According to Vanguard's website, the wholesale management fee is higher than the ETF version. Investment Products I thought the wholesale fund should have a lower fee? I would like to gradually invest some cash into Vanguard funds, but if I invest in wholesale fund, how how does it take to process the buy and sell order? What's the disadvantage if I invest around $2M in VDHG via ETF? The only disadvantage I can see is that it may take a while to fill the order. I am relatively new to this so any comments are welcome. Thanks.