Vanguard Total International Stock Index Fund expenses

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Vanguard Total International Stock 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
[note 2]
Admiral ER
[note 3]
ETF ER Turnover Fund CR
[note 4]
Benchmark tracker
[note 5]
2016 0.18% 0.11% 0.11% 3% xxx
FTSE Group logo.jpg
Global All Cap ex-US
2015 0.19% 0.12% 0.13% 3% 0.013
FTSE Group logo.jpg
Global All Cap ex-US
2014 0.22% 0.14% 0.14% 3% 0.008
FTSE Group logo.jpg
Global All Cap ex-US
2013 0.22% 0.14% 0.14% 5% 0.010
MSCI logo.jpg
ACWI ex-US
2012 0.22% 0.16% 0.16% 3% 0.010
MSCI logo.jpg
ACWI ex-US
2011 0.22% 0.18% 0.18% 3% 0.014
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ACWI ex US
2010 0.26% 6% 0.006
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EAFE+EM
2009 0.32% 12% 0.016
MSCI logo.jpg
EAFE+EM
2008 0.28% 15%
MSCI logo.jpg
EAFE+EM
2007 0.27% 2%
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EAFE+EM
2006 0.32% 2%
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Composite
2005 0.31% 3%
MSCI logo.jpg
Composite
2004 0.31% 3%
MSCI logo.jpg
Composite
2003 0.36% 2%
MSCI logo.jpg
Composite
2002 0.37% 5%
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Composite
2001 0.35% 2%
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Composite
2000 0.34% 3%
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Composite
1999 0.34% 1%
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Composite
1998 0.34% 2%
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Composite
1997 0.35% 0%
MSCI logo.jpg
Composite
1996 0.38% 0%
MSCI logo.jpg
Composite

Transaction fee history

  • 1.0% purchase fee in 1996.
  • 0.75% purchase fee from 1/1/1997 through 11/2/1997.
  • 0.50% purchase fee from 11/3/1997 through 3/31/2000.

Notes

  1. Chart:Expense ratio

    google drive spreadsheet
  2. Prior to October, 2008 the fund operated as a fund of funds, comprised of Vanguard's European, Pacific, and Emerging Markets stock indexes. The fund expense ratio was a weighted composite of the underlying funds expense ratios (see Acquired fund fees and expenses). In 2008 - 2009 the fund transitioned to directly owning its stock market investments. The fund added Admiral shares and an ETF share class in 2011.
  3. On October 6, 2010 Vanguard reduced the minimum requirements for Admiral Shares to $10,000. Vanguard lowers the cost of investing again
  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. The fund has tracked four benchmarks over its history:
    • Total International Composite Index through August 31, 2006.
    • MSCI EAFE + Emerging Markets Index through December 15, 2010.
    • MSCI ACWI ex USA IMI Index through June 2, 2013.
    • FTSE Global All Cap ex US Index thereafter.
      The Composite Index included the MSCI Europe Index, the MSCI Pacific Index, and the MSCI Emerging Markets Index. Prior to August 24, 2006, Vanguard used a custom MSCI Select Emerging Market Index for emerging market stocks.

References