{"id":1479,"date":"2003-10-22T00:00:00","date_gmt":"2003-10-22T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"vanguard-to-disclose-fund-expenses","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/10\/2003\/vanguard-to-disclose-fund-expenses.html","title":{"rendered":"Vanguard to Disclose Fund Expenses"},"content":{"rendered":"<p>VALLEY FORGE, Pa. (AP) &#8211; The Vanguard Group, the country&#8217;s second-largest fund manager, Wednesday said it will disclose details about fund operating expenses in its 2003 shareholder reports.<\/p>\n<p>  The nation&#8217;s No. 2 fund manager said it will include a table that shows the dollar cost an investor would incur over the fund&#8217;s latest fiscal year assuming a $10,000 investment and using the fund&#8217;s  actual expenses and total return for the period.<\/p>\n<p>  The idea is to &#8220;help shareholders better understand the actual expenses associated with their investment,&#8221; Vanguard Chairman Jack Brennan said.<\/p>\n<p>  The format of the disclosure is based on a Securities &amp; Exchange Commission proposal put forth earlier this year.<\/p>\n<p>  The move comes as regulators examine several mutual funds managed by other companies to see whether they allowed improper trades by hedge funds at the expense of long-term investors. Critics  believe the investigation stems from a broader breach of investor trust that has led to unnecessary and excessive fund costs and fees.<\/p>\n<p>  Vanguard, headquartered in Valley Forge, Pa., serves some 17 million shareholder accounts and manages more than $650 billion in U.S. mutual fund assets. It offers 112 funds to U.S. investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>VALLEY FORGE, Pa. (AP) &#8211; The Vanguard Group, the country&#8217;s second-largest fund manager, Wednesday said it will disclose details about fund operating expenses in its 2003 shareholder reports. The nation&#8217;s No. 2 fund manager said it will include a table [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1479","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/1479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=1479"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/1479\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=1479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=1479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=1479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}