TORONTO, Sept. 17, 2021 /CNW/ - Vanguard Investments
Canada Inc. today announced final changes to the index tracked by
two of its Canadian ETFs, as previously announced on June 1, 2021. As per the funds' prospectus dated
June 25, 2021, this press release
provides notice to investors that the effective date of the change
is Monday September 20, 2021.
Vanguard U.S. Dividend Appreciation Index ETF (TSX ticker
symbol: VGG) will change its index to the S&P U.S. Dividend
Growers Index from the NASDAQ US Dividend Achievers Select
Index.
Vanguard U.S. Dividend Appreciation Index ETF (CAD-hedged) (TSX
ticker symbol: VGH) will change its index to the S&P U.S.
Dividend Growers Index (CAD-hedged) from the NASDAQ US Dividend
Achievers Select Index (CAD-hedged).
The change to each index aligns with the investment objectives
and strategies of the ETFs and the ETFs will, following the change,
provide unitholders with substantially the same exposure to the
asset class to which the ETFs were exposed prior to the
change. These ETFs offer exposure to U.S. common stocks of
companies with a track record of increasing their dividends over
time.
Vanguard's approach to index
selection
Based on deep indexing experience and expertise,
Vanguard believes investors
benefit from indices that are objective, transparent, investable,
and representative of the risk and return characteristics of the
target market. As such, the firm has developed and adheres to a
multi-dimensional process to evaluate and select indices for funds
and ETFs.
The suitability of each fund's index is based on index
construction methodology, market coverage, classification criteria,
rebalancing schedule, cost, and other standards. Vanguard also regularly assesses index
providers to ensure their data integrity processes and risk
management practices support their ability to provide the timely,
accurate, and high-quality data required to develop and administer
indices on an ongoing basis. The firm places a high value on the
objectivity, credibility, and independence offered by index
providers.
About Vanguard
Canadians own CAD $62 billion in Vanguard assets, including Canadian and
U.S.-domiciled ETFs and Canadian mutual funds. Vanguard Investments
Canada Inc. manages CAD $43 billion
in assets (as of July 31, 2021) with
37 Canadian ETFs and six mutual funds currently available. The
Vanguard Group, Inc. is one of the world's largest investment
management companies and a leading provider of company-sponsored
retirement plan services. Vanguard
manages USD $8.1 trillion (CAD
$10.1 trillion) in global assets,
including over USD $2 trillion (CAD
$2.5 trillion) in global ETF assets
(as of July 31, 2021). Vanguard has offices in the United States, Canada, Mexico, Europe, Australia and Asia. The firm offers 418 funds, including
ETFs, to its more than 30 million investors worldwide.
Vanguard operates under a
unique operating structure. Unlike firms that are publicly held or
owned by a small group of individuals, The Vanguard Group, Inc. is
owned by Vanguard's U.S.-domiciled
funds and ETFs. Those funds, in turn, are owned by Vanguard clients. This unique mutual structure
aligns Vanguard interests with
those of its investors and drives the culture, philosophy, and
policies throughout the Vanguard
organization worldwide. As a result, Canadian investors benefit
from Vanguard's stability and
experience, low-cost investing, and client focus. For more
information, please visit vanguard.ca.
Important information
Commissions, management fees, and expenses all may be
associated with investment funds. Investment objectives, risks,
fees, expenses, and other important information are contained in
the prospectus; please read it before investing. Investment funds
are not guaranteed, their values change frequently, and past
performance may not be repeated. Vanguard funds are managed by Vanguard
Investments Canada Inc. and are available across Canada through registered dealers.
The S&P U.S. Dividend Growers Index is a product of S&P
Dow Jones Indices LLC ("S&P DJI"), a division of S&P Global
("S&P"), or its affiliates, and have been licensed for use by
Vanguard. S&P® is a registered
trademark of Standard & Poor's Financial Services LLC, a
division of S&P; Dow Jones® is a registered trademark of Dow
Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks
have been licensed for use by S&P DJI and sublicensed for
certain purposes by Vanguard.
Vanguard U.S. Dividend Appreciation Index ETF and Vanguard U.S.
Dividend Appreciation Index ETF (CAD-hedged) are not sponsored,
endorsed, sold, or promoted by S&P DJI, Dow Jones, S&P, or
their respective affiliates, and none of such parties make any
representation regarding the advisability of investing in such
product(s), nor do they have any liability for any errors,
omissions, or interruptions of the S&P U.S. Dividend Growers
Index.
"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.
SOURCE Vanguard Investments Canada Inc.
