VCBDX Fees and Costs — Core Bond Fund
Data updated: 2026-09-28
The net expense ratio is 0.48%: a 0.41% management fee plus 0.10% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $24K in broker commissions, 0.0009% of average net assets, and portfolio turnover was 30%.
VCBDX Fees and Expenses
Annual operating expenses and sales charges of VCBDX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.41% |
| 12b-1 fee | — |
| Other expenses | 0.10% |
| Gross expense ratio | 0.51% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.48% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
VCBDX Costs Over Time
On $10,000 invested in VCBDX, assuming 5% a year before costs, total costs come to $304 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 0.48%) | $50 | $158 | $276 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $50 | $166 | $304 |
| Value after costs | $10,450 | $11,410 | $12,459 |
| Impact on return, per year | 0.50% | 0.50% | 0.50% |
VCBDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0009%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $2.7B
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $20.9M
- Net income from securities lending: $119K (0.004% of average net assets)
VCBDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $24K | 100.00% |
VCBDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.3B | 55.61% |
| BofA Securities, Inc. | $171.7M | 7.62% |
| Citigroup Global Markets Inc. | $148.2M | 6.58% |
| Goldman Sachs & Co. LLC | $131.6M | 5.84% |
| Citadel Securities LLC | $130.1M | 5.77% |
| J.P. Morgan Securities LLC | $108.2M | 4.80% |
| Morgan Stanley & Co. LLC | $97.1M | 4.31% |
| Deutsche Bank Securities Inc. | $84.4M | 3.74% |
| Barclays Capital Inc. | $67.3M | 2.98% |
| Wells Fargo Securities, LLC | $61.9M | 2.75% |
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.