Investment costs count

Keep more of what you earn. The average
mutual fund charges six times as much as
Vanguard does.* The difference can add
up over time.

* Source: Lipper Inc. 12/31/2007. All mutual funds are subject to risk.

Personal Investors

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Investment costs count

Keep more of what you earn. The average mutual fund charges six times as much as Vanguard does.* The difference can add up over time.

* Source: Lipper Inc. 12/31/2007. All mutual funds are subject to risk.

Personal Investors

Other Vanguard sites

Keep more of what you earn. The average
mutual fund charges six times as much as
Vanguard does.* The difference can add
up over time.