VPCCX Fees and Costs — Vanguard Primecap Core Fund, Investor Shares
Data updated: 2026-08-28
The net expense ratio is 0.37%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.2M in broker commissions, 0.0178% of average net assets, and portfolio turnover was 11%.
VPCCX Fees and Expenses
Annual operating expenses and sales charges of VPCCX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.37% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.37% |
| Fee waiver | — |
| Net expense ratio | 0.37% |
| 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 |
VPCCX Costs Over Time
On $10,000 invested in VPCCX, assuming 5% a year before costs, total costs come to $246 over 5 years, cutting the return by 0.41% 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 0.37%) | $39 | $122 | $213 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $41 | $134 | $246 |
| Value after costs | $10,459 | $11,442 | $12,517 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
VPCCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0178%
- Total broker commissions: $2.2M
- Bought from dealers (principal trades, not a cost): $4.6B
- Portfolio turnover (prospectus): 11%
- Securities on loan, average value: $6.1M
- Net income from securities lending: $59K (0.000% of average net assets)
VPCCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $472K | 25.66% |
| JPMORGAN CHASE & CO. | $263K | 14.33% |
| BARCLAYS PLC | $238K | 12.97% |
| CITIGROUP INC. | $196K | 10.67% |
| MORGAN STANLEY | $189K | 10.28% |
| EVERCORE GROUP L.L.C. | $119K | 6.46% |
| THE BANK OF NEW YORK MELLON CORPORATION | $108K | 5.87% |
| THE GOLDMAN SACHS GROUP, INC. | $98K | 5.32% |
| Cowen and Company, LLC | $89K | 4.82% |
| STIFEL FINANCIAL CORP. | $67K | 3.63% |
VPCCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $4.5B | 98.81% |
| BANK OF AMERICA CORPORATION | $28.4M | 0.62% |
| Cowen and Company, LLC | $25.7M | 0.56% |
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.