VUIAX Fees and Costs — Vanguard Utilities Index Fund, Admiral Shares
Data updated: 2026-07-29
The net expense ratio is 0.09%: a 0.08% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $94K in broker commissions, 0.0011% of average net assets, and portfolio turnover was 6%.
VUIAX Fees and Expenses
Annual operating expenses and sales charges of VUIAX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.08% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.09% |
| Fee waiver | — |
| Net expense ratio | 0.09% |
| 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 |
VUIAX Costs Over Time
On $10,000 invested in VUIAX, assuming 5% a year before costs, total costs come to $58 over 5 years, cutting the return by 0.10% 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 0.09%) | $9 | $30 | $52 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $1 | $5 |
| Total costs | $10 | $32 | $58 |
| Value after costs | $10,490 | $11,545 | $12,705 |
| Impact on return, per year | 0.10% | 0.10% | 0.10% |
VUIAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0011%
- Total broker commissions: $94K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 6%
- Securities on loan, average value: $7.1M
- Net income from securities lending: $132K (0.002% of average net assets)
VUIAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| THE GOLDMAN SACHS GROUP, INC. | $30K | 31.89% |
| JPMORGAN CHASE & CO. | $18K | 19.18% |
| BANK OF AMERICA CORPORATION | $14K | 14.77% |
| CITIGROUP INC. | $11K | 11.46% |
| Mizuho Financial Group, Inc. | $10K | 10.55% |
| BARCLAYS PLC | $7K | 7.89% |
| MORGAN STANLEY | $3K | 2.80% |
| WELLS FARGO & COMPANY | $626 | 0.67% |
| JonesTrading Institutional Services LLC | $448 | 0.48% |
| VIRTU FINANCIAL, INC. | $304 | 0.32% |
VUIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $1.4B | 99.86% |
| WELLS FARGO & COMPANY | $2.0M | 0.14% |
Vanguard Utilities 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 |
|---|---|---|---|
| VPU | ETF Shares | 0.09% | — |
| VUIAX | Admiral Shares | 0.09% | 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.