Vanguard Tax-Managed Capital Appreciation Fund expenses

 examines the history of the fund's measurable expenses: the management fees and the commission ratio, which measures the cost of fund brokerage commission expense.

Transaction fee history

 * The fund imposed a 2.00% redemption fee on shares held less than one year from September 6, 1994 through September 13, 2005. This fee was rescinded on September 14, 2005.
 * The fund imposed a 1.00% redemption fee on funds held for at least one year but less than five years from September 6, 1994 through April 27, 2011. On April 28, 2011 this redemption fee was rescinded.