Not sure I understand that extra 0.108%. Isn't that the fee charged by the broker, MUFG in that case? I find it surprising that it is not more explicitly mentioned in any of the fund brochures.
N00bster wrote: ↑Tue Jan 16, 2018 10:57 pm
Not sure I understand that extra 0.108%. Isn't that the fee charged by the broker, MUFG in that case? I find it surprising that it is not more explicitly mentioned in any of the fund brochures.
I think that's right. 0.15% and 0.1% are "operational management costs" and "investment management costs" respectively. There's tax on top of that bringing the total to 0.27%. The total fee is listed in the brochure and many sources on the internet, but some places just quote the 0.15%. So it looks like mutual funds are slightly cheaper.
Sounds like Rakuten are just wrapping the funds up themselves, possibly not an official partnership?
They have press releases talking about starting the funds, so it is official, why they don't list it on the vanguard page might have something to do with the deal they struck.
Sorry, I couldn't link them as the address just led back to the search bar. I just went to the mutual funds section and searched for 楽天, then (the best way I know) is to click on the compare option for the 4 of them and that will lead you to an actually useful page with the monthly report linked. I can't find links to the prospectus on the actual fund page.
VHDYX was created on Jan.10 2018 so it's brand new. Could there be more Vanguard funds coming?
Tony wrote: ↑Mon Jan 22, 2018 9:10 pm
They have press releases talking about starting the funds
Thanks for that, I think I'd seen that before but forgotten about it. Nice to see they are somewhat official.
Akatani wrote: ↑Mon Jan 22, 2018 11:48 pm
I just went to the mutual funds section and searched for 楽天
Hmm that's what I did too but I didn't get any results. Maybe I wasn't in the mutual funds section... I'll have another look later when I have time to make sure I'm looking at the right screen.
So I've been doing some study recently and considering internal costs, tax efficiency and whatnot.
I find this offering to be pretty wanting as far as "buy and hold" is concerned and want to check if my thinking seems accurate:
What we're trading for via this wrapper is a multi-layered system with the excellent vanguard funds at the core. But somewhere a significant amount of the performance appears to be lost: examining the latest report, since the VT wrapper funds set up(not very long ago) the index it tracks was up 7.6% but the fund was only up 6.4%. If we go to a shorter 3 month diff it's 4.9 v 5.3 or .4% so not as bad. I get a feeling that there are significant issues in efficiency during the fund set up(the following nissei fund also performed worse at setup)
I compare it to the cheaper(and simpler) nissei foreign stocks fund(the main difference being that this does not include japan) and in addition to marginally lower external costs, it appears to be performing more efficiently: they appear to have tracked the benchmark index with no additional costs.
Add to this the fact that nissei reinvests dividends internally(before taxation) and it seems to be a much stronger alternative as a "buy and hold" choice.
Is any of my thinking here wrong or does anyone have anything to add? I'm a bit sad to be unable to get the full advantage of vanguards funds, but it appears that nissei is providing a pretty strong local alternative at a fair cost?
