VRTPX Fees and Costs — Vanguard Real Estate II Index Fund, Institutional Plus Shares
Data updated: 2026-09-28
The net expense ratio is 0.08%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $173K in broker commissions, 0.0018% of average net assets, and portfolio turnover was 3%.
VRTPX Fees and Expenses
Annual operating expenses and sales charges of VRTPX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.08% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.08% |
| Fee waiver | — |
| Net expense ratio | 0.08% |
| 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 |
VRTPX Costs Over Time
On $10,000 invested in VRTPX, assuming 5% a year before costs, total costs come to $52 over 5 years, cutting the return by 0.09% 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 0.08%) | $8 | $26 | $46 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $1 | $5 |
| Total costs | $9 | $28 | $52 |
| Value after costs | $10,491 | $11,548 | $12,711 |
| Impact on return, per year | 0.09% | 0.09% | 0.09% |
VRTPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0018%
- Total broker commissions: $173K
- Bought from dealers (principal trades, not a cost): $647.9M
- Portfolio turnover (prospectus): 3%
- Securities on loan, average value: $15.8M
- Net income from securities lending: $406K (0.004% of average net assets)
VRTPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| THE GOLDMAN SACHS GROUP, INC. | $54K | 31.00% |
| BANK OF AMERICA CORPORATION | $26K | 14.97% |
| Mizuho Financial Group, Inc. | $26K | 14.88% |
| BARCLAYS PLC | $22K | 12.76% |
| JPMORGAN CHASE & CO. | $17K | 9.64% |
| MORGAN STANLEY | $16K | 9.03% |
| CITIGROUP INC. | $6K | 3.31% |
| Piper Sandler & Co. | $5K | 2.87% |
| Cowen and Company, LLC | $2K | 1.18% |
| VIRTU FINANCIAL, INC. | $624 | 0.36% |
VRTPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $646.9M | 99.84% |
| BANK OF AMERICA CORPORATION | $1.0M | 0.16% |
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.