On September 26, Total U.S. Stock had its expense ratio reduced by 50%. The previous expense ratio was an already-rock-bottom 0.02%. More than one quarter of Vanguard Charitable donor-advised funds (DAFs) invest in Total U.S. stock.

For the second time in six months, Vanguard Charitable has added new investments to enhance our donors’ charitable asset allocation options. The 16 recently added investments offer donors greater portfolio customization capability, especially among U.S. equity options and active-strategy investments. Last October, we added five popular, passively managed investments to our leading investment lineup. The most recent addition of 11 new investments, first made available to donors on March 30, brings our total to 36 high-quality, cost-effective investments.