VGENX Fees and Costs — Vanguard Energy Fund, Investor Shares
Data updated: 2026-09-28
The net expense ratio is 0.45%: a 0.43% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $863K in broker commissions, 0.0144% of average net assets, and portfolio turnover was 23%.
VGENX Fees and Expenses
Annual operating expenses and sales charges of VGENX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.43% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.45% |
| Fee waiver | — |
| Net expense ratio | 0.45% |
| 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 |
VGENX Costs Over Time
On $10,000 invested in VGENX, assuming 5% a year before costs, total costs come to $294 over 5 years, cutting the return by 0.49% 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 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $49 | $161 | $294 |
| Value after costs | $10,451 | $11,416 | $12,469 |
| Impact on return, per year | 0.49% | 0.49% | 0.49% |
VGENX 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): 0.0144%
- Total broker commissions: $863K
- Bought from dealers (principal trades, not a cost): $11.1B
- Portfolio turnover (prospectus): 23%
- Securities on loan, average value: $11.2M
- Net income from securities lending: $56K (0.001% of average net assets)
VGENX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $160K | 24.07% |
| STIFEL FINANCIAL CORP. | $84K | 12.59% |
| BANK OF AMERICA CORPORATION | $79K | 11.98% |
| UBS GROUP AG | $61K | 9.24% |
| JPMORGAN CHASE & CO. | $60K | 9.03% |
| BARCLAYS PLC | $54K | 8.20% |
| THE BANK OF NEW YORK MELLON CORPORATION | $50K | 7.60% |
| THE GOLDMAN SACHS GROUP, INC. | $40K | 6.04% |
| Mizuho Financial Group, Inc. | $39K | 5.84% |
| JEFFERIES FINANCIAL GROUP INC. | $36K | 5.41% |
VGENX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Natwest Markets Securities Inc. | $10.2B | 92.61% |
| Vanguard Market Liquidity Fund | $768.5M | 6.95% |
| MORGAN STANLEY | $48.7M | 0.44% |
Vanguard Energy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VGELX | Admiral Shares | 0.37% | none |
| VGENX | Investor Shares | 0.45% | 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.