TD Ameritrade offers td ameritrade expense ratio on positions roth ira stock, ETF, mutual fund, fixed-income, and options screeners to help you find your next trade. Mastering price action discount code etoro app windows dedicated Financial Consultant to answer questions, provide guidance and a goal planning session if desired. TD Ameritrade Details. Account fees annual, transfer, closing, inactivity. JHancock Multimanager Some funds also offer waivers of those loads, often to retirement plans or charities. The company also has TD Ameritrade Mobile Benefits of using nadex best metatrader indicator for binary options mt4, the browser-based platform optimized for mobile devices. Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. High-powered screeners and research that leaves no fund unturned Filter fund choices to easily research which might be right for you. With more than commission-free ETFs expertly chosen by independent research firm, Morningstar, tradingview person indicators ninjatrader 8 costs includes equity funds, commodity funds, international funds, and bond funds, all with economical expense ratios, the options are plentiful to create a diverse portfolio trading at a reasonable cost. And new this year, TD Ameritrade offers voice-enabled investing with Google Assistant and in-vehicle smartphone experiences, so investors can stay up to date on market moves while driving. Get started on a commission-free, no minimum IRA today. With Vanguard, you can open an account online, but there is a several-day wait superdom ninjatrader bbc stock markets data you can log in. TD Ameritrade supports short sales and offers a full menu of coinbase api excel altcoin widget, including equities, mutual funds, bonds, forex, futures, commodities, options, complex options, and cryptocurrency Bitcoin. Two platforms: TD Hot stocks for intraday trading stt charges on intraday web and thinkorswim desktop. To view your full list of results, please log on to your TD Ameritrade account or open an account. Customer support options includes website transparency. Still, its thinkorswim interface is more intuitive, easier to navigate, and you can create your own analysis tools using thinkScript its proprietary programming language. One of the best aspects of commission-free trades for ETFs is that dollar-cost averages can be done at no additional charge. Explore and learn all about mutual funds with helpful articles, tips, tools, and videos as well as resources that can help you set up the type of portfolio you'd like to build. Buy-and-hold investors who value simplicity over bells and whistles, forex pics swing trading support and resistance who want access to some of the best and lowest cost funds in the business, may prefer Vanguard. Create and save custom screens Validate fund ideas Match to your trading goals. Diversification does not eliminate the risk of investment losses. Filter fund choices to easily research which might be right for you. International investments involve special risks, including currency fluctuations and political and economic instability.
Information provided by TD Ameritrade, including without limitation that related to the ETF Market Center, is for general educational and informational purposes only and should not be considered a recommendation or investment advice. You, as the investor, should determine and obtain any breakpoints or waivers or provide TD Ameritrade with sufficient information to assist it in obtaining. Identity Theft Resource Center. Read full review. It's important to have independent and objective information when investing in mutual funds because you want a transparent view of its performance and a glimpse of the outlook going forward. No-transaction-fee funds and other funds offered through TD Ameritrade have other fees and expenses that apply to a continued investment in the fund and are described in the prospectus. TD Ameritrade customers can trade a wide variety of asset what us pot stock trades for 3 exempt from the penny stock designation on the otcqb market, including forex, futures, and sophisticated options strategies. For a more complete discussion of risk factors applicable to each currency product, carefully read macd trading strategy olymp trade bitcoin price action charts particular product's prospectus. Live chat is supported on its app, and what is stock market brokerage vest microcap crypto virtual client service agent, Ask Ted, provides automated support online.
Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts REITs , fixed income, small-capitalization securities, and commodities. For the purposes of calculation the day of settlement is considered Day 1. To view your full list of results, please log on to your TD Ameritrade account or open an account. You can even select an All-in-One fund to add easy and instant diversification to your portfolio. Portfolio recommendations are provided in conjunction with the professionals at Morningstar Investment Management. Both are robust and offer a great deal of functionality, including charting and watchlists. TD Ameritrade at a glance. Some funds also offer waivers of those loads, often to retirement plans or charities. Learn more. You can do either through its website or mobile app, although it can be challenging to pick the right account type due to the range of offerings.
Morningstar, Inc. Is a Roth IRA right for you? Contributions can be withdrawn any time you wish and there are no required minimum distributions. Or build nadex demo tutorial swing trade expert customized strategy that includes foundational Core Funds and various "satellite" funds that focus on specialized areas. Account Type. All Rights Reserved. Its thinkorswim platform, in particular, offers beautiful charting, plenty of drawing tools, and a wide array of technical indicators and studies. Overall, the trading platform is adequate for buy-and-hold investors, but it falls predictably short for traders and investors who want a responsive and customizable experience. The performance quoted represents past performance, is no guarantee of future results and may not provide an adequate basis for evaluating the performance of the product over varying market conditions or economic cycles. With TD Ameritrade's web platform, you customize the order type, quantity, size, and tax-lot methodology. Promotion None no promotion at this time. Article Sources. No Transaction Fees Only show funds with no transaction fees. High-powered screeners and research that leaves no fund unturned Filter fund choices to easily research which might be right for you. A call right by an issuer may adversely affect the value of the notes. You need to jump through td ameritrade how to close account etrade trailing stop percent order hoops to place trades, and you don't get real-time data until you open a trade ticket and even then, you have to refresh the screen to update the quote.
Symbol lookup. You, as the investor, should determine and obtain any breakpoints or waivers or provide TD Ameritrade with sufficient information to assist it in obtaining them. The Morningstar name and logo are registered marks of Morningstar, Inc. Investopedia is part of the Dotdash publishing family. Narrow your choices Target fund by research Wide variety of categories. If you're a beginner who wants a broad range of educational content—or an active trader or investor looking for a modern trading experience—TD Ameritrade is the better choice. Where TD Ameritrade falls short. Empowering Education - We offer exclusive videos, useful tools, and webcasts to help you create a personalized retirement plan. Baked into the free platform are:. TD Ameritrade and Vanguard both offer a good variety of educational content, including articles, videos, webinars, and a glossary. You can even select an All-in-One fund to add easy and instant diversification to your portfolio. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and year if applicable Morningstar Rating metrics. We're fans of the Portfolio Planner tool, especially for savers who are investing for retirement. Get started with TD Ameritrade. Contributions can be withdrawn anytime without federal income taxes or penalties. Both are robust and offer a great deal of functionality, including charting and watchlists. Comments Joe, excellent article. Apologies if I missed it, but does TDA allow loans out of a solo k? Still, you can monitor your positions, analyze your portfolio, read the news, and place basic orders as a buy-and-hold investor.
Plenty of competitive online brokerages attach a hefty fee for such services, so this is a highly attractive feature. Good customer support. All funds are rigorously pre-screened and meet strict criteria. Net Expense Ratio. Because the td ameritrade desktop software live otc stock charts price of the fund will trading one stock dividend stocks overvalued, when you sell your shares they may be worth more or less than what you originally paid for. A call right by an issuer may adversely affect the value of the notes. No Transaction Fees Only show funds with no transaction fees. It's also a good monitoring tool to check for allocation drift so you can properly rebalance over time. A broader range of goal-oriented portfolios made up of mutual funds and ETFs, based on varying investment objectives and risk with ongoing rebalancing and monitoring by TD Ameritrade Investment Management.
Still, you can monitor your positions, analyze your portfolio, read the news, and place basic orders as a buy-and-hold investor. Your email address will not be published. While Vanguard's app is simple to navigate—and it's easy to enter buy and sell orders—most tools for researching investments direct you to a mobile browser outside of the app. Streaming real-time quotes are standard across all platforms, and you also get free Level II quotes if you're a non-professional—a nice feature that's not standard on many platforms. Joe Raspolich. Customer support options includes website transparency. With TD Ameritrade's web platform, you customize the order type, quantity, size, and tax-lot methodology. It's also a good monitoring tool to check for allocation drift so you can properly rebalance over time. Have you changed jobs or planning to retire? Buy-and-hold investors who value simplicity over bells and whistles, and who want access to some of the best and lowest cost funds in the business, may prefer Vanguard. A dedicated Financial Consultant to answer questions, provide guidance and a goal planning session if desired. The Investment Profile report is for informational purposes only. Click the fund symbols above to view standardized performance current to the most recent calendar quarter end, and performance current to the most recent month end. Add Remove. A customizable landing page. ETNs involve credit risk. The information contained herein is the proprietary property of Morningstar and may not be reproduced, in whole or in part, or used in any manner, without the prior written consent of Morningstar.
Baked into the free platform are:. Read carefully before investing. ETNs containing components traded in foreign currencies are subject to foreign exchange risk. You can log into either broker's app with biometric face or fingerprint recognition, and both brokers protect against account losses due to unauthorized or fraudulent activity. You'll find lots of customization options with TD Ameritrade's platforms and fewer with Vanguard's. You'll also find numerous tools, calculators, idea generators, news offerings, and professional research. To view your full list of results, please log on to your TD Ameritrade account or open an account. You'll find news provided by MT Newswires and the Associated Press, and there are several tools focused on retirement planning. Most content is in the form of articles—about new pieces were added in For the purposes of calculation the day of settlement is considered Day 1. Current performance may be questrade cad to usd market volume range or lower than the performance data quotes. Fixed-income products are presented in a sortable list.
In the meantime, TD Ameritrade continues to accept new accounts, which will be moved over to Charles Schwab once the acquisition is finalized. Learn more. Compounding can also cause a widening differential between the performances of an ETP and its underlying index or benchmark, so that returns over periods longer than one day can differ in amount and direction from the target return of the same period. Vanguard also offers a decent range of products and supports limited short sales. Screener: ETFs. And new this year, TD Ameritrade offers voice-enabled investing with Google Assistant and in-vehicle smartphone experiences, so investors can stay up to date on market moves while driving. Rowe Price Target All Rights Reserved. Symbol lookup. Quick Summary. Only TD Ameritrade offers a trading journal. X-Ray Looking to analyze your current mutual fund holdings? TD Ameritrade offers a robust library of educational content, including articles, glossaries, videos, and webinars. Our Take 5. Looking to analyze your current mutual fund holdings?
A broader range of goal-oriented portfolios made up of mutual funds and ETFs, based on varying investment objectives and risk with ongoing rebalancing and monitoring by TD Ameritrade Investment Management. Buy-and-hold investors who value simplicity over bells and whistles, and who want access to some of the best and lowest cost funds in the business, may prefer Vanguard. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. A dedicated Financial Consultant to answer questions, provide guidance and a goal planning session if desired. Market data and information provided by Morningstar. ETNs are not secured debt and most do not provide principal protection. Account minimum. We know that investments are not one size fits all. Read full review. Save Screen Add to watch list Modify screen New screen. With Vanguard, you can trade stocks, ETFs, and some of the fixed-income products online, but you need to place broker-assisted orders for anything else. Vanguard also maintains a presence on Twitter and responds to queries within an hour or so. Vanguard offers a mobile app, too, but it's a bit outdated and light in terms of features.
Fixed-income products are presented in a sortable list. Virtual trading via the broker's paperMoney tool is available only on Mobile Trader. Automated investing with low-cost, low minimum investment, with access to five goal-oriented ETF portfolios. Contributions can be withdrawn anytime without federal income taxes or penalties. Still, its thinkorswim interface is more intuitive, easier to navigate, and you can create your own analysis tools using thinkScript its proprietary programming language. Inverse ETPs seek true macd mt4 download david vomund etf trading strategies provide the opposite of the how is facebook stock doing using a limit order to short sale returns, also daily, of a given index or benchmark, either in whole or by multiples. Create multiple custom views or modify your current views by adding or removing columns from the list. Live chat is supported on its app, and a virtual client service agent, Ask Ted, provides automated support online. Click to view Prospectus. The right tools to find the right Mutual Fund.
If you are in a lower tax bracket today than you will be during retirement, a Roth IRA may be a smart choice. Where TD Ameritrade shines. Current performance may be lower or higher than the performance data quoted. Customer support options includes website transparency. Promotion None no promotion at this time. Traditional IRA. Breadth of Investment Choices - Including commission-free ETFs, no-transaction-fee mutual funds 1fixed income products, and much. Many of the online brokers we evaluated provided us with in-person demonstrations of its platforms printable cryptocurrency charts sync blockfolio our offices. The company also has TD Ameritrade Mobile Web, the browser-based platform optimized for mobile devices. We found it's easier to open and fund an account at TD Ameritrade. Independent resources Take control with do brokerage accounts fill schedule 13d selling or trade stocks Know your investing options Get investing ideas and insight. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts REITsfixed income, small-capitalization securities, and commodities. Create multiple custom views or modify your current views by adding or removing columns from the list. Easily research critical fund details Visual fund dashboard Snapshot provides overview. Number of no-transaction-fee mutual funds. Beginner investors.
Find out more here. Add Remove. TD Ameritrade offers a large selection of order types, including all the usual suspects, plus trailing stops and conditional orders like OCOs. While the year overall star rating formula seems to give the most weight to the year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. A prospectus, obtained by calling , contains this and other important information about an investment company. Carefully consider the investment objectives, risks, charges and expenses before investing. Securities and Exchange Commission. Some funds also offer waivers of those loads, often to retirement plans or charities. TD Ameritrade receives remuneration from mutual fund companies, including those participating in its no-load, no-transaction-fee program, for recordkeeping, shareholder services, and other administrative and distribution services. Invest in mutual funds using objective research It's important to have independent and objective information when investing in mutual funds because you want a transparent view of its performance and a glimpse of the outlook going forward. A team that's dedicated to your goals We want to help you set financial goals that fit your life—and pursue them. Due to the effects of compounding and possible correlation errors, leveraged and inverse ETPs may experience greater losses than one would ordinarily expect. ETF Screener. A call right by an issuer may adversely affect the value of the notes. TD Ameritrade may also charge its own short-term redemption fee.
Due to the effects of compounding and possible correlation errors, leveraged and inverse ETPs may experience greater losses than one would ordinarily expect. Both companies generate income on the difference between what you're paid on your idle cash and what it earns on customer balances. TD Ameritrade has the online trading platform down to a science. Current performance may be lower or higher than the performance data quoted. There are no restrictions on order types on the mobile platform, and you can stage orders for later entry on all platforms. TD Ameritrade Mutual Fund Screeners help you select from thousands of potential investment choices to research and validate your mutual fund trading ideas. Add Remove. Invest in mutual funds using objective research It's important to have independent and objective information when investing in mutual funds because you want a transparent view of its performance and a glimpse of the outlook going forward. Number of no-transaction-fee mutual funds. Only TD Ameritrade offers hcl tech stock price today best monitor resolution for day trading trading journal. A broader range of goal-oriented portfolios made up of mutual funds and ETFs, based on varying investment objectives and risk with ongoing rebalancing and monitoring by TD Ameritrade Investment Management. ETFs are subject to risk similar to those of their underlying securities, including, but not limited to, market, investment, sector, or industry risks, and those regarding short-selling and margin account maintenance. TD Ameritrade offers robust stock, Practice price action whole foods options strategy, mutual fund, fixed-income, and options screeners to help you find your next trade. The opinions expressed are as of td ameritrade expense ratio on positions roth ira date written and are subject to change without notice. Consider taking advantage of every tc2000 monthly sector performance rsi indicator alert mt5 strategy you. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes.
Market Data Disclosure. Morningstar's instant X-ray is a simple and easy tool that gives you a quick breakdown of your current fund holdings by key categories. TD Ameritrade fund profiles are like a mutual fund dashboard, giving you up-to-date graphs, Morningstar Wrap-ups and more. Find funds quickly Regularly updated with new funds Wide selection. There are no restrictions on order types on the mobile platform, and you can stage orders for later entry on all platforms. Essential Portfolios. You can do that with mutual fund screeners, robust profiles, comparison tools, category and fund family lists and more. The Compare Funds tool gives you an easy way to evaluate mutual funds, as well as get an understanding of their holdings - so you don't overinvest in one company or sector. Mutual Funds. ETNs are not secured debt and most do not provide principal protection. Contributions can be withdrawn any time you wish and there are no required minimum distributions. Mutual fund trading with access to more than 13, mutual funds Open new account. Morningstar, Inc. It's easy to place buy and sell orders, and you can even place trades directly from a chart. If reflected, the fee would reduce the performance quoted. See complete table. Its thinkorswim platform, in particular, offers beautiful charting, plenty of drawing tools, and a wide array of technical indicators and studies. The performance quoted represents past performance, is no guarantee of future results and may not provide an adequate basis for evaluating the performance of the product over varying market conditions or economic cycles. We found it's easier to open and fund an account at TD Ameritrade.
We also reference original research from other reputable publishers where appropriate. Open to New Investors Only show funds that are open to new investors. The Morningstar name and logo are registered marks of Morningstar, Inc. Mutual funds, closed-end funds and exchange-traded funds are subject to market, exchange rate, political, credit, interest rate, and prepayment risks, which vary depending on the type of fund. Morningstar's instant X-ray is a simple and easy tool that gives you a quick breakdown of your current fund holdings by key categories. Good customer support. These include white papers, government data, original reporting, and interviews with industry experts. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. Free research. Choose the level of guidance that's right for you We know that investments are not one size fits all. Your Practice. There are no options for charting, and the quotes are delayed until you get to an order ticket.
TD Ameritrade offers a robust library of educational content, including articles, glossaries, videos, and webinars. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. Carefully consider the investment objectives, risks, charges and expenses before investing. The company also has TD Ameritrade Mobile Web, the browser-based platform optimized for mobile devices. Can't get to your laptop in time or don't have any of the broker's mobile apps installed? Contributions can be withdrawn any time you wish and there are no required minimum distributions. With Option trading course in malaysia forex ea forum 2020 Ameritrade's web platform, you customize the order type, quantity, size, and tax-lot methodology. Talk with a Financial Consultant at to get started. TD Ameritrade offers two distinct platforms for trading: Trade Architect or thinkorswim.
TD Ameritrade also excels at offering low-cost and low-minimum funds, with over 11, mutual funds on its platform with expense ratios of 0. Use our tools and resources to choose funds that match your objective. Live chat isn't supported, but you can send a secure message via the website. The focus of Vanguard's investing educational content is on helping you set and reach your financial goals. Our Take 5. Contributions can be withdrawn anytime without federal income taxes or penalties. We want to help you set financial goals that fit your life—and pursue them. Certain funds, such as Rydex Dynamics Funds and Direxion, price twice a day if you trade them directly with the fund company. Inverse ETPs seek to provide the opposite of the investment returns, also daily, of a given index or benchmark, either in whole or by multiples. See complete table. In addition, every broker we surveyed was required to fill out an extensive survey about all aspects of its platform that we used in our testing. Personal Finance. Bottom line: their services are perfect for everyone; from investors who are just starting out to seasoned traders looking for reliability and options from a trading platform. Quick Summary. And if you want to trade options or have access to margin, you need to sign additional documents—and wait a bit longer. TD Ameritrade's order routing algorithm looks for price improvement and fast execution. Performance figures reported do not reflect the deduction of this fee. Vanguard's platform is rudimentary in comparison, but keep in mind that it's designed for buy-and-hold investors, not active traders.
Account fees annual, transfer, closing, inactivity. Investors holding these ETPs should therefore monitor their positions as frequently as daily. Personalized Portfolios. Carefully consider the investment objectives, risks, charges and expenses before investing. TD Can i buy bitcoin with copay bitcoin coinbase to binance is a rare broker that covers all of the bases and does it very td ameritrade expense ratio on positions roth ira. You'll find lots of customization options with TD Ameritrade's platforms and fewer with Vanguard's. In the meantime, TD Ameritrade continues to accept new accounts, which will be moved over to Charles Schwab once the acquisition is finalized. Shares are bought and sold at market price, which may be higher or lower than the net asset value NAV. TD Ameritrade does offer loans out of their Solo k. Create and save custom screens based on your trade ideas, or choose a pre-defined screen to help you get started. Click to view Prospectus. TD Ameritrade offers two distinct platforms for trading: Trade Architect or thinkorswim. Compounding can also cause a widening differential between the performances of an ETP and its underlying index or benchmark, so that returns over periods longer than one day can differ in amount and direction from the target return of the same period. Use our tools and resources to choose funds that match your objective. Vanguard doesn't cater to active traders and investors and instead offers an impressive lineup of low-cost mutual funds and exchange-traded funds ETFs aimed at buy-and-hold investors. Of course, it's important to acknowledge the inherent challenges of comparing two brokerages with such different business models: TD Ameritrade casts a wider net and caters to investors and traders who want a more high-tech experience, while Vanguard is designed to appeal to buy-and-hold investors who may not be as tech-savvy. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. How to program ichimoku free interactive trading charts Ameritrade gives you access to tools and resources that can help you choose mutual funds based on objective performance criteria and selected by independent experts. Market data and information provided by Morningstar. Some funds also offer waivers of those loads, often to retirement plans or charities. This powerful research tool helps you analyze, compare, screen and evaluate your current fund holdings, giving you real power behind your mutual fund investing.
Symbol lookup. On Nov. Most mutual funds charge 2. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. X-Ray Looking to analyze your current mutual fund holdings? TD Ameritrade Investment Management provides ongoing monitoring, allocation and rebalancing of the managed portfolios. Results 1 - 15 of You can do either through its website or mobile app, although it can be challenging to pick the right account type due to the range of offerings. TD Ameritrade's website is fresh and easy to navigate; Vanguard's is outdated, and it's harder to find what you're looking for the company says a website update is in the works. Fund investors. You need to jump through more hoops to place trades, and you don't get real-time data until you open a trade ticket and even then, you have to refresh the screen to update the quote. Symbol lookup. Baked into the free platform are:. Consequently, these ETPs may experience losses even in situations where the underlying index or benchmark has performed as hoped. The Morningstar name and logo are registered marks of Morningstar, Inc. The transaction itself is expected to close in the second half of , and in the meantime, the two firms will operate autonomously. American Funds Beginner investors.
Rowe Price Target Quickly narrow choices Side-by-side view Makes it easy to evaluate choices. Streaming real-time quotes are standard across all platforms, and you also get free Level II quotes if you're a non-professional—a nice feature that's not standard on many platforms. A team that's dedicated to your goals We want to help you set financial goals that fit your life—and pursue. You'll find news provided by MT Newswires and the Associated Press, and there are several tools focused on retirement planning. One of the best aspects of intraday counter trend trading does robinhood have otc stocks trades for ETFs is that dollar-cost averages can be done at no additional charge. Managed Portfolios. TD Ameritrade receives remuneration from mutual fund companies, including those participating in its no-load, no-transaction-fee program, for recordkeeping, shareholder services, and other administrative and distribution services. We found it's easier to open and fund an account at TD Ameritrade. Vanguard also maintains a presence on Twitter and responds to queries within an hour or so. Roth IRA.
The company also hosts eight hours a day of educational webcasts and holds over 40 live events each year at local branches. You can do that with mutual fund screeners, robust profiles, comparison tools, category and fund family lists and more. TD Ameritrade. High-quality trading platforms. Save Screen Add to watch list Modify screen New screen. However, they could improve their mobile app experience to compete with some of the online-only services. Narrow your choices Target fund by research Wide variety of categories. You can do either through its website or mobile app, although it can be challenging to pick the right account type due to the range of offerings. Answer a few questions about your goal, risk tolerance, and time horizon and TD Ameritrade Investment Management will recommend a managed portfolio based on your answers. You need to jump through more hoops to place trades, and you don't get real-time data until you open a trade ticket and even then, you have to refresh the screen to update the quote.
Features a comprehensive online dashboard that provides a one-stop view of all investments; including account aggregation, integrated goal-tracking, and performance for both TD Ameritrade and non-TD Ameritrade accounts. Essential Portfolios. American Funds It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. Get Started. Selective Portfolios. TD Ameritrade. Add Remove. The fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund's liquidity falls below required minimums because of market conditions or other factors. Leveraged and inverse ETNs are subject to substantial volatility risk and other unique risks that should be understood before investing. Distributions for your beneficiaries are tax-free. Performance data quoted represents past performance, is no guarantee of future results, and may not provide an adequate basis for evaluating the performance potential of the product over varying market conditions or economic cycles.