I've seen this occur numerous times in my IRAs. In the transaction section of my Fidelity IRA, it shows a line item
Reinvestment XXX with a dollar amount. Clicking the details will display the reinvested shares and the price.
However the amount Fidelity shows does not match what I compute using my calculator.
A specific example:
10/01/2015 REINVESTMENT ISHARES CORE S&P SMALL-CAP ETF (IJR) (Cash) Symbol IJR Description ISHARES CORE S&P SMALL-CAP ETF Shares + 0.298 Price 106.0916 Amount -$31.59
When I do
.298 * 106.0916 = 31.6152968
As negligible as it is - where does the other .025xx cents go? Is it an implied fee to Fidelity? If so, why is it not reasonably disclosed? Could it just be a rounding issue?
I know it's only two cents - but it's two cents per quarter for-almost-ever and my OCD doesn't like the numbers to not match.
A similar transaction can be noted in Vanguard - so it's not just Fidelity. My wife's 403(b) invests $200 per paycheck (monthly) - and the Vanguard
transaction history shows:
10/23/2015 500 Index Fund Inv Buy 1.044 $191.64 $200.00
Again, by my calculator - 1.044 * 191.64 = $200.07216