If one factors in dividend taxes and a fee of 0.15 percent — which is triple Vanguard's actual fee for an exchange - traded S&P 500 fund — the total only falls to $ 2.3 billion. (vox.com)
More to the point, Dēmos» implied premise, that there is a meaningful true return to a mutual fund with actual fees and transaction costs added back in, is nonsense. (badmoneyadvice.com)