feh wrote:Hi folks.
Could somebody please verify that the only difference between these two is the expense ratio?
Could somebody also verify that when a fund is labeled as "institutional", that really only means a large initial purchase? As opposed to meaning the fund cannot be purchased by an individual?
Out of curiosity I logged into my Vanguard brokerage account and began a "buy" transaction for each symbol. PTRAX had a $5,000 minimum while PTTRX had a $25,000 minimum, but it would have been possible to buy either one.
Looking casually at the prospectus for each, they appear to be the same with 65% diversified fixed income, up to 10% in junk bonds and up to 30% in foreign bonds.
This is not an expert opinion. I'm just a confused older person.
Many wealthy people are little more than janitors of their possessions. | | Frank Lloyd Wright, architect (1867-1959)