VTP Fees and Costs — Vanguard Total Inflation-Protected Securities ETF
Data updated: 2026-08-28
The net expense ratio is 0.05%. There are no sales loads or redemption fees. Portfolio turnover was 4%.
VTP Fees and Expenses
Annual operating expenses and sales charges of VTP. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| 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) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
VTP Costs Over Time
On $10,000 invested in VTP, assuming 5% a year before costs, total costs come to $32 over 5 years, cutting the return by 0.05% 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 |
| Lost growth on money paid in costs | $0 | $1 | $3 |
| Total costs | $5 | $17 | $32 |
| Value after costs | $10,495 | $11,559 | $12,731 |
| Impact on return, per year | 0.05% | 0.05% | 0.05% |
VTP 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): $1.6M
- Portfolio turnover (prospectus): 4%
- Securities lending: none during the year
VTP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of Montr??al | $778K | 49.15% |
| JPMORGAN CHASE & CO. | $244K | 15.42% |
| BNP PARIBAS | $139K | 8.76% |
| Vanguard Market Liquidity Fund | $137K | 8.66% |
| MORGAN STANLEY | $121K | 7.64% |
| CITADEL SECURITIES LP | $59K | 3.74% |
| CITIGROUP INC. | $34K | 2.17% |
| HSBC HOLDINGS PLC | $31K | 1.93% |
| BARCLAYS PLC | $24K | 1.51% |
| TD Securities (USA) LLC | $16K | 1.03% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.