Add to your address book: advisor_services@advisors.evanguard.com  
Image: Vanguard ship logo  
 
  Expense ratios fall on five more Vanguard ETFs™ Image: man and woman with laptop
 
     
 

For the third time in three months, Vanguard has reduced the expenses on its exchange-traded funds—this time four growth and value ETFs and one international ETF benefited.

Already providing some of the lowest-cost ETFs in the marketplace among comparable products, four of the ETFs recently lowered expense ratios by nearly 10%, and the other dropped 20%.

Lowest average cost ETFs in the industry

Our cost advantage keeps getting stronger every year, and as we achieve greater economies of scale, we would expect our expense ratios to drop even further. The average expense ratio of Vanguard ETFs (0.16%) is less than half the industry average (0.53%), based on data as of December 31, 2007.1

Read more about Vanguard's expense ratio reductions.

1 Source: Vanguard, Lipper, and Morgan Stanley Investment Strategies, December 31, 2007.

 

 

 

     
 
 
 
Legal notices
Visit advisors.vanguard.com or contact your broker to obtain a Vanguard ETF™ product description and prospectus or a fund prospectus. Investment objectives, risks, charges, expenses, and other information are contained in these documents; read and consider them carefully before investing.

ETFs and mutual funds, like all investments, are subject to risks. Past performance is not a guarantee of future results.

Vanguard ETF Shares can be bought and sold only through a broker (who will charge a commission) and cannot be redeemed with the issuing fund. The market price of Vanguard ETF Shares may be more or less than net asset value.


International ETFs involve additional risks, including currency fluctuations and the potential for adverse developments in specific countries or regions. ETFs that invest in emerging markets are generally more risky than those that invest in developed countries. Prices of mid- and small-cap ETF products often fluctuate more than those of large-cap ETF products.

For Financial Advisors Only. Not for Public Distribution. Investors cannot invest directly in an index.

E-mail administration
If you no longer wish to receive promotional e-mails related to Vanguard Financial Advisor Services, please opt out.
Please do not reply to this message to opt out.

© 2008 The Vanguard Group, Inc. All rights reserved. Vanguard Marketing Corporation, Distributor. Vanguard, Vanguard ETF, Vanguard ETFs, Vanguard Financial Advisor Services, and the ship logo are trademarks of The Vanguard Group, Inc. All other marks are the exclusive property of their respective owners. The material in this message is promotional in nature.

455 Devon Park Drive | Wayne, PA 19087-1815 | advisors.vanguard.com
 
 
Image: Vanguard ship logo