Types of non-Vanguard funds available
Vanguard Brokerage clients can choose from thousands of non-Vanguard funds, many without commissions or loads.
Funds available with no transaction fees (NTF) are subject to the greater of the FundAccess® program minimum investment requirements ($3,000 initial and $1,000 additional investments for nonretirement accounts and $1,000 initial and additional investments for IRAs) or the minimum investment requirements as identified in the fund's prospectus. From time to time, Vanguard Brokerage Services® ("Vanguard Brokerage") may negotiate minimum investment requirements with a particular fund family that are greater than or less than the program standards noted above.
Shares in NTF funds held less than or equal to 60 calendar days carry a $50 redemption fee imposed by Vanguard Brokerage Services (VBS) along with any short-term redemption fees charged by the outside fund family. For Vanguard Brokerage Option accounts held through an employer-sponsored retirement plan, NTF funds shares held less than or equal to 180 calendar days carry a 1% redemption fee ($50 minimum, $250 maximum) imposed by VBS. (The redemption fee is waived for shares transferred from another brokerage firm or financial institution.)
There is no transaction fee for dollar-cost averaging.
Transaction-fee (TF) and load (LOAD) funds are subject to the greater of the FundAccess program minimum investment requirements ($1,000 initial and additional investments for nonretirement accounts and IRAs) or the minimum investment requirements as identified in their prospectus.
Load-waived funds are those for which the fund family normally charges a sales fee ("load") but waives the fee for clients or trading platforms that meet certain criteria, like purchasing the funds through your Vanguard Brokerage Account. Vanguard Brokerage frequently negotiates arrangements with fund families to offer their funds without a load to our clients.
Note: From time to time, Vanguard Brokerage may negotiate minimum investment requirements with a particular fund family that are greater than or less than the program standards noted above. Individual fund families may impose additional minimums, fees, or charges. For complete information, read the fund prospectus carefully before investing. The offering conditions of the various funds included in the FundAccess program are subject to change at any time, including, but not limited to, fee classification (NTF, TF, or LOAD) and transfer eligibility.