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How to Handle Vanguard Change to Admiral Shares

I have a Vanguard fund that recently changed from a "regular" fund to an Admiral fund. This means that there is a slightly lower expense ratio. I downloaded the Vanguard transactions into Quicken, but in doing so, it seems that it has caused the the performance of the account to be adversely affected and be incorrect.

In changing to Admiral shares, the fund symbol changes and the number of shares changes (since price per share is different). There are 2 transactions in the account register:

  1. the action is "removed" and the number of shares are identified of the regular fund
  2. the action is "added" and the numbe of shares of the Admiral fund are identified.

Anyone have a similar problem with Vanguard fund conversions? Is there a better way so Quicken does not impact account performance?

Thanks in advance for any help

Reply to
Les
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I'm confused by your concern.

Why would you not expect there to be a difference in the performance of your account? The two funds are different securities: if they were not different securities, they would not exist. If their performance was *exactly* the same, there would be no reason for them to exist as separate securities.

Reply to
John Pollard

I believe the problem is the download. The correct way to handle a conversion to admiral shares is to treat it like a stock acquisition, and the performance measures will then properly reflect the conversion.

Bob L.

Reply to
Bob L.

Bob-

Thanks for the suggesti>> Les wrote:

Reply to
Les

Les said the following on 4/8/2007 12:30 PM:

Thanks for the question about converting to Vanguard Admiral shares. I didn't realize the impact this change has on Quicken accounts.

Don

Reply to
Don in San Antonio

Reply to
Alfredo

Alfredo said the following on 5/6/2007 7:39 AM:

I don't have an answer but I understand the problem. I have a mutual fund merger that makes the same changes. I tried using a Corporate Acquisition transaction but didn't like how it created a new transaction for every existing buy or sell transaction in the account. I'm beginning to think the best course of action is to sell all the existing shares in the old account then create a new account and purchase the new shares. This is pretty close to what really happened.

Come to think about it, Vanguard lets you put all mutual funds in a single Quicken account. If that's the option you chose to use, all you need to do is create a new Admiral Fund share type then sell the old Index 500 shares and buy the new Admiral shares. Don

Reply to
Don in San Antonio

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