VHGEX Fees and Costs — Vanguard Global Equity Fund, Investor Shares
Data updated: 2026-08-28
The net expense ratio is 0.38%: a 0.37% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.0M in broker commissions, 0.0261% of average net assets, and portfolio turnover was 36%.
VHGEX Fees and Expenses
Annual operating expenses and sales charges of VHGEX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.37% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.38% |
| Fee waiver | — |
| Net expense ratio | 0.38% |
| 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 |
VHGEX Costs Over Time
On $10,000 invested in VHGEX, assuming 5% a year before costs, total costs come to $257 over 5 years, cutting the return by 0.43% 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 0.38%) | $40 | $125 | $219 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $43 | $140 | $257 |
| Value after costs | $10,457 | $11,436 | $12,506 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
VHGEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0261%
- Total broker commissions: $2.0M
- Bought from dealers (principal trades, not a cost): $8.9B
- Portfolio turnover (prospectus): 36%
- Securities on loan, average value: $36.9M
- Net income from securities lending: $242K (0.003% of average net assets)
VHGEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| THE GOLDMAN SACHS GROUP, INC. | $211K | 16.38% |
| BANK OF AMERICA CORPORATION | $182K | 14.09% |
| MORGAN STANLEY | $172K | 13.38% |
| JPMORGAN CHASE & CO. | $160K | 12.44% |
| UBS GROUP AG | $105K | 8.16% |
| JEFFERIES FINANCIAL GROUP INC. | $103K | 7.96% |
| Societe Generale | $98K | 7.63% |
| Royal Bank of Canada | $96K | 7.44% |
| BNP PARIBAS | $82K | 6.35% |
| Nomura Holdings, Inc. | $79K | 6.17% |
VHGEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $8.8B | 98.86% |
| JPMORGAN CHASE & CO. | $100.3M | 1.13% |
| MORGAN STANLEY | $175K | 0.00% |
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.