Unify statutory expense ratios and secondary market trading spreads into an amortized real-world cost curve for every holding horizon.
The published expense ratio is only half of what an investor pays. Vantage models the exact mathematical breakeven period (H*) where low-cost funds overcome wider trading spreads.
A grounded list of the features and outputs the matching workspace surface delivers today. Each row below maps directly to the corresponding element of the live product — nothing is aspirational or invented.
Unifies statutory annual management fee with round-trip transaction costs: TCO(H) = Expense Ratio + (Spread / H).
Measures true secondary market liquidity using National Best Bid & Offer (NBBO) midpoint samples rather than static nominal spreads.
Solves for the exact holding duration in months where an ultra-low-fee fund amortizes wider secondary market entry and exit costs.
Audits index replication drift against benchmark NAV to account for cash drag, lending revenue offsets, and foreign dividend withholding taxes.
Clear tactical guidance: when high-liquidity funds (like SPY) beat ultra-low-cost alternatives (like VOO) for active vs compounding allocators.
A high-level description of how the capability goes from raw inputs to the outputs you see inside the workspace.
Vantage retrieves audited gross and net expense ratios from SEC Form 497K prospectuses and 30-day median NBBO spreads from exchange feeds.
Our quantitative engine plots effective annual drag across all horizons from 1 week to 10+ years using the True TCO formula.
Know precisely when to choose tight-spread liquidity for tactical execution versus low expense ratios for multi-year buy-and-hold compounding.
Illustrative examples showing the kind of labels and values the workspace surface produces. Numbers shown are placeholders, not live recommendations.
Example values shown above are illustrative. The workspace always displays real values where the underlying data source is available.
Unified real-world cost curve accounting for statutory fees and trading friction.
Core inputs for holding-period cost optimization.
All calculations updated continuously from verified SEC statutory observations.
This product provides information and research tools and does not provide personalized investment advice. Markets involve risk and losses are possible. You are responsible for your own investment decisions and the associated risk. Independently review any data, AI output, or rating before acting on it.
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