VPL Fees and Costs — Vanguard Pacific Stock Index Fund
Data updated: 2026-09-28
The net expense ratio is 0.07%: a 0.05% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $249K in broker commissions, 0.0024% of average net assets, and portfolio turnover was 7%.
VPL Fees and Expenses
Annual operating expenses and sales charges of VPL. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.07% |
| Fee waiver | — |
| Net expense ratio | 0.07% |
| 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 |
VPL Costs Over Time
On $10,000 invested in VPL, assuming 5% a year before costs, total costs come to $46 over 5 years, cutting the return by 0.08% 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 0.07%) | $7 | $23 | $41 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $1 | $4 |
| Total costs | $8 | $25 | $46 |
| Value after costs | $10,492 | $11,551 | $12,717 |
| Impact on return, per year | 0.08% | 0.08% | 0.08% |
VPL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0024%
- Total broker commissions: $249K
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 7%
- Securities on loan, average value: $81.0M
- Net income from securities lending: $4.4M (0.042% of average net assets)
VPL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE & CO. | $49K | 20.98% |
| MORGAN STANLEY | $34K | 14.64% |
| THE GOLDMAN SACHS GROUP, INC. | $34K | 14.49% |
| BANK OF AMERICA CORPORATION | $33K | 13.94% |
| CITIGROUP INC. | $21K | 8.79% |
| JEFFERIES FINANCIAL GROUP INC. | $18K | 7.75% |
| Nomura Holdings, Inc. | $14K | 6.07% |
| CITIC Limited | $14K | 6.02% |
| UBS GROUP AG | $10K | 4.38% |
| KBC GROEP | $7K | 2.93% |
VPL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $2.0B | 99.58% |
| JPMORGAN CHASE & CO. | $3.7M | 0.19% |
| UBS GROUP AG | $2.1M | 0.11% |
| MACQUARIE GROUP LIMITED | $892K | 0.05% |
| CITIGROUP INC. | $646K | 0.03% |
| Nomura Holdings, Inc. | $439K | 0.02% |
| BARRENJOEY MARKETS PTY LIMITED | $242K | 0.01% |
| Mizuho Financial Group, Inc. | $112K | 0.01% |
| Daiwa Securities Group Inc. | $41K | 0.00% |
| THE GOLDMAN SACHS GROUP, INC. | $27K | 0.00% |
Vanguard Pacific Stock 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 |
|---|---|---|---|
| VPKIX | Institutional Shares | 0.07% | none |
| VPL | ETF Shares | 0.07% | — |
| VPADX | Admiral Shares | 0.09% | none |
| VPACX | Investor Shares | 0.23% | 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.