Vanguard Mid Cap Index Fund expenses

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Vanguard Mid Cap 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
[note 3]
Fund CR%
[note 4][note 5]
Benchmark tracker
[note 6]
2016 0.18% 0.06% 0.06% 15% xxx CRSP Indexes logo.png
2015 0.20% 0.08% 0.08% 15% 0.002 CRSP Indexes logo.png
2014 0.23% 0.09% 0.09% 11% 0.002 CRSP Indexes logo.png
2013 0.24% 0.09% 0.09% 32% 0.006 Transition
2012 0.24% 0.10% 0.10% 17% 0.003 MSCI logo.jpg
2011 0.24% 0.10% 0.10% 22% 0.004 MSCI logo.jpg
2010 0.26% 0.12% 0.12% 16% 0.006 MSCI logo.jpg
2009 0.27% 0.14% 0.14% 21% 0.001 MSCI logo.jpg
2008 0.22% 0.11% 0.12% 24% 0.006 MSCI logo.jpg
2007 0.21% 0.10% 0.13% 19% 0.006 MSCI logo.jpg
2006 0.22% 0.13% 0.13% 18% 0.009 MSCI logo.jpg
2005 0.22% 0.13% 0.13% 18% 0.012 MSCI logo.jpg
2004 0.22% 0.13% 0.18% 16% 0.013 MSCI logo.jpg
2003 0.26% 0.18% 73% 0.004 Transition
2002 0.26% 0.18% 18% 0.019 S&P logo.png
2001 0.25% 0.18% 24% 0.026 S&P logo.png
2000 0.25% 0.20% 51% 0.034 S&P logo.png
1999 0.25% 38% 0.049 S&P logo.png
1998 0.25% 44% S&P logo.png

Transaction fee history

  • The fund imposed an 0.25% transaction fee on purchases from inception (May 21, 1998) through February 28, 1999.

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 higher than average turnover in 2003 was due to a change in the fund's tracking index.
  4. 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.)
  5. From the 2013 SAI: Portfolio rebalancing in response to the benchmark index change for the Fund resulted in an increase in brokerage commissions for the Fund during the fiscal year ended December 31, 2013.
  6. The fund has used three indexes in its history:
    • S&P Mid Cap Index from May 21, 1998 through May 16, 2003.
    • MSCI US Mid Cap 450 Index from May 17, 2003 through January 30, 2013.
    • CRSP US Mid Cap Index thereafter.

References