VTIPX Fees and Costs — Vanguard Short-Term Inflation-Protected Securities Index Fund, Investor Shares
Data updated: 2026-08-28
The net expense ratio is 0.14%: a 0.12% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 25%.
VTIPX Fees and Expenses
Annual operating expenses and sales charges of VTIPX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.12% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.14% |
| Fee waiver | — |
| Net expense ratio | 0.14% |
| 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 |
VTIPX Costs Over Time
On $10,000 invested in VTIPX, assuming 5% a year before costs, total costs come to $89 over 5 years, cutting the return by 0.15% 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 0.14%) | $15 | $46 | $81 |
| Lost growth on money paid in costs | $0 | $2 | $8 |
| Total costs | $15 | $49 | $89 |
| Value after costs | $10,485 | $11,528 | $12,674 |
| Impact on return, per year | 0.15% | 0.15% | 0.15% |
VTIPX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $49.4B
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
VTIPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $28.2B | 58.95% |
| THE GOLDMAN SACHS GROUP, INC. | $6.0B | 12.51% |
| BARCLAYS PLC | $3.4B | 7.16% |
| CITIGROUP INC. | $1.9B | 4.04% |
| CITADEL SECURITIES LP | $1.6B | 3.37% |
| DEUTSCHE BANK AKTIENGESELLSCHAFT | $1.5B | 3.09% |
| JPMORGAN CHASE & CO. | $1.4B | 2.90% |
| MORGAN STANLEY | $1.3B | 2.80% |
| Bank of Montr??al | $1.3B | 2.72% |
| BNP PARIBAS | $1.2B | 2.46% |
Vanguard Short-Term Inflation-Protected Securities 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 |
|---|---|---|---|
| VTSPX | Institutional Shares | 0.02% | none |
| VTIP | ETF Shares | 0.03% | — |
| VTAPX | Admiral Shares | 0.06% | none |
| VTIPX | Investor Shares | 0.14% | 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.