Investing
I've been looking at the new Vanguard Portfolio ETFs (VEQT, VGRO, VBAL, VCNS, VCIP).
Why are they cheaper than their underlying parts?
For example, as of today (March 22, 2020), here's the allocation and price breakdown of VEQT:
Ticker
Name
Allocation
Price
VUN
Vanguard US Total...