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I found the same thing through my Schwab account, I could not purchase the mutual fund. But for some reason I can purchase the ETF, with no sales charge. Not sure I understand that but whatever.
Very little difference in returns for admiral fund. I happened to invest in both. I'm not sure they hold identical stocks either but the daily fluctuations are not the same for both funds in terms of percentage. Some days VWIAX goes up more than VWINX and some days the opposite.
That shouldn't happen. They are two different share classes of the exact same fund. The only difference is the expense ratio. They reduce the expense ratio for balances of $50,000 or more. The only days where there would be a difference is whenever they distribute dividends. Since they take the expense ratio out of the dividends, VWIAX has a higher payout, which means the share price would go down slightly more on the days dividends are paid out. Over the course of a year, the difference in returns is the same as the difference in the expense ratio.
That shouldn't happen. They are two different share classes of the exact same fund. The only difference is the expense ratio. They reduce the expense ratio for balances of $50,000 or more. The only days where there would be a difference is whenever they distribute dividends. Since they take the expense ratio out of the dividends, VWIAX has a higher payout, which means the share price would go down slightly more on the days dividends are paid out. Over the course of a year, the difference in returns is the same as the difference in the expense ratio.
In theory but I've been tracking them and some days one fund ant up higher than the other and then the opposite a few days later. Maybe rounding error. Why don't you track them for a while and see.
In theory but I've been tracking them and some days one fund ant up higher than the other and then the opposite a few days later. Maybe rounding error. Why don't you track them for a while and see.
Yes, it could be a rounding error. If you look over the course of a year, the difference is just the difference in the expense ratio.
Very little difference in returns for admiral fund. I happened to invest in both. I'm not sure they hold identical stocks either but the daily fluctuations are not the same for both funds in terms of percentage. Some days VWIAX goes up more than VWINX and some days the opposite.
That does not make sense - Vanguard automatically will upgrade VWINX to VWIAX once you have more than $50k invested. So they should not let you own any VWINX, it should have been upgraded to VWIAX.
If you own VWINX outside of Vanguard it will not be upgraded, and the reporting will be off by a day. Schwab etc has to wait to get the latest NAV from Vanguard. Vanguard may be reporting it the same day to their own customers.
Do you own VWINX some place other than Vanguard?
Another difference is they have different expense ratios and when they calculate the NAV for each share class, the expenses applied will be different, making performance look different.
That does not make sense - Vanguard automatically will upgrade VWINX to VWIAX once you have more than $50k invested. So they should not let you own any VWINX, it should have been upgraded to VWIAX.
If you own VWINX outside of Vanguard it will not be upgraded, and the reporting will be off by a day. Schwab etc has to wait to get the latest NAV from Vanguard. Vanguard may be reporting it the same day to their own customers.
Do you own VWINX some place other than Vanguard?
Another difference is they have different expense ratios and when they calculate the NAV for each share class, the expenses applied will be different, making performance look different.
They dont automatically upgrade. You have to hit upgrade to do it. I have both at one time, so I know. I kept them separately because I wanted to track the price I purchased.
They dont automatically upgrade. You have to hit upgrade to do it. I have both at one time, so I know. I kept them separately because I wanted to track the price I purchased.
They upgraded my wife's retirement account automatically.
From the VWINX prospectus:
Quote:
Vanguard conducts periodic reviews of account balances and
may, if your account balance in the Fund exceeds $50,000, automatically convert your
Investor Shares to Admiral Shares.
They upgraded my wife's retirement account automatically.
From the VWINX prospectus:
This is their normal process, what newbie is discribing is not
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