Diversification does not ensure a profit or protect against a loss in a declining market. Investors should consult a financial and/or tax advisor for financial and/or tax information applicable to their specific situation.Īll investment funds, including those that seek to track an index are subject to risk, including the possible loss of principal. Any views and opinions expressed do not take into account the particular investment objectives, needs, restrictions and circumstances of a specific investor and, thus, should not be used as the basis of any specific investment recommendation. This material is not intended to be relied upon as research, investment, or tax advice and is not an implied or express recommendation, offer or solicitation to buy or sell any security or to adopt any particular investment or portfolio strategy. This material is for informational purposes only. and are available across Canada through registered dealers. Vanguard funds are managed by Vanguard Investments Canada Inc. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. Investment objectives, risks, fees, expenses, and other important information are contained in the prospectus please read it before investing. It is calculated by totaling the fund’s cash distributions over the past 12 months and then dividing the total by the end of period net asset value of the fund.Ĭommissions, management fees, and expenses all may be associated with investment funds. Trailing yield is an indication of what an investor would have been paid over the last 12 months, as a percentage of the most recent value of the fund. Please see the fund’s prospectus for detailed information on the management fees and the management fee waiver adjustment, as applicable. As a result of the management fee waiver adjustment, the management fee for these funds may increase or decrease, but will not exceed 0.50% for VIC 100, VIC 200, VIC 300, VIC 400 and 0.55% for VIC 600. The management fee includes a variable management fee waiver adjustment based on the performance of the fund’s sub-advisors. It is calculated by dividing the total of the expenses to manage the fund by the total (average) assets of the fund for the period. For VIC 100, VIC 200, VIC 300, VIC 400 and VIC 600 only, the management fee shown is the annualized management fee charged to the fund from Apto March 31, 2022. For any fund which invests in underlying Vanguard fund(s), there shall be no duplication of management fees chargeable in connection with the Vanguard fund and its investment in the Vanguard fund(s). to manage the fund and does not include applicable taxes or other fees and expenses of the fund. The performance of the Vanguard ETFs is for illustrative purposes only.įor all funds, the management fee is equal to the fee paid by the fund to Vanguard Investments Canada Inc. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. If the Vanguard ETFs had incurred all expenses, investment returns would have been reduced. Performance for all ETFs: Performance information of the Vanguard ETFs® reflects waivers of certain expenses and/or fees. For recently launched funds, MER information is not yet available. expects to continue absorbing or waiving certain fees indefinitely but may, in its discretion, discontinue this practice at any time. For the index ETFs, MERs are as of December 31, 2021, and for the factor ETFs, asset allocation ETFs and mutual funds MERs are as of March 31, 2022. The management expense ratio (MER) is the audited MER, including waivers and absorptions, and is expressed as an annualized percentage of the daily average net asset value.
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