VGUS Fees and Costs — Vanguard Ultra-Short Treasury ETF
Data updated: 2026-08-28
The net expense ratio is 0.07%: a 0.03% management fee plus 0.04% other expenses. There are no sales loads or redemption fees.
VGUS Fees and Expenses
Annual operating expenses and sales charges of VGUS. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.03% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.07% |
| Fee waiver | — |
| Net expense ratio | 0.07% |
| 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 |
VGUS Costs Over Time
On $10,000 invested in VGUS, assuming 5% a year before costs, total costs come to $45 over 5 years, cutting the return by 0.07% 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 0.07%) | $7 | $23 | $41 |
| Lost growth on money paid in costs | $0 | $1 | $4 |
| Total costs | $7 | $24 | $45 |
| Value after costs | $10,493 | $11,552 | $12,718 |
| Impact on return, per year | 0.07% | 0.07% | 0.07% |
VGUS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
VGUS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $328.6M | 20.72% |
| CITADEL SECURITIES LP | $269.4M | 16.98% |
| Nomura Securities International, Inc. | $240.9M | 15.19% |
| Bank of Montr??al | $178.3M | 11.24% |
| MITSUBISHI UFJ FINANCIAL GROUP, INC. | $112.6M | 7.10% |
| BNP PARIBAS | $104.8M | 6.61% |
| THE BANK OF NEW YORK MELLON CORPORATION | $98.4M | 6.20% |
| JPMORGAN CHASE & CO. | $92.2M | 5.81% |
| BARCLAYS PLC | $83.4M | 5.26% |
| WELLS FARGO & COMPANY | $77.7M | 4.90% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.