VSTCX Fees and Costs — Vanguard Strategic Small-Cap Equity Fund, Investor Shares
Data updated: 2026-08-28
The net expense ratio is 0.21%: a 0.19% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $674K in broker commissions, 0.0370% of average net assets, and portfolio turnover was 66%.
VSTCX Fees and Expenses
Annual operating expenses and sales charges of VSTCX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.21% |
| Fee waiver | — |
| Net expense ratio | 0.21% |
| 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 |
VSTCX Costs Over Time
On $10,000 invested in VSTCX, assuming 5% a year before costs, total costs come to $157 over 5 years, cutting the return by 0.26% 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 0.21%) | $22 | $69 | $121 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $86 | $157 |
| Value after costs | $10,474 | $11,491 | $12,606 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
VSTCX 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): 0.0370%
- Total broker commissions: $674K
- Bought from dealers (principal trades, not a cost): $582.6M
- Portfolio turnover (prospectus): 66%
- Securities on loan, average value: $1.8M
- Net income from securities lending: $108K (0.006% of average net assets)
VSTCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES FINANCIAL GROUP INC. | $92K | 15.87% |
| GUZMAN & COMPANY | $91K | 15.60% |
| ROSENBLATT SECURITIES INC. | $79K | 13.54% |
| Piper Sandler & Co. | $59K | 10.16% |
| Robert W. Baird & Co. Incorporated | $54K | 9.31% |
| BANK OF AMERICA CORPORATION | $53K | 9.17% |
| FMR LLC | $47K | 8.13% |
| MORGAN STANLEY | $39K | 6.64% |
| Bank of Montr??al | $35K | 5.99% |
| WELLS FARGO & COMPANY | $32K | 5.58% |
VSTCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $582.6M | 100.00% |
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.