VITNX Fees and Costs — Vanguard Institutional Total Stock Market Index Fund, Institutional Shares
Data updated: 2026-08-28
The net expense ratio is 0.03%: a 0.02% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $404K in broker commissions, 0.0014% of average net assets, and portfolio turnover was 5%.
VITNX Fees and Expenses
Annual operating expenses and sales charges of VITNX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.02% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.03% |
| Fee waiver | — |
| Net expense ratio | 0.03% |
| 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 |
VITNX Costs Over Time
On $10,000 invested in VITNX, assuming 5% a year before costs, total costs come to $20 over 5 years, cutting the return by 0.03% 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 0.03%) | $3 | $10 | $17 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $1 | $2 |
| Total costs | $3 | $11 | $20 |
| Value after costs | $10,497 | $11,565 | $12,743 |
| Impact on return, per year | 0.03% | 0.03% | 0.03% |
VITNX 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): 0.0014%
- Total broker commissions: $404K
- Bought from dealers (principal trades, not a cost): $2.4B
- Portfolio turnover (prospectus): 5%
- Securities on loan, average value: $17.7M
- Net income from securities lending: $2.4M (0.008% of average net assets)
VITNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP INC. | $112K | 28.93% |
| BARCLAYS PLC | $69K | 17.82% |
| JPMORGAN CHASE & CO. | $48K | 12.49% |
| Mizuho Financial Group, Inc. | $39K | 10.11% |
| BANK OF AMERICA CORPORATION | $35K | 9.00% |
| THE GOLDMAN SACHS GROUP, INC. | $31K | 8.06% |
| MORGAN STANLEY | $24K | 6.12% |
| VIRTU FINANCIAL, INC. | $17K | 4.31% |
| JonesTrading Institutional Services LLC | $7K | 1.73% |
| JEFFERIES FINANCIAL GROUP INC. | $6K | 1.43% |
VITNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $2.4B | 98.81% |
| THE GOLDMAN SACHS GROUP, INC. | $10.0M | 0.42% |
| JPMORGAN CHASE & CO. | $8.8M | 0.36% |
| MORGAN STANLEY | $3.5M | 0.14% |
| BANK OF AMERICA CORPORATION | $1.8M | 0.08% |
| CITIGROUP INC. | $1.5M | 0.06% |
| JEFFERIES FINANCIAL GROUP INC. | $1.3M | 0.05% |
| BARCLAYS PLC | $683K | 0.03% |
| UBS GROUP AG | $675K | 0.03% |
| Leerink Partners LLC | $386K | 0.02% |
Vanguard Institutional Total Stock Market 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 |
|---|---|---|---|
| VITPX | Institutional Plus Shares | 0.02% | none |
| VITNX | Institutional Shares | 0.03% | 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.