Fees & Commissions

Costs, fees & minimums

See how Vanguard's low-cost approach can help you make the most of your money. You'll never pay a commission to buy or sell Vanguard mutual funds or ETFs in your Vanguard accounts.

Investment costs

Expense ratios

The average Vanguard mutual fund and ETF (exchange-traded fund) expense ratio is 83% less than the industry average.*

Vanguard fund trading fees

Never pay a commission when you buy and sell Vanguard mutual funds and ETFs in your Vanguard account.

A few Vanguard mutual funds charge fees designed to help cover high transaction costs and discourage short-term trading.

$0 trading commissions

Pay nothing to trade stocks, ETFs, and Vanguard mutual funds online. Enjoy access to more than 160 no-transaction-fee mutual funds from Vanguard and more than 3,000 funds from other companies.

Account & advice fees

Account & advice fees

A $20 annual fee applies to each of your brokerage and mutual-fund-only accounts.

Find out how easy it is to avoid these fees

SIMPLE IRAs, Individual 401(k)s, and Vanguard 529 Plan accounts have special account service fees.

Personal Advisor Services asset managment fee

The annual fee for Vanguard Personal Advisor Services® is only 0.30% of assets under management.

Digital Advisor asset management fee

The annual fee for Vanguard Digital Advisor™ is only 0.15% of assets under managment.**

Minimum investing requirements

Mutual funds

Most Vanguard mutual funds require a minimum investment of $3,000.***

But you can invest in any Vanguard Target Retirement Fund or in Vanguard STAR® Fund with as little as $1,000.

Get details on fees & minimums for Vanguard mutual funds

SIMPLE IRAs, Individual 401(k)s, and Vanguard 529 Plan accounts have special account service fees.

Minimums for non-Vanguard mutual funds vary by fund. Details are available in each fund profile.

ETFs

The minimum investment for all Vanguard and non-Vanguard ETFs is simply the price of one share.

Get details on costs & minimums for Vanguard ETFs

Stocks, CDs & bonds

The minimum investment for individual securities is also the price of one share.

Buy and sell:

Stocks