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.

Malvern-based Vanguard is pricing active funds cheaper as it competes with Schwab, Fidelity, and other mass-market money managers.

Investors have upped their interest in actively managed bond ETFs, pouring record capital into them in January as some paid up in hopes of stronger returns.

Vanguard Group Inc.’s biggest salvo yet in its campaign to cut fees for the investing masses presents industry rivals with a painful choice. Follow suit and lose potentially hundreds of millions in revenue — or hold the line and risk losing badly needed market share.

Vanguard announced on Monday that it has reduced management fees for 87 exchange-traded funds and mutual funds. This move is the largest fee cut in the company’s nearly 50-year history. The firm estimates that this decision will save investors $350 million in 2025 alone.