Vanguard Admiral Shares News Archive Vanguard Admiral Shares Admiral Shares were created to recognize and encourage the cost savings stemming from large, long-standing investment accounts and to pass on these savings to shareholders. Over time, these savings could be significant for Admiral Shares investors.
Shareholders can then easily convert their shares through a simple online exchange request.
Admiral Share accounts that drop below the required balance levels will be reclassified to Investor-Class Shares. Admiral Shares are also available to certain Institutional accounts. Employee benefit plans adminstered by Vanguard. Vanguard Retirement Plan accounts. Omnibus accounts maintained by financial intermediaries, except in certain circumstances.