VFIIX Fees and Costs — Vanguard GNMA Fund, Investor Shares
Data updated: 2026-09-28
The net expense ratio is 0.21%: a 0.20% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 415%.
VFIIX Fees and Expenses
Annual operating expenses and sales charges of VFIIX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.21% |
| Fee waiver | — |
| Net expense ratio | 0.21% |
| 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 |
VFIIX Costs Over Time
On $10,000 invested in VFIIX, assuming 5% a year before costs, total costs come to $133 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 0.21%) | $22 | $69 | $121 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $22 | $73 | $133 |
| Value after costs | $10,478 | $11,503 | $12,629 |
| Impact on return, per year | 0.22% | 0.22% | 0.22% |
VFIIX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $169.5B
- Portfolio turnover (prospectus): 415%
- Securities lending: none during the year
VFIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $25.3B | 17.10% |
| CITIGROUP INC. | $21.3B | 14.43% |
| JPMORGAN CHASE & CO. | $20.6B | 13.94% |
| BARCLAYS PLC | $16.6B | 11.25% |
| MORGAN STANLEY | $13.9B | 9.40% |
| WELLS FARGO & COMPANY | $13.5B | 9.13% |
| THE GOLDMAN SACHS GROUP, INC. | $13.4B | 9.10% |
| HSBC HOLDINGS PLC | $11.4B | 7.69% |
| Natixis Securities Americas LLC | $6.2B | 4.19% |
| THE BANK OF NOVA SCOTIA | $5.6B | 3.77% |
Vanguard GNMA Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VFIJX | Admiral Shares | 0.11% | none |
| VFIIX | Investor Shares | 0.21% | none |
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.