Fees youwon'tpay at Vanguard
Commissions
Enjoy commission-free trades when you buy or sell ETFs (exchange-traded funds) online.
Account service fees
A fee that's deducted from your account to cover the cost of maintaining the account.
At Vanguard, these annual fees range from $15 to $25 depending on the type of account you own.
Find out how you can avoid these fees
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 77% less than the industry average.*
Vanguard's low fees can help you save * -
$250,000
5%
15 years
-
Average investment firm -
*As of December 31, 2023, Vanguard's average mutual fund and ETF expense ratio is 0.08%. Industry average mutual fund and ETF expense ratio:0.44%. Allaverages are asset-weighted. Industry averages exclude Vanguard. Sources: Vanguard and Morningstar, Inc., as of December 31, 2023. This is a hypotheticalcalculation that does not represent any particular investment and does not account for inflation. Results shown are not guaranteed. There may be other material differences between investment products that must be considered prior to investing.
