VSDB Fees and Costs — Vanguard Short Duration Bond ETF
Data updated: 2026-08-28
The net expense ratio is 0.15%: a 0.02% management fee plus 0.13% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 110%.
VSDB Fees and Expenses
Annual operating expenses and sales charges of VSDB. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.02% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.15% |
| Fee waiver | — |
| Net expense ratio | 0.15% |
| 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 |
VSDB Costs Over Time
On $10,000 invested in VSDB, assuming 5% a year before costs, total costs come to $95 over 5 years, cutting the return by 0.16% 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 0.15%) | $16 | $50 | $87 |
| Lost growth on money paid in costs | $0 | $2 | $9 |
| Total costs | $16 | $52 | $95 |
| Value after costs | $10,484 | $11,524 | $12,667 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
VSDB 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): $226.7M
- Portfolio turnover (prospectus): 110%
- Securities lending: none during the year
VSDB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Vanguard Market Liquidity Fund | $52.8M | 26.25% |
| JPMORGAN CHASE & CO. | $33.0M | 16.44% |
| MORGAN STANLEY | $20.8M | 10.36% |
| BARCLAYS PLC | $20.3M | 10.10% |
| CITIGROUP INC. | $16.5M | 8.22% |
| WELLS FARGO & COMPANY | $16.2M | 8.08% |
| THE GOLDMAN SACHS GROUP, INC. | $14.7M | 7.30% |
| BANK OF AMERICA CORPORATION | $13.8M | 6.88% |
| Mizuho Financial Group, Inc. | $8.0M | 3.96% |
| BNP PARIBAS | $4.9M | 2.42% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.