Hey t, maybe all the Vanguard fund managers put their money in CAIBX so they can keep things simple. ;)

I'm still going to index...no matter what the managers do..

BTW, I agree with RatonBob, in that their minimums are quite high. This is to keep expenses down, but I would like to see them cater more towards the beginner that will hopefully be a longtime customer. If I were in charge, I would reduce the minimums on only the more common funds like VTSMX, VBMFX, and VGTSX, i.e., from 3K to 1K, and keep the higher minimums on the other funds. The costs would rise a bit, but it would be more customer friendly. Same thing with transfer fees, i.e., that is to keep costs down and transactions at a minimum. I think these fees should stay because that puts an unnecessary burden on those who deal directly with the company.

Dan