brooklynguy, that's an interesting question. I do have a Vanguard account and I haven't seen that before. I poked around a little and googled this and I can't find anything.
The closest I could find is that if you log in and go to the "Portfolio Watch" link, it will tell you what your overall blended expense ratio is. But it won't say, "you paid $27.32 in mutual fund expense ratios this year."
That's good enough for me. I don't need to know the actual amount that I lost to fees, since there's nothing I can do about it anyway. I do know what my portfolio blended expense ratio is ( ~0.15%) and I can compute what my annual expense ratio fees are (but not computed daily), but I don't feel the need to reconcile that with the actual amount of fees.
If I start from $1000, and I have $1,100 at he end of the year, and I had $5 taken in expenses, I don't necessarily need to know that. To me, the fund expense fees are just a cost of doing business. I know that Vanguard has the lowest.
Much like how the sunlight around 401(k) fee disclosure has contributed to better 401(k) plans (slightly), requiring investment companies to compute and report these fees to investors could be an interesting regulation. It's one thing to say a fund has a 1.18% expense ratio. Most people can't really process that. But if you say:
Beginning Balance: $10,000
Ending Balance: $10,800
Fund fees paid: $118
that might wake people up to what they're paying.
