vanguard holdings value doesn't match statement

jswafa
jswafa Member ✭✭✭
My Vanguard mutual fund downloaded holdings value is off by a few cents from the statement.  It appears to be rounding differences that result in a different value for a couple of the funds even though the share price and quantity match the statement.  This doesn't happen in any of my other investing accounts.  Any suggestions to fix?

Answers

  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    There might not be a fix, but maybe there is a buy/sell where the number of fractions of shares is off.
    The truth is there isn't any standard on how to do the rounding.  The number of digits to round to changes with different financial institutions.

    In fact I have seen where (and it might have been Vanguard, I forget) Vanguard sent Quicken say 1.25, but when I looked at the financial institution's website it was recorded as say 1.2475.
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  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Also, Q rounds dollar amounts using 5/4 rounding.  Fidelity, my brokerage, truncates anything past the 2nd decimal.
    SO, my holding are frequently off, in both directions, from what Fidelity shows.  It's not worth it for me to worry about the matter.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • jswafa
    jswafa Member ✭✭✭
    Thanks to both of you!  I agree that it's trivial - just a few cents - just bugs me enough to see if it's a common problem.  As I said, I've never seen it in many other accounts over many years - and not in my Vanguard accounts either until recently.  The amounts for prices and shares do match, including the same decimals.  But looking more closely at the math, I see Vanguard is the culprit.  They're using something other than their printed numbers, and not rounding or truncating!  Just for fun I'll follow up with them and report back if I get a logical solution.
  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    I wouldn't be in the least bit surprised is that the answer is that internally they store the numbers to a much higher precision than what they display at (or report to Quicken).  And as such there isn't anything really "wrong", as far as they are concerned.
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