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forum threadduke5150 posted Feb 04, 2025 04:09 PM
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forum threadduke5150 posted Feb 04, 2025 04:09 PM

Vanguard lowered internal maintenance fees for VUSXX from 0.09% to 0.07%

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Vanguard lowered internal maintenance fees for VUSXX from 0.09% to 0.07%

https://investor.vanguard.com/inv...file/vusxx
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Vanguard lowered internal maintenance fees for VUSXX from 0.09% to 0.07%

https://investor.vanguard.com/inv...file/vusxx

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Feb 04, 2025 05:24 PM
44 Posts
Joined Nov 2019
MyOtherCarIsATruckFeb 04, 2025 05:24 PM
44 Posts
This fund has been closed to new investors since 2020.
Feb 04, 2025 05:57 PM
438 Posts
Joined Jun 2019
CleverChicken951Feb 04, 2025 05:57 PM
438 Posts
Quote from MyOtherCarIsATruck :
This fund has been closed to new investors since 2020.
Instead it requires minimum initial investment of $3000
Feb 04, 2025 06:03 PM
1,531 Posts
Joined Mar 2006
bluskyeFeb 04, 2025 06:03 PM
1,531 Posts
Quote from CleverChicken951 :
Instead it requires minimum initial investment of $3000
GABXX has $1k initial. May swap out to Vanugard's VUSXX
1
Pro
Feb 04, 2025 06:12 PM
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E4300
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Feb 04, 2025 06:12 PM
2,977 Posts
SGOV's 0.09% expense requires about $100.34 per share to engage. SGOV's price goes up about one penny per trading day. Approximately $0.35 dividend is paid out at the end of the month. One can sell SGOV on ex-dividend date to capture short term capital gain, which can be used to offset capital loss.

One can sell SGOV during market hours to free up cash to buy securities. Mutual fund sale of VUSXX takes one day to clear.
Last edited by E4300 February 4, 2025 at 11:20 AM.
Feb 04, 2025 06:43 PM
438 Posts
Joined Jun 2019
CleverChicken951Feb 04, 2025 06:43 PM
438 Posts
Quote from E4300 :
SGOV's 0.09% expense requires about $100.34 per share to engage. SGOV's price goes up about one penny per trading day. Approximately $0.35 dividend is paid out at the end of the month. One can sell SGOV on ex-dividend date to capture short term capital gain, which can be used to offset capital loss.

One can sell SGOV during market hours to free up cash to buy securities. Mutual fund sale of VUSXX takes one day to clear.
Wonder if we could compare returns/yield of SGOV, VMFXX, VUSXX on a graph over the last 12 months?

Is it good idea to keep emergency funds in SGOV?
Any comments on BOXX, although it has much higher expense ratio ?
Last edited by CleverChicken951 February 4, 2025 at 11:50 AM.
Feb 04, 2025 07:00 PM
1,531 Posts
Joined Mar 2006
bluskyeFeb 04, 2025 07:00 PM
1,531 Posts
Quote from E4300 :
SGOV's 0.09% expense requires about $100.34 per share to engage. SGOV's price goes up about one penny per trading day. Approximately $0.35 dividend is paid out at the end of the month. One can sell SGOV on ex-dividend date to capture short term capital gain, which can be used to offset capital loss.

One can sell SGOV during market hours to free up cash to buy securities. Mutual fund sale of VUSXX takes one day to clear.
Not sure what you talking about, any securities sold off, the funds will settle in your cash bucket following day. T+1 rule. It used to be 3 days. There is no replacement to having cash ready on-hand.
Pro
Feb 04, 2025 08:45 PM
2,977 Posts
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E4300
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Feb 04, 2025 08:45 PM
2,977 Posts
Quote from bluskye :
Not sure what you talking about, any securities sold off, the funds will settle in your cash bucket following day. T+1 rule. It used to be 3 days. There is no replacement to having cash ready on-hand.
If you sell $100 VUSXX during market hours today, that $100 is not available for investment until the next day (T+1). Selling one share of SGOV during market hours will free up approximately $100 in buying power to buy stock, instantly. The cash proceed from SGOV is available the next day (T-1). Fidelity's core money market or FDLXX also provides real time buying power.

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Feb 04, 2025 08:51 PM
7,596 Posts
Joined Sep 2008
DogAndPonyFeb 04, 2025 08:51 PM
7,596 Posts
In for 100
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Feb 04, 2025 09:13 PM
2,977 Posts
Joined Sep 2011
E4300
Pro
Feb 04, 2025 09:13 PM
2,977 Posts
Quote from CleverChicken951 :
Wonder if we could compare returns/yield of SGOV, VMFXX, VUSXX on a graph over the last 12 months?

Is it good idea to keep emergency funds in SGOV?
Any comments on BOXX, although it has much higher expense ratio ?
Yield on SGOV mirrors 1-3 months t-bills, minus 0.09% expense. $0.363396 dividend will be paid on 2/6 to cover the last 30 days. That translates to $4.42 annual dividend at a cost of $100.34/share or 4.4%. I would expect the yield to fall to 4.25% as older t-bills mature.

The main advantage of SGOV is instant buying power during trading hours.
I also buy SGOV in real time with the proceed of stock sale. No need to wait for T+1 to buy into a money market fund.

The main disadvantage of SGOV is the SEC fee when selling SGOV to free up buying power.
Feb 04, 2025 09:18 PM
1,661 Posts
Joined Jan 2006
whodiiniFeb 04, 2025 09:18 PM
1,661 Posts
Quote from E4300 :
If you sell $100 VUSXX during market hours today, that $100 is not available for investment until the next day (T+1). Selling one share of SGOV during market hours will free up approximately $100 in buying power to buy stock, instantly. The cash proceed from SGOV is available the next day (T-1). Fidelity's core money market or FDLXX also provides real time buying power.
It depends on which brokerage you hold these in. If you hold in Vanguard brokerage, you can use the buying power real time. If you hold in a Fidelity brokerage, you are correct, it takes one day. Likewise if have FDLXX in a fidelitty brokerage, you can use the buying power real time. If you have FDLXX in a Vanguard brokerage, it takes one day.
Feb 05, 2025 01:48 AM
1,661 Posts
Joined Jan 2006
whodiiniFeb 05, 2025 01:48 AM
1,661 Posts
apples to apples comparison:
FDLXX: 3.98 % .42% expense no min
VUSXX: 4.26% .07% expense $3k min
SNSXX 4.03% .34% expense no min
SGOV 4.28% .093% expense (including SEC fee) no min

These are all treasury mmkt or very short term, so mostly no state tax on earnings. (accurate statement to around 95%
-100% state tax free)
Seems that if you have a vangaurd brokerage acct, you should use VUSXX. All others use SGOV.

For perspective, a .25% difference on $100k is $250/year.
Last edited by whodiini February 4, 2025 at 06:54 PM.

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