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What's a mutual fund?
A mutual fund is a collection of investors' money that fund managers use to invest in stocks, bonds, and other securities.
Our average expense ratio across our index mutual funds and ETFs is 83% lower than the industry average.*
Less risk through more diversification
One mutual fund can invest in hundreds—sometimes thousands—of individual securities at once. So if any one security does poorly, the others are there to help offset that risk.
You don’t have to keep track of every security your mutual fund owns. The fund is managed by experts who take care of that for you.
You can buy and sell mutual fund shares online and set up automatic investments and withdrawals.
More than an investor
You're not just a client when you invest with us. You're also an owner. See what makes Vanguard different.
- See your accounts at a glance
- A detailed look at your portfolio
- A snapshot of your retirement savings
- One page for your trading needs
- Easily manage your profile preferences
Enjoy the benefits of diversification, tax efficiency, and low costs with index mutual funds.
Actively managed funds
Our diligent selection of talent, paired with our consistent investment approach and client-first focus, sets our actively managed funds apart.
Target retirement funds
You make just one decision and the fund's managers do all the rebalancing for you.
Invest in what matters to you. Our ESG (environmental, social, governance) funds allow you to invest in funds that align with your personal preferences.
Choose from more than just Vanguard funds
Your choice, your way. Your brokerage account gives you access to a wide variety of mutual funds—many without commissions—from hundreds of companies.
Investing on your own?
Check out key information you can use as you begin your successful DIY investing journey.
Get professional advice
We offer expert help at the low cost we're known for.
Other investment products
We have a variety of products to select from. See which best fits your needs.
Frequently asked questions
*Vanguard average index ETF and mutual fund expense ratio: 0.06%. Industry average index ETF and mutual fund expense ratio: 0.23%. All averages are asset-weighted. Industry average excludes Vanguard. Sources: Vanguard and Morningstar, Inc., as of December 31, 2022.
All investing is subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit or protect against a loss.
Vanguard's advice services are provided by Vanguard Advisers, Inc. ("VAI"), a registered investment advisor, or by Vanguard National Trust Company ("VNTC"), a federally chartered, limited-purpose trust company.
The services provided to clients will vary based upon the service selected, including management, fees, eligibility, and access to an advisor. Find VAI's Form CRS and each program's advisory brochure here for an overview.
VAI and VNTC are subsidiaries of The Vanguard Group, Inc., and affiliates of Vanguard Marketing Corporation. Neither VAI, VNTC, nor its affiliates guarantee profits or protection from losses.