VCTPX Fees and Costs — Inflation Protected Fund
Data updated: 2026-09-28
The net expense ratio is 0.53%: a 0.48% management fee plus 0.14% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $21K in broker commissions, 0.0052% of average net assets, and portfolio turnover was 45%.
VCTPX Fees and Expenses
Annual operating expenses and sales charges of VCTPX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | — |
| Other expenses | 0.14% |
| Gross expense ratio | 0.62% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.53% |
| 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 |
VCTPX Costs Over Time
On $10,000 invested in VCTPX, assuming 5% a year before costs, total costs come to $338 over 5 years, cutting the return by 0.56% 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 0.53%) | $56 | $174 | $304 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $185 | $338 |
| Value after costs | $10,444 | $11,391 | $12,425 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
VCTPX 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): 0.0052%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $2.4B
- Portfolio turnover (prospectus): 45%
- Securities on loan, average value: $759K
- Net income from securities lending: $2K (0.001% of average net assets)
VCTPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $21K | 100.00% |
VCTPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.3B | 58.03% |
| J.P. Morgan Securities LLC | $347.0M | 15.13% |
| Citigroup Global Markets Inc. | $189.9M | 8.27% |
| Goldman Sachs & Co. LLC | $155.7M | 6.79% |
| Morgan Stanley & Co. LLC | $131.9M | 5.75% |
| Nomura Securities International, Inc. | $55.4M | 2.41% |
| Citadel Securities LLC | $34.5M | 1.50% |
| BMO Capital Markets Corp. | $18.2M | 0.79% |
| BofA Securities, Inc. | $15.9M | 0.69% |
| Jefferies LLC | $14.6M | 0.64% |
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.