When buying or selling an ETF, you will pay or receive the current market price, which may be more or less than net asset value.The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Vanguard ETF Shares are not redeemable directly with the issuing fund other than in very large aggregations worth millions of dollars. See the Vanguard Brokerage Services commission and fee schedules for full details. You must buy and sell Vanguard ETF Shares through Vanguard Brokerage Services (we offer them commission-free) or through another broker (which may charge commissions). Neither VAI, VGI, nor VMC guarantees profits or protection from losses. (“VGI”), and an affiliate of Vanguard Marketing Corporation. VAI is a subsidiary of The Vanguard Group, Inc. ("VAI"), a federally registered investment advisor. Vanguard Personal Advisor Services and Vanguard Digital Advisor's services are provided by Vanguard Advisers, Inc. Diversification does not ensure a profit or protect against a loss. The OIC can provide you with balanced options education and tools to assist you with your options questions and trading.Īll investing is subject to risk, including the possible loss of the money you invest. Call The Options Industry Council (OIC) helpline at 888-OPTIONS or visit for more information. No statement in the booklet should be construed as a recommendation to buy or sell a security or to provide investment advice. The booklet contains information on options issued by OCC. Franklin Street, Suite 1200, Chicago, IL 60606 (88 or 888-OPTIONS). It may also be obtained from your broker, any exchange on which options are traded, or by contacting OCC at 125 S. Before buying or selling options, you must receive a copy of Characteristics and Risks of Standardized Options issued by OCC. Options involve risk, including the possibility that you could lose more money than you invest.
**Options are a leveraged investment and aren't suitable for every investor. *For market orders on the Standard & Poor’s 500 Index sizes 100–499 for the 12-month period ended December 31, 2020. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus read and consider it carefully before investing. For more information about Vanguard funds or ETFs, visit to obtain a prospectus or, if available, a summary prospectus.
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