bigla
Recycles dryer sheets
I maybe a mathematically dense for asking this but...
I had VG Wellesley Income investor shares and this past October it was converted to Admiral shares. At that time the Investor share price was $21.74 and the Admiral share price was $52.68. The yield on investor class is 2.91% and 2.98% for admiral shares. It seems to me I will be getting a lot less shares at dividend times with Admiral shares and over the long haul, that would make a significant difference. So are Admiral shares for Wellesley worth it.
None of my other funds when converted from investor to Admiral had any (significant) price change/share.
Please help me understand this.
Thanks
Larry
I had VG Wellesley Income investor shares and this past October it was converted to Admiral shares. At that time the Investor share price was $21.74 and the Admiral share price was $52.68. The yield on investor class is 2.91% and 2.98% for admiral shares. It seems to me I will be getting a lot less shares at dividend times with Admiral shares and over the long haul, that would make a significant difference. So are Admiral shares for Wellesley worth it.
None of my other funds when converted from investor to Admiral had any (significant) price change/share.
Please help me understand this.
Thanks
Larry