INDIVIDUAL INVESTORS
        

Vanguard U.S. Total Market Index ETF

  • Intended for investors who want unhedged exposure to the total U.S. stock market.
  • Seeks to track the performance of the market-cap-weighted CRSP US Total Market Index.
  • Invests primarily in the U.S.-domiciled Vanguard Total Stock Market ETF.
  • Uses a passively managed index-sampling strategy to provide exposure to large-, mid-, small- and micro-cap stocks.

Management fee 15 bps

Vanguard FTSE Developed ex North America Index ETF

  • Intended for investors who want exposure to the local-currency value of stocks in developed markets excluding Canada and the United States.
  • Seeks to track the performance of the market-cap-weighted FTSE Developed ex North America Index.
  • Invests primarily in the U.S.-domiciled Vanguard FTSE Developed Markets ETF.
  • Uses a passively managed index-sampling strategy to provide exposure primarily to large- and mid-cap stocks.

Management fee 28 bps

Vanguard FTSE Canada All Cap Index ETF

  • Intended for investors who want broad exposure to publicly traded Canadian stocks across all market capitalizations.
  • Seeks to track the performance of the market-cap-weighted FTSE Canada All Cap Index.
  • Invests directly in stocks to replicate the target index to the extent possible.
  • Uses a passively managed strategy to provide exposure to large-, mid- and small-cap stocks.

Management fee 12 bps

Vanguard U.S. Dividend Appreciation Index ETF

  • Intended for investors who want unhedged exposure to U.S. companies with a history of increasing their dividends.
  • Seeks to track the performance of the NASDAQ U.S. Dividend Achievers Select Index.
  • Invests primarily in the U.S.-domiciled Vanguard Dividend Appreciation ETF.
  • Uses a passively managed strategy and seeks to replicate, to the extent possible, the target index of primarily large-cap U.S. stocks.

Management fee 28 bps

Vanguard U.S. Dividend Appreciation Index ETF (CAD-hedged)

  • Intended for investors who want exposure to U.S. companies with a history of increasing their dividends while limiting the effect of exchange-rate fluctuations.
  • Seeks to track the performance of the NASDAQ U.S. Dividend Achievers Select Index.
  • Invests primarily in the U.S.-domiciled Vanguard Dividend Appreciation ETF and hedges U.S. dollar exposure back to the Canadian dollar.
  • Uses a passively managed strategy and seeks to replicate, to the extent possible, the target index of primarily large-cap U.S. stocks.

Management fee 28 bps


The Vanguard ETFs are managed by Vanguard Investments Canada Inc. Commissions, management fees and expenses all may be associated with the Vanguard ETFs. This offering is made only by prospectus. Investment objectives, risks, fees, expenses, and other important information are contained in the prospectus; read it before investing. Copies are available from Vanguard Investments Canada Inc. at www.vanguardcanada.ca. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated

The management fee is equal to the current fee paid by the Vanguard ETF to Vanguard Investments Canada Inc. and does not include applicable taxes or other fees and expenses of the Vanguard ETF. For any Vanguard ETF (VUN, VDU, VGG, VGH) that invests in another Vanguard fund, the management fee also includes any fees paid to Vanguard Investments Canada Inc. or its affiliates by such other Vanguard fund as well as certain expenses of the other Vanguard fund that are paid directly by the other Vanguard fund.

The information in this material is not a recommendation, an offer to buy or sell or a solicitation of an offer to buy or sell any security, including any ETF or to adopt any particular investment or portfolio strategy. The information in this report is neither investment and/or tax advice, nor is it tailored to the needs or circumstances of any individual investor.

This communication does not constitute an offer or solicitation and may not be treated as an offer or solicitation in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so.

First date of publication: August 12, 2013. Canada-domiciled Vanguard ETFs are offered in Canada by Vanguard Investments Canada Inc. All references to "Vanguard" in this material may include Vanguard Investments Canada Inc. and/or any of its affiliates.

All rights in the FTSE Developed ex North America Index and the FTSE Canada All Cap Index (the "Indexes") vest in FTSE International Limited ("FTSE"). "FTSE®" is a trademark of London Stock Exchange Group companies and is used by FTSE under license. Vanguard FTSE Developed ex North America Index ETF and Vanguard FTSE Canada All Cap Index ETF (the "Products") have been developed solely by Vanguard. The Indexes are calculated by FTSE or its agent. FTSE and its licensors are not connected to and do not sponsor, advise, recommend, endorse or promote the Products and do not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Indexes or (b) investment in or operation of the Products. FTSE makes no claim, prediction, warranty or representation either as to the results to be obtained from the Products or the suitability of the Indexes for the purpose to which they are being put by Vanguard.

"Dividend Achievers" is a trademark of The NASDAQ OMX Group, Inc. (collectively, with its affiliates, "NASDAQ OMX") and has been licensed for use by The Vanguard Group, Inc. Vanguard ETFs are not sponsored, endorsed, sold, or promoted by NASDAQ OMX and NASDAQ OMX makes no representation regarding the advisability of investing in the ETFs. NASDAQ OMX MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE VANGUARD ETFs.

Notes on risk: All investments, including those that seek to track indexes, are subject to risk, including the possible loss of principal. The performance of an index is not an exact representation of any particular investment, as you cannot invest directly in an index. Diversification does not ensure a profit or protect against a loss in a declining market. While Vanguard ETFs are designed to be as diversified as the original indexes they seek to track and can provide greater diversification than an individual investor may achieve independently, any given ETF may not be a diversified investment. Investing in ETFs involves risk, including the risk of error in tracking the underlying index. ETFs are subject to risks similar to those of stocks. Prices of mid-, small- and micro-cap stocks often fluctuate more than those of large-company stocks. Foreign investing involves additional risks including currency fluctuations and political uncertainty.

© 2013 Vanguard Investments Canada Inc. All rights reserved.