C000007074 Fees and Costs — Vanguard Target Retirement 2015 Fund, Investor Shares
Data updated: 2022-08-29
The net expense ratio is 0.12%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $22K in broker commissions, 0.0002% of average net assets, and portfolio turnover was 4%.
C000007074 Fees and Expenses
Annual operating expenses and sales charges of C000007074. Prospectus, as of January 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.12% |
| Fee waiver | — |
| Net expense ratio | 0.12% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000007074 Costs Over Time
On $10,000 invested in C000007074, assuming 5% a year before costs, total costs come to $77 over 5 years, cutting the return by 0.13% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.12%) | $13 | $40 | $69 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $2 | $7 |
| Total costs | $13 | $42 | $77 |
| Value after costs | $10,487 | $11,535 | $12,686 |
| Impact on return, per year | 0.13% | 0.13% | 0.13% |
C000007074 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0002%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $5.6B
- Portfolio turnover (prospectus): 4%
- Securities lending: none during the year
C000007074 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $10K | 43.98% |
| Morgan Stanley & Co. LLC | $7K | 31.41% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $5K | 24.61% |
C000007074 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $2.1B | 37.52% |
| Vanguard Total Stock Market Index Fund | $1.0B | 18.08% |
| Vanguard Total Bond Market II Index Fund | $703.0M | 12.53% |
| Vanguard Total International Stock Index Fund | $522.1M | 9.30% |
| BofA Securities, Inc. | $406.6M | 7.25% |
| Vanguard Short-Term Inflation-Protected Securities Index Fund | $344.7M | 6.14% |
| Vanguard Total International Bond Index Fund | $312.0M | 5.56% |
| Morgan Stanley & Co. LLC | $183.4M | 3.27% |
| Vanguard Total International Bond II Index Fund | $20.0M | 0.36% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.