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Posted by Les on April 8, 2007, 1:30 pm
Please log in for more thread options Bob-
Thanks for the suggestion to use the corporate acquisition transaction. The
problem has been solved!! I wonder why Vanguard downloads the 2
transactions they do since they mess up the performance measurement??
>* John Pollard wrote:
>> Les wrote:
>>> I have a Vanguard fund that recently changed from a
>>> "regular" fund to an Admiral fund. This means that there
>>> is a slightly lower expense ratio. I downloaded the
>>> Vanguard transactions into Quicken, but in doing so, it
>>> seems that it has caused the the performance of the
>>> account to be adversely affected and be incorrect.
>>> In changing to Admiral shares, the fund symbol changes
>>> and the number of shares changes (since price per share
>>> is different). There are 2 transactions in the account
>>> register:
>>> 1. the action is "removed" and the number of shares are
>>> identified of the regular fund
>>> 2. the action is "added" and the numbe of shares of the
>>> Admiral fund are identified.
>>>
>>> Anyone have a similar problem with Vanguard fund
>>> conversions? Is there a better way so Quicken does not
>>> impact account performance?
>>
>> I'm confused by your concern.
>>
>> Why would you not expect there to be a difference in the
>> performance of your account? The two funds are different
>> securities: if they were not different securities, they would
>> not exist. If their performance was *exactly* the same, there
>> would be no reason for them to exist as separate securities.
>>
>
> I believe the problem is the download. The correct way to handle a
> conversion to admiral shares is to treat it like a stock acquisition, and
> the performance measures will then properly reflect the conversion.
>
> Bob L.
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