VCSTX Fees and Costs — Science & Technology Fund
Data updated: 2026-09-28
The net expense ratio is 0.91%: a 0.86% management fee plus 0.09% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $862K in broker commissions, 0.0273% of average net assets, and portfolio turnover was 45%.
VCSTX Fees and Expenses
Annual operating expenses and sales charges of VCSTX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.86% |
| 12b-1 fee | — |
| Other expenses | 0.09% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.91% |
| 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 |
VCSTX Costs Over Time
On $10,000 invested in VCSTX, assuming 5% a year before costs, total costs come to $587 over 5 years, cutting the return by 0.98% 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 0.91%) | $96 | $298 | $518 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $322 | $587 |
| Value after costs | $10,402 | $11,254 | $12,176 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
VCSTX 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): 0.0273%
- Total broker commissions: $862K
- Bought from dealers (principal trades, not a cost): $582.4M
- Portfolio turnover (prospectus): 45%
- Securities on loan, average value: $30.7M
- Net income from securities lending: $182K (0.006% of average net assets)
VCSTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $112K | 17.78% |
| BofA Securities, Inc. | $91K | 14.32% |
| Jefferies LLC | $81K | 12.80% |
| UBS Securities LLC | $81K | 12.75% |
| J.P. Morgan Securities LLC | $65K | 10.29% |
| Goldman Sachs & Co. LLC | $52K | 8.19% |
| Citigroup Global Markets Inc. | $44K | 6.89% |
| Piper Sandler & Co. | $42K | 6.68% |
| Guggenheim Securities, LLC | $38K | 5.95% |
| KB Securities Co., Ltd. | $27K | 4.34% |
VCSTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $568.7M | 97.64% |
| J.P. Morgan Securities LLC | $6.8M | 1.16% |
| Morgan Stanley & Co. LLC | $5.0M | 0.86% |
| Goldman Sachs & Co. LLC | $2.0M | 0.34% |
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.