Vanguard Announces Lower Minimums for Admiral Shares

Yesterday Vanguard announced that it was lowering the threshold for Admiral shares on certain index funds. Admiral shares have an even lower expense ratio than the regular mutual fund shares from Vanguard.

I have long held Windsor II shares, an actively managed mutual fund, in my Roth IRA. I have long hoped I'd get to the point where these shares would convert to Admiral shares to lower my fund expenses. For a brief moment I thought I might finally reach that point, however it looks like this change only applies to some Vanguard index funds. I need to get my balance above $50k to get Admiral shares so hopefully within the next 2 years Ill be there.

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