Expense Ratio History

VWNDX expense ratio history

Vanguard Windsor Fund, Investor Shares

Fund company
Vanguard
Type
Mutual fund

0.29%

In basis points
29 basis points
Yearly cost per $10,000
$29
Prospectus dated
27 February 2026, filed with the SEC; rounded to 0.01%
Last change
Cut from 0.36% on 27 February 2026

Fee over time

VWNDX expense ratio: 0.39% until 23 Feb 2017, then 0.30%; 0.30% until 26 Feb 2018, then 0.31%; 0.31% until 27 Feb 2020, then 0.30%; 0.30% until 27 Feb 2023, then 0.38%; 0.38% until 27 Feb 2024, then 0.42%; 0.42% until 28 Feb 2025, then 0.36%; 0.36% until 27 Feb 2026, then 0.29%; read at 0.29% on 27 Feb 2026.0.00%0.20%0.40%0.60%Feb 2016Nov 2017Aug 2019May 2021Feb 2023Nov 20240.39% before0.29% from 27 Feb 2026
VWNDX expense ratio: 0.39% until 23 Feb 2017, then 0.30%; 0.30% until 26 Feb 2018, then 0.31%; 0.31% until 27 Feb 2020, then 0.30%; 0.30% until 27 Feb 2023, then 0.38%; 0.38% until 27 Feb 2024, then 0.42%; 0.42% until 28 Feb 2025, then 0.36%; 0.36% until 27 Feb 2026, then 0.29%; read at 0.29% on 27 Feb 2026.0.00%0.20%0.40%0.60%Feb 2016Jul 2019Dec 20220.39% before0.29% from 27 Feb 2026
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 2 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
VWNDX (this page) Investor Shares 0.29% — 27 Feb 2026
VWNEX Admiral Shares 0.18% — 27 Feb 2026

Every figure we've recorded

DateFeeWhat happened
27 Feb 2026 0.29% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-02-27 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
27 Feb 2026 0.29% Cut from 0.36% to 0.29%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2026-03-03
28 Feb 2025 0.36% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2025 0.36% Cut from 0.42% to 0.36%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-02-28
29 Feb 2024 0.42% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-02-29 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
27 Feb 2024 0.42% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-02-27 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
27 Feb 2024 0.42% Raised from 0.38% to 0.42%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-02-27
27 Feb 2023 0.38% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-02-27 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
27 Feb 2023 0.38% Raised from 0.30% to 0.38%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-02-27
25 Feb 2022 0.30% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-02-25 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
26 Feb 2021 0.30% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-02-26 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
27 Feb 2020 0.30% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-02-27 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
27 Feb 2020 0.30% Cut from 0.31% to 0.30%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-03-18
27 Feb 2019 0.31% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-02-27 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
26 Feb 2018 0.31% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-02-26 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
26 Feb 2018 0.31% Raised from 0.30% to 0.31%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-03-15
23 Feb 2017 0.30% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-02-23 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
23 Feb 2017 0.30% Cut from 0.39% to 0.30%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-03-13
25 Feb 2016 0.39% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-02-25 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 0.29% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$369 in fees over 10 years

After fees, $10,000 grows to $15,834.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$30
3 years$93
5 years$163
10 years$369

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 12 prospectuses for this share class since 2016. Each one is listed above with a link to the filing.

How we read fees

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