Fidelity assigning weird names to ETFs

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Topic Author
solaris17
Posts: 111
Joined: Thu Sep 24, 2020 12:36 am

Fidelity assigning weird names to ETFs

Post by solaris17 »

In my Fidelity account, I own the following ETFs:

Vanguard Total International Stock Market ETF (VXUS)
Vanguard Intermediate-Term Bond ETF (BIV)
Vanguard Short-Term Bond ETF (BSV)
Schwab US Tips ETF (SCHP)

On the positions page in Fidelity, these ETFs are listed as:

VANGUARD STAR FUND TOTAL INTL STOCK INDEX FD ETF SHS (VXUS)
VANGUARD BALANCED INDEX FD INC INTERMED TERM (BIV)
VANGUARD BALANCED INDEX FD INC SHORT TRM BOND (BSV)
SCHWAB STRATEGIC TR US TIPS ETF (SCHP)

Does anyone know why Fidelity adds labels like "Star Fund," "Balanced Index," and "Strategic" to these ETFs?
exodusNH
Posts: 10758
Joined: Wed Jan 06, 2021 7:21 pm

Re: Fidelity assigning weird names to ETFs

Post by exodusNH »

solaris17 wrote: Tue May 14, 2024 2:57 pm In my Fidelity account, I own the following ETFs:

Vanguard Total International Stock Market ETF (VXUS)
Vanguard Intermediate-Term Bond ETF (BIV)
Vanguard Short-Term Bond ETF (BSV)
Schwab US Tips ETF (SCHP)

On the positions page in Fidelity, these ETFs are listed as:

VANGUARD STAR FUND TOTAL INTL STOCK INDEX FD ETF SHS (VXUS)
VANGUARD BALANCED INDEX FD INC INTERMED TERM (BIV)
VANGUARD BALANCED INDEX FD INC SHORT TRM BOND (BSV)
SCHWAB STRATEGIC TR US TIPS ETF (SCHP)

Does anyone know why Fidelity adds labels like "Star Fund," "Balanced Index," and "Strategic" to these ETFs?
It has to do with the legal entity that actually owns the fund.
rbd789
Posts: 381
Joined: Fri Jul 24, 2020 2:58 pm

Re: Fidelity assigning weird names to ETFs

Post by rbd789 »

exodusNH wrote: Tue May 14, 2024 3:36 pm
solaris17 wrote: Tue May 14, 2024 2:57 pm In my Fidelity account, I own the following ETFs:

Vanguard Total International Stock Market ETF (VXUS)
Vanguard Intermediate-Term Bond ETF (BIV)
Vanguard Short-Term Bond ETF (BSV)
Schwab US Tips ETF (SCHP)

On the positions page in Fidelity, these ETFs are listed as:

VANGUARD STAR FUND TOTAL INTL STOCK INDEX FD ETF SHS (VXUS)
VANGUARD BALANCED INDEX FD INC INTERMED TERM (BIV)
VANGUARD BALANCED INDEX FD INC SHORT TRM BOND (BSV)
SCHWAB STRATEGIC TR US TIPS ETF (SCHP)

Does anyone know why Fidelity adds labels like "Star Fund," "Balanced Index," and "Strategic" to these ETFs?
It has to do with the legal entity that actually owns the fund.
And that can be useful because some reports may be issued for an entire trust entity rather than for individual funds.
exodusNH
Posts: 10758
Joined: Wed Jan 06, 2021 7:21 pm

Re: Fidelity assigning weird names to ETFs

Post by exodusNH »

rbd789 wrote: Tue May 14, 2024 3:57 pm
exodusNH wrote: Tue May 14, 2024 3:36 pm
solaris17 wrote: Tue May 14, 2024 2:57 pm In my Fidelity account, I own the following ETFs:

Vanguard Total International Stock Market ETF (VXUS)
Vanguard Intermediate-Term Bond ETF (BIV)
Vanguard Short-Term Bond ETF (BSV)
Schwab US Tips ETF (SCHP)

On the positions page in Fidelity, these ETFs are listed as:

VANGUARD STAR FUND TOTAL INTL STOCK INDEX FD ETF SHS (VXUS)
VANGUARD BALANCED INDEX FD INC INTERMED TERM (BIV)
VANGUARD BALANCED INDEX FD INC SHORT TRM BOND (BSV)
SCHWAB STRATEGIC TR US TIPS ETF (SCHP)

Does anyone know why Fidelity adds labels like "Star Fund," "Balanced Index," and "Strategic" to these ETFs?
It has to do with the legal entity that actually owns the fund.
And that can be useful because some reports may be issued for an entire trust entity rather than for individual funds.
Yes. To elaborate, if you download the Statement of Additional Information for VXUS, it's bundled with the STAR funds. They occasionally move funds between entities. Probably to balance AUM and to more fairly share administrative burdens and costs.
Topic Author
solaris17
Posts: 111
Joined: Thu Sep 24, 2020 12:36 am

Re: Fidelity assigning weird names to ETFs

Post by solaris17 »

Ok. I was particularly struck by the terms "Star Fund" and "Strategic," which make the index funds sound like actively managed funds.
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