Vanguard Tax-Managed Capital Appreciation Fund expenses

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Vanguard Tax-Managed Capital Appreciation 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
[note 2]
Admiral ER Turnover Fund CR%
[note 3]
Benchmark tracker
[note 4]
2016 - 0.09% 8% xxx Russelllogo.jpgRussell 1000
2015 - 0.11% 10% 0.005 Russelllogo.jpgRussell 1000
2014 - 0.12% 6% 0.002 Russelllogo.jpgRussell 1000
2013 - 0.12% 4% 0.001 Russelllogo.jpgRussell 1000
2012 - 0.12% 3% 0.001 Russelllogo.jpgRussell 1000
2011 0.17% 0.12% 1% 0.001 Russelllogo.jpgRussell 1000
2010 0.20% 0.12% 7% 0.003 Russelllogo.jpgRussell 1000
2009 0.21% 0.15% 26% 0.006 Russelllogo.jpgRussell 1000
2008 0.16% 0.10% 8% 0.005 Russelllogo.jpgRussell 1000
2007 0.15% 0.09% 5% 0.002 Russelllogo.jpgRussell 1000
2006 0.15% 0.10% 5% 0.003 Russelllogo.jpgRussell 1000
2005 0.14% 0.10% 8% 0.005 Russelllogo.jpgRussell 1000
2004 0.14% 0.10% 5% 0.005 Russelllogo.jpgRussell 1000
2003 0.17% 0.11% 11% 0.004 Russelllogo.jpgRussell 1000
2002 0.17% 0.11% 10% 0.011 Russelllogo.jpgRussell 1000
2001 0.18% 0.14% 13% 0.005 Russelllogo.jpgRussell 1000
2000 0.19% 17% 0.005 Russelllogo.jpgRussell 1000
1999 0.19% 12% 0.011 Russelllogo.jpgRussell 1000
1998 0.19% 5% Russelllogo.jpgRussell 1000
1997 0.17% 4% Russelllogo.jpgRussell 1000
1996 0.20% 12% Russelllogo.jpgRussell 1000
1995 0.20% 7% Russelllogo.jpgRussell 1000
1994 0.20% 1% Russelllogo.jpgRussell 1000

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 This fee was rescinded on September 14, 2005.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 On April 28, 2011 this redemption fee was rescinded.

Notes

  1. Chart:Expense ratio

    google drive spreadsheet
  2. The fund renamed Investor Shares as Admiral Shares on May 13, 2011.
  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 tracks the Russell 1000 Index.

References