ETFS vs. Investment funds: Choose |Vanguard (2024)

*Commission-free trade of VANGUARD ETFs applies to transactions that have been placed online and by telephone. Commission-free trade of non-vanguard ETFs excluding leverage and reverse ETFs and only applies to online transactions posted; most customers payA committee to buy or sell non-vanguard ETFs by telephone. It also excludes livered and reverse ETFs, which cannot be purchased through Vanguard but can be sold with a committee.(K) Participants with the help of the self-driven brokerage option; see the current schedule of your plan. Vanguard Brokerage reserves the right to change the non-Vanguard ETFs in these offers at any time. All ETFs are subject toManagement costs and costs; Consult the prospectus of each ETF for more information. Account service costs can also apply. All ETF sales are subject to a securities transaction costs. See the Vanguard Brokerage Services® Commission and Fee schemes for full details.

** VANGUARD Target Retirement Funds and Vanguard Star® Fund have a minimum of $ 1,000. Most other Vanguard funds have a minimum of $ 3,000.be provided inEvery fund profile.

You must buy and sell VANGUARD ETF shares through Vanguard Brokerage Services (we offer them-free committee) or through another broker (those committees can charge). See theVanguard Brokerage Services Commission and cost schedulesFor limits.vanguard ETF shares cannot be exchanged directly with the issuing fund, except in very large aggregations that are worth millions of dollars .etfs are subject to market volatility. When buying or selling an ETF you pay or will receive the current market price,which may be more or less than the net assets.

All investments are subject to risks, including the possible loss of the money you invest. Diversification does not cause a profit or protects against loss. There is no guarantee that a certain asset spread or mix of funds will meet your investment objectives or a particular oneLevel of income will offer. Funds that concentrate on a relatively narrow market sector run the risk of higher volatility of the share price.

For more information about Vanguard funds or ETFs you can visit Vanguard.com for a prospectus or, if available, a short prospectus consider it carefully before investing.

*Commission-free trade in Vanguard ETFs apply to transactions that have both online and telephone.Wander ETFs via telephone.;See the current committee plan of your plan.can also apply.ETF sales is subject to a securities transaction costs.

** VANGUARD Target Retirement Funds and Vanguard Star® Fund has at least $ 1,000.Specific details can be found inEvery fund profile.

You must buy and sell Vanguard ETF shares through Vanguard Brokerage Services (we offer them-free committee) or through another broker (who can charge committees).Vanguard Brokerage Services Commission and cost plansFor limits.Vanguard ETF shares cannot be exchanged directly with the issuing fund, except in very large aggregations that are worth millions of dollars.

All investments are subject to risks, including the possible loss of the money you invest. There is no guarantee that a certain assets allocation or the mixing of funds will achieve your investment goals or give you a certain income level.