Vanguard Tax-Managed Small Cap Fund expenses

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Vanguard Tax-Managed Small Cap 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 Admiral ER
[note 2]
Turnover Fund CR%
[note 3]
Benchmark tracker
[note 4]
2016 0.09% 45% xxx S&P logo.png
2015 0.11% 33% 0.021 S&P logo.png
2014 0.12% 40% 0.004 S&P logo.png
2013 0.12% 31% 0.009 S&P logo.png
2012 0.12% 42% 0.013 S&P logo.png
2011 0.12% 40% 0.013 S&P logo.png
2010 0.18% 40% 0.015 S&P logo.png
2009 0.19% 37% 0.018 S&P logo.png
2008 0.14% 32% 0.022 S&P logo.png
2007 0.13% 53% 0.038 S&P logo.png
2006 0.14% 42% 0.042 S&P logo.png
2005 0.14% 20% 0.020 S&P logo.png
2004 0.14% 19% 0.018 S&P logo.png
2003 0.17% 21% 0.026 S&P logo.png
2002 0.17% 21% 0.038 S&P logo.png
2001 0.20% 25% 0.048 S&P logo.png
2000 0.20% 64% 0.042 S&P logo.png
1999 0.19% 27% 0.102 S&P logo.png

Transaction fee history

  • The fund imposed a 1.00% purchase fee from March 25, 1999 through March 31, 2000.
  • The fund imposed an 0.50% purchase fee from April 1, 2000 through March 31, 2002.
  • The fund imposed a 2.00% redemption fee on shares held less than one year from March 25, 1999 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 This fee was rescinded on September 14, 2005.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 March 25, 1999 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 On April 28, 2011 this redemption fee was rescinded.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 S&P 600 Small Cap Index .

References