Vanguard SSTMMF transaction fees?

dunstonh

pbcpdeveloper said:

My figures come from the download marked 'Ex Ante costs and charges', the document is titled 'Costs and charges disclosure for <name>'.   It's generated after a transaction.

Ignore it.  Its a synthetic figure and not an explicit charge.

GeoffTF

dunstonh said:

The EU directive does not specify a single method of calculation for transaction costs. I expect that is the result of lobbying by fund managers. 

That is the bit that makes the figure pointless.  Ultimately, the EU had the final say.  They settled on fudge that removed any benefit to the consumer.

Specifically, the member states negotiate and vote on changes to the Commission's original proposal in the Council of the EU. The European Parliament then has to vote for the directive before it becomes law. The good news is that the directives that become law have consensus. The bad news is that the system produces weak directives. Nonetheless, if the Commission receives a lot of complaints about how the directive is working, it proposes changes and another cycle begins. We are no longer in a position to complain.

masonic

I don't know what the ideal system would be, or why the present system couldn't be improved now. But the true cost of ownership is not something that can be known in advance.

Alistair31

Thanks for all the responses. Seems I was misunderstanding this charge completely.