VWUSX Fees and Costs — Vanguard U.s. Growth Fund, Investor Shares
Data updated: 2026-07-29
The net expense ratio is 0.35%: a 0.34% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4.8M in broker commissions, 0.0103% of average net assets, and portfolio turnover was 29%.
VWUSX Fees and Expenses
Annual operating expenses and sales charges of VWUSX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.34% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| 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 |
VWUSX Costs Over Time
On $10,000 invested in VWUSX, assuming 5% a year before costs, total costs come to $228 over 5 years, cutting the return by 0.38% 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 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $38 | $125 | $228 |
| Value after costs | $10,462 | $11,452 | $12,535 |
| Impact on return, per year | 0.38% | 0.38% | 0.38% |
VWUSX 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): 0.0103%
- Total broker commissions: $4.8M
- Bought from dealers (principal trades, not a cost): $98.4B
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $168.2M
- Net income from securities lending: $26.2M (0.056% of average net assets)
VWUSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ANOS CAPITAL LLC | $433K | 14.40% |
| MORGAN STANLEY | $427K | 14.21% |
| THE GOLDMAN SACHS GROUP, INC. | $426K | 14.19% |
| UBS GROUP AG | $410K | 13.66% |
| JPMORGAN CHASE & CO. | $294K | 9.77% |
| JEFFERIES FINANCIAL GROUP INC. | $290K | 9.65% |
| Cowen and Company, LLC | $191K | 6.36% |
| Raymond James & Associates, Inc. | $185K | 6.17% |
| ALLEN & COMPANY LLC | $180K | 5.99% |
| BERNSTEIN INSTITUTIONAL SERVICES LLC | $168K | 5.59% |
VWUSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SOCIETE GENERALE | $40.6B | 41.27% |
| BANK OF AMERICA CORPORATION | $30.8B | 31.29% |
| Vanguard Market Liquidity Fund | $22.2B | 22.56% |
| Nomura Securities International, Inc. | $4.7B | 4.79% |
| MORGAN STANLEY | $41.9M | 0.04% |
| CITIGROUP INC. | $22.2M | 0.02% |
| JPMORGAN CHASE & CO. | $12.3M | 0.01% |
| THE GOLDMAN SACHS GROUP, INC. | $11.7M | 0.01% |
| JEFFERIES FINANCIAL GROUP INC. | $4.7M | 0.00% |
Vanguard U.s. Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VWUAX | Admiral Shares | 0.25% | none |
| VWUSX | Investor Shares | 0.35% | 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.