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You don’t just manage portfolios. You manage expectations.<br />
That’s a huge responsibility.<br />
Are you Vanguarding ® your reputation?<br />
You wear many hats fulfilling your responsibility to your clients. But the<br />
biggest challenge you face is managing their investment expectations.<br />
We share the belief that long-term, low-cost investing is the right<br />
approach. That’s why Vanguard offers you research, low-cost ETFs,<br />
and over 35 years of indexing experience to help make managing your<br />
clients’ expectations exactly that. More manageable.<br />
For the support you deserve, visit our Financial Advisors site<br />
at advisors.vanguard.<strong>com</strong> today.<br />
800 523-9066<br />
All investing is subject to risk, including the possible loss of the money you invest.<br />
Vanguard ETF Shares can be bought and sold only through a broker (who may charge a <strong>com</strong>mission) and cannot be<br />
redeemed with the issuing Fund. The market price of Vanguard ETF Shares may be more or less than net asset value.<br />
For more information about Vanguard ETF Shares, visit advisors.vanguard.<strong>com</strong>, call 800 523-9066, or contact your<br />
broker to obtain a prospectus. Investment objectives, risks, charges, expenses, and other important information are<br />
contained in the prospectus; read and consider it carefully before investing.<br />
© 2013 The Vanguard Group, Inc. All rights reserved. Vanguard Marketing Corporation, Distributor.<br />
U.S. Pat. No. 6,879,964 B2; 7,337,138; 7,720,749; 7,925,573; 8,090,646.<br />
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