VIOO Fees and Costs — Vanguard S&P Small-Cap 600 Index Fund
Data updated: 2026-07-29
The net expense ratio is 0.07%: a 0.06% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $389K in broker commissions, 0.0084% of average net assets, and portfolio turnover was 22%.
VIOO Fees and Expenses
Annual operating expenses and sales charges of VIOO. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.06% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.07% |
| Fee waiver | — |
| Net expense ratio | 0.07% |
| 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 |
VIOO Costs Over Time
On $10,000 invested in VIOO, assuming 5% a year before costs, total costs come to $50 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 0.07%) | $7 | $23 | $41 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $1 | $5 |
| Total costs | $8 | $27 | $50 |
| Value after costs | $10,492 | $11,549 | $12,713 |
| Impact on return, per year | 0.08% | 0.08% | 0.08% |
VIOO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0084%
- Total broker commissions: $389K
- Bought from dealers (principal trades, not a cost): $441.4M
- Portfolio turnover (prospectus): 22%
- Securities on loan, average value: $34.4M
- Net income from securities lending: $600K (0.013% of average net assets)
VIOO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP INC. | $81K | 22.15% |
| BARCLAYS PLC | $77K | 21.21% |
| JPMORGAN CHASE & CO. | $52K | 14.19% |
| BANK OF AMERICA CORPORATION | $48K | 13.25% |
| MORGAN STANLEY | $43K | 11.84% |
| CITADEL SECURITIES LP | $24K | 6.46% |
| Mizuho Financial Group, Inc. | $13K | 3.66% |
| VIRTU FINANCIAL, INC. | $10K | 2.65% |
| THE GOLDMAN SACHS GROUP, INC. | $9K | 2.55% |
| JEFFERIES FINANCIAL GROUP INC. | $7K | 2.05% |
VIOO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $428.7M | 97.12% |
| JPMORGAN CHASE & CO. | $5.5M | 1.25% |
| WELLS FARGO & COMPANY | $2.5M | 0.56% |
| THE GOLDMAN SACHS GROUP, INC. | $1.7M | 0.39% |
| BANK OF AMERICA CORPORATION | $1.0M | 0.23% |
| Robert W. Baird & Co. Incorporated | $924K | 0.21% |
| UBS GROUP AG | $787K | 0.18% |
| MORGAN STANLEY | $239K | 0.05% |
| Mizuho Financial Group, Inc. | $827 | 0.00% |
Vanguard S&P Small-Cap 600 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 |
|---|---|---|---|
| VSMSX | Institutional Shares | 0.03% | none |
| VIOO | ETF Shares | 0.07% | — |
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.