VTPSX Fees and Costs — Vanguard Total International Stock Index Fund, Institutional Plus Shares
Data updated: 2026-09-28
The net expense ratio is 0.05%: a 0.03% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $13.9M in broker commissions, 0.0029% of average net assets, and portfolio turnover was 4%.
VTPSX Fees and Expenses
Annual operating expenses and sales charges of VTPSX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.03% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.05% |
| Fee waiver | — |
| Net expense ratio | 0.05% |
| 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 |
VTPSX Costs Over Time
On $10,000 invested in VTPSX, assuming 5% a year before costs, total costs come to $34 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) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $1 | $3 |
| Total costs | $6 | $18 | $34 |
| Value after costs | $10,494 | $11,558 | $12,729 |
| Impact on return, per year | 0.06% | 0.06% | 0.06% |
VTPSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0029%
- Total broker commissions: $13.9M
- Bought from dealers (principal trades, not a cost): $40.5B
- Portfolio turnover (prospectus): 4%
- Securities on loan, average value: $5.4B
- Net income from securities lending: $172.4M (0.035% of average net assets)
VTPSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE & CO. | $2.2M | 19.38% |
| THE GOLDMAN SACHS GROUP, INC. | $1.9M | 16.35% |
| MORGAN STANLEY | $1.8M | 15.52% |
| JEFFERIES FINANCIAL GROUP INC. | $1.2M | 10.46% |
| CITIGROUP INC. | $1.1M | 9.52% |
| BANK OF AMERICA CORPORATION | $923K | 8.03% |
| UBS GROUP AG | $786K | 6.83% |
| Nomura Holdings, Inc. | $700K | 6.09% |
| BNP PARIBAS | $507K | 4.41% |
| CITIC Limited | $393K | 3.41% |
VTPSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $40.2B | 99.44% |
| JPMORGAN CHASE & CO. | $119.3M | 0.29% |
| BANK OF AMERICA CORPORATION | $27.5M | 0.07% |
| THE GOLDMAN SACHS GROUP, INC. | $18.5M | 0.05% |
| UBS GROUP AG | $16.4M | 0.04% |
| HSBC HOLDINGS PLC | $13.5M | 0.03% |
| CITIGROUP INC. | $10.2M | 0.03% |
| MACQUARIE GROUP LIMITED | $9.1M | 0.02% |
| Royal Bank of Canada | $7.1M | 0.02% |
| BNP PARIBAS | $4.4M | 0.01% |
Vanguard Total International Stock 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 |
|---|---|---|---|
| VTISX | Institutional Select Shares | 0.05% | none |
| VTPSX | Institutional Plus Shares | 0.05% | none |
| VXUS | ETF Shares | 0.05% | — |
| VTSNX | Institutional Shares | 0.06% | none |
| VTIAX | Admiral Shares | 0.09% | none |
| VGTSX | Investor Shares | 0.17% | 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.