Q: I am currently researching the Vanguard Conservative ETF Portfolio. I would like to confirm that I understand the total fees properly.
The Vanguard website indicates that the MER for this product is 0.25%, and "For any Vanguard fund which invests in underlying Vanguard fund(s), there shall be no duplication of management fees chargeable in connection with the Vanguard fund and its investment in the Vanguard fund(s)."
VCNS holds a portfolio of other Vanguard ETFs. I interpret the above paragraph to mean that the total fees paid to Vanguard is 0.25% (ie. that there is no stacking, that I do not pay the separate MERs for the underlying portfolio ETFs, PLUS an additional 0.25% for the VCNS ETF). Can you please confirm that my understanding is correct?
Thank you for your help and your insightful advice.
The Vanguard website indicates that the MER for this product is 0.25%, and "For any Vanguard fund which invests in underlying Vanguard fund(s), there shall be no duplication of management fees chargeable in connection with the Vanguard fund and its investment in the Vanguard fund(s)."
VCNS holds a portfolio of other Vanguard ETFs. I interpret the above paragraph to mean that the total fees paid to Vanguard is 0.25% (ie. that there is no stacking, that I do not pay the separate MERs for the underlying portfolio ETFs, PLUS an additional 0.25% for the VCNS ETF). Can you please confirm that my understanding is correct?
Thank you for your help and your insightful advice.