Vanguard REIT Index Fund expenses

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Vanguard REIT 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. Note that the fund's fiscal year (for annual report issuance) ends on January 31 of each year.

Expense Ratios and Turnover [1]
Year Investor ER Admiral ER
[note 2]
ETF ER Turnover Fund CR%
[note 3]
Benchmark tracker
[note 4]
2016 0.26% 0.12% 0.12% 7% 0.004
MSCI logo.jpg
US REIT
2015 0.26% 0.12% 0.12% 11% 0.004
MSCI logo.jpg
US REIT
2014 0.24% 0.10% 0.10% 11% 0.004
MSCI logo.jpg
US REIT
2013 0.24% 0.10% 0.10% 9% 0.005
MSCI logo.jpg
US REIT
2012 0.24% 0.10% 0.10% 10% 0.004
MSCI logo.jpg
US REIT
2011 0.26% 0.12% 0.12% 12% 0.007
MSCI logo.jpg
US REIT
2010 0.26% 0.13% 0.13% 16% 0.006
MSCI logo.jpg
US REIT
2009 0.21% 0.11% 0.11% 10% 0.012
MSCI logo.jpg
US REIT
2008 0.20% 0.10% 0.10% 13% 0.004
MSCI logo.jpg
US REIT(2% cash adjusted)
2007 0.20% 0.14% 0.12% 11% 0.008
MSCI logo.jpg
US REIT(2% cash adjusted)
2006 0.21% 0.14% 0.12% 17% 0.017
MSCI logo.jpg
US REIT(2% cash adjusted)
2005 0.21% 0.16% 0.18% 13% 0.015
MSCI logo.jpg
US REIT(2% cash adjusted)
2004 0.24% 0.18% 7% 0.020
MSCI logo.jpg
US REIT(2% cash adjusted)
2003 0.27% 0.21% 12% 0.031
=http://www.msci.com/products/indexes/country_and_regional/domestic_equity_indexes/reit/
US REIT(2% cash adjusted)
2002 0.28% 0.23% 10% 0.019
MSCI logo.jpg
US REIT(2% cash adjusted)
2001 0.33% 14% 0.024
MSCI logo.jpg
US REIT(2% cash adjusted)
2000 0.33% 12% 0.037
MSCI logo.jpg
US REIT(2% cash adjusted)
1999 0.26% 29% 0.057
MSCI logo.jpg
US REIT(2% cash adjusted)
1998 0.24% 2%
MSCI logo.jpg
US REIT(2% cash adjusted)
1997 0.36% 0%
MSCI logo.jpg
US REIT(2% cash adjusted)

Transaction fee history

  • The fund imposed a 1.00% redemption fee on shares held less than one year from inception (May 13, 1996) through May 2013, when this fee was rescinded.

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:
    • MSCI US REIT Index adjusted to include a 2% cash position (Lipper Money Market Average) through April 30, 2009;
    • MSCI US REIT Index thereafter.
  5. References