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Re: How do I transfer Vanguard fund to Admiral shares?

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Posted by Mark on March 20, 2004 at 19:59:50:

In Reply to: How do I transfer Vanguard fund to Admiral shares? posted by John Dethoff on March 20, 2004 at 18:03:37:

: I recently had a Vanguard mutual fund converted from Investor to Admiral status. (This is available once accounts reach a high balance, and offers slightly lower expense ratios, thus improved performance)

: After the conversion, the NAV is not the same for both funds, nor is the number of shares. The conversion is treated as a
: non-taxable event.

: How can I best effect this conversion, so I can continue to track the original cost when selling the Admiral shares?

Hi John,

I assume there was no immediate effect on the value of your account due
to this? If so, you can just record a Split transaction to adjust the
share/price. For example, if you owned 100 shares at $10/share before,
and afterwards owned 80 shares at $12.5/share, then you would
record an 8 for 10 split. This will adjust your price/shares appropriately.

Thanks,
Mark
--
Mark Beiley

Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP

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