Exchange-traded funds (ETFs) have the trading flexibility of a stock and can potentially provide easy access to a broad number of securities.   ETFs are portfolios of securities that track an index, offering an alternative to traditional index mutual funds and are listed on an exchange with fluctuating value throughout the day. ETFs also give you access to specific sectors or industries, market capitalizations, asset classes, and investment strategies with domestic and international exposure.

There are a wide variety of ETFs available. Investors should always screen, evaluate, and monitor ETFs before and after investing. The fund's prospectus contains its investment objectives, risks, charges, expenses and other important information and should be read and considered carefully before investing.

*Broker-assisted orders are an additional $6.

The following resources provide additional information about ETFs

FINRA Exchange Traded Funds http://www.finra.org/investors/4-ways-etfs-are-not-all-alike 
Securities and Exchange Commission Investor Alerts http://www.sec.gov/investor/alerts/etfs.pdf 

ETFs can entail risks similar to direct stock ownership, including market, sector, or industry risks. Some ETFs may involve international risk, currency risk, commodity risk, and interest rate risk. Trading prices may not reflect the net asset value of the underlying securities.

ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.