🕷️ Crawler Inspector

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Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 66 (from laksa174)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa066.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.investor.gov/introduction-investing/investing-basics/glossary/exchange-traded-fund-etf\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.investor.gov/introduction-investing/investing-basics/glossary/exchange-traded-fund-etf\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary\/exchange-traded-fund-etf","crawl_time":1776345246,"first_indexed_time":1582444852,"http_code":200,"src_unparsed":"gov,investor!www,\/introduction-investing\/investing-basics\/glossary\/exchange-traded-fund-etf s443","src_root_hash":"2085703323267320866","history_drop_reason":null,"meta_title":"Exchange-Traded Fund (ETF) | Investor.gov","meta_descriptions":["An ETF is an exchange-traded investment product that must register with the SEC as an open-end investment company (or sometimes as a unit investment trust)."],"attrs_boilerpipe_text":"An ETF is an exchange-traded investment product that must register with the SEC as an open-end investment company (or sometimes as a unit investment trust).\nETFs are similar to \nmutual funds\n. Like mutual funds, they pool money from many investors and invest the money in stocks, bonds, short-term money-market instruments, other securities or assets, or some combination of these investments. The combined holdings of the ETF are known as its portfolio, which is usually managed by an SEC-registered investment adviser. Each ETF share represents an investor’s part ownership of the ETF’s portfolio and the income the portfolio generates.\nETFs also have some differences from mutual funds. For example, unlike mutual funds, investors buy and sell ETF shares on national securities exchanges at market prices. In addition, ETFs can sometimes be more tax efficient than mutual funds.\nLearn more \nhere\n and \nhere\n.","attrs_markdown":"[Skip to main content](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary\/exchange-traded-fund-etf#main-content)\n\n![U.S. flag](https:\/\/www.investor.gov\/sites\/investorgov\/themes\/custom\/investor\/libraries\/uswds\/img\/us_flag_small.png)\n\nAn official website of the United States government\n\nHere’s how you know\n\nHere’s how you know\n\n![Dot gov](https:\/\/www.investor.gov\/sites\/investorgov\/themes\/custom\/investor\/libraries\/uswds\/img\/icon-dot-gov.svg)\n\n**The .gov means it’s official.**   \n Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.\n\n![Https](https:\/\/www.investor.gov\/sites\/investorgov\/themes\/custom\/investor\/libraries\/uswds\/img\/icon-https.svg)\n\n**The site is secure.**   \n The **https:\/\/** ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.\n\n[![SEC Emblem](https:\/\/www.investor.gov\/sites\/investorgov\/themes\/custom\/investor\/logo.png)](https:\/\/www.sec.gov\/ \"SEC Emblem\")\n\n[Investor.gov U.S. Securities and Exchange Commission](https:\/\/www.investor.gov\/)\n\n## Auxiliary Header\n- [About Us](https:\/\/www.investor.gov\/about-us)\n- [Contact Us](https:\/\/www.investor.gov\/contact-us)\n- [Follow Us](https:\/\/www.investor.gov\/follow-us)\n- [Glossary](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary)\n- [Información en Español](https:\/\/www.investor.gov\/informacion-en-espanol)\n\nMenu Toggle\n\n## Main navigation\n- [BACK]()\n- [Introduction to Investing](https:\/\/www.investor.gov\/introduction-investing)\n  - [BACK]()\n  - Getting Started\n    - [BACK]()\n    - [Five Questions to Ask Before You Invest](https:\/\/www.investor.gov\/introduction-investing\/getting-started\/five-questions-ask-you-invest)\n    - [Understanding Fees](https:\/\/www.investor.gov\/introduction-investing\/getting-started\/understanding-fees)\n    - [Asset Allocation and Diversification](https:\/\/www.investor.gov\/introduction-investing\/getting-started\/asset-allocation)\n    - [Investing on Your Own](https:\/\/www.investor.gov\/introduction-investing\/getting-started\/investing-your-own)\n    - [Working with an Investment Professional](https:\/\/www.investor.gov\/introduction-investing\/getting-started\/working-investment-professional)\n    - [Researching Investments](https:\/\/www.investor.gov\/introduction-investing\/getting-started\/researching-investments)\n  - Investing Basics\n    - [BACK]()\n    - [Save and Invest](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/save-and-invest)\n    - [Invest For Your Goals](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/invest-your-goals)\n    - [How Stock Markets Work](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/how-stock-markets-work)\n    - [Investment Accounts](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-accounts)\n    - [Investment Products](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products)\n    - [What is Risk?](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/what-risk)\n    - [Glossary](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary)\n    - [Role of the SEC](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/role-sec)\n  - General Resources\n    - [BACK]()\n    - [Investor Alerts & Bulletins](https:\/\/www.investor.gov\/introduction-investing\/general-resources\/news-alerts\/alerts-bulletins)\n    - [Publications and Research](https:\/\/www.investor.gov\/introduction-investing\/general-resources\/publications-and-research)\n  - [Questions? Visit Our Glossary](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary)\n- [Financial Tools & Calculators](https:\/\/www.investor.gov\/free-financial-planning-tools)\n  - [BACK]()\n  - Financial Tools\n    - [BACK]()\n    - [Investment Professional Background Check](https:\/\/www.investor.gov\/research-you-invest\/free-investment-professional-background-check)\n    - [EDGAR - Search Company Filings](https:\/\/www.sec.gov\/edgar\/searchedgar\/companysearch)\n    - [Fund Analyzer](https:\/\/www.investor.gov\/financial-tools-calculators\/financial-tools\/mutual-fund-analyzer)\n    - [Retirement Ballpark E\\$timate](https:\/\/www.investor.gov\/financial-tools-calculators\/financial-tools\/ballpark-etimate)\n    - [Social Security Retirement Estimator](https:\/\/www.investor.gov\/financial-tools-calculators\/financial-tools\/retirement-estimator)\n  - Calculators\n    - [BACK]()\n    - [Compound Interest Calculator](https:\/\/www.investor.gov\/financial-tools-calculators\/calculators\/compound-interest-calculator)\n    - [Calculadora de distribución mínima requerida](https:\/\/www.investor.gov\/financial-tools-calculators\/calculators\/calculadora-de-distribucion-minima-requerida)\n    - [Calculadora de interés compuesto](https:\/\/www.investor.gov\/financial-tools-calculators\/calculators\/calculadora-de-interes-compuesto)\n    - [Savings Goal Calculator](https:\/\/www.investor.gov\/financial-tools-calculators\/calculators\/savings-goal-calculator)\n    - [Calculadora de objetivo de ahorro](https:\/\/www.investor.gov\/financial-tools-calculators\/calculators\/calculadora-de-objetivo-de-ahorro)\n    - [Required Minimum Distribution Calculator](https:\/\/www.investor.gov\/financial-tools-calculators\/calculators\/required-minimum-distribution-calculator)\n    - [College Savings Calculator](https:\/\/www.investor.gov\/financial-tools-calculators\/calculators\/college-savings-calculator)\n  - [Alerts and Bulletins](https:\/\/www.investor.gov\/introduction-investing\/general-resources\/news-alerts\/alerts-bulletins)\n- [Protect Your Investments](https:\/\/www.investor.gov\/protect-your-investments)\n  - [BACK]()\n  - Fraud\n    - [BACK]()\n    - [Types of Fraud](https:\/\/www.investor.gov\/protect-your-investments\/fraud\/types-fraud)\n    - [How to Avoid Fraud](https:\/\/www.investor.gov\/protect-your-investments\/fraud\/how-avoid-fraud)\n    - [Resources for Victims](https:\/\/www.investor.gov\/protect-your-investments\/fraud\/resources-victims-securities-law-violations)\n  - Get Help\n    - [BACK]()\n    - [Submit Questions and Complaints](https:\/\/www.investor.gov\/protect-your-investments\/get-help\/submit-questions-and-complaints)\n    - [Arbitration and Mediation Clinics](https:\/\/www.investor.gov\/protect-your-investments\/get-help\/arbitration-and-mediation-clinics)\n  - [Check Out Your Investment Professional](http:\/\/www.adviserinfo.sec.gov\/IAPD\/Default.aspx)\n- [Additional Resources](https:\/\/www.investor.gov\/additional-resources)\n  - [BACK]()\n  - Spotlight\n    - [BACK]()\n    - [Common Scams](https:\/\/www.investor.gov\/additional-resources\/spotlight\/common-scams)\n    - [Crypto Assets](https:\/\/www.investor.gov\/additional-resources\/spotlight\/crypto-assets)\n    - [HoweyTrade](https:\/\/www.investor.gov\/additional-resources\/spotlight\/howeytrade)\n    - [Never Stop Learning](https:\/\/www.investor.gov\/additional-resources\/spotlight\/never-stop-learning)\n    - [Public Service Campaign](https:\/\/www.investor.gov\/additional-resources\/spotlight\/public-service-campaign)\n    - [World Investor Week](https:\/\/www.investor.gov\/additional-resources\/spotlight\/world-investor-week-2025)\n    - [Investing Quizzes](https:\/\/www.investor.gov\/additional-resources\/spotlight\/investing-quizzes)\n    - [Videos](https:\/\/www.investor.gov\/additional-resources\/spotlight\/videos)\n  - Retirement Toolkit\n    - [BACK]()\n    - [First Job](https:\/\/www.investor.gov\/additional-resources\/retirement-toolkit\/first-job)\n    - [Switching Jobs](https:\/\/www.investor.gov\/additional-resources\/retirement-toolkit\/switching-jobs)\n    - [Employer-Sponsored Plans](https:\/\/www.investor.gov\/additional-resources\/retirement-toolkit\/employer-sponsored-plans)\n    - [Federal Government Plans](https:\/\/www.investor.gov\/additional-resources\/retirement-toolkit\/federal-government-plans)\n    - [Managing Lifetime Income](https:\/\/www.investor.gov\/additional-resources\/retirement-toolkit\/managing-lifetime-income)\n    - [Senior Specialist Designations](https:\/\/www.investor.gov\/additional-resources\/retirement-toolkit\/senior-specialists-designations)\n    - [Social Security](https:\/\/www.investor.gov\/additional-resources\/retirement-toolkit\/social-security)\n    - [Avoiding Retirement Fraud](https:\/\/www.investor.gov\/additional-resources\/retirement-toolkit\/avoiding-retirement-fraud)\n  - Information For:\n    - [BACK]()\n    - [Military](https:\/\/www.investor.gov\/additional-resources\/information\/military)\n    - [Veterans](https:\/\/www.investor.gov\/additional-resources\/information\/veterans)\n    - [Older Investors](https:\/\/www.investor.gov\/additional-resources\/information\/older-investors)\n    - [Teachers](https:\/\/www.investor.gov\/additional-resources\/information\/saving-and-investing-resources-teachers)\n    - [Youth](https:\/\/www.investor.gov\/additional-resources\/information\/youth-resources)\n    - [Entrepreneurs](https:\/\/www.sec.gov\/education\/capitalraising)\n  - [Calculate Compound Interest](https:\/\/www.investor.gov\/financial-tools-calculators\/calculators\/compound-interest-calculator)\n\n## Breadcrumb\n1. [Home](https:\/\/www.investor.gov\/)\n2. [Introduction to Investing](https:\/\/www.investor.gov\/introduction-investing)\n3. [Glossary](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary)\n\n## Main navigation (glossary)\n- [Save and Invest](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/save-and-invest)\n  - [Define Your Goals](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/save-and-invest\/define-your-goals)\n  - [Diversify Your Investments](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/save-and-invest\/diversify-your-investments)\n  - [Figure Out Your Finances](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/save-and-invest\/figure-out-your-finances)\n  - [Gauge Your Risk Tolerance](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/save-and-invest\/gauge-your-risk-tolerance)\n  - [Learn About Investment Options](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/save-and-invest\/learn-about-investment-options)\n  - [Pay Off Credit Cards or Other High Interest Debt](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/save-and-invest\/pay-credit-cards-or-other-high-interest)\n  - [Save for a Rainy Day](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/save-and-invest\/save-rainy-day)\n  - [Small Savings Add Up to Big Money](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/save-and-invest\/small-savings-add-big-money)\n  - [Understand What It Means to Invest](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/save-and-invest\/understand-what-it-means-invest)\n  [Expand]()\n- [Invest For Your Goals](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/invest-your-goals)\n- [How Stock Markets Work](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/how-stock-markets-work)\n  - [Public Companies](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/how-stock-markets-work\/public-companies)\n  - [Market Participants](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/how-stock-markets-work\/market-participants)\n  - [Types of Orders](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/how-stock-markets-work\/types-orders)\n  - [Types of Brokerage Accounts](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/how-stock-markets-work\/types-brokerage-accounts)\n  - [Stock Purchases and Sales: Long and Short](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/how-stock-markets-work\/stock-purchases-and-sales-long-and)\n  - [Executing an Order](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/how-stock-markets-work\/executing-order)\n  [Expand]()\n- [Investment Accounts](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-accounts)\n  - [Advisory Accounts](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-accounts\/advisory-accounts)\n  - [Brokerage Accounts](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-accounts\/brokerage-accounts)\n  - [Tax-Advantaged Accounts](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-accounts\/tax-advantaged-accounts)\n    - [ABLE Accounts](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-accounts\/tax-advandtaged-accounts\/able-accounts)\n    - [Education Savings - 529 Plans](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary\/529-plans)\n    - [HSAs (Health Savings Accounts)](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-accounts\/tax-advandtaged-accounts\/hsas-health-savings-accounts)\n    - [Retirement Savings](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-accounts\/tax-advantaged-accounts\/retirement-savings)\n      - [401 (k)](https:\/\/www.investor.gov\/additional-resources\/retirement-toolkit\/employer-sponsored-plans\/traditional-and-roth-401k-plans)\n      - [403(b) and 457(b) Plans](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-accounts\/tax-advantaged-accounts\/retirement-savings\/403b-and-457b-plans)\n      - [Individual Retirement Accounts (IRAs)](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-accounts\/tax-advantaged-accounts\/retirement-savings\/individual-retirement-accounts-iras)\n      [Expand]()\n    - [Trump Accounts](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-accounts\/tax-advantaged-accounts\/trump-accounts)\n    [Expand]()\n  [Expand]()\n- [Investment Products](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products)\n  - [Annuities](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/annuities)\n    - [Indexed Annuities](https:\/\/www.investor.gov\/introduction-investing\/general-resources\/news-alerts\/alerts-bulletins\/investor-bulletins\/updated-investor-bulletin-indexed-annuities)\n    - [Variable Annuities](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/annuities\/variable-annuities)\n    [Expand]()\n  - [Auction Rate Securities](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/auction-rate-securities)\n  - Bonds or Fixed Income Products\n    - [Bonds](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/bonds-or-fixed-income-products\/bonds)\n    - [Corporate Bonds](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/bonds-or-fixed-income-products)\n    - [High-yield Corporate Bonds](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/bonds-or-fixed-income-products\/high)\n    - [Municipal Bonds](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/bonds-or-fixed-income-products-0)\n    - [Savings Bonds](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/bonds-or-fixed-income-products\/savings)\n    [Expand]()\n  - [Certificates of Deposit (CDs)](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/certificates-deposit-cds)\n  - Closed End Funds\n    - [Interval Funds](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/closed-end-funds\/interval-funds)\n    - [Publicly Traded Business Development Companies (BDCs)](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/closed-end-funds\/publicly-traded-business-development-companies-bdcs)\n    - [Publicly Traded Closed-End Funds](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/closed-end-funds\/publicly-traded-closed-end-funds)\n    [Expand]()\n  - [Commodities](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/commodities)\n  - [International Investing](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/international-investing)\n  - Mutual Funds and Exchange-Traded Funds (ETFs)\n    - [Alternative Mutual Funds](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/mutual-funds-and-exchange-traded-funds-etfs\/alternative-mutual-funds)\n    - [Leveraged Loan Funds](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/mutual-funds-and-exchange-traded-0)\n    - [Exchange-Traded Funds (ETFs)](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/mutual-funds-and-exchange-traded-2)\n    - [Index Funds](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/mutual-funds-and-exchange-traded-4)\n    - [Money Market Funds](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/mutual-funds-and-exchange-traded-5)\n    - [Mutual Funds](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/mutual-funds-and-exchange-traded-funds-etfs\/mutual-funds)\n    - [Smart Beta, Quant Funds and other Non- Traditional Index Funds](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/mutual-funds-and-exchange-traded-3)\n    - [Target Date Funds](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/mutual-funds-and-exchange-traded-6)\n    [Expand]()\n  - [Options or Derivatives](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary\/options)\n  - Private Investment Funds\n    - [Hedge Funds](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/private-investment-funds\/hedge-funds)\n    - [Private Equity Funds](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/private-investment-funds\/private-equity)\n    [Expand]()\n  - [Real Estate Investment Trusts (REITs)](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/real-estate-investment-trusts-reits)\n  - [Stocks](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/stocks)\n  - [Structured Notes with Principal Protection](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/structured-notes-principal-protection)\n  - [Variable Life Products](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/variable-life)\n  [Expand]()\n- [What is Risk?](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/what-risk)\n- [Glossary](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary)\n- [Role of the SEC](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/role-sec)\n  - [How to Submit Comments to the SEC](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/role-sec\/how-submit-comments-sec)\n  - [Researching the Federal Securities Laws Through the SEC Website](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/role-sec\/researching-federal-securities-laws-through-sec-website)\n  - [The Laws That Govern the Securities Industry](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/role-sec\/laws-govern-securities-industry)\n  [Expand]()\n\n#\n# Exchange-Traded Fund (ETF)\n\nAn ETF is an exchange-traded investment product that must register with the SEC as an open-end investment company (or sometimes as a unit investment trust).\n\nETFs are similar to [mutual funds](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/mutual-funds-and-exchange-traded-1). Like mutual funds, they pool money from many investors and invest the money in stocks, bonds, short-term money-market instruments, other securities or assets, or some combination of these investments. The combined holdings of the ETF are known as its portfolio, which is usually managed by an SEC-registered investment adviser. Each ETF share represents an investor’s part ownership of the ETF’s portfolio and the income the portfolio generates.\n\nETFs also have some differences from mutual funds. For example, unlike mutual funds, investors buy and sell ETF shares on national securities exchanges at market prices. In addition, ETFs can sometimes be more tax efficient than mutual funds.\n\n*Learn more* [*here*](https:\/\/www.investor.gov\/introduction-investing\/basics\/investment-products\/exchange-traded-funds-etfs) *and* [*here*](https:\/\/www.investor.gov\/introduction-investing\/general-resources\/news-alerts\/alerts-bulletins\/characteristics-mutual-funds-exchange-traded-funds).\n\n## Featured Content\n[![](https:\/\/www.investor.gov\/sites\/investorgov\/files\/styles\/card_image\/public\/2026-03\/3x2-trump-accounts_original.png?itok=0MkEO5o1) Jumpstart Your Child's Financial Future Learn how to enroll in a Trump Account today\\!](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-accounts\/tax-advantaged-accounts\/trump-accounts)\n\n[![](https:\/\/www.investor.gov\/sites\/investorgov\/files\/styles\/card_image\/public\/2024-04\/image004.png?itok=mGGSJ34r) Use Financial Tools and Calculators Access RMD, compound interest and savings goal calculators plus other financial tools.](https:\/\/www.investor.gov\/free-financial-planning-tools)\n\n[![](https:\/\/www.investor.gov\/sites\/investorgov\/files\/styles\/card_image\/public\/2026-03\/Screenshot%202026-03-31%20at%204.39.27%E2%80%AFPM.png?itok=OIgyFUzg) Learn About Tax-Advantaged Accounts 401(k) plans, IRAs, HSAs, 529 plans, Trump Accounts, and others offer tax benefits.](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-accounts\/tax-advantaged-accounts)\n\n[![](https:\/\/www.investor.gov\/sites\/investorgov\/files\/styles\/card_image\/public\/2026-03\/Financial%20Independence.png?itok=jBVKR4RG) Test Your Investing Knowledge Participate in National Financial Literacy Month by taking our financial independence investing quiz\\!](https:\/\/www.investor.gov\/additional-resources\/spotlight\/investing-quizzes)\n\n## Never stop learning about investing\\!\nStay up to date with the latest Investor Alerts & Bulletins, Director’s Take Articles, Quizzes, and the Investor.gov Shares Digest.\n\n## Site Information\n- [SEC.gov](https:\/\/www.sec.gov\/)\n- [MyMoney.gov](https:\/\/www.mymoney.gov\/)\n- [FOIA](https:\/\/www.sec.gov\/page\/office-foia-services)\n- [Plain Writing](https:\/\/www.sec.gov\/plainwriting.shtml)\n- [Privacy](https:\/\/www.sec.gov\/privacy.htm)\n- [Vulnerability Disclosure Policy](https:\/\/www.sec.gov\/vulnerability-disclosure-policy)\n- [USA.gov](https:\/\/www.usa.gov\/)\n- [Disclaimer](https:\/\/www.investor.gov\/disclaimer)\n- [Multilingual Disclaimer](https:\/\/www.investor.gov\/node\/15056)\n\n[Return to Top](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary\/exchange-traded-fund-etf)","attrs_readable_markdown":"An ETF is an exchange-traded investment product that must register with the SEC as an open-end investment company (or sometimes as a unit investment trust).\n\nETFs are similar to [mutual funds](https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/mutual-funds-and-exchange-traded-1). Like mutual funds, they pool money from many investors and invest the money in stocks, bonds, short-term money-market instruments, other securities or assets, or some combination of these investments. The combined holdings of the ETF are known as its portfolio, which is usually managed by an SEC-registered investment adviser. Each ETF share represents an investor’s part ownership of the ETF’s portfolio and the income the portfolio generates.\n\nETFs also have some differences from mutual funds. For example, unlike mutual funds, investors buy and sell ETF shares on national securities exchanges at market prices. In addition, ETFs can sometimes be more tax efficient than mutual funds.\n\n*Learn more* [*here*](https:\/\/www.investor.gov\/introduction-investing\/basics\/investment-products\/exchange-traded-funds-etfs) *and* [*here*](https:\/\/www.investor.gov\/introduction-investing\/general-resources\/news-alerts\/alerts-bulletins\/characteristics-mutual-funds-exchange-traded-funds).","meta_canonical":null}

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Boilerpipe Text	An ETF is an exchange-traded investment product that must register with the SEC as an open-end investment company (or sometimes as a unit investment trust). ETFs are similar to mutual funds . Like mutual funds, they pool money from many investors and invest the money in stocks, bonds, short-term money-market instruments, other securities or assets, or some combination of these investments. The combined holdings of the ETF are known as its portfolio, which is usually managed by an SEC-registered investment adviser. Each ETF share represents an investor’s part ownership of the ETF’s portfolio and the income the portfolio generates. ETFs also have some differences from mutual funds. For example, unlike mutual funds, investors buy and sell ETF shares on national securities exchanges at market prices. In addition, ETFs can sometimes be more tax efficient than mutual funds. Learn more here and here .
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[International Investing](https://www.investor.gov/introduction-investing/investing-basics/investment-products/international-investing) - Mutual Funds and Exchange-Traded Funds (ETFs) - [Alternative Mutual Funds](https://www.investor.gov/introduction-investing/investing-basics/investment-products/mutual-funds-and-exchange-traded-funds-etfs/alternative-mutual-funds) - [Leveraged Loan Funds](https://www.investor.gov/introduction-investing/investing-basics/investment-products/mutual-funds-and-exchange-traded-0) - [Exchange-Traded Funds (ETFs)](https://www.investor.gov/introduction-investing/investing-basics/investment-products/mutual-funds-and-exchange-traded-2) - [Index Funds](https://www.investor.gov/introduction-investing/investing-basics/investment-products/mutual-funds-and-exchange-traded-4) - [Money Market Funds](https://www.investor.gov/introduction-investing/investing-basics/investment-products/mutual-funds-and-exchange-traded-5) - [Mutual Funds](https://www.investor.gov/introduction-investing/investing-basics/investment-products/mutual-funds-and-exchange-traded-funds-etfs/mutual-funds) - [Smart Beta, Quant Funds and other Non- Traditional Index Funds](https://www.investor.gov/introduction-investing/investing-basics/investment-products/mutual-funds-and-exchange-traded-3) - [Target Date Funds](https://www.investor.gov/introduction-investing/investing-basics/investment-products/mutual-funds-and-exchange-traded-6) [Expand]() - [Options or Derivatives](https://www.investor.gov/introduction-investing/investing-basics/glossary/options) - Private Investment Funds - [Hedge Funds](https://www.investor.gov/introduction-investing/investing-basics/investment-products/private-investment-funds/hedge-funds) - [Private Equity Funds](https://www.investor.gov/introduction-investing/investing-basics/investment-products/private-investment-funds/private-equity) [Expand]() - [Real Estate Investment Trusts (REITs)](https://www.investor.gov/introduction-investing/investing-basics/investment-products/real-estate-investment-trusts-reits) - [Stocks](https://www.investor.gov/introduction-investing/investing-basics/investment-products/stocks) - [Structured Notes with Principal Protection](https://www.investor.gov/introduction-investing/investing-basics/investment-products/structured-notes-principal-protection) - [Variable Life Products](https://www.investor.gov/introduction-investing/investing-basics/investment-products/variable-life) [Expand]() - [What is Risk?](https://www.investor.gov/introduction-investing/investing-basics/what-risk) - [Glossary](https://www.investor.gov/introduction-investing/investing-basics/glossary) - [Role of the SEC](https://www.investor.gov/introduction-investing/investing-basics/role-sec) - [How to Submit Comments to the SEC](https://www.investor.gov/introduction-investing/investing-basics/role-sec/how-submit-comments-sec) - [Researching the Federal Securities Laws Through the SEC Website](https://www.investor.gov/introduction-investing/investing-basics/role-sec/researching-federal-securities-laws-through-sec-website) - [The Laws That Govern the Securities Industry](https://www.investor.gov/introduction-investing/investing-basics/role-sec/laws-govern-securities-industry) [Expand]() # # Exchange-Traded Fund (ETF) An ETF is an exchange-traded investment product that must register with the SEC as an open-end investment company (or sometimes as a unit investment trust). ETFs are similar to [mutual funds](https://www.investor.gov/introduction-investing/investing-basics/investment-products/mutual-funds-and-exchange-traded-1). Like mutual funds, they pool money from many investors and invest the money in stocks, bonds, short-term money-market instruments, other securities or assets, or some combination of these investments. The combined holdings of the ETF are known as its portfolio, which is usually managed by an SEC-registered investment adviser. Each ETF share represents an investor’s part ownership of the ETF’s portfolio and the income the portfolio generates. ETFs also have some differences from mutual funds. For example, unlike mutual funds, investors buy and sell ETF shares on national securities exchanges at market prices. In addition, ETFs can sometimes be more tax efficient than mutual funds. Learn more [here](https://www.investor.gov/introduction-investing/basics/investment-products/exchange-traded-funds-etfs) and [here](https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/characteristics-mutual-funds-exchange-traded-funds). ## Featured Content [![](https://www.investor.gov/sites/investorgov/files/styles/card_image/public/2026-03/3x2-trump-accounts_original.png?itok=0MkEO5o1) Jumpstart Your Child's Financial Future Learn how to enroll in a Trump Account today\!](https://www.investor.gov/introduction-investing/investing-basics/investment-accounts/tax-advantaged-accounts/trump-accounts) [![](https://www.investor.gov/sites/investorgov/files/styles/card_image/public/2024-04/image004.png?itok=mGGSJ34r) Use Financial Tools and Calculators Access RMD, compound interest and savings goal calculators plus other financial tools.](https://www.investor.gov/free-financial-planning-tools) [![](https://www.investor.gov/sites/investorgov/files/styles/card_image/public/2026-03/Screenshot%202026-03-31%20at%204.39.27%E2%80%AFPM.png?itok=OIgyFUzg) Learn About Tax-Advantaged Accounts 401(k) plans, IRAs, HSAs, 529 plans, Trump Accounts, and others offer tax benefits.](https://www.investor.gov/introduction-investing/investing-basics/investment-accounts/tax-advantaged-accounts) [![](https://www.investor.gov/sites/investorgov/files/styles/card_image/public/2026-03/Financial%20Independence.png?itok=jBVKR4RG) Test Your Investing Knowledge Participate in National Financial Literacy Month by taking our financial independence investing quiz\!](https://www.investor.gov/additional-resources/spotlight/investing-quizzes) ## Never stop learning about investing\! 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Readable Markdown	An ETF is an exchange-traded investment product that must register with the SEC as an open-end investment company (or sometimes as a unit investment trust). ETFs are similar to [mutual funds](https://www.investor.gov/introduction-investing/investing-basics/investment-products/mutual-funds-and-exchange-traded-1). Like mutual funds, they pool money from many investors and invest the money in stocks, bonds, short-term money-market instruments, other securities or assets, or some combination of these investments. The combined holdings of the ETF are known as its portfolio, which is usually managed by an SEC-registered investment adviser. Each ETF share represents an investor’s part ownership of the ETF’s portfolio and the income the portfolio generates. ETFs also have some differences from mutual funds. For example, unlike mutual funds, investors buy and sell ETF shares on national securities exchanges at market prices. In addition, ETFs can sometimes be more tax efficient than mutual funds. Learn more [here](https://www.investor.gov/introduction-investing/basics/investment-products/exchange-traded-funds-etfs) and [here](https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/characteristics-mutual-funds-exchange-traded-funds).
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