I have significant expore to PEOPX, which is the bny Dreyfuss S&P 500 fund. The expense ratio is ridiculous (.5%)and the cap gains distributions are high. Makes no sense to buy this over a lower cost s&p fund. But since I'm already heavily invested, the dilemma is that selling to enter a cheaper fund means significant capital gains as I've owned and reinvested gains since 2009. Any advice on how to optimally reduce this fund? Tax loss harvesting aside (bc fortunately/unfortunately there haven't been many losses to offset the last few years) I'm thinking to calculate the savings in expenses of a cheaper fund and then sell the amount that produces a cap gains tax equivalent to the aforementioned savings.
Thoughts?