Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Bernie Goldberg who wrote (14704)	2/1/2001 10:46:12 AM
From: Gemlaoshi	Read Replies (1) \| Respond to of 18928

Bernie, As an addition to your excellent explanation on fund expenses: the major differences between VFINX and UOPIX can be seen in relative fund size, and portfolio turnover. UOPIX has only $431M in its portfolio, and a turnover rate of 670% (no, that's not a typo!). Such a small fund must spread its fixed costs over such a small base, plus they have higher variable costs with such a HUGH turnover rate. In contrast, VFINX has $89.4B in portfolio, and only a 6% portfolio turnover. So according to the turnover rates, it must take a lot of churning to obtain that 2X the index result that UOPIX obtains. Dave