VZICX Fees and Costs — Vanguard International Core Stock Fund, Admiral Shares
Data updated: 2026-08-28
The net expense ratio is 0.38%: a 0.35% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4.9M in broker commissions, 0.1423% of average net assets, and portfolio turnover was 87%.
VZICX Fees and Expenses
Annual operating expenses and sales charges of VZICX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.03% |
| Gross expense ratio | 0.38% |
| Fee waiver | — |
| Net expense ratio | 0.38% |
| 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 |
VZICX Costs Over Time
On $10,000 invested in VZICX, assuming 5% a year before costs, total costs come to $330 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 0.38%) | $40 | $125 | $218 |
| Trading costs (broker commissions) | $15 | $47 | $82 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $55 | $180 | $330 |
| Value after costs | $10,445 | $11,396 | $12,433 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
VZICX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1423%
- Total broker commissions: $4.9M
- Bought from dealers (principal trades, not a cost): $3.5B
- Portfolio turnover (prospectus): 87%
- Securities on loan, average value: $3.2M
- Net income from securities lending: $65K (0.002% of average net assets)
VZICX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $701K | 17.42% |
| UBS GROUP AG | $673K | 16.71% |
| MORGAN STANLEY | $572K | 14.20% |
| CITIGROUP INC. | $534K | 13.25% |
| JEFFERIES FINANCIAL GROUP INC. | $421K | 10.46% |
| THE GOLDMAN SACHS GROUP, INC. | $348K | 8.64% |
| JPMORGAN CHASE & CO. | $344K | 8.54% |
| BNP PARIBAS | $159K | 3.95% |
| BARCLAYS PLC | $139K | 3.45% |
| Royal Bank of Canada | $136K | 3.38% |
VZICX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $3.5B | 100.00% |
Vanguard International Core Stock Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VZICX | Admiral Shares | 0.38% | none |
| VWICX | Investor Shares | 0.47% | 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.