VBILX Fees and Costs — Vanguard Intermediate-Term Bond Index Fund, Admiral Shares
Data updated: 2026-08-28
The net expense ratio is 0.06%: a 0.05% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 55%.
VBILX Fees and Expenses
Annual operating expenses and sales charges of VBILX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.06% |
| Fee waiver | — |
| Net expense ratio | 0.06% |
| 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 |
VBILX Costs Over Time
On $10,000 invested in VBILX, assuming 5% a year before costs, total costs come to $38 over 5 years, cutting the return by 0.06% 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 0.06%) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $1 | $3 |
| Total costs | $6 | $21 | $38 |
| Value after costs | $10,494 | $11,555 | $12,725 |
| Impact on return, per year | 0.06% | 0.06% | 0.06% |
VBILX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $58.3B
- Portfolio turnover (prospectus): 55%
- Securities lending: none during the year
VBILX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE GOLDMAN SACHS GROUP, INC. | $8.3B | 16.75% |
| JPMORGAN CHASE & CO. | $7.9B | 15.92% |
| Vanguard Market Liquidity Fund | $7.3B | 14.85% |
| CITADEL SECURITIES LP | $4.5B | 9.17% |
| MORGAN STANLEY | $4.2B | 8.52% |
| BANK OF AMERICA CORPORATION | $4.2B | 8.43% |
| BARCLAYS PLC | $3.8B | 7.77% |
| BNP PARIBAS | $3.7B | 7.42% |
| CITIGROUP INC. | $3.2B | 6.45% |
| WELLS FARGO & COMPANY | $2.3B | 4.70% |
Vanguard Intermediate-Term Bond Index Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VBIUX | Institutional Plus Shares | 0.02% | none |
| BIV | ETF Shares | 0.03% | — |
| VBIMX | Institutional Shares | 0.03% | none |
| VBILX | Admiral Shares | 0.06% | none |
| VBIIX | Investor Shares | 0.15% | none |
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.