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Vanguard Funds Appear To Lose Half Their Value As Company Blames Pricing Glitch

TedTed
in Fund Discussions
FYI: Some of Vanguard’s funds appeared to lose as much as half their value on Monday—but the company says those losses were just pricing glitches that were quickly rectified.

The $56 billion Vanguard Wellesley Income fund (ticker: VWINX), which invests in large cap value stocks and investment-grade bonds, appeared to lose 56%, according to Vanguard’s website.

The $105 billion Vanguard Wellington fund (VWELX), which Vanguard says is its oldest mutual fund and the nation’s oldest balanced fund, appeared to lose 32%, the company’s website showed.

The $17 billion Vanguard Target Retirement Income fund (VTINX)—a product designed for people already in retirement—appeared to lose 45.6%, according to its website.
Regards,
Ted
https://www.barrons.com/articles/vanguard-pricing-glitch-causes-funds-to-appear-to-lose-half-their-value-51565663400?refsec=funds

Comments

  • Derf
    Yes I did notice this & didn't get excited. Common sense prevailed.

    Derf
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