VFTAX Fees and Costs — Vanguard FTSE Social Index Fund, Admiral Shares
Data updated: 2026-07-29
The net expense ratio is 0.11%: a 0.10% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $141K in broker commissions, 0.0006% of average net assets, and portfolio turnover was 7%.
VFTAX Fees and Expenses
Annual operating expenses and sales charges of VFTAX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.11% |
| Fee waiver | — |
| Net expense ratio | 0.11% |
| 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 |
VFTAX Costs Over Time
On $10,000 invested in VFTAX, assuming 5% a year before costs, total costs come to $70 over 5 years, cutting the return by 0.12% 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 0.11%) | $12 | $36 | $64 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $2 | $6 |
| Total costs | $12 | $38 | $70 |
| Value after costs | $10,488 | $11,538 | $12,692 |
| Impact on return, per year | 0.12% | 0.12% | 0.12% |
VFTAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0006%
- Total broker commissions: $141K
- Bought from dealers (principal trades, not a cost): $1.5B
- Portfolio turnover (prospectus): 7%
- Securities on loan, average value: $346K
- Net income from securities lending: $97K (0.000% of average net assets)
VFTAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP INC. | $29K | 21.94% |
| BARCLAYS PLC | $23K | 17.50% |
| CITADEL SECURITIES LP | $20K | 15.01% |
| Royal Bank of Canada | $14K | 10.88% |
| MORGAN STANLEY | $14K | 10.36% |
| THE GOLDMAN SACHS GROUP, INC. | $10K | 7.64% |
| JPMORGAN CHASE & CO. | $8K | 5.89% |
| Mizuho Financial Group, Inc. | $5K | 4.01% |
| BANK OF AMERICA CORPORATION | $5K | 3.82% |
| VIRTU FINANCIAL, INC. | $4K | 2.95% |
VFTAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $1.5B | 99.17% |
| MORGAN STANLEY | $4.2M | 0.28% |
| THE GOLDMAN SACHS GROUP, INC. | $4.2M | 0.28% |
| JPMORGAN CHASE & CO. | $3.7M | 0.25% |
| BARCLAYS PLC | $60K | 0.00% |
| BANK OF AMERICA CORPORATION | $56K | 0.00% |
| CITIGROUP INC. | $38K | 0.00% |
| Mizuho Financial Group, Inc. | $17K | 0.00% |
Vanguard FTSE Social Index Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VFTNX | Institutional Shares | 0.03% | none |
| VFTAX | Admiral Shares | 0.11% | 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.