The fund seeks to provide long-term growth of capital and increasing income, and will use the
For taxable accounts, IRAs and custodial accounts, the minimum initial investment is $3,000; for education savings accounts the minimum initial investment is $2,000.
As part of its goal to expand its exchange-traded fund offerings, Vanguard has also filed a registration statement with the
"We are committed to expanding our suite of ETFs to include broad market, style, sector and specialty funds with costs that are considerably lower than many competing products," said Vanguard CIO Gus Sauter.