VGLSX Fees and Costs — Global Strategy Fund
Data updated: 2026-09-28
The net expense ratio is 0.63%: a 0.50% management fee plus 0.19% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $59K in broker commissions, 0.0251% of average net assets, and portfolio turnover was 55%.
VGLSX Fees and Expenses
Annual operating expenses and sales charges of VGLSX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.19% |
| Gross expense ratio | 0.69% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.63% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
VGLSX Costs Over Time
On $10,000 invested in VGLSX, assuming 5% a year before costs, total costs come to $413 over 5 years, cutting the return by 0.69% 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 0.63%) | $66 | $207 | $361 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $226 | $413 |
| Value after costs | $10,431 | $11,350 | $12,350 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
VGLSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0251%
- Total broker commissions: $59K
- Bought from dealers (principal trades, not a cost): $337.7M
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $4.8M
- Net income from securities lending: $17K (0.007% of average net assets)
VGLSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $20K | 34.49% |
| Citigroup Global Markets Inc. | $17K | 28.03% |
| J.P. Morgan Securities LLC | $7K | 12.18% |
| Morgan Stanley & Co. LLC | $6K | 10.05% |
| SG Americas Securities, LLC | $4K | 7.16% |
| UBS Securities LLC | $3K | 5.44% |
| BofA Securities, Inc. | $494 | 0.83% |
| BNY Capital Markets, LLC | $454 | 0.77% |
| Hanwha Investment & Securities Co., Ltd. | $398 | 0.67% |
| Optiver V.O.F. | $230 | 0.39% |
VGLSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $211.9M | 71.41% |
| BofA Securities, Inc. | $17.9M | 6.02% |
| J.P. Morgan Securities LLC | $17.2M | 5.80% |
| HSBC Securities (USA) Inc. | $11.1M | 3.74% |
| Nomura Securities International, Inc. | $8.5M | 2.87% |
| BMO Capital Markets Corp. | $7.9M | 2.66% |
| Goldman Sachs & Co. LLC | $6.9M | 2.32% |
| Barclays Capital Inc. | $6.2M | 2.09% |
| Morgan Stanley & Co. LLC | $4.7M | 1.59% |
| Citigroup Global Markets Inc. | $4.4M | 1.49% |
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.