VCNIX Fees and Costs — Nasdaq-100 Index Fund
Data updated: 2026-09-28
The net expense ratio is 0.42%: a 0.37% management fee plus 0.13% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $13K in broker commissions, 0.0011% of average net assets, and portfolio turnover was 11%.
VCNIX Fees and Expenses
Annual operating expenses and sales charges of VCNIX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.37% |
| 12b-1 fee | — |
| Other expenses | 0.13% |
| Gross expense ratio | 0.50% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.42% |
| 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 |
VCNIX Costs Over Time
On $10,000 invested in VCNIX, assuming 5% a year before costs, total costs come to $266 over 5 years, cutting the return by 0.44% 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 0.42%) | $44 | $138 | $242 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $44 | $146 | $266 |
| Value after costs | $10,456 | $11,431 | $12,496 |
| Impact on return, per year | 0.44% | 0.44% | 0.44% |
VCNIX 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): 0.0011%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $229.3M
- Portfolio turnover (prospectus): 11%
- Securities on loan, average value: $4.8M
- Net income from securities lending: $13K (0.001% of average net assets)
VCNIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $3K | 27.02% |
| BNP Paribas Securities Corp. | $2K | 19.17% |
| Goldman Sachs & Co. LLC | $1K | 12.34% |
| Citigroup Global Markets Inc. | $1K | 9.46% |
| Jefferies LLC | $741 | 6.44% |
| UBS Securities LLC | $722 | 6.29% |
| Cantor Fitzgerald & Co. | $630 | 5.48% |
| BNY Capital Markets, LLC | $627 | 5.45% |
| J.P. Morgan Securities LLC | $552 | 4.80% |
| RBC Capital Markets, LLC | $407 | 3.54% |
VCNIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $229.3M | 100.00% |
| Citigroup Global Markets Inc. | $2K | 0.00% |
| Morgan Stanley & Co. LLC | $895 | 0.00% |
| Goldman Sachs & Co. LLC | $756 | 0.00% |
| BofA Securities, Inc. | $594 | 0.00% |
| BNP Paribas Securities Corp. | $516 | 0.00% |
| J.P. Morgan Securities LLC | $382 | 0.00% |
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.