VMSGX Fees and Costs — Mid Cap Strategic Growth Fund
Data updated: 2026-09-28
The net expense ratio is 0.73%: a 0.63% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $576K in broker commissions, 0.0479% of average net assets, and portfolio turnover was 58%.
VMSGX Fees and Expenses
Annual operating expenses and sales charges of VMSGX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | — |
| Other expenses | 0.10% |
| Gross expense ratio | 0.73% |
| Fee waiver | — |
| Net expense ratio | 0.73% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
VMSGX Costs Over Time
On $10,000 invested in VMSGX, assuming 5% a year before costs, total costs come to $489 over 5 years, cutting the return by 0.82% 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 0.73%) | $77 | $240 | $417 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $82 | $268 | $489 |
| Value after costs | $10,418 | $11,308 | $12,274 |
| Impact on return, per year | 0.82% | 0.82% | 0.82% |
VMSGX 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): 0.0479%
- Total broker commissions: $576K
- Bought from dealers (principal trades, not a cost): $3.1B
- Portfolio turnover (prospectus): 58%
- Securities on loan, average value: $34.6M
- Net income from securities lending: $261K (0.022% of average net assets)
VMSGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Piper Sandler & Co. | $118K | 32.58% |
| RBC Capital Markets, LLC | $37K | 10.12% |
| Jefferies LLC | $31K | 8.50% |
| UBS Securities LLC | $29K | 7.93% |
| BofA Securities, Inc. | $28K | 7.76% |
| Morgan Stanley & Co. LLC | $25K | 6.98% |
| Wells Fargo Securities, LLC | $25K | 6.90% |
| Liquidnet, Inc. | $25K | 6.85% |
| KeyBanc Capital Markets Inc. | $23K | 6.34% |
| TD Securities (USA) LLC | $22K | 6.02% |
VMSGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $1.2B | 37.73% |
| Goldman Sachs & Co. LLC | $714.9M | 23.25% |
| BofA Securities, Inc. | $440.8M | 14.34% |
| J.P. Morgan Securities LLC | $321.0M | 10.44% |
| Wells Fargo Securities, LLC | $195.7M | 6.36% |
| RBC Capital Markets, LLC | $114.4M | 3.72% |
| Barclays Capital Inc. | $94.9M | 3.09% |
| MUFG Securities Americas Inc. | $30.1M | 0.98% |
| BNY Capital Markets, LLC | $1.8M | 0.06% |
| Piper Sandler & Co. | $1.1M | 0.03% |
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.