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How to invest

Low-cost, no-load funds are just the start

Get the most for your money: low costs, diligent fund management, and exceptional service.
4 minute read

What you can expect from Vanguard no-load mutual funds

We keep your investing costs low

The average Vanguard mutual fund expense ratio is 84% less than the industry average.*

What does that mean for you? When less is taken out of your funds' earnings to cover expenses, more stays in your account—where it belongs.

See the difference low-cost mutual funds can make

See how Admiral™ Shares help keep your costs under control

Get details on fees & minimums for Vanguard mutual funds

We have a track record of competitive long-term performance

82% of Vanguard no-load mutual funds performed better than their peer-group averages over the past 10 years.**

Explore different types of mutual funds

We hire top mutual fund managers

If you're looking for index funds, look no further. As the company that launched the first index fund for individual investors, we have expert fund managers with decades of experience. Our Equity Investment and Fixed Income Groups have the experience and expertise you'd expect from the company that pioneered index investing.

See how Vanguard index funds stand above the rest

You can also check out our wide selection of actively managed funds. We complement our in-house teams with portfolio managers from around the world, who embrace our values and long-term perspective. These managers are rigorously selected for their experience, expertise, and data-driven processes that promote sound decision-making.

Find out if actively managed funds could help you beat the market

What you can expect every day as a Vanguard client

The help you need, when you need it

Whether you're handling day-to-day account management tasks or taking an in-depth look at your portfolio, you can count on the high-quality service you'd expect from an industry leader.

Get help & advice to narrow your options

Opportunities for higher levels of personal attention

As your account grows, you can look forward to decreasing costs and increasing levels of personalization and advice.

See what you get as a Voyager or Flagship Services client

All the investment flexibility you want

Interested in expanding your portfolio beyond Vanguard mutual funds? With a Vanguard Brokerage Account, you can choose from more than 60 Vanguard ETFs® (exchange-traded funds), gain access to thousands of non-Vanguard mutual funds and ETFs, or complement your portfolio with individual stocks, bonds, and certificates of deposit (CDs).

Experience the Vanguard ETF® advantage

Explore all your investment choices available through Vanguard

We're here to help

Have questions? Contact us

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For more information about Vanguard mutual funds and ETFs, visit Vanguard mutual fund prospectuses or Vanguard ETF prospectuses to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information are contained in the prospectus; read and consider it carefully before investing.

*Vanguard average expense ratio: 0.07%. Industry average expense ratio: 0.20%. All averages are for index mutual funds and ETFs and are asset-weighted. Industry average excludes Vanguard. Sources: Vanguard and Morningstar, Inc., as of December 31, 2020.

**For the 10-year period ended December 31, 2020, 7 of 7 Vanguard money market funds, 57 of 70 Vanguard bond funds, 23 of 24 Vanguard balanced funds, and 95 of 122 Vanguard stock funds—for a total of 182 of 223 Vanguard funds—outperformed their Lipper peer-group average. Results will vary for other time periods. Only mutual funds with a minimum 10-year history were included in the comparison. Source: Lipper, a Thomson Reuters Company. The competitive performance data shown represent past performance, which is not a guarantee of future results. View fund performance

You must buy and sell Vanguard ETF Shares through a broker like Vanguard Brokerage Services (we offer them commission-free) or through another broker (you may incur commissions). See the Vanguard Brokerage Services commission and fee schedules for limits. Vanguard ETF Shares aren't redeemable directly with the issuing fund other than very large aggregations worth millions of dollars. Like stocks, ETFs are subject to market volatility. When buying or selling an ETF, you'll pay or receive the current market price, which may be more or less than net asset value.

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.