VMIDX Fees and Costs — Mid Cap Index Fund
Data updated: 2026-09-28
The net expense ratio is 0.36%: a 0.27% management fee plus 0.10% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $117K in broker commissions, 0.0046% of average net assets, and portfolio turnover was 17%.
VMIDX Fees and Expenses
Annual operating expenses and sales charges of VMIDX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.27% |
| 12b-1 fee | — |
| Other expenses | 0.10% |
| Gross expense ratio | 0.37% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.36% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
VMIDX Costs Over Time
On $10,000 invested in VMIDX, assuming 5% a year before costs, total costs come to $231 over 5 years, cutting the return by 0.38% 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 0.36%) | $38 | $119 | $207 |
| Trading costs (broker commissions) | $0 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $38 | $126 | $231 |
| Value after costs | $10,462 | $11,450 | $12,532 |
| Impact on return, per year | 0.38% | 0.38% | 0.38% |
VMIDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0046%
- Total broker commissions: $117K
- Bought from dealers (principal trades, not a cost): $927.2M
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $78.6M
- Net income from securities lending: $178K (0.007% of average net assets)
VMIDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $26K | 27.34% |
| Goldman Sachs & Co. LLC | $13K | 13.56% |
| Mizuho Securities USA LLC | $11K | 11.59% |
| Morgan Stanley & Co. LLC | $10K | 10.47% |
| UBS Securities LLC | $8K | 8.80% |
| BofA Securities, Inc. | $6K | 6.56% |
| Jefferies LLC | $6K | 6.51% |
| Citigroup Global Markets Inc. | $6K | 5.80% |
| J.P. Morgan Securities LLC | $5K | 4.95% |
| Cantor Fitzgerald & Co. | $4K | 4.42% |
VMIDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $927.2M | 100.00% |
| BNP Paribas Securities Corp. | $128 | 0.00% |
| UBS Securities LLC | $96 | 0.00% |
| BofA Securities, Inc. | $61 | 0.00% |
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.