Mutual fund that replicates SLYV

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alpha423df
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Mutual fund that replicates SLYV

Post by alpha423df » Tue Aug 16, 2016 12:05 pm

Hi

I was wondering if there is a low-cost Mutual fund from Vanguard or otherwise, that can be easily accessed without advisors, and replicate S&P Small Cap Value 600 (SLYV).

Thanks

Wagnerjb
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Re: Mutual fund that replicates SLYV

Post by Wagnerjb » Tue Aug 16, 2016 12:12 pm

You might consider the iShares ETF "IJS". It seeks to track the index you mention, and has a low ER of 0.25%.

Best wishes.
Andy

Topic Author
alpha423df
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Re: Mutual fund that replicates SLYV

Post by alpha423df » Tue Aug 16, 2016 12:37 pm

Thanks for the suggestion Wagner

Yeah.. thats also something I am considering. I saw that SLYV and IJS has similar returns. SLYV has slightly higher return, IJS has slightly higher fees but higher volume.

I was looking for a mutual fund, so as to automated the periodic deposits into the mutual fund.

Is there any mutual fund based on these ETFs?

jf89
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Re: Mutual fund that replicates SLYV

Post by jf89 » Tue Aug 16, 2016 12:56 pm

Is there a reason you're specifically looking to replicate that particular ETF? A Google search for "Vanguard Small Cap Value" shows that they have Vanguard Small Capitalization Value Index Fund (VISVX). It looks like it has slightly more holdings, probably just tracks a different (but similar) benchmark index.
"Save as much as you can, diversify diversify diversify, and you can't go wrong with tech stocks" | -First investing advice I recall from my parents in the 90's (two outta three ain't bad)

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patrick013
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Re: Mutual fund that replicates SLYV

Post by patrick013 » Tue Aug 16, 2016 1:06 pm

VG ticker VIOV
age in bonds, buy-and-hold, 10 year business cycle

Topic Author
alpha423df
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Re: Mutual fund that replicates SLYV

Post by alpha423df » Tue Aug 16, 2016 2:56 pm

VIOV again is a ETF like IJS like SLYV. There is a associated Vanguard mutual fund for VIOV but its only for institutional investors with a minimum investment of 5m$. So I have to wait till retirement to invest in that lol

https://advisors.vanguard.com/VGApp/iip ... undId=1846

I have looked into VBR and its associated mutual fund (VISVX).

VISVX doesnt exactly track small cap value, it tends to tilt more towards mid-cap value. Probably why VBR lags SLYV and IJS, in YTD/1/5/10 year returns based on M* data.

lemonPepper
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Re: Mutual fund that replicates SLYV

Post by lemonPepper » Tue Aug 16, 2016 3:15 pm

I have also looked at the mutual fund equivalent of SLYV but haven't found it.

SLYV has enough trading volume to yield a low bid/ask spread. I'm buying it thru schwab commission free and I think dividend reinvestment is also commission free.

livesoft
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Re: Mutual fund that replicates SLYV

Post by livesoft » Tue Aug 16, 2016 3:23 pm

Here you go: Vanguard has the VRTVX mutual fund which tracks the Russell 2000 value index. It looks like the expense ratio is 0.08% and the M* style grid is
00-00-00
02-01-00
48-36-13

so essentially no mid-caps at all. It seems perfect for what you are going for. :twisted:

As you probably already know, if there was a mutual fund that did what you wanted, it would already be listed here: http://altruistfa.com/USsmallcapvaluefunds.htm
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lemonPepper
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Re: Mutual fund that replicates SLYV

Post by lemonPepper » Tue Aug 16, 2016 3:33 pm

only problem with VRTVX is the min is $5mn :o

jf89
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Re: Mutual fund that replicates SLYV

Post by jf89 » Tue Aug 16, 2016 3:59 pm

It feels like you're getting a bit picky about the exact makeup of this specific fund. Small differences in benchmarks like a slightly larger definition of what qualifies as a "small cap" likely won't make too much of a difference for you in the long run... certainly not a difference you can predict today. This is especially true in a fund like small value that shouldn't be a huge chunk of your portfolio in the first place.
"Save as much as you can, diversify diversify diversify, and you can't go wrong with tech stocks" | -First investing advice I recall from my parents in the 90's (two outta three ain't bad)

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alpha423df
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Re: Mutual fund that replicates SLYV

Post by alpha423df » Tue Aug 16, 2016 4:15 pm

lemonPepper wrote:only problem with VRTVX is the min is $5mn :o
haha...If I had 5m$, I would just live of it for life lol

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alpha423df
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Re: Mutual fund that replicates SLYV

Post by alpha423df » Tue Aug 16, 2016 6:52 pm

Btw.. I found that Vanguard has a tax managed fund for small cap blend VTMSX.

I guess the reported returns on the website, doesnt report the "tax managed" aspect of the fund, but the cumulative return due to the growth of the NAV+dividends.

I am guessing of the dividend paid out by the fund, I will be paying some amount of it as taxes. Any idea how to estimate how to estimate the additional "net" return a tax managed fund provides, compared to say a similar fund with similar returns but is not tax managed?

As an example we can compared VTMSX and VSIAX. These two funds have similar returns over the last 10 years, not exactly the same. And covers similar assets, again not exactly the same.

livesoft
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Re: Mutual fund that replicates SLYV

Post by livesoft » Tue Aug 16, 2016 7:08 pm

Sure, click on the Distributions tabs of both funds and compare. You can triceratop's spreadsheet to figure out some tax consequences. Vanguard also have the percentage of qualified dividends on their web site. All information is available to you.
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alpha423df
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Re: Mutual fund that replicates SLYV

Post by alpha423df » Wed Aug 17, 2016 3:46 pm

Thank you very much for pointing out triceratop's spreadsheet. It turns out that VTMSX doest turn out to be cheaper than VSIAX (0.31-->0.23)

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