INVESTMENT APPROACH
ETF Investing
Help clients lower investment costs with ETFs
Disclosures and footnotes
Overview
1. Source: Vanguard, as of July 31, 2023.
2. Sources: Vanguard and Morningstar, Inc., as of December 31, 2023. All averages are asset-weighted. Industry average excludes Vanguard.
All investing is subject to risk, including possible loss of principal.
Vanguard ETF Shares are not redeemable with the issuing Fund other than in very large aggregations worth millions of dollars. Instead, investors must buy and sell Vanguard ETF Shares in the secondary market and hold those shares in a brokerage account. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling.
For more information about Vanguard funds or Vanguard ETFs, view detailed product information or call 800-997-2798 to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information are contained in the prospectus; read and consider it carefully before investing.
Diversification does not ensure a profit or protect against a loss.
Bond funds are subject to the risk that an issuer will fail to make payments on time and that bond prices will decline because of rising interest rates or negative perceptions of an issuer's ability to make payments.