Vanguard Small Cap Index Fund expenses
Small Cap Index Fund |
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Vanguard Small Cap 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. The fund, initially beginning (10/03/1960 inception date) as the Naess & Thomas Small Growth Fund, was converted to a small cap index fund tracking the Russell 2000 index in September 1989.
Year | Investor ER | Admiral ER [note 2] |
ETF ER | Turnover | Fund CR% [note 3][note 4] |
Benchmark tracker [note 5] |
2019 | 0.17% | 0.05% | 0.05% | 16% | 0.004 | |
2018 | 0.17% | 0.05% | 0.05% | 15% | 0.003 | |
2017 | 0.17% | 0.05% | 0.05% | 15% | 0.004 | |
2016 | 0.18% | 0.06% | 0.06% | 14% | 0.004 | |
2015 | 0.20% | 0.08% | 0.07% | 11% | 0.004 | |
2014 | 0.23% | 0.09% | 0.09% | 10% | 0.003 | |
2013 | 0.24% | 0.09% | 0.09% | 29% | 0.012 | Transition |
2012 | 0.24% | 0.10% | 0.10% | 14% | 0.005 | |
2011 | 0.24% | 0.10% | 0.10% | 17% | 0.007 | |
2010 | 0.26% | 0.12% | 0.12% | 12% | 0.008 | |
2009 | 0.28% | 0.14% | 0.14% | 14% | 0.015 | |
2008 | 0.23% | 0.12% | 0.10% | 14% | 0.010 | |
2007 | 0.22% | 0.11% | 0.10% | 16% | 0.009 | |
2006 | 0.23% | 0.13% | 0.10% | 13% | 0.015 | |
2005 | 0.23% | 0.13% | 0.10% | 18% | 0.017 | |
2004 | 0.23% | 0.13% | 0.18% | 19% | 0.025 | |
2003 | 0.27% | 0.18% | 39% | 0.044 | Transition | |
2002 | 0.27% | 0.18% | 32% | 0.048 | ||
2001 | 0.27% | 0.20% | 39% | 0.039 | ||
2000 | 0.27% | 0.20% | 49% | 0.077 | ||
1999 | 0.25% | 42% | 0.079 | |||
1998 | 0.24% | 35% | ||||
1997 | 0.23% | 29% | ||||
1996 | 0.25% | 28% | ||||
1995 | 0.28% | 30% | ||||
1994 | 0.18% | 26% | ||||
1993 | 0.18% | 26% | ||||
1992 | 0.18% | 33% | ||||
1991 | 0.21% | 40% | ||||
1990 | 0.31% | 28% |
Transaction fee history
- From conversion (September 1989) through 1996, the fund imposed a 1.00% transaction fee on purchases.
- From 1997 through March 31, 2000, the fund imposed a 0.50% transaction fee on purchases.
Notes
- ↑ Chart:Expense ratio
(View Google Spreadsheet in browser, then File --> Download as to download the file.)
Note: If the spreadsheet is blank, select a different sheet, then back to that sheet. The image will be refreshed. - ↑ On October 6, 2010 Vanguard reduced the minimum requirements for Admiral Shares to $10,000. Vanguard lowers the cost of investing again
- ↑ 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
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- ↑ 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.
- ↑ The fund has tracked three indexes in its history:
- Russell 2000 Index through May 16, 2003.
- MSCI US Small Cap 1750 Index from May 17, 2003 through January 30, 2013.
- CRSP US Small Cap Index thereafter.