VLGSX Fees and Costs — Vanguard Long-Term Treasury Index Fund, Admiral Shares
Data updated: 2026-07-29
The net expense ratio is 0.06%: a 0.05% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 20%.
VLGSX Fees and Expenses
Annual operating expenses and sales charges of VLGSX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.06% |
| Fee waiver | — |
| Net expense ratio | 0.06% |
| 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 |
VLGSX Costs Over Time
On $10,000 invested in VLGSX, assuming 5% a year before costs, total costs come to $38 over 5 years, cutting the return by 0.06% 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 0.06%) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $1 | $3 |
| Total costs | $6 | $21 | $38 |
| Value after costs | $10,494 | $11,555 | $12,725 |
| Impact on return, per year | 0.06% | 0.06% | 0.06% |
VLGSX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $8.6B
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
VLGSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $2.2B | 31.21% |
| THE GOLDMAN SACHS GROUP, INC. | $1.1B | 15.77% |
| CITADEL SECURITIES LP | $624.0M | 8.71% |
| CITIGROUP INC. | $574.8M | 8.02% |
| JPMORGAN CHASE & CO. | $508.0M | 7.09% |
| BNP PARIBAS | $491.8M | 6.86% |
| DEUTSCHE BANK AKTIENGESELLSCHAFT | $451.2M | 6.30% |
| MarketAxess Corporation | $411.0M | 5.74% |
| MORGAN STANLEY | $378.4M | 5.28% |
| BANK OF AMERICA CORPORATION | $359.9M | 5.02% |
Vanguard Long-Term Treasury 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 |
|---|---|---|---|
| VGLT | ETF Shares | 0.03% | — |
| VLGIX | Institutional Shares | 0.03% | — |
| VLGSX | Admiral Shares | 0.06% | 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.