VCINX Fees and Costs — International Growth Fund
Data updated: 2026-09-28
The net expense ratio is 0.82%: a 0.94% management fee plus 0.14% other expenses, less a 0.26% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $62K in broker commissions, 0.0173% of average net assets, and portfolio turnover was 15%.
VCINX Fees and Expenses
Annual operating expenses and sales charges of VCINX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.94% |
| 12b-1 fee | — |
| Other expenses | 0.14% |
| Gross expense ratio | 1.08% |
| Fee waiver | −0.26% |
| Net expense ratio | 0.82% |
| 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 |
VCINX Costs Over Time
On $10,000 invested in VCINX, assuming 5% a year before costs, total costs come to $525 over 5 years, cutting the return by 0.88% 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 0.82%) | $86 | $269 | $467 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $88 | $288 | $525 |
| Value after costs | $10,412 | $11,288 | $12,237 |
| Impact on return, per year | 0.88% | 0.88% | 0.88% |
VCINX 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): 0.0173%
- Total broker commissions: $62K
- Bought from dealers (principal trades, not a cost): $2.3M
- Portfolio turnover (prospectus): 15%
- Securities on loan, average value: $12.4M
- Net income from securities lending: $41K (0.011% of average net assets)
VCINX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $11K | 20.46% |
| Goldman Sachs & Co. LLC | $8K | 14.84% |
| BofA Securities, Inc. | $7K | 14.15% |
| Citigroup Global Markets Inc. | $7K | 13.11% |
| BMO Capital Markets Corp. | $5K | 9.93% |
| RBC Capital Markets, LLC | $4K | 6.96% |
| SG Americas Securities, LLC | $3K | 5.97% |
| J.P. Morgan Securities LLC | $3K | 5.38% |
| Nomura Securities International, Inc. | $3K | 4.96% |
| Barclays Capital Inc. | $2K | 4.26% |
VCINX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Kotak Securities Limited | $2.3M | 100.00% |
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.