VBPIX Fees and Costs — Vanguard Baillie Gifford Global Positive Impact Stock Fund, Investor Shares
Data updated: 2026-08-28
The net expense ratio is 0.59%: a 0.45% management fee plus 0.14% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $61K in broker commissions, 0.0248% of average net assets, and portfolio turnover was 32%.
VBPIX Fees and Expenses
Annual operating expenses and sales charges of VBPIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| 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 |
VBPIX Costs Over Time
On $10,000 invested in VBPIX, assuming 5% a year before costs, total costs come to $388 over 5 years, cutting the return by 0.65% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $65 | $212 | $388 |
| Value after costs | $10,435 | $11,364 | $12,375 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
VBPIX 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): 0.0248%
- Total broker commissions: $61K
- Bought from dealers (principal trades, not a cost): $196.1M
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
VBPIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES FINANCIAL GROUP INC. | $13K | 26.48% |
| THE GOLDMAN SACHS GROUP, INC. | $11K | 21.65% |
| JPMORGAN CHASE & CO. | $5K | 10.80% |
| MACQUARIE GROUP LIMITED | $5K | 9.07% |
| CITIGROUP INC. | $3K | 6.84% |
| SOCIETE GENERALE | $3K | 6.47% |
| BNP PARIBAS | $3K | 6.08% |
| Nomura Holdings, Inc. | $3K | 5.03% |
| MORGAN STANLEY | $2K | 4.08% |
| BANK OF AMERICA CORPORATION | $2K | 3.50% |
VBPIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $194.4M | 99.13% |
| JPMORGAN CHASE & CO. | $1.7M | 0.87% |
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.