Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
They're two different share classes of the same fund. That means they both represent ownership of the same underlying portfolio (fund). It's just that they're sold to different types of investors and they have different annual expenses (expense ratios).
VBMFX costs 0.15%/year (expense ratio, or ER), while VBTIX's expense ratio is 0.04%. Neither share class is open to retail investors.
You could buy VBTLX shares, with a $3K minimum investment and a 0.05% expense ratio. You could also buy the same fund through a brokerage by purchasing BND (an ETF share class of the same fund) with an expense ratio scheduled to drop to 0.035% (according to Barron's).
Comments
Regards,
Ted
VBMFX costs 0.15%/year (expense ratio, or ER), while VBTIX's expense ratio is 0.04%. Neither share class is open to retail investors.
You could buy VBTLX shares, with a $3K minimum investment and a 0.05% expense ratio. You could also buy the same fund through a brokerage by purchasing BND (an ETF share class of the same fund) with an expense ratio scheduled to drop to 0.035% (according to Barron's).