Both of the new Vanguard ETFs are share classes of the company’s mutual funds, which were also launched Wednesday. Through the Vanguard ETFs, investors may enjoy low costs and no minimum investments. For instance, VIGI has a 0.25% expense ratio, the same fees associated with Admiral shares of the mutual fund, which also require a $10,000 minimum investment. VYMI comes with a 0.30% expense ratio, the same costs for the respective Admiral shares.

ETF investors may also be familiar with the two new Vanguard additions as the Vanguard Dividend Appreciation ETF (NYSEArca: VIG) and Vanguard High Dividend Yield ETF (NYSEArca: VYM) have been popular dividend plays among income-minded investors.

VIG, which has $19.5 billion in assets under management, tracks U.S. stocks that have increased dividends on a regular basis for at least 10 consecutive years and shows a 2.37% 12-month yield.

VYM, which has $12.3 billion in assets, targets high-yield U.S. companies and has a 3.31% 12-month yield.

Max Chen contributed to this article.

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