VGIVX Fees and Costs — Vanguard Emerging Markets Government Bond Index Fund, Institutional Shares
Data updated: 2026-09-28
The net expense ratio is 0.08%: a 0.07% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 27%.
VGIVX Fees and Expenses
Annual operating expenses and sales charges of VGIVX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.07% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.08% |
| Fee waiver | — |
| Net expense ratio | 0.08% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
VGIVX Costs Over Time
On $10,000 invested in VGIVX, assuming 5% a year before costs, total costs come to $51 over 5 years, cutting the return by 0.08% 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 0.08%) | $8 | $26 | $46 |
| Lost growth on money paid in costs | $0 | $1 | $5 |
| Total costs | $8 | $28 | $51 |
| Value after costs | $10,492 | $11,548 | $12,712 |
| Impact on return, per year | 0.08% | 0.08% | 0.08% |
VGIVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $4.2B
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
VGIVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $1.4B | 37.59% |
| THE GOLDMAN SACHS GROUP, INC. | $446.0M | 12.27% |
| JPMORGAN CHASE & CO. | $334.6M | 9.20% |
| BANK OF AMERICA CORPORATION | $318.9M | 8.77% |
| MORGAN STANLEY | $298.2M | 8.20% |
| BARCLAYS PLC | $291.7M | 8.02% |
| CITIGROUP INC. | $290.9M | 8.00% |
| HSBC HOLDINGS PLC | $116.1M | 3.19% |
| BNP PARIBAS | $88.4M | 2.43% |
| THE BANK OF NEW YORK MELLON CORPORATION | $84.3M | 2.32% |
Vanguard Emerging Markets Government Bond 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 |
|---|---|---|---|
| VGIVX | Institutional Shares | 0.08% | — |
| VWOB | ETF Shares | 0.15% | — |
| VGAVX | Admiral Shares | 0.20% | 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.