Explanation:

It typically has lower daily liquidity and higher fees than mutual fund shares.
• An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. 
• Unlike mutual funds, an ETF trades like a common stock on a stock exchange.
• ETFs experience price changes throughout the day as they are bought and sold.
• ETFs typically have higher daily liquidity and lower fees than mutual fund shares, making them an attractive alternative for individual investors.