VBND Fees and Costs — Vident U.S. Bond Strategy ETF
Data updated: 2026-07-29
The net expense ratio is 0.41%. There are no sales loads or redemption fees. Portfolio turnover was 168%.
VBND Fees and Expenses
Annual operating expenses and sales charges of VBND. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.41% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.41% |
| Fee waiver | — |
| Net expense ratio | 0.41% |
| 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 |
VBND Costs Over Time
On $10,000 invested in VBND, assuming 5% a year before costs, total costs come to $260 over 5 years, cutting the return by 0.43% 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 0.41%) | $43 | $135 | $236 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $43 | $142 | $260 |
| Value after costs | $10,457 | $11,434 | $12,503 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
VBND 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.5B
- Portfolio turnover (prospectus): 168%
- Securities lending: none during the year
VBND Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $591.4M | 39.40% |
| JANE STREET EXECUTION SERVICES, LLC | $463.3M | 30.87% |
| GOLDMAN SACHS & CO. LLC | $318.6M | 21.22% |
| BOFAML SECURITIES, INC. | $85.4M | 5.69% |
| OLD MISSION MARKETS LLC | $31.9M | 2.13% |
| PERSHING LLC | $9.7M | 0.65% |
| MORGAN STANLEY & CO. LLC | $677K | 0.05% |
| CITADEL SECURITIES LLC | $96K | 0.01% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.