Daniel Sotiroff

Morningstar ETF analyst. Editor, Morningstar ETF Investor. Morningstar Research Services. Important disclosure information.

[Ben Johnson, CFA @MstarBenJohnson]

⚠️ Watch For Falling Fund Fees ⚠️

@DanielSotiroff gives a rundown of Vanguard's latest round of fee cuts here.

https://t.co/cJa1oAnlTg

[Daniel Sotiroff @DanielSotiroff]

@syouth1 Looks like it was all 3 Primecap funds. Similar filings and language for Primecap Core and Capital Opp (different trusts)

ER on Core is going down 6 bps and Capital Opp going down 3 bps

Primecap Core: https://t.co/soZPeOyQt4
Capital Opp: https://t.co/VmTr4WBHbU

[Bryan Armour @MstarArmour]

@DanielSotiroff Article: https://t.co/qTPDhax56F
Report: https://t.co/mYQ41F8cdQ

[Daniel Sotiroff @DanielSotiroff]

Dimensional filed for its first 13 ETF share classes today

Looks like mostly core, large-cap, and some small-cap portfolios.

Interesting that the micro-cap portfolio is getting ETF'd

https://t.co/9uTvBlAVZQ

[Ben Johnson, CFA @MstarBenJohnson]

Morningstar's @DanielSotiroff and @MstarArmour dig into everything investors need to know about ETF share classes here.https://t.co/8sNaqKBUqs

[Morningstar, Inc. @MorningstarInc]

Vanguard will offer three new, active fundamental stock ETFs overseen by managers who run some of the family’s most storied stock mutual funds.

@DanielSotiroff shares what investors need to know about the new offerings. https://t.co/yDeqymCfdH

[Daniel Sotiroff @DanielSotiroff]

@ChuckJaffe @Convertbond @Morningstar @vanguardgroup Thanks, Chuck!

[Chuck Jaffe @ChuckJaffe]

@ConvertBond says the market is showing signs that a 10-20% selloff will hit in the next 4-6 weeks, part of a rotation that he says will favor hard assets. @DanielSotiroff of @Morningstar on @VanguardGroup plans to offer #ETF versions of 3 popular active funds & more. Tune in!

[Jeffrey Ptak @syouth1]

@DanielSotiroff on Vanguard's just-announced plan to launch three new 'Vanguard Wellington' branded active ETF, one with links to Vanguard Dividend Growth Fund, another to Vanguard Global Equity Fund, and a third to Vanguard Windsor Fund. https://t.co/3T664D3duk

[Daniel Sotiroff @DanielSotiroff]

Here's the breakdown based on the SEC filings

The parent mutual funds are highly rated by Morningstar. Global Equity and Windsor have Silver Medalist Ratings, while Dividend Growth is at Gold

[Daniel Sotiroff @DanielSotiroff]

Vanguard and Wellington are teaming up for new actively managed stock ETFs

Not quant ETFs this time. Wellington stock pickers from existing Vanguard mutual funds will run the portfolios

More to come...

$VUSV $VUSG $VDIG

https://t.co/OvdmjQCgOy

[Daniel Sotiroff @DanielSotiroff]

@lhamtil Great book!

[Daniel Sotiroff @DanielSotiroff]

@syouth1 @verdadcap Not sure if you found it, but Alex Bryan wrote a paper on the topic in 2019 titled "Portfolio Concentration Doesn't Have Much Sway on Returns"

Here's the summary article with some of the key findings
https://t.co/AlOQtZxomv

[Daniel Sotiroff @DanielSotiroff]

Vanguard just filed for an ETF share class of its actively managed mutual funds...

https://t.co/MkRXF5QdNb

[Daniel Sotiroff @DanielSotiroff]

@MstarArmour @EricBalchunas Second that

[Daniel Sotiroff @DanielSotiroff]

@ETFhearsay No problem. Vanguard has mutual funds that follow the similar processes as its bond ETFs. Using those funds as proxies, you can see the difference in yield, which should be indicative of their risk and return

[Daniel Sotiroff @DanielSotiroff]

Here's what WVB All Markets looks like compared to Cap Group+KKR collab. Gives you a taste of where fees are at right now on these public+private funds

👍👍 to both for choosing the interval fund structure

[Ben Johnson, CFA @MstarBenJohnson]

The Vanguard/Wellington/Blackstone interval fund filing is here. (h/t @DanielSotiroff)

Will feature a mix of public and private assets, largely via investments in a mix of Vanguard and Blackstone funds.

$2,500 minimum initial investment.

https://t.co/hA0OigxLY6

[Daniel Sotiroff @DanielSotiroff]

Vanguard's newest models are a little different from its existing models:
1) Fixed income only, and
2) Dynamic. The allocations may shift over time to reflect Vanguard's outlook, which adds a layer of active management to the mix

https://t.co/aIEV4Wkz0w