VTG Fees and Costs — Vanguard Total Treasury ETF
Data updated: 2026-08-28
The net expense ratio is 0.03%. There are no sales loads or redemption fees. Portfolio turnover was 5%.
VTG Fees and Expenses
Annual operating expenses and sales charges of VTG. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.03% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.03% |
| Fee waiver | — |
| Net expense ratio | 0.03% |
| 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 |
VTG Costs Over Time
On $10,000 invested in VTG, assuming 5% a year before costs, total costs come to $19 over 5 years, cutting the return by 0.03% 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 0.03%) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $0 | $2 |
| Total costs | $3 | $10 | $19 |
| Value after costs | $10,497 | $11,566 | $12,744 |
| Impact on return, per year | 0.03% | 0.03% | 0.03% |
VTG 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): $6.0M
- Portfolio turnover (prospectus): 5%
- Securities lending: none during the year
VTG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS PLC | $1.1M | 21.70% |
| THE GOLDMAN SACHS GROUP, INC. | $767K | 14.96% |
| Vanguard Market Liquidity Fund | $596K | 11.61% |
| MORGAN STANLEY | $496K | 9.68% |
| Bank of Montr??al | $463K | 9.03% |
| JPMORGAN CHASE & CO. | $451K | 8.79% |
| CITADEL SECURITIES LP | $389K | 7.58% |
| WELLS FARGO & COMPANY | $356K | 6.95% |
| DEUTSCHE BANK AKTIENGESELLSCHAFT | $266K | 5.19% |
| BANK OF AMERICA CORPORATION | $232K | 4.53% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.