Expense Ratio History

VWO expense ratio history

Vanguard FTSE Emerging Markets ETF

Fund company
Vanguard
Type
ETF

0.06%

In basis points
6 basis points
Yearly cost per $10,000
$6
Read on
19 October 2026, from Vanguard fact sheet (PDF)
Last change
Cut from 0.07% on 1 February 2026

Fee over time

VWO expense ratio: 0.15% until 24 Feb 2017, then 0.14%; 0.14% until 26 Feb 2019, then 0.12%; 0.12% until 27 Feb 2020, then 0.10%; 0.10% until 25 Feb 2022, then 0.08%; 0.08% until 27 Feb 2024, then 0.07%; 0.07% until 28 Feb 2025, then 0.06%; 0.07% until 1 Feb 2026, then 0.06%; read at 0.06% on 19 Oct 2026.0.00%0.05%0.10%0.15%0.20%Feb 2016Dec 2017Oct 2019Aug 2021Jun 2023Apr 20250.15% before0.06% from 1 Feb 2026
VWO expense ratio: 0.15% until 24 Feb 2017, then 0.14%; 0.14% until 26 Feb 2019, then 0.12%; 0.12% until 27 Feb 2020, then 0.10%; 0.10% until 25 Feb 2022, then 0.08%; 0.08% until 27 Feb 2024, then 0.07%; 0.07% until 28 Feb 2025, then 0.06%; 0.07% until 1 Feb 2026, then 0.06%; read at 0.06% on 19 Oct 2026.0.00%0.05%0.10%0.15%0.20%Feb 2016Sep 2019Apr 20230.15% before0.06% from 1 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 5 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
VEIEX Investor Shares 0.29% — 27 Feb 2026
VEMIX Institutional Shares 0.06% — 27 Feb 2026
VWO (this page) ETF Shares 0.06% — 27 Feb 2026
VEMAX Admiral Shares 0.13% — 27 Feb 2026
VEMRX Institutional Plus Shares 0.05% — 27 Feb 2026

Every figure we've recorded

DateFeeWhat happened
19 Oct 2026 0.06% Read from the sourceExpense ratio as reported in the most recent prospectus (fact sheet dated 30 June 2026)Source: Vanguard fact sheet (PDF)
27 Feb 2026 0.06% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-02-27 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2026 0.06% Cut from 0.07% to 0.06%Effective date given by VanguardSource: Vanguard: expense ratio reductions
28 Feb 2025 0.06% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-02-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Feb 2025 0.06% Cut from 0.07% to 0.06%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2026-02-02
27 Feb 2024 0.07% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-02-27 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
27 Feb 2024 0.07% Cut from 0.08% to 0.07%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2025-02-03
27 Feb 2023 0.08% 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
25 Feb 2022 0.08% 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
25 Feb 2022 0.08% Cut from 0.10% to 0.08%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-02-25
26 Feb 2021 0.10% 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 0.10% 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 0.10% Cut from 0.12% to 0.10%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-03-18
26 Feb 2019 0.12% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-02-26 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
26 Feb 2019 0.12% Cut from 0.14% to 0.12%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-03-18
23 Feb 2018 0.14% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-02-23 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
24 Feb 2017 0.14% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-02-24 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
24 Feb 2017 0.14% Cut from 0.15% to 0.14%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-03-14
28 Nov 2016 0.15% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-11-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
26 Feb 2016 0.15% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-02-26 (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 0.06% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$77 in fees over 10 years

After fees, $10,000 grows to $16,194.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$6.15
3 years$19
5 years$34
10 years$77

How we read this figure

We recorded it as: Expense ratio as reported in the most recent prospectus (fact sheet dated 30 June 2026). The figure is copied exactly as the source shows it, and dated the day we read it.

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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