VIOV Fees and Costs — Vanguard S&P Small-Cap 600 Value Index Fund
Data updated: 2026-07-29
The net expense ratio is 0.10%: a 0.08% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $127K in broker commissions, 0.0094% of average net assets, and portfolio turnover was 47%.
VIOV Fees and Expenses
Annual operating expenses and sales charges of VIOV. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.08% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.10% |
| Fee waiver | — |
| Net expense ratio | 0.10% |
| 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 |
VIOV Costs Over Time
On $10,000 invested in VIOV, assuming 5% a year before costs, total costs come to $70 over 5 years, cutting the return by 0.11% 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 0.10%) | $10 | $33 | $58 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $2 | $6 |
| Total costs | $11 | $38 | $70 |
| Value after costs | $10,489 | $11,538 | $12,693 |
| Impact on return, per year | 0.11% | 0.11% | 0.11% |
VIOV 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): 0.0094%
- Total broker commissions: $127K
- Bought from dealers (principal trades, not a cost): $155.2M
- Portfolio turnover (prospectus): 47%
- Securities on loan, average value: $11.5M
- Net income from securities lending: $296K (0.022% of average net assets)
VIOV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $31K | 25.75% |
| BARCLAYS PLC | $28K | 23.14% |
| CITIGROUP INC. | $21K | 17.77% |
| JPMORGAN CHASE & CO. | $14K | 11.50% |
| BANK OF AMERICA CORPORATION | $13K | 10.76% |
| VIRTU FINANCIAL, INC. | $4K | 3.02% |
| CITADEL SECURITIES LP | $3K | 2.43% |
| THE GOLDMAN SACHS GROUP, INC. | $3K | 2.40% |
| Mizuho Financial Group, Inc. | $2K | 1.79% |
| JEFFERIES FINANCIAL GROUP INC. | $2K | 1.43% |
VIOV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $152.0M | 97.93% |
| JPMORGAN CHASE & CO. | $1.3M | 0.85% |
| WELLS FARGO & COMPANY | $1.1M | 0.68% |
| THE GOLDMAN SACHS GROUP, INC. | $450K | 0.29% |
| Robert W. Baird & Co. Incorporated | $237K | 0.15% |
| MORGAN STANLEY | $148K | 0.10% |
| BANK OF AMERICA CORPORATION | $411 | 0.00% |
| JEFFERIES FINANCIAL GROUP INC. | $40 | 0.00% |
| Cowen and Company, LLC | $9 | 0.00% |
Vanguard S&P Small-Cap 600 Value 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 |
|---|---|---|---|
| VSMVX | Institutional Shares | 0.03% | none |
| VIOV | ETF Shares | 0.10% | — |
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.