VRTIX Fees and Costs — Vanguard Russell 2000 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 $591K in broker commissions, 0.0048% of average net assets, and portfolio turnover was 14%.
VRTIX Fees and Expenses
Annual operating expenses and sales charges of VRTIX. 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 |
VRTIX Costs Over Time
On $10,000 invested in VRTIX, 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 | $12,728 |
| Impact on return, per year | 0.06% | 0.06% | 0.06% |
VRTIX 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): 0.0048%
- Total broker commissions: $591K
- Bought from dealers (principal trades, not a cost): $3.5B
- Portfolio turnover (prospectus): 14%
- Securities on loan, average value: $193.4M
- Net income from securities lending: $11.2M (0.090% of average net assets)
VRTIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES FINANCIAL GROUP INC. | $179K | 33.60% |
| CITIGROUP INC. | $90K | 16.79% |
| BARCLAYS PLC | $81K | 15.09% |
| MORGAN STANLEY | $40K | 7.47% |
| BANK OF AMERICA CORPORATION | $32K | 6.07% |
| JPMORGAN CHASE & CO. | $29K | 5.43% |
| CITADEL SECURITIES LP | $27K | 5.06% |
| Mizuho Financial Group, Inc. | $24K | 4.54% |
| VIRTU FINANCIAL, INC. | $17K | 3.12% |
| Royal Bank of Canada | $15K | 2.82% |
VRTIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $3.4B | 98.52% |
| JPMORGAN CHASE & CO. | $20.5M | 0.59% |
| BANK OF AMERICA CORPORATION | $9.1M | 0.26% |
| MORGAN STANLEY | $7.5M | 0.22% |
| WELLS FARGO & COMPANY | $4.6M | 0.13% |
| THE GOLDMAN SACHS GROUP, INC. | $4.2M | 0.12% |
| Robert W. Baird & Co. Incorporated | $2.4M | 0.07% |
| UBS GROUP AG | $1.1M | 0.03% |
| Raymond James & Associates, Inc. | $1.1M | 0.03% |
| Leerink Partners LLC | $862K | 0.02% |
Vanguard Russell 2000 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 |
|---|---|---|---|
| VRTIX | Institutional Shares | 0.05% | — |
| VTWO | 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.