Vanguard Extended Market Index Fund expenses

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Vanguard Extended Market Index Fund expenses examines the history of the fund's measurable expenses: the management fees[note 1] and the commission ratio, which measures the cost of fund brokerage commission expense.

Expense Ratios and Turnover [1]
Year Investor ER Admiral ER
[note 2]
ETF ER Turnover Fund CR%
[note 3]
Benchmark tracker
[note 4]
2016 0.20% 0.08% 0.08% 12% xxx S&P logo.png
2015 0.22% 0.09% 0.09% 6% 0.003 S&P logo.png
2014 0.23% 0.10% 0.10% 11% 0.003 S&P logo.png
2013 0.24% 0.10% 0.10% 11% 0.004 S&P logo.png
2012 0.24% 0.10% 0.10% 12% 0.005 S&P logo.png
2011 0.24% 0.10% 0.10% 14% 0.006 S&P logo.png
2010 0.26% 0.12% 0.12% 10% 0.008 S&P logo.png
2009 0.30% 0.13% 0.13% 17% 0.010 S&P logo.png
2008 0.25% 0.10% 0.08% 13% 0.024 S&P logo.png
2007 0.24% 0.09% 0.08% 14% 0.008 S&P logo.png
2006 0.25% 0.10% 0.08% 16% 0.013 S&P logo.png
2005 0.25% 0.10% 0.08% 27% 0.017 Transition
2004 0.25% 0.15% 0.20% 17% 0.014 Wilshirelogo.jpg
2003 0.26% 0.20% 0.20% 8% 0.017 Wilshirelogo.jpg
2002 0.26% 0.20% 0.20% 17% 0.018 Wilshirelogo.jpg
2001 0.25% 0.20% 0.20% 20% 0.017 Wilshirelogo.jpg
2000 0.25% 0.20% 33% 0.023 Wilshirelogo.jpg
1999 0.25% 26% 0.030 Wilshirelogo.jpg
1998 0.23% 27% Wilshirelogo.jpg
1997 0.23% 15% Wilshirelogo.jpg
1996 0.25% 22% Wilshirelogo.jpg
1995 0.25% 15% Wilshirelogo.jpg
1994 0.20% 19% Wilshirelogo.jpg
1993 0.20% 13% Wilshirelogo.jpg
1992 0.20% 9% Wilshirelogo.jpg
1991 0.19% 11% Wilshirelogo.jpg
1990 0.23% 9% Wilshirelogo.jpg
1989 0.23% 14% Wilshirelogo.jpg

Transaction fee history

  • From inception (December 21, 1987) through 1995, the fund imposed a 1.00% transaction fee on purchases.
  • From 1996 through 1997, the fund imposed a 0.50% transaction fee on purchases.
  • From 1998 through 1999, the fund imposed a 0.25% transaction fee on purchases.
  • From 2000 forward the fund imposed no transaction fees.

Notes

  1. Chart:Expense ratio

    google drive spreadsheet
  2. On October 6, 2010 Vanguard reduced the minimum requirements for Admiral Shares to $10,000. Vanguard lowers the cost of investing again
  3. The Fund CR (Commission Ratio) is derived by dividing the brokerage commissions paid by the fund into a fund's average net assets. Brokerage commission expense is the only transaction expense that can be quantified. Additional transaction costs, such as spread costs and market impact costs, must be estimated. See table for data, derived from annual reports and EDGAR NSAR filings:
    Passive table

    (View Google Spreadsheet in browser, then File --> Download as to download the file.)
  4. The fund has tracked two indexes in its history:
    • Dow Jones Wilshire 4500 Index through June 17, 2005; followed by the S&P Transitional Completion Index through September 16, 2005.
    • S&P Completion Index thereafter.

References