section header Benchmarks
subsection header SPDJI
section header Benchmarks
subsection header SPDJI
S&P Dow Jones Indices LLC (SPDJI) provides investors with a comprehensive suite of indexes around the world, covering approximately 12,000 securities in more than 80 countries. First published in 1957, the S&P 500 is the foremost gauge of large-cap U.S. equities.
The goal of S&P Dow Jones Indices’ U.S. equity index methodology is to provide an accurate reflection of the equity market and the overall U.S. economy. S&P Dow Jones Indices’ U.S. indexes enjoy nearly unparalleled brand recognition and respect for their building-block design, unique style evaluation and liquidity.
Vanguard ETF |
Ticker |
Target index |
Management fee1 |
Management expense ratio2 |
|---|---|---|---|---|
Vanguard S&P 500 Index ETF |
VFV |
S&P 500 Index |
0.08% |
0.08% |
Vanguard S&P 500 Index ETF (CAD-hedged) |
VSP |
S&P 500 Index (CAD-Hedged) |
0.08% |
0.09% |
| Vanguard U.S. Dividend Appreciation Index ETF | VGG | S&P U.S. Dividend Growers Index | 0.28% | 0.30% |
| Vanguard U.S. Dividend Appreciation Index ETF (CAD-hedged) | VGH | S&P U.S. Dividend Growers Index (CAD-hedged) | 0.28% | 0.30% |
1 The management fee is equal to the fee paid by the fund to Vanguard Investments Canada Inc. to manage the fund and does not include applicable taxes or other fees and expenses of the fund. 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).
2 The management expense ratio (MER) is the audited MER as of December 31, 2020, including waivers and absorptions and is expressed as an annualized percentage of the daily average net asset value. The MER without any absorptions or waivers would have been 0.08% for VFV, 0.09% for VSP, 0.30% for VGG, and 0.30% for VGH. Vanguard Investments Canada Inc. expects to continue absorbing or waiving certain fees indefinitely but may, in its discretion, discontinue this practice at any time.
All investments, including those that seek to track indexes, are subject to risk, including the possible loss of principal. Diversification does not ensure against a profit or protect against a loss in a declining market. While 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. Foreign investing involves additional risks, including currency fluctuations and political uncertainty.
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.
This material is for informational purposes only. 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. 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. Investors should consult a financial and/or tax advisor for financial and/or tax information applicable to their specific situation.
All investment funds, including those that seek to track an index are subject to risk, including the possible loss of principal. Diversification does not ensure a profit or protect against a loss in a declining market. While the Vanguard ETFs are designed to be as diversified as the original indices 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.
All monetary figures are expressed in Canadian dollars unless otherwise noted.