C000007886 Fees and Costs — Vanguard U.s. Value Fund, Investor Shares
Data updated: 2021-03-01
The net expense ratio is 0.22%: a 0.20% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $166K in broker commissions, 0.0138% of average net assets, and portfolio turnover was 54%.
C000007886 Fees and Expenses
Annual operating expenses and sales charges of C000007886. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.22% |
| Fee waiver | — |
| Net expense ratio | 0.22% |
| 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 |
C000007886 Costs Over Time
On $10,000 invested in C000007886, assuming 5% a year before costs, total costs come to $149 over 5 years, cutting the return by 0.25% 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 0.22%) | $23 | $73 | $127 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $25 | $81 | $149 |
| Value after costs | $10,475 | $11,495 | $12,614 |
| Impact on return, per year | 0.25% | 0.25% | 0.25% |
C000007886 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0138%
- Total broker commissions: $166K
- Bought from dealers (principal trades, not a cost): $737.6M
- Portfolio turnover (prospectus): 54%
- Securities on loan, average value: $10.1M
- Net income from securities lending: $677K (0.056% of average net assets)
C000007886 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $88K | 53.77% |
| Goldman Sachs & Co. LLC | $39K | 23.84% |
| JP MORGAN SECURITIES PLC | $14K | 8.64% |
| Morgan Stanley & Co. LLC | $7K | 4.04% |
| Yunnan Energy Investment Co. Ltd. | $5K | 2.85% |
| Instinet, LLC | $4K | 2.30% |
| Sanford C. Bernstein & Co., LLC | $3K | 1.58% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $2K | 1.47% |
| National Financial Services LLC | $2K | 0.94% |
| RBC CAPITAL MARKETS LLC | $936 | 0.57% |
C000007886 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VANGUARD MARKET LIQUIDITY FUND | $564.5M | 76.53% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $63.7M | 8.64% |
| Morgan Stanley & Co. LLC | $52.6M | 7.13% |
| VANGUARD U.S. GROWTH FUND | $33.5M | 4.55% |
| VANGUARD EQUITY INCOME FUND | $20.1M | 2.72% |
| Nomura Securities International, Inc. | $1.4M | 0.20% |
| Whitehall Street Real Estate Limited Partnership III | $1.0M | 0.14% |
| DEUTCHE BANC FIXED INCOME | $600K | 0.08% |
| THE MACERICH COMPANY | $66K | 0.01% |
| Gaming and Leisure Properties Inc | $45K | 0.01% |
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.