Vanguard Admiral shares

[Mark-T]

Vanguard has upgraded one of my funds from investor to admiral share status. They did this because my assets in this fund now qualify for a lower expense ratio. However the symbol has changed and the new share price is different. ( approx 2.1 x the investor share price) Because this is simply a change in share status there is no taxable event.

If the share prices were identical I would simply edit the investment to change the symbol. If I treat this as a new investment there is no continuity of tax basis.

What is the best way to deal with this in FM? I sense there is a very simple solution but I cannot see it.

[Mark]

Hi Mark-T,

You would record a split, and change the investment's symbol. Record the split at a ratio of <new_shares> for <old_shares>. For example, if you previously had 100 shares, and now have 48 shares, record a split with a 48 for 100 ratio.

(Assuming the price went up by 2.1x, and the value stayed constant, your shares should have gone down by 2.1x, as in my example.)

[Mark-T]

Thanks Mark. Yes, that does it. I read the Help section on splits and now understand how it works. Thanks, Mark-T