VISGX Fees and Costs — Vanguard Small-Cap Growth Index Fund, Investor Shares
Data updated: 2026-08-28
The net expense ratio is 0.19%: a 0.18% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3.3M in broker commissions, 0.0089% of average net assets, and portfolio turnover was 24%.
VISGX Fees and Expenses
Annual operating expenses and sales charges of VISGX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.19% |
| Fee waiver | — |
| Net expense ratio | 0.19% |
| 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 |
VISGX Costs Over Time
On $10,000 invested in VISGX, assuming 5% a year before costs, total costs come to $126 over 5 years, cutting the return by 0.21% 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 0.19%) | $20 | $63 | $110 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $69 | $126 |
| Value after costs | $10,479 | $11,507 | $12,636 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
VISGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0089%
- Total broker commissions: $3.3M
- Bought from dealers (principal trades, not a cost): $3.0B
- Portfolio turnover (prospectus): 24%
- Securities on loan, average value: $496.9M
- Net income from securities lending: $14.9M (0.040% of average net assets)
VISGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP INC. | $533K | 17.45% |
| Mizuho Financial Group, Inc. | $484K | 15.85% |
| MORGAN STANLEY | $436K | 14.27% |
| CITADEL SECURITIES LP | $358K | 11.72% |
| BARCLAYS PLC | $343K | 11.25% |
| THE GOLDMAN SACHS GROUP, INC. | $282K | 9.23% |
| BANK OF AMERICA CORPORATION | $195K | 6.37% |
| JPMORGAN CHASE & CO. | $156K | 5.11% |
| Royal Bank of Canada | $134K | 4.38% |
| VIRTU FINANCIAL, INC. | $133K | 4.35% |
VISGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $2.7B | 90.11% |
| THE GOLDMAN SACHS GROUP, INC. | $104.8M | 3.44% |
| JPMORGAN CHASE & CO. | $93.2M | 3.06% |
| MORGAN STANLEY | $32.0M | 1.05% |
| BANK OF AMERICA CORPORATION | $26.1M | 0.86% |
| CITIGROUP INC. | $20.4M | 0.67% |
| JEFFERIES FINANCIAL GROUP INC. | $11.1M | 0.37% |
| BARCLAYS PLC | $6.3M | 0.21% |
| Robert W. Baird & Co. Incorporated | $3.8M | 0.12% |
| UBS GROUP AG | $3.2M | 0.11% |
Vanguard Small-Cap Growth 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 |
|---|---|---|---|
| VBK | ETF Shares | 0.05% | — |
| VSGIX | Institutional Shares | 0.05% | none |
| VSGAX | Admiral Shares | 0.07% | none |
| VISGX | Investor Shares | 0.19% | 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.