VCEB Fees and Costs — Vanguard ESG U.s. Corporate Bond ETF
Data updated: 2026-07-29
The net expense ratio is 0.12%: a 0.10% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 33%.
VCEB Fees and Expenses
Annual operating expenses and sales charges of VCEB. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.12% |
| Fee waiver | — |
| Net expense ratio | 0.12% |
| 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 |
VCEB Costs Over Time
On $10,000 invested in VCEB, assuming 5% a year before costs, total costs come to $76 over 5 years, cutting the return by 0.13% 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 0.12%) | $13 | $40 | $69 |
| Lost growth on money paid in costs | $0 | $2 | $7 |
| Total costs | $13 | $42 | $76 |
| Value after costs | $10,487 | $11,535 | $12,686 |
| Impact on return, per year | 0.13% | 0.13% | 0.13% |
VCEB 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): $501.4M
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
VCEB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $94.7M | 22.56% |
| THE GOLDMAN SACHS GROUP, INC. | $57.7M | 13.74% |
| JPMORGAN CHASE & CO. | $47.7M | 11.36% |
| BNP PARIBAS | $42.5M | 10.13% |
| CITIGROUP INC. | $39.9M | 9.51% |
| MORGAN STANLEY | $38.8M | 9.25% |
| BARCLAYS PLC | $35.1M | 8.36% |
| THE BANK OF NEW YORK MELLON CORPORATION | $22.7M | 5.41% |
| CITADEL SECURITIES LP | $21.1M | 5.04% |
| WELLS FARGO & COMPANY | $19.6M | 4.66% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.