companies are subject to risks including country/regional risk and currency risk. Investments in stocks or bonds issued by non-U.S. Fluctuations in the financial markets and other factors may cause declines in the value of your account.īond funds are subject to the risk that an issuer will fail to make payments on time, and that bond prices will decline because of rising interest rates or negative perceptions of an issuer's ability to make payments. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income. Diversification does not ensure a profit or protect against a loss. 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.Īll investing is subject to risk, including the possible loss of the money you invest. 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).
