VONV Fees and Costs — Vanguard Russell 1000 Value Index Fund
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. In fiscal 2025 the fund paid $72K in broker commissions, 0.0006% of average net assets, and portfolio turnover was 17%.
VONV Fees and Expenses
Annual operating expenses and sales charges of VONV. Prospectus, as of February 2, 2026.
| 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 | — |
| 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 |
VONV Costs Over Time
On $10,000 invested in VONV, assuming 5% a year before costs, total costs come to $39 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 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $1 | $4 |
| Total costs | $6 | $21 | $39 |
| Value after costs | $10,494 | $11,555 | $12,724 |
| Impact on return, per year | 0.06% | 0.06% | 0.06% |
VONV 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): 0.0006%
- Total broker commissions: $72K
- Bought from dealers (principal trades, not a cost): $2.6B
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $3.9M
- Net income from securities lending: $185K (0.001% of average net assets)
VONV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS PLC | $22K | 32.17% |
| CITIGROUP INC. | $10K | 13.92% |
| JPMORGAN CHASE & CO. | $8K | 11.99% |
| MORGAN STANLEY | $8K | 11.78% |
| Cowen and Company, LLC | $6K | 9.26% |
| BANK OF AMERICA CORPORATION | $6K | 8.08% |
| JEFFERIES FINANCIAL GROUP INC. | $4K | 6.30% |
| Mizuho Financial Group, Inc. | $2K | 2.64% |
| CITADEL SECURITIES LP | $1K | 2.16% |
| Royal Bank of Canada | $1K | 1.70% |
VONV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $2.6B | 99.11% |
| JPMORGAN CHASE & CO. | $9.2M | 0.35% |
| THE GOLDMAN SACHS GROUP, INC. | $8.9M | 0.34% |
| MORGAN STANLEY | $3.5M | 0.13% |
| CITIGROUP INC. | $634K | 0.02% |
| BANK OF AMERICA CORPORATION | $551K | 0.02% |
| BARCLAYS PLC | $467K | 0.02% |
| WELLS FARGO & COMPANY | $70K | 0.00% |
| JEFFERIES FINANCIAL GROUP INC. | $48K | 0.00% |
| Mizuho Financial Group, Inc. | $36K | 0.00% |
Vanguard Russell 1000 Value 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 |
|---|---|---|---|
| VRVIX | Institutional Shares | 0.05% | — |
| VONV | ETF Shares | 0.06% | — |
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.