VRTGX Fees and Costs — Vanguard Russell 2000 Growth Index Fund, Institutional Shares
Data updated: 2026-07-29
The net expense ratio is 0.05%: a 0.04% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $69K in broker commissions, 0.0056% of average net assets, and portfolio turnover was 28%.
VRTGX Fees and Expenses
Annual operating expenses and sales charges of VRTGX. Prospectus, as of February 2, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.04% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.05% |
| Fee waiver | — |
| Net expense ratio | 0.05% |
| 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 |
VRTGX Costs Over Time
On $10,000 invested in VRTGX, assuming 5% a year before costs, total costs come to $35 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 0.05%) | $5 | $17 | $29 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $1 | $3 |
| Total costs | $6 | $19 | $35 |
| Value after costs | $10,494 | $11,557 | $12,727 |
| Impact on return, per year | 0.06% | 0.06% | 0.06% |
VRTGX 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): 0.0056%
- Total broker commissions: $69K
- Bought from dealers (principal trades, not a cost): $356.6M
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $13.0M
- Net income from securities lending: $1.2M (0.096% of average net assets)
VRTGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES FINANCIAL GROUP INC. | $20K | 32.05% |
| BARCLAYS PLC | $12K | 19.39% |
| CITIGROUP INC. | $10K | 16.04% |
| JPMORGAN CHASE & CO. | $5K | 8.52% |
| BANK OF AMERICA CORPORATION | $5K | 8.28% |
| MORGAN STANLEY | $4K | 6.84% |
| CITADEL SECURITIES LP | $1K | 2.30% |
| TULLETT PREBON AMERICAS CORP. | $1K | 2.22% |
| Mizuho Financial Group, Inc. | $1K | 2.19% |
| VIRTU FINANCIAL, INC. | $1K | 2.16% |
VRTGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $351.1M | 98.49% |
| JPMORGAN CHASE & CO. | $2.3M | 0.64% |
| BANK OF AMERICA CORPORATION | $658K | 0.18% |
| MORGAN STANLEY | $603K | 0.17% |
| THE GOLDMAN SACHS GROUP, INC. | $547K | 0.15% |
| Robert W. Baird & Co. Incorporated | $430K | 0.12% |
| Raymond James & Associates, Inc. | $236K | 0.07% |
| WELLS FARGO & COMPANY | $229K | 0.06% |
| UBS GROUP AG | $210K | 0.06% |
| Leerink Partners LLC | $177K | 0.05% |
Vanguard Russell 2000 Growth 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 |
|---|---|---|---|
| VRTGX | Institutional Shares | 0.05% | — |
| VTWG | 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.