What are Vanguard Admiral shares?
Vanguard Admiral™ Shares were created to recognize and encourage the cost savings stemming from large, long-term investment accounts, and to pass these savings on to the shareholders who generate them. If you have a single Vanguard fund account that meets certain size and tenure requirements, you can take advantage of the cost savings generated by this lower-expense share class. More than 60 Vanguard funds offer Admiral Shares. You’re eligible for Admiral Shares if you: • Have $100,000 or more invested in a single Vanguard fund account that offers Admiral Shares. (We automatically convert these accounts to Admiral Shares for you on a quarterly basis, but if you do not want the benefits of Admiral Shares, simply contact us.) • Have owned a single Vanguard fund account for at least ten years that now has a balance of $50,000 or more, and you’re registered for online access to your Vanguard accounts. (While these accounts are not converted automatically, you can complete the easy process
