*Average annual returns as of close 30 Sept. 2024
Note 1: Management expense ratio (MER)
The management expense ratio (MER) is the audited MER, including waivers and absorptions, and is expressed as an annualized percentage of the daily average net asset value. For the index ETFs, MERs are as of June 30 2024, and for the factor ETFs, asset allocation ETFs and mutual funds MERs are as of March 31, 2024. The MER without any absorptions or waivers would have been 0.06% for VCE, 0.05% for VCN, 0.22% for VDY, 0.38% for VRE, 0.16% for VUN, 0.16% for VUS, 0.09% for VFV, 0.09% for VSP, 0.30% for VGG, 0.30% for VGH, 0.23% for VIU, 0.22% for VI, 0.21% for VDU, 0.21% for VEF, 0.31% for VIDY, 0.22% for VE, 0.22% for VA, 0.24% for VEE, 0.21% for VXC, 0.09% for VAB, 0.17% for VGV, 0.17% for VCB, 0.11% for VSB, 0.11% for VSC, 0.16% for VLB, 0.22% for VBU, 0.39% for VBG and 0.33% for VGAB, 0.24% for VCNS, 0.24% for VBAL, 0.24% for VGRO, 0.24% for VCIP, 0.24% for VEQT and 0.32% for VRIF, 0.40% for VVO, 0.38% for VVL and 0.38% for VMO, and 1.01% for VIC300, 0.69% for VIC400, 1.58% for VIC200 and 0.79% for VIC100. Vanguard Investments Canada Inc. expects to continue absorbing or waiving certain fees indefinitely but may, in its discretion, discontinue this practice at any time. For recently launched funds, MER information is not yet available.
Note 2: Performance
The performance of an index is not an exact representation of any particular investment as you cannot invest directly in an index. The performance of the index does not reflect the deduction of any expenses which would have reduced total returns. Performance information of the Vanguard funds reflects waivers of certain expenses and/or fees. If the Vanguard fund had incurred all expenses, investment returns would have been reduced. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all dividends or distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. The performance of the index and Vanguard fund is for illustrative purposes only.
VIC200: Performance of the benchmark reflects performance of the FTSE Developed Index through September 6, 2021 and the FTSE Developed High Dividend Yield Index thereafter.
VGG: Performance of the benchmark reflects performance of the NASDAQ US Dividend Achievers Select Index through September 20, 2021; S&P U.S. Dividend Growers Index thereafter.
VGH: Performance of the benchmark reflects performance of the NASDAQ US Dividend Achievers Select Index (CAD-hedged) through September 20, 2021; S&P U.S. Dividend Growers Index (CAD-hedged) thereafter.
VFV: Effective August 4, 2020, the index methodology was revised to reflect the 15% foreign withholding tax on distributions received from underlying US securities. Index performance shown from December 1, 2016 has been updated to reflect the foreign withholding tax.
VSP: Effective August 4, 2020, the index methodology was revised to reflect the 15% foreign withholding tax on distributions received from underlying US securities. Index performance shown from December 1, 2016 has been updated to reflect the foreign withholding tax.
VCN: Performance of the benchmark reflects performance of the FTSE Canada All Cap Index through June 21, 2020 and its domestic version, FTSE Canada All Cap Domestic Index, thereafter.
VCE: Performance of the benchmark reflects performance of the MSCI Canada Index through March 27, 2013; FTSE Canada Index through June 21, 2020 and its domestic version, FTSE Canada Domestic Index, thereafter.
Note 3: Management fees
For all funds, 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). For VIC 100, VIC 200, VIC 300, VIC 400 and VIC 600 only, the management fee shown is the annualized management fee charged to the fund from April 1, 2023 to March 31, 2024. It is calculated by dividing the total of the expenses to manage the fund by the total (average) assets of the fund for the period. The management fee includes a variable management fee waiver adjustment based on the performance of the fund’s sub-advisors. As a result of the management fee waiver adjustment, the management fee for these funds may increase or decrease, but will not exceed 0.50% for VIC 100, VIC 200, VIC 300, VIC 400 and 0.55% for VIC 600. Please see the fund’s prospectus for detailed information on the management fees and the management fee waiver adjustment, as applicable. 
Note 4: Yield
Funds pay a distribution on a monthly, quarterly, or annual basis. This distribution is paid to investors who own the fund on the distribution record date, and typically consists of interest, income and/or capital gains. Distributions are not guaranteed, may fluctuate and are subject to change or elimination.
The yield is calculated by taking the most recent monthly or quarterly distribution received by the ETF in the form of dividends, interest and other income, annualized based on the dividend frequency (monthly or quarterly) and dividing by the month end NAV. This reflects waivers and/or expense reimbursements recorded by the ETF during the period. Without waivers and/or reimbursements, yields would be reduced. Distributions paid to unitholders may be higher or lower than these figures. The net asset value may be different than the value at which unitholders are able to transact.