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Vanguard

Closed-end funds and OEICs
UnclePhilip
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Re: Vanguard

#243661

Postby UnclePhilip » August 12th, 2019, 8:29 am

mc2fool wrote:
UnclePhilip wrote:If I buy through iWeb, are there any fees deducted for Vanguard howsoever deducted? Or can I otherwise simply compare custody, entrance, dealing, exit fees between the two?

Well, of course there's Vanguard's management fee and costs for the fund, which you pay them indirectly, whichever way you buy/hold their funds, and are unavoidable.

There's no entrance and exit fees, unless you're counting the spread for UTs and ETFs, so, yes, you are basically down to comparing Vanguard's 0.15% (capped) custody fee with IWeb's £5 per trade, and plugging those into your expected usage patterns.


Thank you for this, clears my residual confusion on this comparison!

UnclePhilip
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Re: Vanguard

#244423

Postby UnclePhilip » August 15th, 2019, 9:32 am

Having decided to buy Vanguard funds through iWeb, I now find myself very confused, and hope someone can help me....

On the Vanguard site the funds are identified by their "Index Ticker", eg TAWNT01U;

https://www.vanguardinvestor.co.uk/inve ... _fund_link

but on iWeb there is a "Fund code", eg VRXXA which is quite different

As there are a number of funds, can someone please explain how I make sure I'm locating the one I'm looking for?

A bit embarrassed....

Uncle

UncleEbenezer
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Re: Vanguard

#244437

Postby UncleEbenezer » August 15th, 2019, 10:04 am

Speaking as a fellow Uncle who also finds it confusing ...
I find I can match up what's what ad-hoc. Search on a reference in one form, and find a page containing it in another form alongside the result.
Not a great technique, but serves to muddle along if you don't get a better reply.

monabri
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Re: Vanguard

#244442

Postby monabri » August 15th, 2019, 10:18 am

UnclePhilip wrote:Having decided to buy Vanguard funds through iWeb, I now find myself very confused, and hope someone can help me....

On the Vanguard site the funds are identified by their "Index Ticker", eg TAWNT01U;

https://www.vanguardinvestor.co.uk/inve ... _fund_link

but on iWeb there is a "Fund code", eg VRXXA which is quite different

As there are a number of funds, can someone please explain how I make sure I'm locating the one I'm looking for?

A bit embarrassed....

Uncle


On iWeb, enter 4 letter codes such as "VWRL" - all world ETF (the link you provided above)

e.g.
VWRL https://www.hl.co.uk/shares/shares-sear ... etf-usdgbp
VAPX https://www.hl.co.uk/shares/shares-sear ... ia-pacific
VFEM https://www.hl.co.uk/shares/shares-sear ... arkets-etf
VHYL https://www.hl.co.uk/shares/shares-sear ... gh-div-yld
VUSA https://www.hl.co.uk/shares/shares-sear ... etf-usdgbp
VUKE https://www.hl.co.uk/shares/shares-sear ... ts-etf-gbp
VEVE https://www.hl.co.uk/shares/shares-sear ... orld-ucits
VMID https://www.hl.co.uk/shares/shares-sear ... -ucits-etf

I would also recommend the PensionCraft videos on YouTube. They are each typically 15mins well spent - plus there is the PensionCraft crib-book on Vanguard funds.

VWRL (from your link)
Image

mc2fool
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Re: Vanguard

#244488

Postby mc2fool » August 15th, 2019, 11:56 am

UnclePhilip wrote:Having decided to buy Vanguard funds through iWeb, I now find myself very confused, and hope someone can help me....

On the Vanguard site the funds are identified by their "Index Ticker", eg TAWNT01U;

https://www.vanguardinvestor.co.uk/inve ... _fund_link

but on iWeb there is a "Fund code", eg VRXXA which is quite different

The link you provide is to Vanguard's FTSE All-World ETF which, as others have pointed out, can be traded using the TIDM VWRL.

The "Index Ticker" TAWNT01U is not for the ETF but is actually the Bloomberg ticker for the FTSE All-World Index itself.

VRXXA is the MEXID for the Vanguard's FTSE Global All Cap Index Fund, which is an OEIC.

ETFs are traded on the stock market and with IWeb to trade one you just use the normal mechanism for buying any UK shares, i.e. you click on "Deal Now" and under the UK tab you stick the TIDM (e.g. VWRL) into the "company code" field and click Verify, etc.

To trade a fund (OEIC or UT) on IWeb you instead use the Funds tab and then either select the fund you want from the lists or enter the "fund code", which can be any of the ISIN, SEDOL or MEXID.

Unfortunately the http://www.vanguardinvestor.co.uk site appears to be geared towards investors with Vanguard accounts who will just click their "Invest Now" button to buy their ETFs/funds directly, and so doesn't appear to bother to list any of the fund codes. However, you can find them on the "adviser" pages, e.g. https://www.vanguard.co.uk/adviser/adv/ ... ode=EQUITY

TedSwippet
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Re: Vanguard

#244528

Postby TedSwippet » August 15th, 2019, 1:51 pm

mc2fool wrote:
UnclePhilip wrote:Having decided to buy Vanguard funds through iWeb, I now find myself very confused, and hope someone can help me....

Unfortunately the http://www.vanguardinvestor.co.uk site appears to be geared towards investors with Vanguard accounts who will just click their "Invest Now" button to buy their ETFs/funds directly, and so doesn't appear to bother to list any of the fund codes. However, you can find them on the "adviser" pages, e.g. https://www.vanguard.co.uk/adviser/adv/ ... ode=EQUITY

It's weird how hard it can be sometimes to find the fund you want to buy, even when you know exactly what it is you want.

I usually solve this by finding the fund's ISIN. That's unique to the fund, and (fairly) universally used. (And quite why we need MEXID, SEDOL and the whole other menagerie of also-rans for fund identifiers is a mystery to me!) The easiest way to find the ISIN is usually from the 'Key Investor Document', a click-through from the Vanguard fund page you referenced -- look under 'Documents'. Be sure that you are looking at the right class of fund for what you want, 'accumulating' or 'distributing'; it's easy to forget this.

Once you have this, on iWeb's trading screen select the Funds tab and then cut-and-paste the ISIN in to the search box. That will take you to where you want to be, with no real prospect of arriving at the wrong fund somehow. After you've gone round this circuit once, buying more of the same fund is much easier, thankfully. On your portfolio valuation you'll find direct Buy and Sell buttons next to things you already hold.

mc2fool
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Re: Vanguard

#244533

Postby mc2fool » August 15th, 2019, 2:21 pm

TedSwippet wrote:And quite why we need MEXID, SEDOL and the whole other menagerie of also-rans for fund identifiers is a mystery to me!

In talking with IWeb before it seems that the SEDOL is the unique key their systems use. Dunno why.

MEXIDs seem to be the primary code used for funds by both IWeb and ATS and they do have the advantage of being a bit more memorable/recognisable than ISINs and SEDOLs ... in some cases much more so, e.g. look at the various codes on https://www.fundsmith.co.uk/fund-factsheet :D

UnclePhilip
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Re: Vanguard

#244587

Postby UnclePhilip » August 15th, 2019, 6:41 pm

Hugely helpful; thank you so much everyone!


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