VCIEX Fees and Costs — International Equities Index Fund
Data updated: 2026-09-28
The net expense ratio is 0.39%: a 0.27% management fee plus 0.15% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $264K in broker commissions, 0.0128% of average net assets, and portfolio turnover was 29%.
VCIEX Fees and Expenses
Annual operating expenses and sales charges of VCIEX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.27% |
| 12b-1 fee | — |
| Other expenses | 0.15% |
| Gross expense ratio | 0.42% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.39% |
| 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 |
VCIEX Costs Over Time
On $10,000 invested in VCIEX, assuming 5% a year before costs, total costs come to $255 over 5 years, cutting the return by 0.42% 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 0.39%) | $41 | $129 | $224 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $139 | $255 |
| Value after costs | $10,458 | $11,437 | $12,508 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
VCIEX 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): 0.0128%
- Total broker commissions: $264K
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $113.4M
- Net income from securities lending: $225K (0.011% of average net assets)
VCIEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $56K | 23.26% |
| UBS Securities LLC | $26K | 10.99% |
| Barclays Capital Inc. | $26K | 10.66% |
| Jefferies LLC | $25K | 10.38% |
| Goldman Sachs & Co. LLC | $24K | 9.99% |
| Citigroup Global Markets Inc. | $23K | 9.68% |
| J.P. Morgan Securities LLC | $22K | 8.99% |
| Morgan Stanley & Co. LLC | $16K | 6.71% |
| HSBC Securities (USA) Inc. | $14K | 5.70% |
| Nomura Securities International, Inc. | $9K | 3.64% |
VCIEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.9B | 99.95% |
| HSBC Securities (USA) Inc. | $848K | 0.05% |
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.