VTRIX Fees and Costs — Vanguard International Value Fund, Investor Shares
Data updated: 2026-09-28
The net expense ratio is 0.36%: a 0.35% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $19.1M in broker commissions, 0.1611% of average net assets, and portfolio turnover was 65%.
VTRIX Fees and Expenses
Annual operating expenses and sales charges of VTRIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.36% |
| Fee waiver | — |
| Net expense ratio | 0.36% |
| 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 |
VTRIX Costs Over Time
On $10,000 invested in VTRIX, assuming 5% a year before costs, total costs come to $329 over 5 years, cutting the return by 0.55% 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 0.36%) | $38 | $119 | $207 |
| Trading costs (broker commissions) | $17 | $53 | $92 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $55 | $180 | $329 |
| Value after costs | $10,445 | $11,396 | $12,434 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
VTRIX 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): 0.1611%
- Total broker commissions: $19.1M
- Bought from dealers (principal trades, not a cost): $25.6B
- Portfolio turnover (prospectus): 65%
- Securities on loan, average value: $28.3M
- Net income from securities lending: $428K (0.004% of average net assets)
VTRIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Nomura Holdings, Inc. | $3.0M | 20.33% |
| UBS GROUP AG | $2.6M | 17.25% |
| THE GOLDMAN SACHS GROUP, INC. | $1.9M | 12.88% |
| JPMORGAN CHASE & CO. | $1.9M | 12.60% |
| MORGAN STANLEY | $1.3M | 8.89% |
| SOCIETE GENERALE | $1.2M | 8.12% |
| BARCLAYS PLC | $902K | 6.06% |
| BNP PARIBAS | $741K | 4.97% |
| JEFFERIES FINANCIAL GROUP INC. | $721K | 4.84% |
| BANK OF AMERICA CORPORATION | $603K | 4.05% |
VTRIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $25.6B | 99.99% |
| THE GOLDMAN SACHS GROUP, INC. | $3.4M | 0.01% |
| JonesTrading Institutional Services LLC | $3K | 0.00% |
| Nomura Holdings, Inc. | $21 | 0.00% |
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.