VUSXX Fees and Costs — Vanguard Treasury Money Market Fund, Investor Shares
Data updated: 2026-06-30
The net expense ratio is 0.07%: a 0.06% management fee plus 0.01% other expenses. There are no sales loads or redemption fees.
VUSXX Fees and Expenses
Annual operating expenses and sales charges of VUSXX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.06% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.07% |
| Fee waiver | — |
| Net expense ratio | 0.07% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
VUSXX Costs Over Time
On $10,000 invested in VUSXX, 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% |
VUSXX 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): $794.5B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
VUSXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| FEDERAL RESERVE BANK OF NEW YORK | $166.9B | 21.51% |
| DEUTSCHE BANK AKTIENGESELLSCHAFT | $156.8B | 20.20% |
| THE GOLDMAN SACHS GROUP, INC. | $146.6B | 18.90% |
| BANK OF AMERICA CORPORATION | $117.9B | 15.20% |
| Nomura Securities International, Inc. | $92.1B | 11.87% |
| CITIGROUP INC. | $69.2B | 8.92% |
| BARCLAYS PLC | $12.4B | 1.59% |
| WELLS FARGO & COMPANY | $4.9B | 0.63% |
| Bank of Montr??al | $4.7B | 0.61% |
| CITADEL SECURITIES LP | $4.4B | 0.57% |
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.