VADGX Fees and Costs — Vanguard Advice Select Dividend Growth Fund, Admiral Shares
Data updated: 2026-09-28
The net expense ratio is 0.36%: a 0.34% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $86K in broker commissions, 0.0097% of average net assets, and portfolio turnover was 44%.
VADGX Fees and Expenses
Annual operating expenses and sales charges of VADGX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.34% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.36% |
| Fee waiver | — |
| Net expense ratio | 0.36% |
| 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 |
VADGX Costs Over Time
On $10,000 invested in VADGX, assuming 5% a year before costs, total costs come to $234 over 5 years, cutting the return by 0.39% 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 0.36%) | $38 | $119 | $207 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $39 | $128 | $234 |
| Value after costs | $10,461 | $11,448 | $12,529 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
VADGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0097%
- Total broker commissions: $86K
- Bought from dealers (principal trades, not a cost): $472.0M
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
VADGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $14K | 20.21% |
| THE GOLDMAN SACHS GROUP, INC. | $12K | 16.98% |
| JPMORGAN CHASE & CO. | $9K | 13.41% |
| BANK OF AMERICA CORPORATION | $9K | 13.40% |
| UBS GROUP AG | $9K | 12.28% |
| Piper Sandler & Co. | $5K | 6.67% |
| CITIGROUP INC. | $4K | 5.62% |
| Royal Bank of Canada | $3K | 4.53% |
| KeyBanc Capital Markets Inc. | $3K | 4.18% |
| WELLS FARGO & COMPANY | $2K | 2.73% |
VADGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $472.0M | 100.00% |
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.