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Post by mrbilbobaggins on Feb 16, 2023 1:25:49 GMT
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Post by Deleted on Feb 16, 2023 14:49:33 GMT
Bad news for me. My entire portfolio is built around VPGDX as my core fund. Looks like it back to the drawing board.
Thanks for posting here, Mr. Baggins.
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Post by yogibearbull on Feb 18, 2023 13:45:51 GMT
Next day after this announcement, I sold out my entire position(s) in VPGDX. Its a shame that Vanguard cannot make $1.2 billion fund work, and merging it into VSMGX, a bland fund-of-index-funds is beyond stupid when the multi-asset funds are picking up steam. When $1+ billion funds don't matter to a fund family, it may have gotten too big or lost. ybbpersonalfinance.proboards.com/post/935 |
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Post by anovice on Feb 18, 2023 18:48:34 GMT
Next day after this announcement, I sold out my entire position(s) in VPGDX. Its a shame that Vanguard cannot make $1.2 billion fund work, and merging it into VSMGX, a bland fund-of-index-funds is beyond stupid when the multi-asset funds are picking up steam. When $1+ billion funds don't matter to a fund family, it may have gotten too big or lost. ybbpersonalfinance.proboards.com/post/935It makes you wonder when Vanguard will close Global Wellington which as 544 Mil in assets, less than half of VPGDX. |
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Post by yogibearbull on Feb 18, 2023 18:53:38 GMT
Next day after this announcement, I sold out my entire position(s) in VPGDX. Its a shame that Vanguard cannot make $1.2 billion fund work, and merging it into VSMGX, a bland fund-of-index-funds is beyond stupid when the multi-asset funds are picking up steam. When $1+ billion funds don't matter to a fund family, it may have gotten too big or lost. ybbpersonalfinance.proboards.com/post/935It makes you wonder when Vanguard will close Global Wellington which as 544 Mil in assets, less than half of VPGDX. Well, you are on right track for raising such a question. But you have to look at total assets in all classes. So, will Global Wellesley VGWIX (“only” 0.54 billion in 5+ years) or Global Wellington VGWLX (“only” $1.9 billion in 5 years) be the next to go? |
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Post by Deleted on Feb 18, 2023 20:07:01 GMT
What's perplexing is that Vanguard kept a very high minimum investment, $25,000, which may have made sense when VPGDX was a retiree decumulation fund but made no sense for a Investor Class balanced fund. I'm sure the high minimum was a barrier for many who might have thought the fund was a decent "one and done" option.
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Post by roi2020 on Feb 18, 2023 23:14:15 GMT
It makes you wonder when Vanguard will close Global Wellington which as 544 Mil in assets, less than half of VPGDX. Well, you are on right track for raising such a question. But you have to look at total assets in all classes. So, will Global Wellesley VGWIX (“only” 0.54 billion in 5+ years) or Global Wellington VGWLX (“only” $1.9 billion in 5 years) be the next to go?
Since there is a larger opportunity set for the global fund, I don't think Vanguard will be closing it any time soon.
There are different lead equity managers for these two funds but the lead bond manager for both is Loren Moran. |
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