VDIGX Fees and Costs — Vanguard Dividend Growth Fund, Investor Shares
Data updated: 2026-09-28
The net expense ratio is 0.20%: a 0.19% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $5.8M in broker commissions, 0.0128% of average net assets, and portfolio turnover was 40%.
VDIGX Fees and Expenses
Annual operating expenses and sales charges of VDIGX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
VDIGX Costs Over Time
On $10,000 invested in VDIGX, assuming 5% a year before costs, total costs come to $135 over 5 years, cutting the return by 0.22% 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 0.20%) | $21 | $66 | $116 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $22 | $74 | $135 |
| Value after costs | $10,478 | $11,503 | $12,628 |
| Impact on return, per year | 0.22% | 0.22% | 0.22% |
VDIGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0128%
- Total broker commissions: $5.8M
- Bought from dealers (principal trades, not a cost): $225.1B
- Portfolio turnover (prospectus): 40%
- Securities on loan, average value: $34K
- Net income from securities lending: $2K (0.000% of average net assets)
VDIGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP INC. | $1.0M | 21.33% |
| THE GOLDMAN SACHS GROUP, INC. | $790K | 16.63% |
| JPMORGAN CHASE & CO. | $732K | 15.41% |
| MORGAN STANLEY | $631K | 13.30% |
| BANK OF AMERICA CORPORATION | $360K | 7.59% |
| BARCLAYS PLC | $293K | 6.16% |
| Royal Bank of Canada | $279K | 5.87% |
| UBS GROUP AG | $267K | 5.63% |
| JEFFERIES FINANCIAL GROUP INC. | $265K | 5.57% |
| WELLS FARGO & COMPANY | $119K | 2.52% |
VDIGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Natixis Securities Americas LLC | $46.5B | 20.67% |
| BANK OF AMERICA CORPORATION | $39.6B | 17.60% |
| CREDIT AGRICOLE SA | $35.6B | 15.81% |
| Natwest Markets Securities Inc. | $29.6B | 13.16% |
| SOCIETE GENERALE | $28.1B | 12.48% |
| JPMORGAN CHASE & CO. | $26.4B | 11.75% |
| Nomura Securities International, Inc. | $19.2B | 8.53% |
| Vanguard Market Liquidity Fund | $16.6M | 0.01% |
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.