VAGVX Fees and Costs — Vanguard Advice Select Global Value Fund, Admiral Shares
Data updated: 2026-09-28
The net expense ratio is 0.42%: a 0.40% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $800K in broker commissions, 0.0565% of average net assets, and portfolio turnover was 68%.
VAGVX Fees and Expenses
Annual operating expenses and sales charges of VAGVX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.42% |
| Fee waiver | — |
| Net expense ratio | 0.42% |
| 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 |
VAGVX Costs Over Time
On $10,000 invested in VAGVX, assuming 5% a year before costs, total costs come to $301 over 5 years, cutting the return by 0.50% 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 0.42%) | $44 | $138 | $241 |
| Trading costs (broker commissions) | $6 | $19 | $32 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $50 | $165 | $301 |
| Value after costs | $10,450 | $11,412 | $12,462 |
| Impact on return, per year | 0.50% | 0.50% | 0.50% |
VAGVX 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): 0.0565%
- Total broker commissions: $800K
- Bought from dealers (principal trades, not a cost): $742.0M
- Portfolio turnover (prospectus): 68%
- Securities on loan, average value: $1.1M
- Net income from securities lending: $14K (0.001% of average net assets)
VAGVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE & CO. | $126K | 20.02% |
| MORGAN STANLEY | $98K | 15.45% |
| THE GOLDMAN SACHS GROUP, INC. | $90K | 14.22% |
| CITIGROUP INC. | $71K | 11.24% |
| BANK OF AMERICA CORPORATION | $59K | 9.31% |
| UBS GROUP AG | $57K | 9.06% |
| BARCLAYS PLC | $42K | 6.63% |
| JEFFERIES FINANCIAL GROUP INC. | $35K | 5.61% |
| MACQUARIE GROUP LIMITED | $31K | 4.94% |
| Royal Bank of Canada | $22K | 3.54% |
VAGVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $728.3M | 98.15% |
| JPMORGAN CHASE & CO. | $9.6M | 1.30% |
| BARCLAYS PLC | $4.0M | 0.54% |
| MORGAN STANLEY | $132K | 0.02% |
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.