000.00 5 Vanguard Market Liquidity Fund Name of Issuer RBS SECURITIES INC SOCIETE GENERALE ROYAL BANK OF SCOTLAND PLC (THE) ROYAL BANK OF SCOTLAND PLC CONNECTICUT ROYAL BANK OF SCOTLAND PLC CONNECTICUT SEATTLE MUNI LIGHT & PWR (WA) SOCIETE GENERALE (LONDON BRANCH) SOUTH CAROLINA TRANSPORTATION ...
I’m a bit confused about how Vanguard benefits from raising overall portfolio costs given their structure (client/fund owned). Are you saying that by increasing AUM in a particular fund they then could lower the cost of that fund making it even lower cost etc.? Couldn’t the same be sai...