VCSLX Fees and Costs — Small Cap Index Fund
Data updated: 2026-09-28
The net expense ratio is 0.36%: a 0.29% management fee plus 0.13% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $230K in broker commissions, 0.0200% of average net assets, and portfolio turnover was 26%.
VCSLX Fees and Expenses
Annual operating expenses and sales charges of VCSLX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | — |
| Other expenses | 0.13% |
| Gross expense ratio | 0.42% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.36% |
| 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 |
VCSLX Costs Over Time
On $10,000 invested in VCSLX, assuming 5% a year before costs, total costs come to $241 over 5 years, cutting the return by 0.40% 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 0.36%) | $38 | $119 | $207 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $40 | $131 | $241 |
| Value after costs | $10,460 | $11,445 | $12,522 |
| Impact on return, per year | 0.40% | 0.40% | 0.40% |
VCSLX 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): 0.0200%
- Total broker commissions: $230K
- Bought from dealers (principal trades, not a cost): $715.9M
- Portfolio turnover (prospectus): 26%
- Securities on loan, average value: $99.7M
- Net income from securities lending: $746K (0.065% of average net assets)
VCSLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $36K | 19.03% |
| Goldman Sachs & Co. LLC | $26K | 13.83% |
| Jefferies LLC | $26K | 13.62% |
| BofA Securities, Inc. | $25K | 13.00% |
| Citigroup Global Markets Inc. | $21K | 11.05% |
| J.P. Morgan Securities LLC | $14K | 7.39% |
| BNY Capital Markets, LLC | $12K | 6.25% |
| Morgan Stanley & Co. LLC | $11K | 6.03% |
| OPPENHEIMER & CO. INC. | $10K | 5.42% |
| Barclays Capital Inc. | $8K | 4.38% |
VCSLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $710.7M | 100.00% |
| Morgan Stanley & Co. LLC | $474 | 0.00% |
| BNP Paribas Securities Corp. | $335 | 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.