Related: Vanguard delivers unexpected take on tech stocks. Bogle named his company after the HMS Vanguard, Lord Nelson’s flagship in the British victory over the French in 1798.

Vanguard Group (VOO), one of the world's largest ETF issuers, announced it is reducing fees on 168 mutual funds and ETF-related share classes, potentially saving investors over $350 million this year.

Vanguard, the world’s second-largest ETF issuer, recently announced its largest fee cuts in its 50-year history. The company has reduced fees

As one of the world’s largest asset managers, Vanguard’s move will pass on significant savings to investors while also putting significant margin pressure on ETF competitors. However, the implications for the ETF industry will vary by ETF category.

VUG has a lower expense ratio, but it’s too small of a difference to heavily consider in your analysis. VUG has a 0.04% expense ratio, while VGT has a 0.10% expense ratio. These low expense ratios further demonstrate that you can find some of the best low-cost ETFs with Vanguard.

Vanguard on Monday announced reductions to the management fees of 87 investment funds, reportedly the largest such cuts in company history.

Vanguard has announced “historic" reductions to the expense ratios for about 43% of its U.S.-based mutual fund and ETF share classes.