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Learning, Sharing, and Teaching => Investor Alley => Topic started by: milesdividendmd on June 21, 2014, 02:03:39 PM

Title: Tracking Error Question
Post by: milesdividendmd on June 21, 2014, 02:03:39 PM

I love Vanguard funds.

In fact my biggest single holding is VIIIX (the institutional shares of their S&P fund.)

I was surprised to see that yesterday when the S&P finished +0.17% and VOO was up +0.20%, VIIIX finished at -0.28%.

http://quotes.morningstar.com/fund/VIIIX/f?t=VIIIX

This is unusual to say the least, and for the life of me I cannot figure out the source of this tracking error.

Do any financial types know how to answer this question ?

Title: Re: Tracking Error Question
Post by: Joel on June 21, 2014, 04:13:44 PM

Had it just not been updated for the day?

Title: Re: Tracking Error Question
Post by: milesdividendmd on June 21, 2014, 04:22:19 PM

If you click on the Morningstar link you can see that the loss still shows one day later.

This is also the value recorded on yahoo finance and my Fidelity account. I think its real, I just don't know why.

Title: Re: Tracking Error Question
Post by: geekette on June 21, 2014, 05:08:42 PM

It went ex-dividend (https://personal.vanguard.com/us/funds/snapshot?FundId=0854&FundIntExt=INT#tab=4).  The dividend will probably show up Monday evening.

Title: Re: Tracking Error Question
Post by: milesdividendmd on June 21, 2014, 06:16:03 PM

Thanks Geekette, 

I looked for news of dividend distributions on many of the sites, but not on vanguard.

You are awesome.