Re: Account Fees on Portfolio Performance Report
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Posted by Mark on March 12, 1999 at 19:13:11:
In Reply to: Account Fees on Portfolio Performance Report posted by Gordon Kimmerly on March 12, 1999 at 12:10:22:
: I have purchased shares in the Vanguard European Stock
: Index Fund. This "no load" fund charges a 0.5%
: purchase fee. I recorded each purchase as two
: transactions; 1) the purchase with actual price and
: shares purchased, and 2) the account fee as a negative
: distribution. : When I select the Portfolio Performance Report using a
: date range of initial purchase date to current date,
: the initial account fee is not included in the Distrib.
: Amount column. To get it included, I must specify a
: date range beginning with the day before my initial
: purchase. : Showing my ignorance, I have several questions related
: to this....
: 1) Is this reporting (i.e. not including all activity
: occurring on the same date) "as designed", and if
: so, what is the rationale? Yes, this is "as designed". This is also how
it is documented in the online help if you choose
"Help/Help on Report...". The feedback on this
has been that it should work as you expected, and
it has been changed to work that way for FM 4.
: 2) I suppose I could have defined this as a "loaded"
: fund (I incorrectly thought the fee would be waived
: once my account reached a certain volume). Is that
: your recommendation? However, are there not some
: funds that do begin waiving such fees, and how would
: those be handled?
I would suggest changing the investment type to
a loaded fund. You can change it at any time,
even after creation. The only difference between
the different investment types is the way you
enter transactions. For "no-loads" it assumes
you pay no fees.
: Regards,
: Gordon
Thanks,
Mark
--
Mark Beiley
Fund Manager for Windows 3.1x/95/98/NT
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