VISTX Fees and Costs — Vanguard Institutional Short-Term Bond Fund, Institutional Plus Shares
Data updated: 2026-08-28
The net expense ratio is 0.02%. There are no sales loads or redemption fees. Portfolio turnover was 126%.
VISTX Fees and Expenses
Annual operating expenses and sales charges of VISTX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.02% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.02% |
| Fee waiver | — |
| Net expense ratio | 0.02% |
| 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 |
VISTX Costs Over Time
On $10,000 invested in VISTX, assuming 5% a year before costs, total costs come to $13 over 5 years, cutting the return by 0.02% 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 0.02%) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $0 | $1 |
| Total costs | $2 | $7 | $13 |
| Value after costs | $10,498 | $11,569 | $12,750 |
| Impact on return, per year | 0.02% | 0.02% | 0.02% |
VISTX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $24.0B
- Portfolio turnover (prospectus): 126%
- Securities lending: none during the year
VISTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $5.2B | 24.88% |
| MORGAN STANLEY | $3.6B | 17.25% |
| WELLS FARGO & COMPANY | $3.1B | 14.89% |
| CITADEL SECURITIES LP | $2.1B | 10.06% |
| JPMORGAN CHASE & CO. | $1.8B | 8.59% |
| BANK OF AMERICA CORPORATION | $1.2B | 5.59% |
| BARCLAYS PLC | $1.1B | 5.39% |
| CITIGROUP INC. | $1.0B | 4.86% |
| Bank of Montr??al | $986.0M | 4.76% |
| HSBC HOLDINGS PLC | $772.1M | 3.73% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.