Quick Take
A collection of 49 posts
Out of the Oven
Vanguard has decided that after 15 months in the oven, Multi-Sector Income (VMSIX and VMSAX) is ready to eat. Vanguard seeded the global income fund with $25 million when they launched it in October 2021 but didn’t allow outside investors to participate—until now. Yesterday, I was scratching my
Weathering Government Shutdowns
With the U.S. government’s finances bumping up against the debt ceiling, I’m (not surprisingly) hearing from concerned investors on both sides of the political aisle asking what this means for our investments. First, we’ve been here before. And it’s important to recognized that we’ve
Alternative Costs
Did Alternative Strategies (VASFX) run into some trouble earlier this year? Some time between November 2021 and April 2022 Vanguard paid $637,000 into the fund to cover “higher-than-anticipated costs associated with short sale transactions.” As you may recall, the fund uses a variety of strategies to achieve a goal
No More Cuts
Prices of goods and services of all shapes and sizes shot higher last year. Not even Vanguard, historically a cost-cutting machine, was able to buck the trend. Yes, costs (read, expense ratios) rose at Vanguard in 2022.
More or Less Confusing?
Imagine changing your name after 45 years! Launched in September 1977, Short-Term Tax-Exempt (VWSTX) will be called Ultra-Short-Term Tax-Exempt starting at the end of February 2023. Frankly, the name change is overdue as it always created some confusion among investors—or maybe it was just me who got tripped up