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VCTXX - Expense Ratio vs. Yield
Old 08-11-2013, 10:06 AM   #1
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VCTXX - Expense Ratio vs. Yield

Can anybody help me understand Vanguard CA Tax-Exempt Money Market Inv VCTXX? I see from Vanguard's site that they have an expense ratio of 0.16% and an SEC Yield of 0.01% (currently).

Since 0.16% > 0.01%, will I lose money if I invest here?

... at least the loss would be tax free.
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Old 08-11-2013, 10:34 AM   #2
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No, the 0.01% SEC yield is after expenses.
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Old 08-11-2013, 04:44 PM   #3
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What he said.
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