> We also have a product called Mercury Treasury. This allows you to invest in mutual funds, the safest of which is a Vanguard Treasury Money Market fund (VUSXX

> We also have a product called Mercury Treasury. This allows you to invest in mutual funds, the safest of which is a Vanguard Treasury Money Market fund (VUSXX) Mercury charges 60bps for their Treasury product. Why the hefty fee for buying MMFs? VUSXX expense ratio is 9bps for comparison.