VGHCX Fees and Costs — Vanguard Health Care Fund, Investor Shares
Data updated: 2026-09-28
The net expense ratio is 0.33%: a 0.32% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $17.4M in broker commissions, 0.0461% of average net assets, and portfolio turnover was 47%.
VGHCX Fees and Expenses
Annual operating expenses and sales charges of VGHCX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.32% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.33% |
| Fee waiver | — |
| Net expense ratio | 0.33% |
| 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 |
VGHCX Costs Over Time
On $10,000 invested in VGHCX, assuming 5% a year before costs, total costs come to $238 over 5 years, cutting the return by 0.39% 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 0.33%) | $35 | $109 | $190 |
| Trading costs (broker commissions) | $5 | $15 | $27 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $39 | $130 | $238 |
| Value after costs | $10,461 | $11,446 | $12,525 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
VGHCX 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): 0.0461%
- Total broker commissions: $17.4M
- Bought from dealers (principal trades, not a cost): $230.9B
- Portfolio turnover (prospectus): 47%
- Securities on loan, average value: $43.0M
- Net income from securities lending: $1.3M (0.004% of average net assets)
VGHCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $2.4M | 17.51% |
| BTIG, LLC | $2.2M | 15.78% |
| CITIGROUP INC. | $1.6M | 11.42% |
| JPMORGAN CHASE & CO. | $1.5M | 11.23% |
| THE GOLDMAN SACHS GROUP, INC. | $1.5M | 11.06% |
| UBS GROUP AG | $1.3M | 9.69% |
| Royal Bank of Canada | $945K | 6.91% |
| BANK OF AMERICA CORPORATION | $900K | 6.57% |
| Cowen and Company, LLC | $717K | 5.24% |
| JEFFERIES FINANCIAL GROUP INC. | $627K | 4.59% |
VGHCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNP PARIBAS | $37.8B | 16.50% |
| BANK OF AMERICA CORPORATION | $35.0B | 15.29% |
| HSBC HOLDINGS PLC | $30.9B | 13.50% |
| Nomura Securities International, Inc. | $22.0B | 9.61% |
| Natixis Securities Americas LLC | $20.9B | 9.11% |
| THE BANK OF NOVA SCOTIA | $19.6B | 8.57% |
| BARCLAYS PLC | $18.9B | 8.26% |
| JPMORGAN CHASE & CO. | $17.6B | 7.71% |
| CREDIT AGRICOLE SA | $14.2B | 6.23% |
| Royal Bank of Canada | $11.9B | 5.22% |
Vanguard Health Care Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VGHAX | Admiral Shares | 0.27% | none |
| VGHCX | Investor Shares | 0.33% | 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.