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Commission-Free ETF Program

E*TRADE is committed to providing exceptional value to investors. The E*TRADE Securities commission-free exchange-traded fund (ETF) program is a special offering that allows customers to buy and sell many leading ETFs without paying brokerage commissions.

Please note that sell short, buy to cover, and buy-write orders are not commission free. Options on ETFs and options-exercise-related transactions are also not eligible. For margin customers, the ETFs purchased through the commission-free ETF program are not margin eligible for 30 days from purchase date. To discourage short-term trading, E*TRADE Securities will 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.

Commission-Free ETFs

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-rsi.com/etf.


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