Vanguard Investments Canada Inc. has lowered the management fee on one of its largest fixed income ETFs, the Toronto-based company announced Tuesday.

Effective Feb. 13, the management fee on Vanguard Canadian Aggregate Bond ETF will be reduced by four basis points to 0.08% from 0.12%.

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“As a global low-cost leader, this continues our trend of delivering high-quality and enduring cost-effective investing solutions for Canadian investors and financial advisors, following fee reductions in 2013, 2014 and 2015,” says Atul Tiwari, managing director for Vanguard Investments Canada, in a statement.