VASVX Fees and Costs — Vanguard Selected Value Fund, Investor Shares
Data updated: 2026-09-28
The net expense ratio is 0.34%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.5M in broker commissions, 0.0390% of average net assets, and portfolio turnover was 28%.
VASVX Fees and Expenses
Annual operating expenses and sales charges of VASVX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.34% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.34% |
| Fee waiver | — |
| Net expense ratio | 0.34% |
| 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 |
VASVX Costs Over Time
On $10,000 invested in VASVX, assuming 5% a year before costs, total costs come to $240 over 5 years, cutting the return by 0.40% 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 0.34%) | $36 | $112 | $196 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $40 | $131 | $240 |
| Value after costs | $10,460 | $11,445 | $12,523 |
| Impact on return, per year | 0.40% | 0.40% | 0.40% |
VASVX 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): 0.0390%
- Total broker commissions: $2.5M
- Bought from dealers (principal trades, not a cost): $6.6B
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $13.0M
- Net income from securities lending: $178K (0.003% of average net assets)
VASVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ANOS CAPITAL LLC | $308K | 24.16% |
| JEFFERIES FINANCIAL GROUP INC. | $140K | 11.00% |
| Robert W. Baird & Co. Incorporated | $117K | 9.19% |
| BARCLAYS PLC | $117K | 9.16% |
| THE BANK OF NEW YORK MELLON CORPORATION | $108K | 8.45% |
| CITIGROUP INC. | $103K | 8.11% |
| THE GOLDMAN SACHS GROUP, INC. | $101K | 7.94% |
| JPMORGAN CHASE & CO. | $96K | 7.53% |
| MORGAN STANLEY | $94K | 7.36% |
| UBS GROUP AG | $91K | 7.12% |
VASVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $6.6B | 99.28% |
| JPMORGAN CHASE & CO. | $48.0M | 0.72% |
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.