Vanguard Small-Cap Index Fund Institutional Shares

E*TRADE Adds More Than 120 No-Load, No-Transaction-Fee Mutual Funds to Its Platform, Now Totaling More Than 4,400 Funds

NEW YORK--(BUSINESS WIRE)--E*TRADE Financial Corporation (NASDAQ:ETFC) today announced it is the first among major online brokers to offer no-load, no-transaction-fee Vanguard mutual funds on its platform. With this new offering, customers can access 124 Vanguard mutual funds for their investment strategy on a no-transaction-fee basis. Investors are able to choose from a wide variety of actively managed funds, including alternative, balanced, domestic and international equity, sector, municipal and taxable bond, and target date funds. With this enhancement, E*TRADE now offers more than 4,400 no-load, no-transaction-fee mutual funds for customers. These Vanguard mutual funds are in addition to the 32 Vanguard commission-free ETFs E*TRADE included on its platform of more than 250 commission-free ETFs in June. “We are thrilled to add these funds to our complete suite of investment products, from stocks to bonds to ETFs,” said Rich Messina, SVP of Investment Product at E*TRADE Financial. “We are always looking for ways to give our customers more choice at a low cost. This expansion of our no-load, no-transaction-fee mutual fund offering gives investors the opportunity to gain exposure to active management with no transaction fees. That means more of their money can work for them.” No-load, no-transaction-fee Vanguard mutual funds added to the E*TRADE platform include: E*TRADE aims to enhance the financial independence of traders and investors through a powerful digital offering and professional guidance. To learn more about E*TRADE’s trading and investing platforms and tools, visit etrade.com. For useful trading and investing insights from E*TRADE, follow the company on Twitter, @ETRADE. About E*TRADE Financial and Important Notices The fund's prospectus contains its investment objectives, risks, charges, expenses, and other important information and should be read and considered carefully before investing. For a current prospectus, visit www.etrade.com/mutualfunds or etrade.com/etf. You can invest in the mutual funds available through E*TRADE Securities’ no-load, no-transaction-fee program without paying loads, transaction fees, or commissions. To discourage short-term trading, E*TRADE Securities will charge an Early Redemption Fee of $49.99 on redemptions or exchanges of no-load, no-transaction-fee funds that are held for less than 90 days. Direxion funds (other than the Indexed Commodity Strategy Fund DXCTX), ProFunds, Rydex mutual funds, and all money market funds are not subject to the Early Redemption Fee. All fees and expenses as described in the fund's prospectus still apply. Please read the fund's prospectus carefully before investing. About E*TRADE's Commission-Free ETF Program You can buy and sell the exchange-traded funds (ETFs) available through the E*TRADE Securities (ETS) Commission-Free ETF Program without paying brokerage commissions. For margin customers, certain ETFs purchased through the program are not margin eligible for 30 days from the purchase date. To discourage short-term trading, ETS may charge a short-term trading fee on sales of participating ETFs held less than 30 days. The list of commission-free ETFs is subject to change at any time without notice. ETS has contracted with certain ETF companies to receive compensation in connection with the purchase of ETFs offered commission-free through ETS. This additional compensation is paid by an affiliate of the ETF. The compensation ETS receives as a result of these relationships is paid based on initial setup fees, and a percentage of invested assets ranging from 0 to 0.15% per annum, depending on the fund company. If you have any questions about the Commission-Free ETF Program, call us anytime at 800-ETRADE-1 (800-387-2331). E*TRADE Financial and its subsidiaries provide financial services, including brokerage and banking products and services, to retail customers. Securities products and services, including mutual funds, are offered by E*TRADE Securities LLC (Member FINRA/SIPC). Commodity futures and options on futures products and services are offered by E*TRADE Futures LLC (Member NFA). Managed Account Solutions are offered through E*TRADE Capital Management, LLC, a Registered Investment Adviser. Bank products and services are offered by E*TRADE Bank, and RIA custody solutions are offered by E*TRADE Savings Bank, both of which are federal savings banks (Members FDIC). More information is available at www.etrade.com. The information provided herein is for general informational purposes only and should not be considered investment advice. Past performance does not guarantee future results. E*TRADE Financial, E*TRADE, and the E*TRADE logo are trademarks or registered trademarks of E*TRADE Financial Corporation. ETFC-G © 2018 E*TRADE Financial Corporation. All rights reserved.