Blog Archives

Vanguard stock index fund turnover in 2016

  Vanguard’s suite of U.S. stock index funds are benchmarked to CRSP indexes. In addition, Vanguard offers sets of U.S. exchange-traded funds benchmarked to Russell and S&P indexes. In 2015 the CRSP index funds had lower turnover rates  in most style categories when compared to the Russell and S&P funds. This continues a trend established […]

Tagged with:
Posted in indexing

Vanguard bond index fund tracking error

The following tables provide tracking error data for Vanguard bond index funds. Tracking error is the ultimate measure of judging an index fund manager’s performance. Since bond indexes can include huge numbers of illiquid bonds, replicating an index is often

Tagged with: ,
Posted in Bonds, indexing, Vanguard

Under the hood – Vanguard US stock index funds

Vanguard issues annual reports for the firm’s international and global index funds on October 31 of each year. The reports provide information that can highlight some of the underlying conditions affecting a fund’s future capital gains distribution outlook; an indication of a fund’s foreign tax credit; the level of security lending in each fund, and […]

Tagged with:
Posted in indexing, Market statistics, Vanguard

Vanguard US index funds turnover rates in 2015

Vanguard’s suite of U.S. stock index funds are benchmarked to CRSP indexes. In addition, Vanguard offers sets of U.S. exchange-traded funds benchmarked to Russell and S&P indexes. As in 2014,  the CRSP index funds once again generally provided lower turnover

Tagged with:
Posted in indexing

Mutual fund internal loss carryovers

Mutual funds are legally structured as pass-through conduits of investment income. The income can come from dividends and interest received from securities or by profits realized by selling securities. By law, the fund must distribute income and gains to shareholders

Tagged with:
Posted in Mutual funds

Vanguard stock fund brokerage commission expense (1994 – 2014)

Mutual funds that buy and sell stock incur costs on these transactions. These transactional costs are not included in a fund’s expense ratio. Transaction costs include brokerage commission expense, buy and sell  spread costs, and market impact costs, Among these

Tagged with: ,
Posted in Market statistics

Vanguard index fund security lending in 2014

In finance, securities lending involves a transfer of securities (such as stock shares or bonds) to a borrower, who gives the lender collateral (which can include shares, bonds or cash). The borrower pays the lender a fee each month for

Tagged with:
Posted in indexing, Vanguard

Vanguard CRSP index funds produce low turnover rates in 2014

2014 was the first full year that Vanguard’s suite of U.S.stock index funds were benchmarked to CRSP indexes. In addition, Vanguard offers sets of U.S. exchange-traded funds benchmarked to Russell and S&P indexes. Interestingly, in 2014 the CRSP index funds

Tagged with:
Posted in indexing

Vanguard Index Fund Security Lending in 2013

In finance, securities lending involves a transfer of securities (such as stock shares or bonds) to a borrower, who gives the lender collateral (which can include shares, bonds or cash). The borrower pays the lender a fee each month for

Tagged with:
Posted in indexing, Vanguard
May 2017
M T W T F S S
« Apr    
1234567
891011121314
15161718192021
22232425262728
293031  
Categories
Archives
Follow Financial Page on WordPress.com