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Vanguard is one of the world’s largest investment management companies and a leading provider of
employer-sponsored retirement plan services. Vanguard serves more than 9 million institutional and individual
shareholders and manages more than $1.2 trillion in U.S. mutual fund assets, including more than $365 billion
in employer-sponsored retirement plans (data as of December 31, 2007). Vanguard offers 150 mutual funds to
U.S. investors and 54 additional funds in foreign markets. Whatever the size of your defined contribution,
nonqualified or defined benefit retirement plan, Vanguard can offer the solutions you need at some of the
lowest investment costs in the industry.
Investor focus: Vanguard is client-owned, so our interests are firmly aligned with those of our investors.
Exceptional investments: For institutional investors, Vanguard offers both indexed and actively managed mutual
funds, commingled trusts, Vanguard ETFs™, stable value funds, and company stock funds, as well as access to the
entire universe of non-Vanguard funds and brokerage services. The result: unparalleled open architecture in
investments, true diversity of investment thought, and overall value.
Broad expertise in fiduciary issues: Our highly experienced plan consultants draw on a full range of programs to
provide guidance in plan design, assist with document reviews and plan compliance issues, and formulate long-term
plan participation analyses.
Award-winning education: Seasoned communication professionals develop a full spectrum of education and advice
programs, ranging from do-it-yourself products to personalized advice delivered by licensed financial planners. Our
goal is to provide participants with lifelong financial solutions in language they can understand and act on.
Add to all this, our reputation for exceptional value, investor advocacy, and plain talk, and you can understand why
Vanguard may be just the right partner for your company's retirement plans.
Visit www.vanguard.com or call 800-523-1036 to obtain fund prospectuses and Vanguard ETF product
descriptions and prospectuses, which include investment objectives, risks, charges, expenses, and other
information; read and consider carefully before investing.
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.
ETFs and Mutual funds are subject to risks.
Vanguard ETFs and the ship logo are trademarks of The Vanguard Group, Inc. All other marks are the exclusive property of their respective owners.
© 2006 The Vanguard Group, Inc. All rights reserved. Vanguard Marketing Corporation, Distributor.
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