Vanguard Small Cap Value Index Fund expenses

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Vanguard Small Cap Value 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][note 4]
Benchmark tracker
[note 5]
2016 0.19% 0.07% 0.07 18% xxx CRSP Indexes logo.png
2015 0.20% 0.08% 0.08 16% 0.004 CRSP Indexes logo.png
2014 0.23% 0.09% 0.09% 12% 0.003 CRSP Indexes logo.png
2013 0.24% 0.09% 0.09% 47% 0.013 Transition
2012 0.24% 0.10% 0.10% 25% 0.005 MSCI logo.jpg
2011 0.24% 0.10% 0.10% 30% 0.007 MSCI logo.jpg
2010 0.26% 0.12% 25% 0.012 MSCI logo.jpg
2009 0.28% 0.14% 33% 0.019 MSCI logo.jpg
2008 0.23% 0.11% 30% 0.015 MSCI logo.jpg
2007 0.22% 0.11% 34% 0.013 MSCI logo.jpg
2006 0.23% 0.12% 25% 0.013 MSCI logo.jpg
2005 0.23% 0.12% 28% 0.020 MSCI logo.jpg
2004 0.23% 0.22% 30% 0.024 MSCI logo.jpg
2003 0.27% 109% 0.079 Transition
2002 0.27% 57% 0.071 S&P logo.png
2001 0.27% 59% 0.085 S&P logo.png
2000 0.27% 82% 0.071 S&P logo.png
1999 0.25% 80% 0.101 S&P logo.png
1998 0.25% 53% S&P logo.png

Transaction fee history

  • From inception (April 20, 1998) through February 28, 1999, the fund imposed a 1.00% transaction fee on purchases.
  • From March 1, 1999 through March 31, 2000, the fund imposed a 0.50% transaction fee on purchases.

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. 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.
  5. The fund has used three indexes in its history:
    • S&P 600 Small Value Index from 1998 through May 16, 2003.
    • Small Value Index from May 17, 2003 through April 16, 2013.
    • CRSP Small Value Index thereafter.

References