SIPC covers your brokerage account and against a brokerage collapse."SIPC coverage insures people for up to a limit of $500,000 in cash and securities per account." That means each fund is not treated as separate for who controls them.And in any event, you're not "paying Vanguard". Each mutual fund/ETF is it's own, standalone corporation -- an investment company as defined in the 1940 law. They're they ones that extract the ER.
It has nothing to do with mutual funds unless you hold some in your brokerage account - and then it is treated just like any other holding like a stock or US Treasury.
Statistics: Posted by alex_686 — Thu Feb 15, 2024 1:45 pm — Replies 60 — Views 5182