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Trading during the Extended Hours overnight session carries unique and additional risks, such as lower liquidity and higher price volatility, and may not be appropriate for all investors. By entering an order during the overnight session you agree to the terms and conditions set forth in the Extended Hours Trading Agreement.
Data quoted represents past performance. Past performance is not an indication of future results, and investment returns and share prices fluctuate on a daily basis. Your investment may be worth more or less than your original cost when you redeem your shares. Current performance may be lower or higher than the performance data quoted. Performance is based on market returns. For the most recent month-end performance and current performance metrics, please click on the fund name. Exchange-traded fund (ETF) shares cannot be redeemed directly from the ETF.
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, please click on the fund name.
ETFs are subject to risks similar to those of other diversified portfolios. Although ETFs are designed to provide investment results that generally correspond to the performance of their respective underlying indices, they may not be able to exactly replicate the performance of the indices because of expenses and other factors. ETFs are required to distribute portfolio gains to shareholders at year end. These gains may be generated by portfolio rebalancing or the need to meet diversification requirements. ETF trading will also generate tax consequences.
Exchange-traded notes (ETNs) are complex products subject to significant risks and may not be suitable for all investors. ETNs are unsecured, unsubordinated debt obligations of the company that issues them, and they have no principal protection. Although an ETN's performance is contractually tied to the market index it is designed to track, ETNs do not hold any assets. Therefore, unlike investors in exchange-traded funds (ETFs), which hold assets that could be liquidated in the event of a failure of the ETF issuer, ETN investors would have only an unsecured claim for payment against the ETN issuer in the event of the issuer's failure. Before investing, please carefully consider the creditworthiness of the ETN issuer and the ETNs investment objectives, risks, fees, and charges.
Leveraged ETFs are designed to achieve their investment objective on a daily basis meaning that they are not designed to track the underlying index over an extended period of time. Leverage can increase volatility. Inverse ETFs attempt to deliver returns that are the opposite of the underlying index's returns. Typically, the longer you hold a Leveraged or Inverse ETF, the greater your potential loss. Accordingly, Leveraged and Inverse ETFs may not be suitable for investors who plan to hold positions for longer than one trading session. These products are designed for highly experienced traders who understand their risks, including the impact of daily compounding of leveraged investment returns, and who actively monitor their positions throughout the trading day. Please read the Prospectus carefully before making your final investment decision.
The Morningstar Rating™ for funds is calculated for management investment company products registered under the Investment Company Act of 1940 (including mutual funds, exchange-traded funds and closed-end funds) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are analyzed as a single product category for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.
All-Star lists are not a recommendation by E*TRADE Securities or its affiliates to buy, sell or hold any security, financial product or instrument, nor is it an endorsement of any specific security, company, fund family, product, or service.
All-Star ETFs are selected based on characteristics that make them most representative of a specific asset class or market segment based on the underlying index the ETF is seeking to replicate, as well as the ETF's underlying holdings. Additional factors that are considered in the selection process include historical performance, tracking error, expenses, and liquidity. The ETFs considered for selection are passively managed, and inverse and leveraged funds are not considered. All-Star ETFs typically have at least six months of trading history and are sponsored by a well-balanced firm. To learn more, please visit
An affiliated product means that the security is issued, sponsored, or managed by an affiliate of E*TRADE Securities. E*TRADE and/or its affiliates generally earn more money from purchases of affiliated securities than from purchases of other unaffiliated products.
Expense ratios are provided by Morningstar and are based on information obtained from the mutual fund's last audited financial statement. Current expense ratios for the funds may be different.
Yield is a measure of the fund's income distributions, as a percentage of the fund price. Morningstar calculates this figure by summing the income distributions over the trailing 12 months and dividing that by the sum of the last month's ending NAV plus any capital gains distributed over the 12-month period.
For definition of terms, please click on the Data Definitions link. Data definitions provided by Morningstar and E*TRADE Securities.
Data provided by Morningstar, Inc.
1. E*TRADE credits and offers may be subject to U.S. withholding taxes and reporting at retail value. Taxes related to these credits and offers are the customer’s responsibility.

You will not receive cash compensation for any unused free trade commissions. Excludes current E*TRADE Financial Holdings, LLC, a business of Morgan Stanley associates, and non-U.S. residents. This offer is not valid for Unincorporated Organization or E*TRADE Bank accounts. New funds or securities must remain in the account (minus any trading losses) for a minimum of six months or the credit may be surrendered. One promotion per customer. E*TRADE Securities reserves the right to terminate this offer at any time. Consult your tax professional regarding limits on depositing and rolling over qualified assets.