Fees youwon'tpay at Vanguard
Commissions
Enjoy commission-free trades when you buy or sell ETFs (exchange-traded funds) online.
Broker-assisted trading fees
You won't pay any extra fees to have one of our investment professionals place a Vanguard ETF®trade for you.
Account service fees
It's easy to avoid mostaccount service fees. Simply sign up forelectronic deliveryof your account documents—such as statements, confirmations, and fund prospectuses and reports.
Already have a Vanguard account? These fees are automatically waived for Voyager, Voyager Select, Flagship, and Flagship Select clients.
Minimums & account balances
No minimum initial investment requirement
You don't need thousands of dollars to start investing in an ETF. You can buy a Vanguard ETF for as little as $1.
No minimum account balance
You only need enough money in yoursettlement fundto cover the cost of the ETFs you want to buy.
Other costs associated with ETFs
Bid-ask spreads
Thebid-ask spreadis the difference between the bid price (the highest price a buyer is willing to pay for a specific ETF) and the ask price (the lowest price a seller is willing accept) at a specific time.
Spreads vary based on the ETF's supply and demand. For Vanguard ETFs®, spreads generally range from $0.01 to $0.25, although spreads may be wider in volatile markets.
Expense ratios
Every ETF has anexpense ratio, but Vanguard's average is 75% less than the industry average.*
Amount you can save at Vanguard:
Compare Vanguard with the industry average and see how expense ratios affect your bottom line
This hypothetical illustration assumes a 6% return for all examples. Rate is not guaranteed. If the rate of return were altered, results would vary from those shown. The final balance shown is after costs. This example doesn't represent any particular investment and doesn't account for inflation. There may be other material differences between investment products that must be considered prior to investing.
All averages are asset-weighted. Industry averages exclude Vanguard. Sources: Vanguard and Morningstar, Inc., as of December 31, 2021.
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Initial investment amounts
- $50,000
- $250,000
- $500,000
Initial investment amounts
- $50,000
- $250,000
- $500,000
