Personal Investors

Important performance information for Vanguard ETF® Shares

Vanguard ETFs® are a class of shares listed for trading on an exchange. The shares are available only through a broker, including Vanguard Brokerage Services®.

The market price is determined by the midpoint between the bid/offer as of the closing time of the New York Stock Exchange (typically 4 p.m., Eastern time).

The net asset value (NAV) is determined as of the closing time of the New York Stock Exchange (typically 4 p.m., Eastern time).

Total returns

Short-term total return information is provided only as a service. Historical performance is no guarantee of future returns, particularly when reviewing short-term performance. Share price, yield, and return on an actual investment will fluctuate, and you may have a gain or loss when you sell your shares. Average annual returns include reinvestment of dividends and capital gains.

Since-inception returns for less than one year and year-to-date returns are not annualized.

Index performance is provided as a benchmark but is not illustrative of any particular investment. An investment cannot be made in an index.

Standardized returns

To see quarterly, fee-adjusted returns, click a specific ETF name and view its profile page.

Expense ratios

Expense ratios are displayed on each ETF's Overview page. For ETFs less than one fiscal year old, the expense ratios are estimated.

Prospectus information for investment professionals

The prospectus describes every Vanguard ETF, including investment risks, objectives and strategies, past performance, and management. To download a prospectus, click the Prospectus & reports link in the top menu of each Vanguard ETF's profile page, or ask us to mail you one. Investment objectives, risks, charges, expenses, and other important information about an ETF are contained in the prospectus; read and consider it carefully before investing.

© 1995–2018  The Vanguard Group, Inc. All rights reserved. Vanguard Marketing Corporation, Distributor of the Vanguard Funds. Your use of this site signifies that you accept our terms & conditions of use.
Privacy policy  |  AdChoices  |  Security  |  Prospectuses  |  Careers  |  Mobile  |  Feedback