VCRB Fees and Costs — Vanguard Core Bond ETF
Data updated: 2026-08-28
The net expense ratio is 0.10%: a 0.09% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 426%.
VCRB Fees and Expenses
Annual operating expenses and sales charges of VCRB. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.09% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.10% |
| Fee waiver | — |
| Net expense ratio | 0.10% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
VCRB Costs Over Time
On $10,000 invested in VCRB, assuming 5% a year before costs, total costs come to $64 over 5 years, cutting the return by 0.10% 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 0.10%) | $10 | $33 | $58 |
| Lost growth on money paid in costs | $0 | $2 | $6 |
| Total costs | $10 | $35 | $64 |
| Value after costs | $10,490 | $11,542 | $12,699 |
| Impact on return, per year | 0.10% | 0.10% | 0.10% |
VCRB 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $34.5B
- Portfolio turnover (prospectus): 426%
- Securities lending: none during the year
VCRB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $5.1B | 16.77% |
| Mizuho Financial Group, Inc. | $4.5B | 14.87% |
| THE GOLDMAN SACHS GROUP, INC. | $4.0B | 13.07% |
| Vanguard Market Liquidity Fund | $3.3B | 10.66% |
| WELLS FARGO & COMPANY | $3.0B | 9.87% |
| BARCLAYS PLC | $2.5B | 8.33% |
| JPMORGAN CHASE & CO. | $2.3B | 7.52% |
| Bank of Montr??al | $2.2B | 7.22% |
| BANK OF AMERICA CORPORATION | $2.2B | 7.13% |
| CITIGROUP INC. | $1.4B | 4.56% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.