Low-cost, no-load funds are just the start
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.
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.**
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.
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.
Revenue for a specified period of time, after related costs and expenses have been deducted.
No-load mutual fund
A fund that charges no sales fees either on the front end (when you buy fund shares) or back end (when you sell fund shares).
A type of mutual fund that tries to match the performance of a specific index (sometimes referred to as a "benchmark") by buying and holding all or a representative sample of the securities in the index, in the same proportions as their weightings in the index.
Actively managed fund
A fund that seeks to outperform the average returns of a particular market index (sometimes referred to as a "benchmark"). Active managers rely on research, market forecasts, and their own judgment and experience in selecting securities to buy and sell.
The sum total of all your investments.
ETF (exchange-traded fund)
A type of investment with characteristics of both mutual funds and individual stocks. ETFs are professionally managed and typically diversified, like mutual funds, but they can be bought and sold at any point during the trading day.
Usually refers to common stock, which is an investment that represents part ownership in a corporation. Each share of stock is a proportional stake in the corporation's assets and profits.
A bond represents a loan made to a corporation or government in exchange for regular interest payments. The bond issuer agrees to pay back the loan by specific date.
Certificate of deposit (CD)
An insured, interest-bearing deposit that requires the depositor to keep the money invested for a specific period of time or face penalties.
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.
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.
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).
Open your account online
Open your account online
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.