VYMI Fees and Costs — Vanguard International High Dividend Yield Index Fund
Data updated: 2026-09-28
The net expense ratio is 0.07%: a 0.05% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $748K in broker commissions, 0.0070% of average net assets, and portfolio turnover was 9%.
VYMI Fees and Expenses
Annual operating expenses and sales charges of VYMI. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.07% |
| Fee waiver | — |
| Net expense ratio | 0.07% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
VYMI Costs Over Time
On $10,000 invested in VYMI, assuming 5% a year before costs, total costs come to $49 over 5 years, cutting the return by 0.08% 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 0.07%) | $7 | $23 | $41 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $1 | $4 |
| Total costs | $8 | $27 | $49 |
| Value after costs | $10,492 | $11,550 | $12,714 |
| Impact on return, per year | 0.08% | 0.08% | 0.08% |
VYMI 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): 0.0070%
- Total broker commissions: $748K
- Bought from dealers (principal trades, not a cost): $3.4B
- Portfolio turnover (prospectus): 9%
- Securities on loan, average value: $72.9M
- Net income from securities lending: $1.9M (0.018% of average net assets)
VYMI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE & CO. | $166K | 26.46% |
| BANK OF AMERICA CORPORATION | $93K | 14.88% |
| THE GOLDMAN SACHS GROUP, INC. | $83K | 13.25% |
| MORGAN STANLEY | $72K | 11.52% |
| CITIGROUP INC. | $46K | 7.28% |
| UBS GROUP AG | $43K | 6.92% |
| JEFFERIES FINANCIAL GROUP INC. | $42K | 6.70% |
| Nomura Holdings, Inc. | $30K | 4.73% |
| HSBC HOLDINGS PLC | $27K | 4.36% |
| Banco BTG Pactual S.A. | $24K | 3.90% |
VYMI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $3.4B | 99.86% |
| JPMORGAN CHASE & CO. | $3.6M | 0.11% |
| BANK OF AMERICA CORPORATION | $388K | 0.01% |
| CITIGROUP INC. | $336K | 0.01% |
| THE GOLDMAN SACHS GROUP, INC. | $260K | 0.01% |
| Mizuho Financial Group, Inc. | $61K | 0.00% |
| MORGAN STANLEY | $211 | 0.00% |
| UBS GROUP AG | $121 | 0.00% |
| BARCLAYS PLC | $57 | 0.00% |
Vanguard International High Dividend Yield 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 |
|---|---|---|---|
| VYMI | ETF Shares | 0.07% | — |
| VIHAX | Admiral Shares | 0.16% | — |
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.