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on your way to registering for the new Vanguard Online, which should take no longer than 10 minutes.1. Verify your accountFor your security, please use the unique registration code2 sent to you and have your Investor Number ready.2. Create a username and passwordOnce your account is verified

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your detailsYour last step, login to the new Vanguard Online to complete the final account set-up questions.Here's what you'll needTo register for the new Vanguard Online, you'll need the following:Unique Registration CodeYou’ll find this in the letter we’ve sent you2.Your investor

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a mobile app? Click here Who will have access to Vanguard Online? Click here I have more than one account with Vanguard. Do I need to register for Vanguard Online for all of my accounts? Click here I don't have an Australian mobile number. Can I register for the new Vanguard Online? Click here Join 30

I register for the new Vanguard Online? Click here Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy

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Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee and product issuer of Vanguard Super (ABN 27 923 449 966).

and product issuer of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted with VIA to provide some services for Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively, “Vanguard”).We have

Vanguard Group, Inc (collectively, “Vanguard”).We have not taken your or your clients' objectives, financial situation or needs into account when preparing our website content so it may not be applicable to the particular situation you are considering. You should consider your objectives,

you are considering. You should consider your objectives, financial situation or needs, and the disclosure documents for the product before making any investment decision. Before you make any financial decision regarding the product, you should seek professional advice from a suitably

you should seek professional advice from a suitably qualified adviser. A copy of the Target Market Determinations (TMD) for Vanguard's financial products can be obtained on our website free of charge, which includes a description of who the financial product is appropriate for. You should

of who the financial product is appropriate for. You should refer to the TMD of the product before making any investment decisions. You can access our Investor Directed Portfolio Service (IDPS) Guide, Product Disclosure Statements (PDS), Prospectus and TMD at vanguard.com.au and Vanguard

(PDS), Prospectus and TMD at vanguard.com.au and Vanguard Super SaveSmart and TMD at vanguard.com.au/super or by calling 1300 655 101. Past performance information is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. This

as, and is not, an indication of future performance. This website was prepared in good faith and we accept no liability for any errors or omissions. Important Legal Notice - Offer not to persons outside Australia The PDS, IDPS Guide or Prospectus does not constitute an offer or invitation in any

does not constitute an offer or invitation in any jurisdiction other than in Australia. Applications from outside Australia will not be accepted. For the avoidance of doubt, these products are not intended to be sold to US Persons as defined under Regulation S of the US federal securities laws. ©

under Regulation S of the US federal securities laws. © 2022 Vanguard Investments Australia Ltd. All rights reserved. Terms and conditions | Disclaimers | Privacy policy | Whistleblower policy | Accessibility | Security | Modern Slavery Statement |Vanguard and its employees wish to

Slavery Statement |Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging.

our respects to their Elders past, present and emerging. d.com.au.    Vanguard Corporate Home | Vanguard Australia  You need to enable JavaScript to run this app Skip to main contentVanguard Australia Vanguard Australia , selected Investments Superannuation Financial advisers Institutional

Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Log in Vanguard logo Investments Superannuation Adviser solutions Vanguard logoLog in Investments Superannuation Adviser solutions You Are ViewingVanguard Australia These are your

You Are ViewingVanguard Australia These are your moments. Invest them wisely. We’re here to help your money go further, so you can make more of life’s most valuable resource – time.Why Vanguard?We’re one of the world's largest investment management companies, offering a wide range of

investment management companies, offering a wide range of investment options, superannuation, and valuable insights to everyday investors and financial advisers.Join 30 million investors worldwide We're proud to be a trusted partner of over 30 million investors on the journey towards

partner of over 30 million investors on the journey towards financial freedom, managing over A$10 trillion of assets. 45+ years of global investment experience We've put investors first ever since the Vanguard Group started in 1975. And we've been helping Australian investors achieve

1975. And we've been helping Australian investors achieve long-term financial success for more than 25 years. What we offerOur mission is to take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.InvestmentsWe have a suite of award winning

success.InvestmentsWe have a suite of award winning low-cost managed funds and ASX-listed exchange traded funds (ETFs) designed to make investing easy. You can invest in our funds directly online by opening a Vanguard Personal Investor Account. The Vanguard Personal Investor platform has a

Account. The Vanguard Personal Investor platform has a range of different account types including individuals, joint, SMSF, company and trusts, with low investment minimums starting from just $200 using Auto Invest. Alternatively, you can invest with Vanguard through a licensed financial

you can invest with Vanguard through a licensed financial adviser or buy Vanguard ETFs online via other stockbroking platforms. Learn more about Vanguard Investments SuperannuationBacked by Vanguard’s 45+ years of global investment expertise, Vanguard Super offers Australians a simpler,

expertise, Vanguard Super offers Australians a simpler, smarter option when it comes to their financial future. Enjoy expertly designed products and low cost philosophy that works hard for you. Choose from flexible investment options to suit every type of investor. Experience a simple and

to suit every type of investor. Experience a simple and intuitive approach that keeps you in control. Discover Vanguard Super Adviser solutionsWe help financial advisers to provide high-quality investment solutions, connect more deeply with their clients, and enhance the value of their

deeply with their clients, and enhance the value of their advice. Create low-cost, diversified portfolios that suit a range of client needs. Bring your advice to life with Vanguard’s leading digital tools. Enhance clients' financial literacy and stay up to date with the latest insights. View

literacy and stay up to date with the latest insights. View our adviser solutions 2022 | CanstarProvider of the Year - Exchange Traded FundsAwarded 2020-2022Our achievementsIt’s heartening to see the work that we do for our investors recognised year after year.Our commitment to excellence and

year after year.Our commitment to excellence and expertise in the investment industry has earned us more than 40 awards over the last decade.   See how we’re recognised in the industry Explore moreInvestment stewardshipDiscover how we serve as a voice for our investors and promote long-term

we serve as a voice for our investors and promote long-term value creation at the companies in which our funds invest. Learn about our program Vanguard Media CentreGet the latest Vanguard news, meet our spokespeople, or contact our public relations team. Visit our Media Centre CareersBe a part of

relations team. Visit our Media Centre CareersBe a part of a culture that promotes teamwork, integrity and doing the right thing for our customers and our crew. Find a career opportunity Vanguard logoConnect with usVanguard Australia FacebookVanguard Australia YoutubeVanguard Australia

FacebookVanguard Australia YoutubeVanguard Australia TwitterVanguard Australia LinkedInGENERAL ADVICE WARNINGVanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN

of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee and product issuer of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted with VIA to provide some services for Vanguard Super. Any general advice is provided by

for Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively, “Vanguard”). We have not taken your or your clients' objectives, financial situation or needs into account when preparing our website

situation or needs into account when preparing our website content so it may not be applicable to the particular situation you are considering. You should consider your objectives, financial situation or needs, and the disclosure documents for the product before making any investment

documents for the product before making any investment decision. Before you make any financial decision regarding the product, you should seek professional advice from a suitably qualified adviser. A copy of the Target Market Determinations (TMD) for Vanguard's financial products can be

(TMD) for Vanguard's financial products can be obtained on our website free of charge, which includes a description of who the financial product is appropriate for. You should refer to the TMD of the product before making any investment decisions. You can access our Investor Directed Portfolio

decisions. You can access our Investor Directed Portfolio Service (IDPS) Guide, Product Disclosure Statements (PDS), Prospectus and TMD at vanguard.com.au and Vanguard Super SaveSmart and TMD at vanguard.com.au/super or by calling 1300 655 101. Past performance information is given for

1300 655 101. Past performance information is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. This website was prepared in good faith and we accept no liability for any errors or omissions. Important Legal Notice - Offer not to

errors or omissions. Important Legal Notice - Offer not to persons outside Australia. The PDS, IDPS Guide or Prospectus does not constitute an offer or invitation in any jurisdiction other than in Australia. Applications from outside Australia will not be accepted. For the avoidance of doubt,

Australia will not be accepted. For the avoidance of doubt, these products are not intended to be sold to US Persons as defined under Regulation S of the US federal securities laws. ©2022 Vanguard Investments Australia Ltd. All rights reserved. Terms and conditions | Disclaimers | Privacy policy

Terms and conditions | Disclaimers | Privacy policy | Whistleblower policy | Accessibility | Security |Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water

business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging.. d.com.au about us.    Vanguard Corporate Home | Vanguard Australia  You need to enable JavaScript to run this app Skip to main contentVanguard Australia

to run this app Skip to main contentVanguard Australia Vanguard Australia , selected Investments Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Log in Vanguard logo Investments Superannuation Adviser solutions Vanguard logoLog in

Superannuation Adviser solutions Vanguard logoLog in Investments Superannuation Adviser solutions You Are ViewingVanguard Australia These are your moments. Invest them wisely. We’re here to help your money go further, so you can make more of life’s most valuable resource – time.Why

can make more of life’s most valuable resource – time.Why Vanguard?We’re one of the world's largest investment management companies, offering a wide range of investment options, superannuation, and valuable insights to everyday investors and financial advisers.Join 30 million investors

and financial advisers.Join 30 million investors worldwide We're proud to be a trusted partner of over 30 million investors on the journey towards financial freedom, managing over A$10 trillion of assets. 45+ years of global investment experience We've put investors first ever since the

experience We've put investors first ever since the Vanguard Group started in 1975. And we've been helping Australian investors achieve long-term financial success for more than 25 years. What we offerOur mission is to take a stand for all investors, to treat them fairly, and to give them the best

investors, to treat them fairly, and to give them the best chance for investment success.InvestmentsWe have a suite of award winning low-cost managed funds and ASX-listed exchange traded funds (ETFs) designed to make investing easy. You can invest in our funds directly online by opening a

You can invest in our funds directly online by opening a Vanguard Personal Investor Account. The Vanguard Personal Investor platform has a range of different account types including individuals, joint, SMSF, company and trusts, with low investment minimums starting from just $200 using Auto

low investment minimums starting from just $200 using Auto Invest. Alternatively, you can invest with Vanguard through a licensed financial adviser or buy Vanguard ETFs online via other stockbroking platforms. Learn more about Vanguard Investments SuperannuationBacked by Vanguard’s 45+

Investments SuperannuationBacked by Vanguard’s 45+ years of global investment expertise, Vanguard Super offers Australians a simpler, smarter option when it comes to their financial future. Enjoy expertly designed products and low cost philosophy that works hard for you. Choose from

and low cost philosophy that works hard for you. Choose from flexible investment options to suit every type of investor. Experience a simple and intuitive approach that keeps you in control. Discover Vanguard Super Adviser solutionsWe help financial advisers to provide high-quality

help financial advisers to provide high-quality investment solutions, connect more deeply with their clients, and enhance the value of their advice. Create low-cost, diversified portfolios that suit a range of client needs. Bring your advice to life with Vanguard’s leading digital tools.

your advice to life with Vanguard’s leading digital tools. Enhance clients' financial literacy and stay up to date with the latest insights. View our adviser solutions 2022 | CanstarProvider of the Year - Exchange Traded FundsAwarded 2020-2022Our achievementsIt’s heartening to see the work

2020-2022Our achievementsIt’s heartening to see the work that we do for our investors recognised year after year.Our commitment to excellence and expertise in the investment industry has earned us more than 40 awards over the last decade.   See how we’re recognised in the industry Explore

decade.   See how we’re recognised in the industry Explore moreInvestment stewardshipDiscover how we serve as a voice for our investors and promote long-term value creation at the companies in which our funds invest. Learn about our program Vanguard Media CentreGet the latest Vanguard news,

Vanguard Media CentreGet the latest Vanguard news, meet our spokespeople, or contact our public relations team. Visit our Media Centre CareersBe a part of a culture that promotes teamwork, integrity and doing the right thing for our customers and our crew. Find a career opportunity Vanguard

customers and our crew. Find a career opportunity Vanguard logoConnect with usVanguard Australia FacebookVanguard Australia YoutubeVanguard Australia TwitterVanguard Australia LinkedInGENERAL ADVICE WARNINGVanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263)

Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee and product issuer of Vanguard Super (ABN 27 923 449 966). The Trustee has

of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted with VIA to provide some services for Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively, “Vanguard”). We have not taken your or

Inc (collectively, “Vanguard”). We have not taken your or your clients' objectives, financial situation or needs into account when preparing our website content so it may not be applicable to the particular situation you are considering. You should consider your objectives, financial

You should consider your objectives, financial situation or needs, and the disclosure documents for the product before making any investment decision. Before you make any financial decision regarding the product, you should seek professional advice from a suitably qualified adviser. A copy

advice from a suitably qualified adviser. A copy of the Target Market Determinations (TMD) for Vanguard's financial products can be obtained on our website free of charge, which includes a description of who the financial product is appropriate for. You should refer to the TMD of the product

appropriate for. You should refer to the TMD of the product before making any investment decisions. You can access our Investor Directed Portfolio Service (IDPS) Guide, Product Disclosure Statements (PDS), Prospectus and TMD at vanguard.com.au and Vanguard Super SaveSmart and TMD at

at vanguard.com.au and Vanguard Super SaveSmart and TMD at vanguard.com.au/super or by calling 1300 655 101. Past performance information is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. This website was prepared in good

of future performance. This website was prepared in good faith and we accept no liability for any errors or omissions. Important Legal Notice - Offer not to persons outside Australia. The PDS, IDPS Guide or Prospectus does not constitute an offer or invitation in any jurisdiction other than in

an offer or invitation in any jurisdiction other than in Australia. Applications from outside Australia will not be accepted. For the avoidance of doubt, these products are not intended to be sold to US Persons as defined under Regulation S of the US federal securities laws. ©2022 Vanguard

S of the US federal securities laws. ©2022 Vanguard Investments Australia Ltd. All rights reserved. Terms and conditions | Disclaimers | Privacy policy | Whistleblower policy | Accessibility | Security |Vanguard and its employees wish to acknowledge the Traditional Custodians of Country

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881 086 / AFS Licence 227263) (VIA) is the product issuer and the Operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted VIA to provide some services to

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managementCoronavirus and market updatesHear directly from Vanguard leaders on topics you care aboutVanguard Voices™FeaturedMarkets and economyOur investment and economic forecasts, January 2023Our economists have raised their 2023 growth target for China and expect a lower peak in the

2023 growth target for China and expect a lower peak in the Reserve Bank of Australia's interest rate target.31 Jan 2023read time10 min readMarkets and economyAbove-target inflation likely through 2023In this short video, Vanguard Senior International Economist Andrew Patterson explains

International Economist Andrew Patterson explains how we’ll assess inflation data in 2023.17 Jan 2023Markets and economyBeating back inflation, but at what cost?In this short video, Vanguard’s global chief economist, Joe Davis, discusses what’s ahead for the economy in 2023.19 Dec

discusses what’s ahead for the economy in 2023.19 Dec 2022Markets and economyVanguard economic and market outlook for 2023: Beating back inflationOur base case for 2023 includes a global recession brought about by policymakers’ efforts to control inflation.16 Dec 2022read time10 min

efforts to control inflation.16 Dec 2022read time10 min readSpotlight VoiceMinh TieuMinh Tieu is Head of ETF Capital Markets Asia-Pacific within Vanguard's Investment Management Group.Portfolio constructionWhy strategic asset allocation wins27 Oct 2022read time5 minETFsHow to get the

allocation wins27 Oct 2022read time5 minETFsHow to get the indexing edge for your clients20 Jul 2022read time4 minMarkets and economy2023 economy and markets: 4 things to knowVanguard is preparing to release its 2023 economic and market outlook. This sneak peek includes insights on

and market outlook. This sneak peek includes insights on inflation, the energy crisis in Europe, long-term structural challenges faced by China, and a more positive outlook on the long-term investment environment.08 Dec 2022read time10 minMarkets and economyHow Vanguard approaches

time10 minMarkets and economyHow Vanguard approaches climate riskClimate change, and the ongoing global response, will have far-reaching economic consequences for companies, financial markets and investors, presenting a material and multifaceted financial risk. Vanguard continues to

and multifaceted financial risk. Vanguard continues to take steps to understand and attend to this risk to investors’ returns.06 Dec 2022read time3 minMarkets and economyVanguard economic and market outlook for 2023: Global summaryWhether a recession is likely and what it might entail are

a recession is likely and what it might entail are questions on many investors’ minds. Here’s what Vanguard economists are expecting for next year.24 Nov 2022read time9 minMarkets and economyThe strong dollar: Why and how long?In a short video, Vanguard’s chief economist for the Americas looks

video, Vanguard’s chief economist for the Americas looks at key factors behind the U.S. dollar’s recent appreciation against other currencies.21 Nov 2022Markets and economyVanguard economic and market update - Oct 2022Read Vanguard Investment Strategy Group’s monthly global economic and

Investment Strategy Group’s monthly global economic and market update.21 Nov 2022read time9 minETFsETF quarterly report - September 2022The Australian ETF market attracted $3.5 billion in new investments during Q3.14 Nov 2022Markets and economyActive Fixed Income Perspectives Q4 2022:

and economyActive Fixed Income Perspectives Q4 2022: Bonds look betterRead Vanguard's latest sector-by-sector analysis of global fixed income markets and a summary of how those views affect the Vanguard active bond funds.10 Nov 2022read time10 min readActiveA consistent approach to active

time10 min readActiveA consistent approach to active fixed incomeVanguard's experts explain why advisers should seek to diversify sources of alpha through prudent fixed income security selection to deliver returns clients can rely on.02 Nov 2022read time6 minMarkets and economyRapid

rely on.02 Nov 2022read time6 minMarkets and economyRapid interest rate rises reveal global market frailtiesQuickly rising global interest rates increase the chance of market dislocations. Markets seek certainty that policymakers can lead the economy to a comfortable place.23 Oct

can lead the economy to a comfortable place.23 Oct 2022read time5 min readMarkets and economyVanguard economic and market update - Sept 2022Read Vanguard Investment Strategy Group's monthly global economic and market update.16 Oct 2022read time9 min readHear directly from Vanguard leaders

time9 min readHear directly from Vanguard leaders on topics you care aboutVanguard Voices™Scroll to topCareersFollow us onLinkedInTwitterMedia CentreAbout VanguardAbout VanguardAbout usInvestment principlesOur teamAwardsOur values in actionOur investment

teamAwardsOur values in actionOur investment approachesIndexingActiveDiversified investmentsESGManaged accountsInvestment stewardshipOverviewOur four pillarsPerspectives and commentaryPolicies and guidelinesHow our funds votedInvestment productsProductsProduct

our funds votedInvestment productsProductsProduct overviewView all productsVanguard SuperBy typeExchange traded fundsWholesale managed fundsRetail managed fundsBy Asset classEquityFixed interestDiversifiedCashPlatform accessAll platformsTools and

educationResearch and commentaryFeaturedMarkets and economyPortfolio constructionCoronavirus and market updatesActiveETFsVanguard Voices™Knowledge centresETFRetirementFixed incomeAdviser's AlphaOverviewEducationClient Education CentreWebinarsContact usContact

Education CentreWebinarsContact usContact usVanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders

and culture and wish to pay our respects to their Elders past, present and emerging. GENERAL ADVICE WARNINGVanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and the Operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614

Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted VIA to provide some services to members of Vanguard Super. Any general advice provided in relation to Vanguard Super is

general advice provided in relation to Vanguard Super is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc. (collectively, "Vanguard"). We have not taken your or your clients' objectives, financial situation or needs into account when preparing

financial situation or needs into account when preparing our website content so it may not be applicable to the particular situation you are considering. You should consider your or your clients’ objectives, financial situation or needs, and the relevant Product Disclosure Statement (PDS),

and the relevant Product Disclosure Statement (PDS), Prospectus and Target Market Determination (TMD) for the product before making any investment decision. The relevant TMD includes a description of who the financial product is appropriate for. You can access VIA’s IDPS Guide, PDS,

is appropriate for. You can access VIA’s IDPS Guide, PDS, Prospectus and TMD at vanguard.com.au or by calling 1300 655 205. You can access the Vanguard Super PDS and TMD online at vanguard.com.au/super or by calling us on 1300 655 205. Past performance information is given for illustrative

Past performance information is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. This website was prepared in good faith and we accept no liability for any errors or omissions.Important Legal Notice - No IDPS Guide, PDS or

or omissions.Important Legal Notice - No IDPS Guide, PDS or Prospectus constitutes an offer or invitation in any jurisdiction other than in Australia. Applications from outside Australia will not be accepted through any Vanguard IDPS Guide, PDS or Prospectus. For the avoidance of doubt, these

Guide, PDS or Prospectus. For the avoidance of doubt, these products are not intended to be sold to US Persons as defined under Regulation S of the US federal securities laws.© 2022 Vanguard Investments Australia Ltd. All rights reserved.Your use of this site signifies that you accept our:Terms

use of this site signifies that you accept our:Terms and conditionsDisclaimersPrivacy policyCookie policyWhistleblower policyCareers  d.com.au adviser insights en active.  Research and Commentary     MEDIA CENTRECAREERSFINANCIAL ADVISERSAbout VanguardInvestment productsTools and

ADVISERSAbout VanguardInvestment productsTools and calculatorsAdviser resourcesInsights and educationContact usMENUAbout VanguardAbout VanguardAbout usInvestment principlesOur teamAwardsOur values in actionOur investment approachesIndexingActiveDiversified

investment approachesIndexingActiveDiversified investmentsESGManaged accountsInvestment stewardshipOverviewOur four pillarsPerspectives and commentaryPolicies and guidelinesHow our funds votedInvestment productsProductsProduct overviewView all productsVanguard

overviewView all productsVanguard SuperBy typeExchange traded fundsWholesale managed fundsRetail managed fundsBy Asset classEquityFixed interestDiversifiedCashPlatform accessAll platformsTools and calculatorsOverviewRetirement Income BuilderPortfolio builderFund

Income BuilderPortfolio builderFund compareDigital Index ChartManaged funds fee calculatorETF fee calculatorAsset class toolCurrency impact calculatorAdviser resourcesResourcesOverviewIndex ChartEventsCoronavirus investment hubAsset allocation reportHow to

investment hubAsset allocation reportHow to investOverviewPlatform accessPDS, forms and noticesPractice managementTMDsInsights and educationResearch and commentaryFeaturedMarkets and economyPortfolio constructionCoronavirus and market updatesActiveETFsVanguard

CentreMEDIA CENTRECAREERSFINANCIAL ADVISERSVanguard AustraliaPersonal investorSuperannuationFinancial advisersInstitutional investorsVanguard Global sitesResearch and commentaryOur topicsFeaturedMarkets and economyActiveETFsPortfolio constructionWealth

and economyActiveETFsPortfolio constructionWealth managementCoronavirus and market updatesFeaturedMarkets and economyActiveETFsPortfolio constructionWealth managementCoronavirus and market updatesHear directly from Vanguard leaders on topics you care aboutVanguard

from Vanguard leaders on topics you care aboutVanguard Voices™ActiveActiveA consistent approach to active fixed incomeVanguard's experts explain why advisers should seek to diversify sources of alpha through prudent fixed income security selection to deliver returns clients can rely

security selection to deliver returns clients can rely on.02 Nov 2022read time6 minActiveA smoother ride: Why an active approach to managing volatility can give your clients an edgeIan Boater, Active and ESG Sales Development Manager, spoke with Tom Wilson, Vanguard's Head of Equity and

spoke with Tom Wilson, Vanguard's Head of Equity and Multi-Asset Product, about what's been driving the most recent market volatility. And how an active minimum-volatility approach can give your clients an edge.04 Aug 2022read time4 min readActiveThe long-termism edge: why global

time4 min readActiveThe long-termism edge: why global diversification could prove an alpha imperativeIn this article, Wellington Management shares the key dynamics they believe may define outperformance in the months to come.04 Aug 2022read time6 min readActiveTargeted value exposure in

2022read time6 min readActiveTargeted value exposure in a changing worldAs value shares continue their winning streak, some investors may have a case of FOMO while others may be worried that recent outperformance is an aberration. Ian Boater, Active and ESG Sales Development Manager, spoke

Boater, Active and ESG Sales Development Manager, spoke with Antonio Picca, Vanguard's Head of Factor-Based Strategies, about the future prospects for value and why investors should focus on consistent, targeted value exposure that can keep up with the latest research.04 May 2022read time7

can keep up with the latest research.04 May 2022read time7 min readSpotlight articlesMarkets and economyOur investment and economic forecasts, January 202331 Jan 2023read time10 min readMarkets and economyAbove-target inflation likely through 202317 Jan 2023Markets and economyBeating

likely through 202317 Jan 2023Markets and economyBeating back inflation, but at what cost?19 Dec 2022Markets and economyVanguard economic and market outlook for 2023: Beating back inflation16 Dec 2022read time10 min readActiveGrowth or value: It's not a black or white choiceIn this article

or value: It's not a black or white choiceIn this article Baillie Gifford discuss their Global Alpha strategy, upon which the Vanguard Active Global Growth Fund03 May 2022read time7 minActiveWhy emerging markets are still critical for diversified portfoliosIn this article we interviewed

for diversified portfoliosIn this article we interviewed Mary Pryshlak, Wellington Management's Head of Investment Research to discuss the continued importance of emerging markets in client portfolios and the unique opportunities Wellington is uncovering in the sector.03 Feb 2022read

Wellington is uncovering in the sector.03 Feb 2022read time8 minActiveVirtuous cycles: From Ryanair to Rio Tinto, firms that suffer through tough times often resurface as long-term winnersInsights from Baillie Gifford's Spencer Adair, one of the three portfolio managers responsible for

Adair, one of the three portfolio managers responsible for The Global Alpha strategy.27 Jan 2022read time7 min readActiveWhy regular rebalancing is key to maximising factor premiumsVanguard's latest research set out to identify the optimal rebalancing mechanism for long-only factor

the optimal rebalancing mechanism for long-only factor funds.28 Jan 2021read time6 minActiveWhen to rethink equity exposure for retiring clientsThe traditional path for clients heading towards retirement is to place their portfolio into a more conservative position. However, given that

into a more conservative position. However, given that we are all living longer, retiree portfolios can be more exposed to equity market volatility than perhaps they may have been in the past.23 Apr 2020read time3 minHear directly from Vanguard leaders on topics you care aboutVanguard

from Vanguard leaders on topics you care aboutVanguard Voices™Scroll to topCareersFollow us onLinkedInTwitterMedia CentreAbout VanguardAbout VanguardAbout usInvestment principlesOur teamAwardsOur values in actionOur investment approachesIndexingActiveDiversified

and market updatesActiveETFsVanguard Voices™Knowledge centresETFRetirementFixed incomeAdviser's AlphaOverviewEducationClient Education CentreWebinarsContact usContact usVanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. GENERAL ADVICE WARNINGVanguard Investments Australia Ltd (ABN 72 072

WARNINGVanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and the Operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee of Vanguard Super (ABN 27 923 449 966). The

is the trustee of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted VIA to provide some services to members of Vanguard Super. Any general advice provided in relation to Vanguard Super is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group,

are both wholly owned subsidiaries of The Vanguard Group, Inc. (collectively, "Vanguard"). We have not taken your or your clients' objectives, financial situation or needs into account when preparing our website content so it may not be applicable to the particular situation you are

it may not be applicable to the particular situation you are considering. You should consider your or your clients’ objectives, financial situation or needs, and the relevant Product Disclosure Statement (PDS), Prospectus and Target Market Determination (TMD) for the product before making

Market Determination (TMD) for the product before making any investment decision. The relevant TMD includes a description of who the financial product is appropriate for. You can access VIA’s IDPS Guide, PDS, Prospectus and TMD at vanguard.com.au or by calling 1300 655 205. You can access the

or by calling 1300 655 205. You can access the Vanguard Super PDS and TMD online at vanguard.com.au/super or by calling us on 1300 655 205. Past performance information is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. This

as, and is not, an indication of future performance. This website was prepared in good faith and we accept no liability for any errors or omissions.Important Legal Notice - No IDPS Guide, PDS or Prospectus constitutes an offer or invitation in any jurisdiction other than in Australia.

or invitation in any jurisdiction other than in Australia. Applications from outside Australia will not be accepted through any Vanguard IDPS Guide, PDS or Prospectus. For the avoidance of doubt, these products are not intended to be sold to US Persons as defined under Regulation S of the US

be sold to US Persons as defined under Regulation S of the US federal securities laws.© 2022 Vanguard Investments Australia Ltd. All rights reserved.Your use of this site signifies that you accept our:Terms and conditionsDisclaimersPrivacy policyCookie policyWhistleblower policyCareers

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accountsInvestment stewardshipOverviewOur four pillarsPerspectives and commentaryPolicies and guidelinesHow our funds votedInvestment productsProductsProduct overviewView all productsVanguard SuperBy typeExchange traded fundsWholesale managed fundsRetail managed fundsBy

fundsWholesale managed fundsRetail managed fundsBy Asset classEquityFixed interestDiversifiedCashPlatform accessAll platformsTools and calculatorsOverviewRetirement Income BuilderPortfolio builderFund compareDigital Index ChartManaged funds fee calculatorETF fee

Index ChartManaged funds fee calculatorETF fee calculatorAsset class toolCurrency impact calculatorAdviser resourcesResourcesOverviewIndex ChartEventsCoronavirus investment hubAsset allocation reportHow to investOverviewPlatform accessPDS, forms and noticesPractice

accessPDS, forms and noticesPractice managementTMDsInsights and educationResearch and commentaryFeaturedMarkets and economyPortfolio constructionCoronavirus and market updatesActiveETFsVanguard Voices™Knowledge centresETFRetirementFixed incomeAdviser's

centresETFRetirementFixed incomeAdviser's AlphaOverviewEducationClient Education CentreWebinarsContact usCareersFollow us onLinkedInTwitterMedia CentreMEDIA CENTRECAREERSFINANCIAL ADVISERSVanguard AustraliaPersonal investorSuperannuationFinancial

AustraliaPersonal investorSuperannuationFinancial advisersInstitutional investorsVanguard Global sitesClient education centreOur topicsInvestment philosophyInvesting basicsInvestment approachesMarkets and economyAdviceTopical InsightsInvestment philosophyInvesting

InsightsInvestment philosophyInvesting basicsInvestment approachesMarkets and economyAdviceTopical InsightsAdviceAdviceQuality financial adviceMany people find it difficult to invest on their own, particularly as they accumulate wealth and their financial situations become

accumulate wealth and their financial situations become more complex.11 Apr 2020AdviceQuality financial adviceThis video looks at the role of financial advice as you plan out goals like buying a house, starting a family or preparing for retirement.10 Apr 2020AdviceLearn about how your

for retirement.10 Apr 2020AdviceLearn about how your adviser adds valueMany investors find it difficult to invest on their own as they build wealth and their finances become more complex.09 Apr 2020AdviceStart with a planA carefully conceived financial plan is a must-have for every

conceived financial plan is a must-have for every investor.07 Apr 2020AdviceEngage in meaningful conversations with your financial adviserWhen you talk about your money, you're really talking about your hopes, dreams and concerns for the future.01 Apr 2020More InsightsResearch &

for the future.01 Apr 2020More InsightsResearch & commentaryAccess Vanguard's latest insights on the impact of the Coronavirus on the markets and economy.Read more Coronavirus Investment HubVanguard's information resource centre for you to stay informed and help your conversations with

for you to stay informed and help your conversations with clients.Visit the hubScroll to topCareersFollow us onLinkedInTwitterMedia CentreAbout VanguardAbout VanguardAbout usInvestment principlesOur teamAwardsOur values in actionOur investment

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filter articles by asset classAllInvestment stylesAsset classesRetirement planningDiversificationInvesting basicsBond portfolios and interest ratesYou may be familiar with the relationship between bond prices and interest rates. But are rising interest rates always bad for bond

rates. But are rising interest rates always bad for bond portfolios?15 Feb 2022Investing basicsBonds and credit spreadsWhat are credit spreads, and what does it mean for your portfolio when they widen or tighten?13 Dec 2021Investing basicsBonds and diversificationWhat is the role bonds play

and diversificationWhat is the role bonds play in a diversified investment portfolio and how do they behave through different market conditions?13 Dec 2021Investing basicsUnderstanding indexing: Plain TalkThis guide explains the difference between actively and passively managed index

difference between actively and passively managed index funds.14 Apr 2020Investing basicsUnderstanding indexingThis video explains the approach of passive index fund managers is not to try and beat the market.13 Apr 2020Investing basicsUnderstanding indexingHow to use index funds as the

basicsUnderstanding indexingHow to use index funds as the building blocks of a successful investment portfolio.12 Apr 2020Investing basicsEquity investing: Plain TalkThis guide explains all about investing in shares, and becoming a company shareholder.09 Apr 2020Investing

and becoming a company shareholder.09 Apr 2020Investing basicsUnderstanding asset classesHaving a mix of investments across different asset classes such as shares, bonds, property or cash is the key achieving diversified exposure.09 Apr 2020Investing basicsBond investingThis video

Apr 2020Investing basicsBond investingThis video explains the important role bonds play in investment portfolios to help reduce volatility and spread risks.08 Apr 2020Investing basicsShares - equity investingThis video explains the basics of shares and dividends, and why they are riskier

the basics of shares and dividends, and why they are riskier than other types of assets.08 Apr 2020Investing basicsBond investing: Plain TalkWhether you're looking to generate income, diversify your investments or reduce volatility, bonds can be a smart choice.07 Apr 2020Investing

bonds can be a smart choice.07 Apr 2020Investing basicsDiversified Investments Quick GuideThis brochure shows the structures of Vanguard's four multi-asset diversified investment funds.07 Apr 2020Investing basicsVanguard Diversified Index ETFsHow Vanguard's low-cost multi-sector

Index ETFsHow Vanguard's low-cost multi-sector index ETFs provide broad diversification across multiple asset classes.06 Apr 2020Investing basicsDiversified Index FundsHow using Vanguard Diversified Funds allows investors to strengthen and diversify their portfolio at a low cost.06

strengthen and diversify their portfolio at a low cost.06 Apr 2020More InsightsResearch & commentaryAccess Vanguard's latest insights on the impact of the Coronavirus on the markets and economy.Read more Coronavirus Investment HubVanguard's information resource centre for you to stay

HubVanguard's information resource centre for you to stay informed and help your conversations with clients.Visit the hubLoad moreScroll to topCareersFollow us onLinkedInTwitterMedia CentreAbout VanguardAbout VanguardAbout usInvestment principlesOur teamAwardsOur values in

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by asset classAllManaged fundsETFsBuilding your portfolioVanguard activeInvestment approachesWhat is a core-satellite portfolio?You may have heard about the core-satellite approach to investing. So, what is it?16 Sep 2022Investment approachesManaged FundsThis video looks at why

approachesManaged FundsThis video looks at why you'd choose a managed fund for your investment portfolio.14 Apr 2020Investment approachesIntroducing managed funds: An overviewManaged funds provide a cost-effective way for investors, large and small, to access a diversified mix of

investors, large and small, to access a diversified mix of professionally managed investments. Read more about the basics of managed funds.13 Apr 2020Investment approachesIntroducing managed funds: The importance of low costIf you're investing in managed funds, it's important to

you're investing in managed funds, it's important to understand how fees work and the tax implications.13 Apr 2020Investment approachesActive management without the headwindsHow we apply our investment processes to multiple strategies, including traditional alpha, factors, liquid

including traditional alpha, factors, liquid alternatives and managed payout.12 Apr 2020Investment approachesOur approach to active investingOur research shows how low costs and top talent are critical factors in improving the likelihood of active outperformance.12 Apr 2020Investment

of active outperformance.12 Apr 2020Investment approachesImproving the odds of successVanguard research has identified the three key factors most critical to achieving the odds of outperformance through active investing.11 Apr 2020Investment approachesSelecting active managersThe

2020Investment approachesSelecting active managersThe three critical factors required for your clients to achieve superior long-term outperformance. Talent, cost and patience.10 Apr 2020Investment approachesHow to choose an active investment managerHaving conviction that your fund

investment managerHaving conviction that your fund has employed a talented investment manager is critical to giving you the best chance of investment success. Here are six areas to discuss with your adviser.09 Apr 2020Investment approachesIntroducing factor-based investingBy focusing on

factor-based investingBy focusing on factor exposures, you get a clearer view of potential premiums. Why you should consider factor-based investments.07 Apr 2020Investment approachesMulti-factor InvestingThis video explains the use role of multi-factor investing in portfolios.05 Apr

use role of multi-factor investing in portfolios.05 Apr 2020Investment approachesActive investing at VanguardWatch the video from Balaji Gopal, Head of Product Strategy for Vanguard Australia, discuss why we're actively different.04 Apr 2020Investment approachesVanguard oversight

Apr 2020Investment approachesVanguard oversight and manager searchVanguard's enduring approach to selecting active management04 Apr 2020Investment approachesVanguard Active Global Growth FundVanguard's active managed fund series presents a video on the Vanguard Active Global

fund series presents a video on the Vanguard Active Global Growth Fund.03 Apr 2020More InsightsResearch & commentaryAccess Vanguard's latest insights on the impact of the Coronavirus on the markets and economy.Read more Coronavirus Investment HubVanguard's information resource centre

Investment HubVanguard's information resource centre for you to stay informed and help your conversations with clients.Visit the hubLoad moreScroll to topCareersFollow us onLinkedInTwitterMedia CentreAbout VanguardAbout VanguardAbout usInvestment principlesOur teamAwardsOur

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share it via email, Twitter or LinkedIn. You can also print documents and give them to your clients at your next meeting.Watch a video to find out moreOur topicsInvestment philosophyInvesting basicsInvestment approachesMarkets and economyAdviceTopical InsightsInvestment

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principlesInvestment philosophyTopics and trends that shaped global governance in 2021Vanguard's investment stewardship efforts in 2021 include global advocacy, engagement, and voting activities06 Apr 2022read time2 min readInvestment philosophyWhat makes Vanguard different:

philosophyWhat makes Vanguard different: ResearchThe key benefits enjoyed by investors when they invest with Vanguard.14 Apr 2020Investment philosophyVanguard in AustraliaThis video explains what makes Vanguard different from other investment firms.12 Apr 2020Investment

from other investment firms.12 Apr 2020Investment philosophyWhat makes Vanguard differentHow Vanguard's ownership structure, scale, experience and resources are helping investors.12 Apr 2020Investment philosophyVanguard's principles for investing success: Research

principles for investing success: Research paperSuccessful investment management companies base their business on a core investment philosophy, and Vanguard is no different.11 Apr 2020Investment philosophyVanguard's principles for investing successThis video explores Vanguard's

for investing successThis video explores Vanguard's four principles and how you can use them with your clients to help them meet their investment goals.10 Apr 2020Investment philosophyVanguard's principles for investing successThe four enduring principles that give investors the best

four enduring principles that give investors the best chance of success.09 Apr 2020Investment philosophyVanguard's principles for investing success: Maintaining disciplineWhy investors with long-term discipline will invariably outperform those making short-term investment

outperform those making short-term investment decisions.08 Apr 2020Investment philosophyVanguard's principles for investing success: CostsWhy a low-cost approach will enhance your chances of achieving better returns over time.07 Apr 2020Investment philosophyVanguard's principles

Apr 2020Investment philosophyVanguard's principles for investing success: GoalsThe roadmap to finding investment success is all about having a clear destination in mind.07 Apr 2020Investment philosophyVanguard's principles for investing success: BalanceHow a well-planned asset

for investing success: BalanceHow a well-planned asset allocation strategy can protect you from unexpected market shocks.07 Apr 2020Investment philosophyWhy costs matterThis video explains the savings made when investing in Vanguard funds based on higher industry average fees.05 Apr

funds based on higher industry average fees.05 Apr 2020More InsightsResearch & commentaryAccess Vanguard's latest insights on the impact of the Coronavirus on the markets and economy.Read more Coronavirus Investment HubVanguard's information resource centre for you to stay informed and

information resource centre for you to stay informed and help your conversations with clients.Visit the hubScroll to topCareersFollow us onLinkedInTwitterMedia CentreAbout VanguardAbout VanguardAbout usInvestment principlesOur teamAwardsOur values in actionOur investment

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basicsInvestment approachesMarkets and economyAdviceTopical InsightsInvestment philosophyInvesting basicsInvestment approachesMarkets and economyAdviceTopical InsightsMarkets and economyMarkets and economyInvesting in a high-inflation worldVanguard CEO Tim Buckley shares

in a high-inflation worldVanguard CEO Tim Buckley shares his views on investing in a high-inflation world.01 Jun 2022Markets and economyWhy volatility and downturns are part of investingChief Economist Joe Davis explains why market volatility and downturns happen and why they're part of

volatility and downturns happen and why they're part of investing.30 May 2022Markets and economyA welcome end to a low-rate eraHigher real interest rates should cool, but not stop, the labor market and the greater economy. And they bring longer-term benefits.07 Apr 2022read time5 min

they bring longer-term benefits.07 Apr 2022read time5 min readMarkets and economyOutlook for the fixed income landscapeVanguard global chief economist expects fixed income returns to be modest over the next decade.03 Apr 2022Markets and economySmall-cap versus large-cap

Apr 2022Markets and economySmall-cap versus large-cap equities?Small-cap equities are not expected to outperform large-caps in any meaningful way over the next five to ten years.03 Apr 2022Markets and economyRole of international equities in broader asset allocationVanguard global

equities in broader asset allocationVanguard global chief economist outlines the current draw of international equities as well as their enduring role as a diversifier in a portfolio.03 Apr 2022Markets and economyHow to react when markets dropEven for investors who buy stocks for their

markets dropEven for investors who buy stocks for their long-term growth potential, sharp drops can still be hard to stomach. Here are some things to keep in mind if a market tumble makes you feel the need to "do something."18 Mar 2022read time6 min readMarkets and economyAssessing a range of

time6 min readMarkets and economyAssessing a range of Ukraine-related economic effectsOur scenarios-based approach to economic forecasting amid war in Ukraine provides potential outcomes for growth and inflation.10 Mar 2022read time5 min readMarkets and economyHow events in Ukraine

time5 min readMarkets and economyHow events in Ukraine change our economic viewsHigher oil prices resulting from events in Ukraine are likely to trim economic growth and accelerate inflation to levels beyond what was previously expected.04 Mar 2022read time6 min readMarkets and economyHow

Mar 2022read time6 min readMarkets and economyHow to withstand challenging markets - againEvents in Ukraine understandably test investors' resolve. At such a time, it's best to take emotions out of investing.02 Mar 2022read time5 min readMarkets and economyA disciplined approach to

min readMarkets and economyA disciplined approach to investingVanguard CEO Tim Buckley shares his views on investment philosophy and taking a disciplined approach in a volatile market environment.02 Mar 2022read time1 minMarkets and economyThe patient investor and the turbulent

and economyThe patient investor and the turbulent marketsMarkets have come under pressure amid perceived new risks. Now is a time to maintain your fortitude and remain focused on your long-term goals.24 Feb 2022read time5 min readMarkets and economyWhy global recovery may not look like

and economyWhy global recovery may not look like China'sChina was roughly one-quarter ahead of most of the developed world in COVID-19 progression. It may be three or four quarters ahead in economic normalisation.22 Apr 2020read time4 minMarkets and economyVanguard economic and market

time4 minMarkets and economyVanguard economic and market update - April 2020Navigating the new normal21 Apr 2020More InsightsResearch & commentaryAccess Vanguard’s latest insights on the impact of the Coronavirus on the markets and economy.Read more Coronavirus Investment

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InsightsHow early super withdrawals add upWhile some people have no choice, others may have other options. Should they or should they not access their super early?15 Apr 2020read time3 minTopical InsightsOver-concentration risk comes to the foreMinimising concentration risk through a

comes to the foreMinimising concentration risk through a well-planned, well-diversified asset allocation strategy is one of the core principles of investing.15 Apr 2020read time3 minTopical InsightsHow to stay the course in retirementAlthough conditions appear to be calming down as

conditions appear to be calming down as markets seesaw with less extremity, there is still uncertainty ahead.15 Apr 2020read time3 minTopical InsightsLook beyond the day to dayFocusing on the long-term can be difficult when the here and now is demanding your full attention.08 Apr 2020read

and now is demanding your full attention.08 Apr 2020read time3 minTopical InsightsThe cost of early super accessWithdrawing savings from super may seem a logical move, but other support options have no long-term financial consequences.08 Apr 2020read time5 minTopical Insights$A lows a

Apr 2020read time5 minTopical Insights$A lows a reminder to review hedgingInvestors with holdings in international bonds or shares should think about when a hedged or unhedged strategy best suits.08 Apr 2020read time5 minTopical InsightsDon't fall for dividend yield trapsWhat may look like

fall for dividend yield trapsWhat may look like a good yield opportunity now may not pan out that way over the medium term as companies cut dividends.31 Mar 2020read time4 minTopical InsightsRide the market to recoveryWhat we know from past market events is that patience will be rewarded and

past market events is that patience will be rewarded and recoveries can be just as sudden and strong.31 Mar 2020read time3 minTopical InsightsA different form of distancingAnother form of social distancing we can practice. Keep a healthy distance from that account balance until markets have

distance from that account balance until markets have settled.24 Mar 2020read time3 minTopical InsightsThe pulling power of ETFsIn the midst of strong volatility, many investors are taking a longer-term view by seeing the events as an opportunity.24 Mar 2020read time3 minTopical

events as an opportunity.24 Mar 2020read time3 minTopical InsightsThe power of diversification, discipline and long-term focusMajor market impacts like COVID-19 may not have been predicted but they are not unexpected. A major challenge and impediment for investors in achieving their

challenge and impediment for investors in achieving their long-term goals is having the discipline to stay the course.17 Mar 2020read time2 minTopical InsightsSMSFs in the ATO firing lineIs your SMSF fully compliant with the regulations governing the operation of private funds?16 Mar

governing the operation of private funds?16 Mar 2020read time5 minTopical InsightsHow to manage short-term market volatilityIt's been a wild ride for investors in recent times. Here are some mistakes to avoid and an investment approach to consider.10 Mar 2020read time3 minTopical

approach to consider.10 Mar 2020read time3 minTopical InsightsTune out the market noiseWhat do you do when market volatility increases, and media coverage intensifies? Focus on the factors you can control.10 Mar 2020read time2 minLoad moreScroll to topCareersFollow us

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AustraliaPersonal investorSuperannuationFinancial advisersInstitutional investorsVanguard Global sitesResearch and commentaryOur topicsFeaturedMarkets and economyActiveETFsPortfolio constructionWealth managementCoronavirus and market updatesFeaturedMarkets and

and market updatesFeaturedMarkets and economyActiveETFsPortfolio constructionWealth managementCoronavirus and market updatesHear directly from Vanguard leaders on topics you care aboutVanguard Voices™Coronavirus and market updatesCoronavirus and market updatesEnvisioning a

updatesCoronavirus and market updatesEnvisioning a post-pandemic futureThe COVID-19 pandemic has accelerated some trends already in place, and it will have additional implications that are opaque now but that will become undeniably clear and meaningful over time.09 Sep 2020read time3

clear and meaningful over time.09 Sep 2020read time3 minSpotlight articlesMarkets and economyOur investment and economic forecasts, January 202331 Jan 2023read time10 min readMarkets and economyAbove-target inflation likely through 202317 Jan 2023Markets and economyBeating back

through 202317 Jan 2023Markets and economyBeating back inflation, but at what cost?19 Dec 2022Markets and economyVanguard economic and market outlook for 2023: Beating back inflation16 Dec 2022read time10 min readHear directly from Vanguard leaders on topics you care aboutVanguard

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managed fundsRetail managed fundsBy Asset classEquityFixed interestDiversifiedCashPlatform accessAll platformsTools and calculatorsOverviewRetirement Income BuilderPortfolio builderFund compareDigital Index ChartManaged funds fee calculatorETF fee calculatorAsset class

and market updatesFeaturedMarkets and economyActiveETFsPortfolio constructionWealth managementCoronavirus and market updatesHear directly from Vanguard leaders on topics you care aboutVanguard Voices™ETFsETFsETF quarterly report - September 2022The Australian ETF market

report - September 2022The Australian ETF market attracted $3.5 billion in new investments during Q3.14 Nov 2022ETFsETF quarterly report - June 2022The Australian ETF market attracted $3.1 billion in new investments during Q2.02 Aug 2022ETFsMinh TieuHow to get the indexing edge for your

Aug 2022ETFsMinh TieuHow to get the indexing edge for your clientsWhen it comes to choosing an index fund for your clients’ portfolios, it may be tempting to pick the lowest-fee product. But not all indexers are the same. Below the surface there’s a lot that fund managers need to get right.20 Jul

there’s a lot that fund managers need to get right.20 Jul 2022read time4 minETFsMinh TieuReinvesting distributions could be your clients' ticket to an early retirementThere's compelling evidence that reinvesting ETF distributions will produce significantly higher investment returns

will produce significantly higher investment returns over the longer term.19 Jun 2022read time8 min readSpotlight articlesMarkets and economyOur investment and economic forecasts, January 202331 Jan 2023read time10 min readMarkets and economyAbove-target inflation likely through

and economyAbove-target inflation likely through 202317 Jan 2023Markets and economyBeating back inflation, but at what cost?19 Dec 2022Markets and economyVanguard economic and market outlook for 2023: Beating back inflation16 Dec 2022read time10 min readETFsMinh TieuETF flows reveal

Dec 2022read time10 min readETFsMinh TieuETF flows reveal year of diversificationShort-term market events tend to grab headlines. But for investors it's the long-term story that really counts.26 May 2022read time8 min readETFsVanguard ETF quarterly report - March 2022The Australian ETF

ETF quarterly report - March 2022The Australian ETF market attracted $4.68 billion in new investments during Q1.28 Apr 2022read time0 minETFsBring the world to your client's portfolio with Vanguard's range of international shares index ETFsAccess to world markets allows you to achieve

index ETFsAccess to world markets allows you to achieve higher levels of diversification while opening up a broader set of opportunities for your clients. Find out why Vanguard's low-cost international share ETFs are an ideal way to bring the world to your clients' portfolios.27 Feb 2022read

the world to your clients' portfolios.27 Feb 2022read time3 minETFsVanguard ETF quarterly report - December 2021The Australian ETF industry rounded out the best year on record with over $24.79 billion in cash flow.14 Feb 2022read time8 min readETFsExchange traded funds: Clarity amid the

time8 min readETFsExchange traded funds: Clarity amid the clutterETFs can be useful tools for investors building their portfolios. A Vanguard commentary explores their role in portfolio construction and in providing market liquidity and market information.11 Mar 2019read time1 minHear

and market information.11 Mar 2019read time1 minHear directly from Vanguard leaders on topics you care aboutVanguard Voices™Scroll to topCareersFollow us onLinkedInTwitterMedia CentreAbout VanguardAbout VanguardAbout usInvestment principlesOur teamAwardsOur values in actionOur

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from Vanguard leaders on topics you care aboutVanguard Voices™FeaturedMarkets and economyOur investment and economic forecasts, January 2023Our economists have raised their 2023 growth target for China and expect a lower peak in the Reserve Bank of Australia's interest rate target.31 Jan

Reserve Bank of Australia's interest rate target.31 Jan 2023read time10 min readMarkets and economyAbove-target inflation likely through 2023In this short video, Vanguard Senior International Economist Andrew Patterson explains how we’ll assess inflation data in 2023.17 Jan

explains how we’ll assess inflation data in 2023.17 Jan 2023Markets and economyBeating back inflation, but at what cost?In this short video, Vanguard’s global chief economist, Joe Davis, discusses what’s ahead for the economy in 2023.19 Dec 2022Markets and economyVanguard economic and

2023.19 Dec 2022Markets and economyVanguard economic and market outlook for 2023: Beating back inflationOur base case for 2023 includes a global recession brought about by policymakers’ efforts to control inflation.16 Dec 2022read time10 min readSpotlight VoiceMinh TieuMinh Tieu is Head

time10 min readSpotlight VoiceMinh TieuMinh Tieu is Head of ETF Capital Markets Asia-Pacific within Vanguard's Investment Management Group.Portfolio constructionWhy strategic asset allocation wins27 Oct 2022read time5 minETFsHow to get the indexing edge for your clients20 Jul 2022read

to get the indexing edge for your clients20 Jul 2022read time4 minMarkets and economy2023 economy and markets: 4 things to knowVanguard is preparing to release its 2023 economic and market outlook. This sneak peek includes insights on inflation, the energy crisis in Europe, long-term

on inflation, the energy crisis in Europe, long-term structural challenges faced by China, and a more positive outlook on the long-term investment environment.08 Dec 2022read time10 minMarkets and economyHow Vanguard approaches climate riskClimate change, and the ongoing global

climate riskClimate change, and the ongoing global response, will have far-reaching economic consequences for companies, financial markets and investors, presenting a material and multifaceted financial risk. Vanguard continues to take steps to understand and attend to this risk to

to take steps to understand and attend to this risk to investors’ returns.06 Dec 2022read time3 minMarkets and economyVanguard economic and market outlook for 2023: Global summaryWhether a recession is likely and what it might entail are questions on many investors’ minds. Here’s what

entail are questions on many investors’ minds. Here’s what Vanguard economists are expecting for next year.24 Nov 2022read time9 minMarkets and economyThe strong dollar: Why and how long?In a short video, Vanguard’s chief economist for the Americas looks at key factors behind the U.S.

for the Americas looks at key factors behind the U.S. dollar’s recent appreciation against other currencies.21 Nov 2022Markets and economyVanguard economic and market update - Oct 2022Read Vanguard Investment Strategy Group’s monthly global economic and market update.21 Nov 2022read

monthly global economic and market update.21 Nov 2022read time9 minETFsETF quarterly report - September 2022The Australian ETF market attracted $3.5 billion in new investments during Q3.14 Nov 2022Markets and economyActive Fixed Income Perspectives Q4 2022: Bonds look betterRead

Fixed Income Perspectives Q4 2022: Bonds look betterRead Vanguard's latest sector-by-sector analysis of global fixed income markets and a summary of how those views affect the Vanguard active bond funds.10 Nov 2022read time10 min readActiveA consistent approach to active fixed

min readActiveA consistent approach to active fixed incomeVanguard's experts explain why advisers should seek to diversify sources of alpha through prudent fixed income security selection to deliver returns clients can rely on.02 Nov 2022read time6 minMarkets and economyRapid interest

Nov 2022read time6 minMarkets and economyRapid interest rate rises reveal global market frailtiesQuickly rising global interest rates increase the chance of market dislocations. Markets seek certainty that policymakers can lead the economy to a comfortable place.23 Oct 2022read time5 min

economy to a comfortable place.23 Oct 2022read time5 min readMarkets and economyVanguard economic and market update - Sept 2022Read Vanguard Investment Strategy Group's monthly global economic and market update.16 Oct 2022read time9 min readHear directly from Vanguard leaders on topics

min readHear directly from Vanguard leaders on topics you care aboutVanguard Voices™Scroll to topCareersFollow us onLinkedInTwitterMedia CentreAbout VanguardAbout VanguardAbout usInvestment principlesOur teamAwardsOur values in actionOur investment

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CentreMEDIA CENTRECAREERSFINANCIAL ADVISERSVanguard AustraliaPersonal investorSuperannuationFinancial advisersInstitutional investorsVanguard Global sitesVanguard VoicesGet to know our Vanguard Voices, dedicated individuals who comment on today's topics.Vanguard

individuals who comment on today's topics.Vanguard voicesFeatured voicesRebecca PopeRachel WhiteMinh TieuFeatured voicesRebecca PopeRachel WhiteMinh TieuResearch and commentary contentOur topicsFeatured voicesPortfolio constructionMinh TieuWhy strategic asset allocation

constructionMinh TieuWhy strategic asset allocation winsAsset classes perform differently over time. Spreading investments across a range of growth and defensive asset classes is essential to the construction of high-quality, diversified portfolios.27 Oct 2022read time5 minPortfolio

portfolios.27 Oct 2022read time5 minPortfolio constructionRachel WhiteHow core-satellite increases your efficiency and practice valueA core-satellite approach can help you build client trust, enhance practice value, and give you more time back in your day.13 Sep 2022read time3

and give you more time back in your day.13 Sep 2022read time3 minETFsMinh TieuHow to get the indexing edge for your clientsWhen it comes to choosing an index fund for your clients’ portfolios, it may be tempting to pick the lowest-fee product. But not all indexers are the same. Below the surface

But not all indexers are the same. Below the surface there’s a lot that fund managers need to get right.20 Jul 2022read time4 minETFsMinh TieuReinvesting distributions could be your clients' ticket to an early retirementThere's compelling evidence that reinvesting ETF distributions will

evidence that reinvesting ETF distributions will produce significantly higher investment returns over the longer term.19 Jun 2022read time8 min readSpotlight ArticlesMarkets and economyOur investment and economic forecasts, January 202331 Jan 2023read time10 min readMarkets and

January 202331 Jan 2023read time10 min readMarkets and economyAbove-target inflation likely through 202317 Jan 2023Markets and economyBeating back inflation, but at what cost?19 Dec 2022Markets and economyVanguard economic and market outlook for 2023: Beating back inflation16 Dec

and market outlook for 2023: Beating back inflation16 Dec 2022read time10 min readETFsMinh TieuETF flows reveal year of diversificationShort-term market events tend to grab headlines. But for investors it's the long-term story that really counts.26 May 2022read time8 min readPortfolio

really counts.26 May 2022read time8 min readPortfolio constructionRachel WhiteHow practices are responding to the advice challengeDrawing on the key findings from the Adviser Landscape Report for 2022, we take a look at how advisers are responding to the advice challenge while creating

are responding to the advice challenge while creating better client experiences and more sustainable growth.09 May 2022read time5 minPortfolio constructionRebecca PopeThe Vanguard Effect: Working harder for youWhile most financial advisers in Australia know Vanguard, many investors do

advisers in Australia know Vanguard, many investors do not. This month, Vanguard is launching a significant national brand campaign.15 Apr 2021read time2 min readResearch and commentary contentOur topicsScroll to top description for accessibilityCareersFollow us

to top description for accessibilityCareersFollow us onLinkedInTwitterMedia CentreAbout VanguardAbout VanguardAbout usInvestment principlesOur teamAwardsOur values in actionOur investment approachesIndexingActiveDiversified investmentsESGManaged accountsInvestment

policyCookie policyWhistleblower policyCareers  d.com.au adviser insights en indexing.  Research and Commentary     MEDIA CENTRECAREERSFINANCIAL ADVISERSAbout VanguardInvestment productsTools and calculatorsAdviser resourcesInsights and educationContact usMENUAbout

and market updatesFeaturedMarkets and economyActiveETFsPortfolio constructionWealth managementCoronavirus and market updatesHear directly from Vanguard leaders on topics you care aboutVanguard Voices™FeaturedMarkets and economyOur investment and economic forecasts, January

economyOur investment and economic forecasts, January 2023Our economists have raised their 2023 growth target for China and expect a lower peak in the Reserve Bank of Australia's interest rate target.31 Jan 2023read time10 min readMarkets and economyAbove-target inflation likely through

and economyAbove-target inflation likely through 2023In this short video, Vanguard Senior International Economist Andrew Patterson explains how we’ll assess inflation data in 2023.17 Jan 2023Markets and economyBeating back inflation, but at what cost?In this short video, Vanguard’s

but at what cost?In this short video, Vanguard’s global chief economist, Joe Davis, discusses what’s ahead for the economy in 2023.19 Dec 2022Markets and economyVanguard economic and market outlook for 2023: Beating back inflationOur base case for 2023 includes a global recession brought

base case for 2023 includes a global recession brought about by policymakers’ efforts to control inflation.16 Dec 2022read time10 min readSpotlight VoiceMinh TieuMinh Tieu is Head of ETF Capital Markets Asia-Pacific within Vanguard's Investment Management Group.Portfolio

Vanguard's Investment Management Group.Portfolio constructionWhy strategic asset allocation wins27 Oct 2022read time5 minETFsHow to get the indexing edge for your clients20 Jul 2022read time4 minMarkets and economy2023 economy and markets: 4 things to knowVanguard is preparing to

and markets: 4 things to knowVanguard is preparing to release its 2023 economic and market outlook. This sneak peek includes insights on inflation, the energy crisis in Europe, long-term structural challenges faced by China, and a more positive outlook on the long-term investment

and a more positive outlook on the long-term investment environment.08 Dec 2022read time10 minMarkets and economyHow Vanguard approaches climate riskClimate change, and the ongoing global response, will have far-reaching economic consequences for companies, financial markets and

consequences for companies, financial markets and investors, presenting a material and multifaceted financial risk. Vanguard continues to take steps to understand and attend to this risk to investors’ returns.06 Dec 2022read time3 minMarkets and economyVanguard economic and market

time3 minMarkets and economyVanguard economic and market outlook for 2023: Global summaryWhether a recession is likely and what it might entail are questions on many investors’ minds. Here’s what Vanguard economists are expecting for next year.24 Nov 2022read time9 minMarkets and

for next year.24 Nov 2022read time9 minMarkets and economyThe strong dollar: Why and how long?In a short video, Vanguard’s chief economist for the Americas looks at key factors behind the U.S. dollar’s recent appreciation against other currencies.21 Nov 2022Markets and economyVanguard

other currencies.21 Nov 2022Markets and economyVanguard economic and market update - Oct 2022Read Vanguard Investment Strategy Group’s monthly global economic and market update.21 Nov 2022read time9 minETFsETF quarterly report - September 2022The Australian ETF market attracted $3.5

- September 2022The Australian ETF market attracted $3.5 billion in new investments during Q3.14 Nov 2022Markets and economyActive Fixed Income Perspectives Q4 2022: Bonds look betterRead Vanguard's latest sector-by-sector analysis of global fixed income markets and a summary of how those

of global fixed income markets and a summary of how those views affect the Vanguard active bond funds.10 Nov 2022read time10 min readActiveA consistent approach to active fixed incomeVanguard's experts explain why advisers should seek to diversify sources of alpha through prudent fixed

seek to diversify sources of alpha through prudent fixed income security selection to deliver returns clients can rely on.02 Nov 2022read time6 minMarkets and economyRapid interest rate rises reveal global market frailtiesQuickly rising global interest rates increase the chance of market

rising global interest rates increase the chance of market dislocations. Markets seek certainty that policymakers can lead the economy to a comfortable place.23 Oct 2022read time5 min readMarkets and economyVanguard economic and market update - Sept 2022Read Vanguard Investment Strategy

update - Sept 2022Read Vanguard Investment Strategy Group's monthly global economic and market update.16 Oct 2022read time9 min readHear directly from Vanguard leaders on topics you care aboutVanguard Voices™Scroll to topCareersFollow us onLinkedInTwitterMedia CentreAbout

us onLinkedInTwitterMedia CentreAbout VanguardAbout VanguardAbout usInvestment principlesOur teamAwardsOur values in actionOur investment approachesIndexingActiveDiversified investmentsESGManaged accountsInvestment stewardshipOverviewOur four pillarsPerspectives and

securities laws.© 2022 Vanguard Investments Australia Ltd. All rights reserved.Your use of this site signifies that you accept our:Terms and conditionsDisclaimersPrivacy policyCookie policyWhistleblower policyCareers  d.com.au adviser insights en markets economy.  Research and

adviser insights en markets economy.  Research and Commentary     MEDIA CENTRECAREERSFINANCIAL ADVISERSAbout VanguardInvestment productsTools and calculatorsAdviser resourcesInsights and educationContact usMENUAbout VanguardAbout VanguardAbout usInvestment principlesOur

AlphaOverviewEducationClient Education CentreWebinarsContact usCareersFollow us onLinkedInTwitterMedia CentreMEDIA CENTRECAREERSFINANCIAL ADVISERSVanguard AustraliaPersonal investorSuperannuationFinancial advisersInstitutional investorsVanguard Global

advisersInstitutional investorsVanguard Global sitesResearch and commentaryOur topicsFeaturedMarkets and economyActiveETFsPortfolio constructionWealth managementCoronavirus and market updatesFeaturedMarkets and economyActiveETFsPortfolio constructionWealth

and economyActiveETFsPortfolio constructionWealth managementCoronavirus and market updatesHear directly from Vanguard leaders on topics you care aboutVanguard Voices™Markets and economyMarkets and economyOur investment and economic forecasts, January 2023Our economists have

and economic forecasts, January 2023Our economists have raised their 2023 growth target for China and expect a lower peak in the Reserve Bank of Australia's interest rate target.31 Jan 2023read time10 min readMarkets and economyAbove-target inflation likely through 2023In this short video,

inflation likely through 2023In this short video, Vanguard Senior International Economist Andrew Patterson explains how we’ll assess inflation data in 2023.17 Jan 2023Markets and economyBeating back inflation, but at what cost?In this short video, Vanguard’s global chief economist, Joe

this short video, Vanguard’s global chief economist, Joe Davis, discusses what’s ahead for the economy in 2023.19 Dec 2022Markets and economyVanguard economic and market outlook for 2023: Beating back inflationOur base case for 2023 includes a global recession brought about by

case for 2023 includes a global recession brought about by policymakers’ efforts to control inflation.16 Dec 2022read time10 min readSpotlight articlesETFsETF quarterly report - September 202214 Nov 2022ActiveA consistent approach to active fixed income02 Nov 2022read time6 minActiveA

to active fixed income02 Nov 2022read time6 minActiveA smoother ride: Why an active approach to managing volatility can give your clients an edge04 Aug 2022read time4 min readETFsETF quarterly report - June 202202 Aug 2022Markets and economy2023 economy and markets: 4 things to knowVanguard

economy2023 economy and markets: 4 things to knowVanguard is preparing to release its 2023 economic and market outlook. This sneak peek includes insights on inflation, the energy crisis in Europe, long-term structural challenges faced by China, and a more positive outlook on the long-term

faced by China, and a more positive outlook on the long-term investment environment.08 Dec 2022read time10 minMarkets and economyHow Vanguard approaches climate riskClimate change, and the ongoing global response, will have far-reaching economic consequences for companies, financial

economic consequences for companies, financial markets and investors, presenting a material and multifaceted financial risk. Vanguard continues to take steps to understand and attend to this risk to investors’ returns.06 Dec 2022read time3 minMarkets and economyVanguard economic and

other currencies.21 Nov 2022Markets and economyVanguard economic and market update - Oct 2022Read Vanguard Investment Strategy Group’s monthly global economic and market update.21 Nov 2022read time9 minMarkets and economyActive Fixed Income Perspectives Q4 2022: Bonds look betterRead

Fixed Income Perspectives Q4 2022: Bonds look betterRead Vanguard's latest sector-by-sector analysis of global fixed income markets and a summary of how those views affect the Vanguard active bond funds.10 Nov 2022read time10 min readMarkets and economyRapid interest rate rises reveal

readMarkets and economyRapid interest rate rises reveal global market frailtiesQuickly rising global interest rates increase the chance of market dislocations. Markets seek certainty that policymakers can lead the economy to a comfortable place.23 Oct 2022read time5 min readMarkets and

place.23 Oct 2022read time5 min readMarkets and economyVanguard economic and market update - Sept 2022Read Vanguard Investment Strategy Group's monthly global economic and market update.16 Oct 2022read time9 min readMarkets and economyWith interest rates going higher, what's the outlook

interest rates going higher, what's the outlook for a diversified portfolio?As interest rates rise, what is the implication for diversified portfolios?17 Oct 2022read time6 min readMarkets and economyVanguard CIO addresses a dismal marketWith all the negative economic news, it's tempting

marketWith all the negative economic news, it's tempting to get out of the market. History suggests that's an unwise move.12 Oct 2022read time7 min readLoad moreHear directly from Vanguard leaders on topics you care aboutVanguard Voices™Scroll to topCareersFollow us

care aboutVanguard Voices™Scroll to topCareersFollow us onLinkedInTwitterMedia CentreAbout VanguardAbout VanguardAbout usInvestment principlesOur teamAwardsOur values in actionOur investment approachesIndexingActiveDiversified investmentsESGManaged accountsInvestment

policyCookie policyWhistleblower policyCareers  d.com.au adviser insights en portfolio construction.  Research and Commentary     MEDIA CENTRECAREERSFINANCIAL ADVISERSAbout VanguardInvestment productsTools and calculatorsAdviser resourcesInsights and educationContact

and market updatesFeaturedMarkets and economyActiveETFsPortfolio constructionWealth managementCoronavirus and market updatesHear directly from Vanguard leaders on topics you care aboutVanguard Voices™Portfolio constructionActiveA consistent approach to active fixed

constructionActiveA consistent approach to active fixed incomeVanguard's experts explain why advisers should seek to diversify sources of alpha through prudent fixed income security selection to deliver returns clients can rely on.02 Nov 2022read time6 minPortfolio constructionMinh

on.02 Nov 2022read time6 minPortfolio constructionMinh TieuWhy strategic asset allocation winsAsset classes perform differently over time. Spreading investments across a range of growth and defensive asset classes is essential to the construction of high-quality, diversified

to the construction of high-quality, diversified portfolios.27 Oct 2022read time5 minPortfolio constructionRachel WhiteHow core-satellite increases your efficiency and practice valueA core-satellite approach can help you build client trust, enhance practice value, and give you more

client trust, enhance practice value, and give you more time back in your day.13 Sep 2022read time3 minPortfolio constructionStrategic asset allocation will outlive this marketWith stocks and bonds well into negative territory, it's tempting to call the traditional balanced portfolio

it's tempting to call the traditional balanced portfolio dead. But we've been here before, says Roger Aliaga-Diaz, chief economist for the Americas and head of portfolio construction in Vanguard Investment Strategy Group.27 Jun 2022read time2 minSpotlight articlesMarkets and economyOur

time2 minSpotlight articlesMarkets and economyOur investment and economic forecasts, January 202331 Jan 2023read time10 min readMarkets and economyAbove-target inflation likely through 202317 Jan 2023Markets and economyBeating back inflation, but at what cost?19 Dec 2022Markets and

back inflation, but at what cost?19 Dec 2022Markets and economyVanguard economic and market outlook for 2023: Beating back inflation16 Dec 2022read time10 min readPortfolio constructionFreshness article: Filling the retirement income gapSome early retirees will not have enough to last

income gapSome early retirees will not have enough to last through retirement. Vanguard experts discuss a few options.21 Jun 2022read time3 minPortfolio constructionThe Case for Low-Cost Index-Fund InvestingA newly revised Vanguard research paper examines the factors that help make a

research paper examines the factors that help make a compelling case for index investing.09 Jun 2022Portfolio constructionRachel WhiteHow practices are responding to the advice challengeDrawing on the key findings from the Adviser Landscape Report for 2022, we take a look at how advisers are

Landscape Report for 2022, we take a look at how advisers are responding to the advice challenge while creating better client experiences and more sustainable growth.09 May 2022read time5 minPortfolio constructionOur approach to climate riskIn this second of two Q&As, John Galloway

to climate riskIn this second of two Q&As, John Galloway discusses Vanguard's views on climate change and the role that effective stewardship will play throughout the energy transition to mitigate the financial threat to long-term investors.06 May 2022read time7 min readPortfolio

investors.06 May 2022read time7 min readPortfolio constructionWhat can new retirees withdraw from a portfolio? A scenario analysisWhat can new retirees withdraw from a portfolio? Vanguard research looks into sustainable withdrawal rates.28 Apr 2022Portfolio constructionUsing passive

rates.28 Apr 2022Portfolio constructionUsing passive for activeLearn how passive investing is being used to build portfolios with active exposures.11 Apr 2022read time5 min readPortfolio constructionTopics and trends that shaped global governance in 2021Vanguard's investment

shaped global governance in 2021Vanguard's investment stewardship efforts in 2021 include global advocacy, engagement, and voting activities06 Apr 2022read time2 min readPortfolio constructionPart 2: Aligning portfolios with ESG values in Australia - an industry viewThis second blog

ESG values in Australia - an industry viewThis second blog post from our ESG index provider FTSE Russell, discusses how their exclusionary ESG indexes allow you to transparently align portfolios with ESG values.05 Apr 2022read time5 minPortfolio constructionA new form of active?New Vanguard

constructionA new form of active?New Vanguard research explores how investors are increasingly using passive funds to build active portfolios.05 Apr 2022read time4 min readPortfolio constructionA voice for long-term shareholder valueIn this first of two Q&As, John Galloway, global head

valueIn this first of two Q&As, John Galloway, global head of Vanguard's Investment Stewardship team, discusses corporate governance practices and how Vanguard addresses ESG risks that can affect long-term shareholder value in its equity funds.21 Mar 2022read time6 min readLoad moreHear

equity funds.21 Mar 2022read time6 min readLoad moreHear directly from Vanguard leaders on topics you care aboutVanguard Voices™Scroll to topCareersFollow us onLinkedInTwitterMedia CentreAbout VanguardAbout VanguardAbout usInvestment principlesOur teamAwardsOur values in

use of this site signifies that you accept our:Terms and conditionsDisclaimersPrivacy policyCookie policyWhistleblower policyCareers  d.com.au adviser insights en voices minh tieu.  Research and Commentary     MEDIA CENTRECAREERSFINANCIAL ADVISERSAbout VanguardInvestment

individuals who comment on today's topics.Vanguard voicesFeatured voicesRebecca PopeRachel WhiteMinh TieuFeatured voicesRebecca PopeRachel WhiteMinh TieuResearch and commentary contentOur topicsMinh TieuMinh Tieu is Head of ETF Capital Markets Asia-Pacific within Vanguard's

of ETF Capital Markets Asia-Pacific within Vanguard's Investment Management Group.Minh TieuIn this role, Minh is responsible for the primary and secondary markets of the ETF product suite in the Asia-Pacific region.Prior to commencing this role in January 2020, Minh led ETF Capital Markets

this role in January 2020, Minh led ETF Capital Markets in Hong Kong where he helped drive the growth of Vanguard's ETF presence across Asia, and gained extensive experience trading the Asia-Pacific cash equities and futures markets.Minh joined Vanguard in 2008 holding roles in portfolio

joined Vanguard in 2008 holding roles in portfolio management and trade execution of equity indexed international portfolios, before relocating to the business' Hong Kong office.Minh holds a Bachelor of Business (Economics & Finance) from RMIT and a Master of Applied Finance from Macquarie

from RMIT and a Master of Applied Finance from Macquarie University.Portfolio constructionMinh TieuWhy strategic asset allocation winsAsset classes perform differently over time. Spreading investments across a range of growth and defensive asset classes is essential to the construction

defensive asset classes is essential to the construction of high-quality, diversified portfolios.27 Oct 2022read time5 minETFsMinh TieuHow to get the indexing edge for your clientsWhen it comes to choosing an index fund for your clients’ portfolios, it may be tempting to pick the lowest-fee

portfolios, it may be tempting to pick the lowest-fee product. But not all indexers are the same. Below the surface there’s a lot that fund managers need to get right.20 Jul 2022read time4 minETFsMinh TieuReinvesting distributions could be your clients' ticket to an early retirementThere's

be your clients' ticket to an early retirementThere's compelling evidence that reinvesting ETF distributions will produce significantly higher investment returns over the longer term.19 Jun 2022read time8 min readETFsMinh TieuETF flows reveal year of diversificationShort-term market

flows reveal year of diversificationShort-term market events tend to grab headlines. But for investors it's the long-term story that really counts.26 May 2022read time8 min readResearch and commentary contentOur topicsScroll to top description for accessibilityCareersFollow us

policyCookie policyWhistleblower policyCareers  d.com.au adviser insights en voices rachel white.  Research and Commentary     MEDIA CENTRECAREERSFINANCIAL ADVISERSAbout VanguardInvestment productsTools and calculatorsAdviser resourcesInsights and educationContact usMENUAbout

AustraliaPersonal investorSuperannuationFinancial advisersInstitutional investorsVanguard Global sitesVanguard VoicesGet to know our Vanguard Voices, dedicated individuals who comment on today's topics.Vanguard voicesFeatured voicesRebecca PopeRachel WhiteMinh

voicesFeatured voicesRebecca PopeRachel WhiteMinh TieuFeatured voicesRebecca PopeRachel WhiteMinh TieuResearch and commentary contentOur topicsRachel WhiteRachel White is Head of Financial Adviser Services for Vanguard Australia.Rachel WhiteRachel White is Head of Financial

Australia.Rachel WhiteRachel White is Head of Financial Adviser Services and a member of Vanguard Australiaï¿½s executive team. In this role, Rachel is responsible for the growth of Vanguardï¿½s business with financial advisers and leads the team responsible for the distribution of

and leads the team responsible for the distribution of Vanguard's managed funds and exchange traded funds to advisers.Rachel has been with Vanguard since 2015, initially joining the business in Vanguardï¿½s U.K. business based in London. Prior to taking on her current role, Rachel held

in London. Prior to taking on her current role, Rachel held various senior leadership roles in Product, where she was responsible for the development and oversight of Vanguardï¿½s investment products and product roadmap.Before joining Vanguard, Rachel gained experience in the financial

Vanguard, Rachel gained experience in the financial services industry holding product and strategy roles at organisations such as PM Capital Limited and National Australia Bank.Rachel holds a Bachelor of Commerce from the University of Melbourne and is a CFA Charterholder.Portfolio

of Melbourne and is a CFA Charterholder.Portfolio constructionRachel WhiteHow core-satellite increases your efficiency and practice valueA core-satellite approach can help you build client trust, enhance practice value, and give you more time back in your day.13 Sep 2022read time3

and give you more time back in your day.13 Sep 2022read time3 minPortfolio constructionRachel WhiteHow practices are responding to the advice challengeDrawing on the key findings from the Adviser Landscape Report for 2022, we take a look at how advisers are responding to the advice challenge

look at how advisers are responding to the advice challenge while creating better client experiences and more sustainable growth.09 May 2022read time5 minResearch and commentary contentOur topicsScroll to top description for accessibilityCareersFollow us onLinkedInTwitterMedia

accessibilityCareersFollow us onLinkedInTwitterMedia CentreAbout VanguardAbout VanguardAbout usInvestment principlesOur teamAwardsOur values in actionOur investment approachesIndexingActiveDiversified investmentsESGManaged accountsInvestment stewardshipOverviewOur

securities laws.© 2022 Vanguard Investments Australia Ltd. All rights reserved.Your use of this site signifies that you accept our:Terms and conditionsDisclaimersPrivacy policyCookie policyWhistleblower policyCareers  d.com.au adviser insights en voices rebecca pope.  Research and

adviser insights en voices rebecca pope.  Research and Commentary     MEDIA CENTRECAREERSFINANCIAL ADVISERSAbout VanguardInvestment productsTools and calculatorsAdviser resourcesInsights and educationContact usMENUAbout VanguardAbout VanguardAbout usInvestment principlesOur

advisersInstitutional investorsVanguard Global sitesVanguard VoicesGet to know our Vanguard Voices, dedicated individuals who comment on today's topics.Vanguard voicesFeatured voicesRebecca PopeRachel WhiteMinh TieuFeatured voicesRebecca PopeRachel WhiteMinh TieuResearch and

voicesRebecca PopeRachel WhiteMinh TieuResearch and commentary contentOur topicsRebecca PopeRebecca Pope is Head of Intermediary for Vanguard Australia.Rebecca PopeRebecca Pope is Head of Intermediary for Vanguard Australia. In this role, Rebecca is responsible for leading the sales

In this role, Rebecca is responsible for leading the sales strategy and the team responsible for the distribution of Vanguard's managed funds and exchange traded funds product to intermediaries.Prior to taking on her current role in February 2017, Rebecca held the roles of Sales Excellence and

2017, Rebecca held the roles of Sales Excellence and Planning Manager, where she developed the strategy and vision for the learning functions and business planning for Distribution, and Marketing Manager, where she was responsible for the development and management of both the adviser and

for the development and management of both the adviser and retail channel marketing strategies.Portfolio constructionRebecca PopeThe Vanguard Effect: Working harder for youWhile most financial advisers in Australia know Vanguard, many investors do not. This month, Vanguard is launching

many investors do not. This month, Vanguard is launching a significant national brand campaign.15 Apr 2021read time2 min readResearch and commentary contentOur topicsScroll to top description for accessibilityCareersFollow us onLinkedInTwitterMedia CentreAbout VanguardAbout

securities laws.© 2022 Vanguard Investments Australia Ltd. All rights reserved.Your use of this site signifies that you accept our:Terms and conditionsDisclaimersPrivacy policyCookie policyWhistleblower policyCareers  d.com.au adviser insights en wealth management.  Research and

adviser insights en wealth management.  Research and Commentary     MEDIA CENTRECAREERSFINANCIAL ADVISERSAbout VanguardInvestment productsTools and calculatorsAdviser resourcesInsights and educationContact usMENUAbout VanguardAbout VanguardAbout usInvestment principlesOur

and economyActiveETFsPortfolio constructionWealth managementCoronavirus and market updatesHear directly from Vanguard leaders on topics you care aboutVanguard Voices™Wealth managementWealth managementThe Great Retirement? Or the Great Sabbatical?Our experts provide insights

Or the Great Sabbatical?Our experts provide insights into who has retirement during the pandemic and whether these retirees might need to return to the workforce.05 Jul 2022Wealth managementThe Great Retirement: For some, it may be only temporaryThe Great Resignation was also the Great

be only temporaryThe Great Resignation was also the Great Retirement. For some, it may become the Great Sabbatical, as retirees return to work. Learn why from Vanguard's latest research.04 Jul 2022read time3 minWealth managementOur aspiration: Keep changing the way the world investsCEO Tim

aspiration: Keep changing the way the world investsCEO Tim Buckley reflects on progress made to give investors a fair shake and what more Vanguard can do to deliver strong fund performance, trusted advice and a world-class client experience.07 Feb 2019read time4 minWealth managementThe

Feb 2019read time4 minWealth managementThe Vanguard Adviser's Alpha guide to proactive behavioural coachingThese ready-to-implement tools and strategies can help advisers guide clients past uncertainty to reach their goals.05 Feb 2019read time1 minSpotlight articlesMarkets and

Feb 2019read time1 minSpotlight articlesMarkets and economyOur investment and economic forecasts, January 202331 Jan 2023read time10 min readMarkets and economyAbove-target inflation likely through 202317 Jan 2023Markets and economyBeating back inflation, but at what cost?19 Dec

and economyBeating back inflation, but at what cost?19 Dec 2022Markets and economyVanguard economic and market outlook for 2023: Beating back inflation16 Dec 2022read time10 min readWealth managementThe evolution of Vanguard Adviser's Alpha: From portfolio to peopleRelationship

Adviser's Alpha: From portfolio to peopleRelationship management is the path to client satisfaction. In this paper, Vanguard Investment Strategy Group explores how advisers can differentiate themselves from their competitors.02 Mar 2018read time1 minHear directly from Vanguard leaders

Mar 2018read time1 minHear directly from Vanguard leaders on topics you care aboutVanguard Voices™Scroll to topCareersFollow us onLinkedInTwitterMedia CentreAbout VanguardAbout VanguardAbout usInvestment principlesOur teamAwardsOur values in actionOur investment

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Adviser solutions You Are ViewingVanguard Australia These are your moments. Invest them wisely. We’re here to help your money go further, so you can make more of life’s most valuable resource – time.Why Vanguard?We’re one of the world's largest investment management companies, offering a wide

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business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging.. d.com.au choose your super diversified.    Vanguard Corporate Home | Vanguard Australia  You need to enable JavaScript to run this app Skip to main

You need to enable JavaScript to run this app Skip to main contentVanguard Australia Vanguard Australia , selected Investments Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Log in Vanguard logo Investments Superannuation Adviser

Log in Vanguard logo Investments Superannuation Adviser solutions Vanguard logoLog in Investments Superannuation Adviser solutions You Are ViewingVanguard Australia These are your moments. Invest them wisely. We’re here to help your money go further, so you can make more of life’s most

your money go further, so you can make more of life’s most valuable resource – time.Why Vanguard?We’re one of the world's largest investment management companies, offering a wide range of investment options, superannuation, and valuable insights to everyday investors and financial

and valuable insights to everyday investors and financial advisers.Join 30 million investors worldwide We're proud to be a trusted partner of over 30 million investors on the journey towards financial freedom, managing over A$10 trillion of assets. 45+ years of global investment experience

of assets. 45+ years of global investment experience We've put investors first ever since the Vanguard Group started in 1975. And we've been helping Australian investors achieve long-term financial success for more than 25 years. What we offerOur mission is to take a stand for all investors, to

we offerOur mission is to take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.InvestmentsWe have a suite of award winning low-cost managed funds and ASX-listed exchange traded funds (ETFs) designed to make investing easy. You can invest in

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platforms. Learn more about Vanguard Investments SuperannuationBacked by Vanguard’s 45+ years of global investment expertise, Vanguard Super offers Australians a simpler, smarter option when it comes to their financial future. Enjoy expertly designed products and low cost philosophy

Enjoy expertly designed products and low cost philosophy that works hard for you. Choose from flexible investment options to suit every type of investor. Experience a simple and intuitive approach that keeps you in control. Discover Vanguard Super Adviser solutionsWe help financial advisers

Super Adviser solutionsWe help financial advisers to provide high-quality investment solutions, connect more deeply with their clients, and enhance the value of their advice. Create low-cost, diversified portfolios that suit a range of client needs. Bring your advice to life with

suit a range of client needs. Bring your advice to life with Vanguard’s leading digital tools. Enhance clients' financial literacy and stay up to date with the latest insights. View our adviser solutions 2022 | CanstarProvider of the Year - Exchange Traded FundsAwarded 2020-2022Our

of the Year - Exchange Traded FundsAwarded 2020-2022Our achievementsIt’s heartening to see the work that we do for our investors recognised year after year.Our commitment to excellence and expertise in the investment industry has earned us more than 40 awards over the last decade.   See how

earned us more than 40 awards over the last decade.   See how we’re recognised in the industry Explore moreInvestment stewardshipDiscover how we serve as a voice for our investors and promote long-term value creation at the companies in which our funds invest. Learn about our program Vanguard

in which our funds invest. Learn about our program Vanguard Media CentreGet the latest Vanguard news, meet our spokespeople, or contact our public relations team. Visit our Media Centre CareersBe a part of a culture that promotes teamwork, integrity and doing the right thing for our customers

integrity and doing the right thing for our customers and our crew. Find a career opportunity Vanguard logoConnect with usVanguard Australia FacebookVanguard Australia YoutubeVanguard Australia TwitterVanguard Australia LinkedInGENERAL ADVICE WARNINGVanguard Investments Australia

ADVICE WARNINGVanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee and product issuer of Vanguard Super (ABN

is the trustee and product issuer of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted with VIA to provide some services for Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively,

subsidiaries of The Vanguard Group, Inc (collectively, “Vanguard”). We have not taken your or your clients' objectives, financial situation or needs into account when preparing our website content so it may not be applicable to the particular situation you are considering. You should

the particular situation you are considering. You should consider your objectives, financial situation or needs, and the disclosure documents for the product before making any investment decision. Before you make any financial decision regarding the product, you should seek professional

regarding the product, you should seek professional advice from a suitably qualified adviser. A copy of the Target Market Determinations (TMD) for Vanguard's financial products can be obtained on our website free of charge, which includes a description of who the financial product is

includes a description of who the financial product is appropriate for. You should refer to the TMD of the product before making any investment decisions. You can access our Investor Directed Portfolio Service (IDPS) Guide, Product Disclosure Statements (PDS), Prospectus and TMD at

Disclosure Statements (PDS), Prospectus and TMD at vanguard.com.au and Vanguard Super SaveSmart and TMD at vanguard.com.au/super or by calling 1300 655 101. Past performance information is given for illustrative purposes only and should not be relied upon as, and is not, an indication of

and should not be relied upon as, and is not, an indication of future performance. This website was prepared in good faith and we accept no liability for any errors or omissions. Important Legal Notice - Offer not to persons outside Australia. The PDS, IDPS Guide or Prospectus does not constitute an

The PDS, IDPS Guide or Prospectus does not constitute an offer or invitation in any jurisdiction other than in Australia. Applications from outside Australia will not be accepted. For the avoidance of doubt, these products are not intended to be sold to US Persons as defined under Regulation S of

to be sold to US Persons as defined under Regulation S of the US federal securities laws. ©2022 Vanguard Investments Australia Ltd. All rights reserved. Terms and conditions | Disclaimers | Privacy policy | Whistleblower policy | Accessibility | Security |Vanguard and its employees wish to

| Security |Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging.. d.com.au

to their Elders past, present and emerging.. d.com.au choose your super insurance through super.    Vanguard Corporate Home | Vanguard Australia  You need to enable JavaScript to run this app Skip to main contentVanguard Australia Vanguard Australia , selected Investments Superannuation

Australia , selected Investments Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Log in Vanguard logo Investments Superannuation Adviser solutions Vanguard logoLog in Investments Superannuation Adviser solutions You Are

in Investments Superannuation Adviser solutions You Are ViewingVanguard Australia These are your moments. Invest them wisely. We’re here to help your money go further, so you can make more of life’s most valuable resource – time.Why Vanguard?We’re one of the world's largest investment

Vanguard?We’re one of the world's largest investment management companies, offering a wide range of investment options, superannuation, and valuable insights to everyday investors and financial advisers.Join 30 million investors worldwide We're proud to be a trusted partner of over 30

worldwide We're proud to be a trusted partner of over 30 million investors on the journey towards financial freedom, managing over A$10 trillion of assets. 45+ years of global investment experience We've put investors first ever since the Vanguard Group started in 1975. And we've been helping

the Vanguard Group started in 1975. And we've been helping Australian investors achieve long-term financial success for more than 25 years. What we offerOur mission is to take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.InvestmentsWe

the best chance for investment success.InvestmentsWe have a suite of award winning low-cost managed funds and ASX-listed exchange traded funds (ETFs) designed to make investing easy. You can invest in our funds directly online by opening a Vanguard Personal Investor Account. The Vanguard

a Vanguard Personal Investor Account. The Vanguard Personal Investor platform has a range of different account types including individuals, joint, SMSF, company and trusts, with low investment minimums starting from just $200 using Auto Invest. Alternatively, you can invest with Vanguard

Auto Invest. Alternatively, you can invest with Vanguard through a licensed financial adviser or buy Vanguard ETFs online via other stockbroking platforms. Learn more about Vanguard Investments SuperannuationBacked by Vanguard’s 45+ years of global investment expertise, Vanguard Super

45+ years of global investment expertise, Vanguard Super offers Australians a simpler, smarter option when it comes to their financial future. Enjoy expertly designed products and low cost philosophy that works hard for you. Choose from flexible investment options to suit every type of

from flexible investment options to suit every type of investor. Experience a simple and intuitive approach that keeps you in control. Discover Vanguard Super Adviser solutionsWe help financial advisers to provide high-quality investment solutions, connect more deeply with their clients,

solutions, connect more deeply with their clients, and enhance the value of their advice. Create low-cost, diversified portfolios that suit a range of client needs. Bring your advice to life with Vanguard’s leading digital tools. Enhance clients' financial literacy and stay up to date with the

clients' financial literacy and stay up to date with the latest insights. View our adviser solutions 2022 | CanstarProvider of the Year - Exchange Traded FundsAwarded 2020-2022Our achievementsIt’s heartening to see the work that we do for our investors recognised year after year.Our

that we do for our investors recognised year after year.Our commitment to excellence and expertise in the investment industry has earned us more than 40 awards over the last decade.   See how we’re recognised in the industry Explore moreInvestment stewardshipDiscover how we serve as a voice for

stewardshipDiscover how we serve as a voice for our investors and promote long-term value creation at the companies in which our funds invest. Learn about our program Vanguard Media CentreGet the latest Vanguard news, meet our spokespeople, or contact our public relations team. Visit our Media

or contact our public relations team. Visit our Media Centre CareersBe a part of a culture that promotes teamwork, integrity and doing the right thing for our customers and our crew. Find a career opportunity Vanguard logoConnect with usVanguard Australia FacebookVanguard Australia

with usVanguard Australia FacebookVanguard Australia YoutubeVanguard Australia TwitterVanguard Australia LinkedInGENERAL ADVICE WARNINGVanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal Investor.

issuer and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee and product issuer of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted with VIA to provide some services for Vanguard Super. Any general

to provide some services for Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively, “Vanguard”). We have not taken your or your clients' objectives, financial situation or needs into account when

financial situation or needs into account when preparing our website content so it may not be applicable to the particular situation you are considering. You should consider your objectives, financial situation or needs, and the disclosure documents for the product before making any

the disclosure documents for the product before making any investment decision. Before you make any financial decision regarding the product, you should seek professional advice from a suitably qualified adviser. A copy of the Target Market Determinations (TMD) for Vanguard's financial

Market Determinations (TMD) for Vanguard's financial products can be obtained on our website free of charge, which includes a description of who the financial product is appropriate for. You should refer to the TMD of the product before making any investment decisions. You can access our

before making any investment decisions. You can access our Investor Directed Portfolio Service (IDPS) Guide, Product Disclosure Statements (PDS), Prospectus and TMD at vanguard.com.au and Vanguard Super SaveSmart and TMD at vanguard.com.au/super or by calling 1300 655 101. Past

at vanguard.com.au/super or by calling 1300 655 101. Past performance information is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. This website was prepared in good faith and we accept no liability for any errors or

in good faith and we accept no liability for any errors or omissions. Important Legal Notice - Offer not to persons outside Australia. The PDS, IDPS Guide or Prospectus does not constitute an offer or invitation in any jurisdiction other than in Australia. Applications from outside Australia

than in Australia. Applications from outside Australia will not be accepted. For the avoidance of doubt, these products are not intended to be sold to US Persons as defined under Regulation S of the US federal securities laws. ©2022 Vanguard Investments Australia Ltd. All rights reserved. Terms

Investments Australia Ltd. All rights reserved. Terms and conditions | Disclaimers | Privacy policy | Whistleblower policy | Accessibility | Security |Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business.

throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging.. d.com.au choose your super investment options.    Vanguard Corporate Home | Vanguard Australia  You need to

Vanguard Corporate Home | Vanguard Australia  You need to enable JavaScript to run this app Skip to main contentVanguard Australia Vanguard Australia , selected Investments Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Log in

Media centre Careers Vanguard Global sites Log in Vanguard logo Investments Superannuation Adviser solutions Vanguard logoLog in Investments Superannuation Adviser solutions You Are ViewingVanguard Australia These are your moments. Invest them wisely. We’re here to help your money go

Invest them wisely. We’re here to help your money go further, so you can make more of life’s most valuable resource – time.Why Vanguard?We’re one of the world's largest investment management companies, offering a wide range of investment options, superannuation, and valuable insights to

options, superannuation, and valuable insights to everyday investors and financial advisers.Join 30 million investors worldwide We're proud to be a trusted partner of over 30 million investors on the journey towards financial freedom, managing over A$10 trillion of assets. 45+ years of

managing over A$10 trillion of assets. 45+ years of global investment experience We've put investors first ever since the Vanguard Group started in 1975. And we've been helping Australian investors achieve long-term financial success for more than 25 years. What we offerOur mission is to take a

for more than 25 years. What we offerOur mission is to take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.InvestmentsWe have a suite of award winning low-cost managed funds and ASX-listed exchange traded funds (ETFs) designed to make

ASX-listed exchange traded funds (ETFs) designed to make investing easy. You can invest in our funds directly online by opening a Vanguard Personal Investor Account. The Vanguard Personal Investor platform has a range of different account types including individuals, joint, SMSF, company

types including individuals, joint, SMSF, company and trusts, with low investment minimums starting from just $200 using Auto Invest. Alternatively, you can invest with Vanguard through a licensed financial adviser or buy Vanguard ETFs online via other stockbroking platforms. Learn more

ETFs online via other stockbroking platforms. Learn more about Vanguard Investments SuperannuationBacked by Vanguard’s 45+ years of global investment expertise, Vanguard Super offers Australians a simpler, smarter option when it comes to their financial future. Enjoy expertly designed

comes to their financial future. Enjoy expertly designed products and low cost philosophy that works hard for you. Choose from flexible investment options to suit every type of investor. Experience a simple and intuitive approach that keeps you in control. Discover Vanguard Super Adviser

that keeps you in control. Discover Vanguard Super Adviser solutionsWe help financial advisers to provide high-quality investment solutions, connect more deeply with their clients, and enhance the value of their advice. Create low-cost, diversified portfolios that suit a range of client

diversified portfolios that suit a range of client needs. Bring your advice to life with Vanguard’s leading digital tools. Enhance clients' financial literacy and stay up to date with the latest insights. View our adviser solutions 2022 | CanstarProvider of the Year - Exchange Traded

2022 | CanstarProvider of the Year - Exchange Traded FundsAwarded 2020-2022Our achievementsIt’s heartening to see the work that we do for our investors recognised year after year.Our commitment to excellence and expertise in the investment industry has earned us more than 40 awards over the

industry has earned us more than 40 awards over the last decade.   See how we’re recognised in the industry Explore moreInvestment stewardshipDiscover how we serve as a voice for our investors and promote long-term value creation at the companies in which our funds invest. Learn about our

at the companies in which our funds invest. Learn about our program Vanguard Media CentreGet the latest Vanguard news, meet our spokespeople, or contact our public relations team. Visit our Media Centre CareersBe a part of a culture that promotes teamwork, integrity and doing the right thing for

promotes teamwork, integrity and doing the right thing for our customers and our crew. Find a career opportunity Vanguard logoConnect with usVanguard Australia FacebookVanguard Australia YoutubeVanguard Australia TwitterVanguard Australia LinkedInGENERAL ADVICE WARNINGVanguard

Australia LinkedInGENERAL ADVICE WARNINGVanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee and product

Licence 526270) (the Trustee) is the trustee and product issuer of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted with VIA to provide some services for Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard

and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively, “Vanguard”). We have not taken your or your clients' objectives, financial situation or needs into account when preparing our website content so it may not be applicable to the particular situation you are

it may not be applicable to the particular situation you are considering. You should consider your objectives, financial situation or needs, and the disclosure documents for the product before making any investment decision. Before you make any financial decision regarding the product, you

you make any financial decision regarding the product, you should seek professional advice from a suitably qualified adviser. A copy of the Target Market Determinations (TMD) for Vanguard's financial products can be obtained on our website free of charge, which includes a description of who

website free of charge, which includes a description of who the financial product is appropriate for. You should refer to the TMD of the product before making any investment decisions. You can access our Investor Directed Portfolio Service (IDPS) Guide, Product Disclosure Statements (PDS),

(IDPS) Guide, Product Disclosure Statements (PDS), Prospectus and TMD at vanguard.com.au and Vanguard Super SaveSmart and TMD at vanguard.com.au/super or by calling 1300 655 101. Past performance information is given for illustrative purposes only and should not be relied upon as, and is

purposes only and should not be relied upon as, and is not, an indication of future performance. This website was prepared in good faith and we accept no liability for any errors or omissions. Important Legal Notice - Offer not to persons outside Australia. The PDS, IDPS Guide or Prospectus does not

Australia. The PDS, IDPS Guide or Prospectus does not constitute an offer or invitation in any jurisdiction other than in Australia. Applications from outside Australia will not be accepted. For the avoidance of doubt, these products are not intended to be sold to US Persons as defined under

are not intended to be sold to US Persons as defined under Regulation S of the US federal securities laws. ©2022 Vanguard Investments Australia Ltd. All rights reserved. Terms and conditions | Disclaimers | Privacy policy | Whistleblower policy | Accessibility | Security |Vanguard and its

policy | Accessibility | Security |Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present

and wish to pay our respects to their Elders past, present and emerging.. d.com.au choose your super lifecycle.    Vanguard Corporate Home | Vanguard Australia  You need to enable JavaScript to run this app Skip to main contentVanguard Australia Vanguard Australia , selected Investments

Australia Vanguard Australia , selected Investments Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Log in Vanguard logo Investments Superannuation Adviser solutions Vanguard logoLog in Investments Superannuation Adviser

Vanguard logoLog in Investments Superannuation Adviser solutions You Are ViewingVanguard Australia These are your moments. Invest them wisely. We’re here to help your money go further, so you can make more of life’s most valuable resource – time.Why Vanguard?We’re one of the world's largest

– time.Why Vanguard?We’re one of the world's largest investment management companies, offering a wide range of investment options, superannuation, and valuable insights to everyday investors and financial advisers.Join 30 million investors worldwide We're proud to be a trusted partner of

investors worldwide We're proud to be a trusted partner of over 30 million investors on the journey towards financial freedom, managing over A$10 trillion of assets. 45+ years of global investment experience We've put investors first ever since the Vanguard Group started in 1975. And we've been

since the Vanguard Group started in 1975. And we've been helping Australian investors achieve long-term financial success for more than 25 years. What we offerOur mission is to take a stand for all investors, to treat them fairly, and to give them the best chance for investment

them fairly, and to give them the best chance for investment success.InvestmentsWe have a suite of award winning low-cost managed funds and ASX-listed exchange traded funds (ETFs) designed to make investing easy. You can invest in our funds directly online by opening a Vanguard Personal

in our funds directly online by opening a Vanguard Personal Investor Account. The Vanguard Personal Investor platform has a range of different account types including individuals, joint, SMSF, company and trusts, with low investment minimums starting from just $200 using Auto Invest.

minimums starting from just $200 using Auto Invest. Alternatively, you can invest with Vanguard through a licensed financial adviser or buy Vanguard ETFs online via other stockbroking platforms. Learn more about Vanguard Investments SuperannuationBacked by Vanguard’s 45+ years of global

SuperannuationBacked by Vanguard’s 45+ years of global investment expertise, Vanguard Super offers Australians a simpler, smarter option when it comes to their financial future. Enjoy expertly designed products and low cost philosophy that works hard for you. Choose from flexible

philosophy that works hard for you. Choose from flexible investment options to suit every type of investor. Experience a simple and intuitive approach that keeps you in control. Discover Vanguard Super Adviser solutionsWe help financial advisers to provide high-quality investment

financial advisers to provide high-quality investment solutions, connect more deeply with their clients, and enhance the value of their advice. Create low-cost, diversified portfolios that suit a range of client needs. Bring your advice to life with Vanguard’s leading digital tools.

wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging.. d.com.au choose your super single sector.

and emerging.. d.com.au choose your super single sector.    Vanguard Corporate Home | Vanguard Australia  You need to enable JavaScript to run this app Skip to main contentVanguard Australia Vanguard Australia , selected Investments Superannuation Financial advisers Institutional investors

Financial advisers Institutional investors Media centre Careers Vanguard Global sites Log in Vanguard logo Investments Superannuation Adviser solutions Vanguard logoLog in Investments Superannuation Adviser solutions You Are ViewingVanguard Australia These are your moments. Invest

ViewingVanguard Australia These are your moments. Invest them wisely. We’re here to help your money go further, so you can make more of life’s most valuable resource – time.Why Vanguard?We’re one of the world's largest investment management companies, offering a wide range of investment

management companies, offering a wide range of investment options, superannuation, and valuable insights to everyday investors and financial advisers.Join 30 million investors worldwide We're proud to be a trusted partner of over 30 million investors on the journey towards financial

over 30 million investors on the journey towards financial freedom, managing over A$10 trillion of assets. 45+ years of global investment experience We've put investors first ever since the Vanguard Group started in 1975. And we've been helping Australian investors achieve long-term

been helping Australian investors achieve long-term financial success for more than 25 years. What we offerOur mission is to take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.InvestmentsWe have a suite of award winning low-cost managed

have a suite of award winning low-cost managed funds and ASX-listed exchange traded funds (ETFs) designed to make investing easy. You can invest in our funds directly online by opening a Vanguard Personal Investor Account. The Vanguard Personal Investor platform has a range of different

Personal Investor platform has a range of different account types including individuals, joint, SMSF, company and trusts, with low investment minimums starting from just $200 using Auto Invest. Alternatively, you can invest with Vanguard through a licensed financial adviser or buy Vanguard

through a licensed financial adviser or buy Vanguard ETFs online via other stockbroking platforms. Learn more about Vanguard Investments SuperannuationBacked by Vanguard’s 45+ years of global investment expertise, Vanguard Super offers Australians a simpler, smarter option when it comes

offers Australians a simpler, smarter option when it comes to their financial future. Enjoy expertly designed products and low cost philosophy that works hard for you. Choose from flexible investment options to suit every type of investor. Experience a simple and intuitive approach that keeps

Experience a simple and intuitive approach that keeps you in control. Discover Vanguard Super Adviser solutionsWe help financial advisers to provide high-quality investment solutions, connect more deeply with their clients, and enhance the value of their advice. Create low-cost,

and enhance the value of their advice. Create low-cost, diversified portfolios that suit a range of client needs. Bring your advice to life with Vanguard’s leading digital tools. Enhance clients' financial literacy and stay up to date with the latest insights. View our adviser solutions 2022 |

with the latest insights. View our adviser solutions 2022 | CanstarProvider of the Year - Exchange Traded FundsAwarded 2020-2022Our achievementsIt’s heartening to see the work that we do for our investors recognised year after year.Our commitment to excellence and expertise in the

year.Our commitment to excellence and expertise in the investment industry has earned us more than 40 awards over the last decade.   See how we’re recognised in the industry Explore moreInvestment stewardshipDiscover how we serve as a voice for our investors and promote long-term value

as a voice for our investors and promote long-term value creation at the companies in which our funds invest. Learn about our program Vanguard Media CentreGet the latest Vanguard news, meet our spokespeople, or contact our public relations team. Visit our Media Centre CareersBe a part of a

business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging.. d.com.au corporate.    Vanguard Corporate Home | Vanguard Australia  You need to enable JavaScript to run this app Skip to main contentVanguard Australia

wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging.. d.com.au corporate .    Vanguard Corporate Home |

emerging.. d.com.au corporate .    Vanguard Corporate Home | Vanguard Australia  You need to enable JavaScript to run this app Skip to main contentVanguard Australia Vanguard Australia , selected Investments Superannuation Financial advisers Institutional investors Media centre Careers

advisers Institutional investors Media centre Careers Vanguard Global sites Log in Vanguard logo Investments Superannuation Adviser solutions Vanguard logoLog in Investments Superannuation Adviser solutions You Are ViewingVanguard Australia These are your moments. Invest them

Australia These are your moments. Invest them wisely. We’re here to help your money go further, so you can make more of life’s most valuable resource – time.Why Vanguard?We’re one of the world's largest investment management companies, offering a wide range of investment options,

companies, offering a wide range of investment options, superannuation, and valuable insights to everyday investors and financial advisers.Join 30 million investors worldwide We're proud to be a trusted partner of over 30 million investors on the journey towards financial freedom,

investors on the journey towards financial freedom, managing over A$10 trillion of assets. 45+ years of global investment experience We've put investors first ever since the Vanguard Group started in 1975. And we've been helping Australian investors achieve long-term financial success for

investors achieve long-term financial success for more than 25 years. What we offerOur mission is to take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.InvestmentsWe have a suite of award winning low-cost managed funds and ASX-listed

of award winning low-cost managed funds and ASX-listed exchange traded funds (ETFs) designed to make investing easy. You can invest in our funds directly online by opening a Vanguard Personal Investor Account. The Vanguard Personal Investor platform has a range of different account types

Investor platform has a range of different account types including individuals, joint, SMSF, company and trusts, with low investment minimums starting from just $200 using Auto Invest. Alternatively, you can invest with Vanguard through a licensed financial adviser or buy Vanguard ETFs

business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging.. d.com.au help contact us.    Vanguard Corporate Home | Vanguard Australia  You need to enable JavaScript to run this app Skip to main contentVanguard

JavaScript to run this app Skip to main contentVanguard Australia Vanguard Australia , selected Investments Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Log in Vanguard logo Investments Superannuation Adviser solutions Vanguard

Investments Superannuation Adviser solutions Vanguard logoLog in Investments Superannuation Adviser solutions You Are ViewingVanguard Australia These are your moments. Invest them wisely. We’re here to help your money go further, so you can make more of life’s most valuable resource –

so you can make more of life’s most valuable resource – time.Why Vanguard?We’re one of the world's largest investment management companies, offering a wide range of investment options, superannuation, and valuable insights to everyday investors and financial advisers.Join 30 million

investors and financial advisers.Join 30 million investors worldwide We're proud to be a trusted partner of over 30 million investors on the journey towards financial freedom, managing over A$10 trillion of assets. 45+ years of global investment experience We've put investors first ever

investment experience We've put investors first ever since the Vanguard Group started in 1975. And we've been helping Australian investors achieve long-term financial success for more than 25 years. What we offerOur mission is to take a stand for all investors, to treat them fairly, and to give

a stand for all investors, to treat them fairly, and to give them the best chance for investment success.InvestmentsWe have a suite of award winning low-cost managed funds and ASX-listed exchange traded funds (ETFs) designed to make investing easy. You can invest in our funds directly online by

easy. You can invest in our funds directly online by opening a Vanguard Personal Investor Account. The Vanguard Personal Investor platform has a range of different account types including individuals, joint, SMSF, company and trusts, with low investment minimums starting from just $200 using

with low investment minimums starting from just $200 using Auto Invest. Alternatively, you can invest with Vanguard through a licensed financial adviser or buy Vanguard ETFs online via other stockbroking platforms. Learn more about Vanguard Investments SuperannuationBacked by Vanguard’s

wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging.. d.com.au institutional en aboutvanguard about

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advisersInstitutional investorsVanguard Global sitesResearch and commentaryOur topicsFeaturedMarkets and economyPortfolio constructionCoronavirus and market updatesFeaturedMarkets and economyPortfolio constructionCoronavirus and market updatesHear directly from Vanguard

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Economist Andrew Patterson explains how we’ll assess inflation data in 2023.17 Jan 2023Markets and economyBeating back inflation, but at what cost?In this short video, Vanguard’s global chief economist, Joe Davis, discusses what’s ahead for the economy in 2023.19 Dec 2022Markets and

what’s ahead for the economy in 2023.19 Dec 2022Markets and economyVanguard economic and market outlook for 2023: Beating back inflationOur base case for 2023 includes a global recession brought about by policymakers’ efforts to control inflation.16 Dec 2022read time10 min readMarkets and

inflation.16 Dec 2022read time10 min readMarkets and economy2023 economy and markets: 4 things to knowVanguard is preparing to release its 2023 economic and market outlook. This sneak peek includes insights on inflation, the energy crisis in Europe, long-term structural challenges faced by

in Europe, long-term structural challenges faced by China, and a more positive outlook on the long-term investment environment.08 Dec 2022read time10 minSpotlight articlesPortfolio constructionStrategic asset allocation will outlive this market27 Jun 2022read time2 minPortfolio

outlive this market27 Jun 2022read time2 minPortfolio constructionThe Case for Low-Cost Index-Fund Investing09 Jun 2022Portfolio constructionOur approach to climate risk06 May 2022read time7 min readPortfolio constructionWhat can new retirees withdraw from a portfolio? A scenario

can new retirees withdraw from a portfolio? A scenario analysis28 Apr 2022Markets and economyHow Vanguard approaches climate riskClimate change, and the ongoing global response, will have far-reaching economic consequences for companies, financial markets and investors, presenting a

companies, financial markets and investors, presenting a material and multifaceted financial risk. Vanguard continues to take steps to understand and attend to this risk to investors’ returns.06 Dec 2022read time3 minMarkets and economyVanguard economic and market outlook for 2023:

and economyVanguard economic and market outlook for 2023: Global summaryWhether a recession is likely and what it might entail are questions on many investors’ minds. Here’s what Vanguard economists are expecting for next year.24 Nov 2022read time9 minMarkets and economyThe strong dollar:

2022read time9 minMarkets and economyThe strong dollar: Why and how long?In a short video, Vanguard’s chief economist for the Americas looks at key factors behind the U.S. dollar’s recent appreciation against other currencies.21 Nov 2022Markets and economyVanguard economic and market

Nov 2022Markets and economyVanguard economic and market update - Oct 2022Read Vanguard Investment Strategy Group’s monthly global economic and market update.21 Nov 2022read time9 minMarkets and economyActive Fixed Income Perspectives Q4 2022: Bonds look betterRead Vanguard's latest

Q4 2022: Bonds look betterRead Vanguard's latest sector-by-sector analysis of global fixed income markets and a summary of how those views affect the Vanguard active bond funds.10 Nov 2022read time10 min readMarkets and economyRapid interest rate rises reveal global market

and economyRapid interest rate rises reveal global market frailtiesQuickly rising global interest rates increase the chance of market dislocations. Markets seek certainty that policymakers can lead the economy to a comfortable place.23 Oct 2022read time5 min readMarkets and

corporates coming off tight spread levels has created pockets of value for investors08 Sep 2022read time3 min readLoad moreHear directly from Vanguard leaders on topics you care aboutVanguard Voices™Scroll to topVanguard and its employees wish to acknowledge the Traditional Custodians of

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and market updatesFeaturedMarkets and economyPortfolio constructionCoronavirus and market updatesHear directly from Vanguard leaders on topics you care aboutVanguard Voices™Portfolio constructionPortfolio constructionWhy strategic asset allocation winsAsset classes perform

strategic asset allocation winsAsset classes perform differently over time. Spreading investments across a range of growth and defensive asset classes is essential to the construction of high-quality, diversified portfolios.27 Oct 2022read time5 minPortfolio constructionStrategic

Oct 2022read time5 minPortfolio constructionStrategic asset allocation will outlive this marketWith stocks and bonds well into negative territory, it's tempting to call the traditional balanced portfolio dead. But we've been here before, says Roger Aliaga-Diaz, chief economist for the

before, says Roger Aliaga-Diaz, chief economist for the Americas and head of portfolio construction in Vanguard Investment Strategy Group.27 Jun 2022read time2 minPortfolio constructionFreshness article: Filling the retirement income gapSome early retirees will not have enough to last

research paper examines the factors that help make a compelling case for index investing.09 Jun 2022Spotlight articlesMarkets and economyAbove-target inflation likely through 202317 Jan 2023Markets and economyBeating back inflation, but at what cost?19 Dec 2022Markets and

back inflation, but at what cost?19 Dec 2022Markets and economyVanguard economic and market outlook for 2023: Beating back inflation16 Dec 2022read time10 min readMarkets and economy2023 economy and markets: 4 things to know08 Dec 2022read time10 minPortfolio constructionOur approach to

time10 minPortfolio constructionOur approach to climate riskIn this second of two Q&As, John Galloway discusses Vanguard's views on climate change and the role that effective stewardship will play throughout the energy transition to mitigate the financial threat to long-term investors.06

mitigate the financial threat to long-term investors.06 May 2022read time7 min readPortfolio constructionWhat can new retirees withdraw from a portfolio? A scenario analysisWhat can new retirees withdraw from a portfolio? Vanguard research looks into sustainable withdrawal rates.28 Apr

research looks into sustainable withdrawal rates.28 Apr 2022Portfolio constructionUsing passive for activeLearn how passive investing is being used to build portfolios with active exposures.11 Apr 2022read time5 min readPortfolio constructionTopics and trends that shaped global

constructionTopics and trends that shaped global governance in 2021Vanguard's investment stewardship efforts in 2021 include global advocacy, engagement, and voting activities06 Apr 2022read time2 min readPortfolio constructionPart 2: Aligning portfolios with ESG values in Australia

2: Aligning portfolios with ESG values in Australia - an industry viewThis second blog post from our ESG index provider FTSE Russell, discusses how their exclusionary ESG indexes allow you to transparently align portfolios with ESG values.05 Apr 2022read time5 minPortfolio constructionA new

Apr 2022read time5 minPortfolio constructionA new form of active?New Vanguard research explores how investors are increasingly using passive funds to build active portfolios.05 Apr 2022read time4 min readPortfolio constructionA voice for long-term shareholder valueIn this first of two

voice for long-term shareholder valueIn this first of two Q&As, John Galloway, global head of Vanguard's Investment Stewardship team, discusses corporate governance practices and how Vanguard addresses ESG risks that can affect long-term shareholder value in its equity funds.21 Mar

long-term shareholder value in its equity funds.21 Mar 2022read time6 min readPortfolio constructionPart 1: Aligning portfolios with ESG values in AustraliaThis blog post from our ESG index provider FTSE Russell discusses how their exclusionary ESG indexes allow you to transparently align

exclusionary ESG indexes allow you to transparently align portfolios with ESG values.21 Mar 2022read time8 min readPortfolio constructionInvesting in your valuesInvestors seeking to achieve their investment goals while considering the impact of their money have more choices than ever.

the impact of their money have more choices than ever. Understanding the different methods used to implement ESG investment strategies is a good first step for investors to help clarify the confusion.10 Feb 2022read time3 minPortfolio constructionAn enduring solution to low yieldsAn

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some simple steps to develop new investing habits. Read more 2022 | CanstarProvider of the Year - Exchange Traded FundsAwarded 2020-2022Investing in your successWe’ve been recognised year after year as one of Australia’s leading investment companies.Our commitment to excellence and

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Terms and conditions | Disclaimers | Privacy policy | Whistleblower policy | Accessibility | Security | Modern Slavery Statement |Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their

where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us diversity and inclusion.   Diversity & Inclusion | Vanguard Australia Personal Investor  You need to

| Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in

centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsDiversity and inclusionIntegrity, focus and stewardship: how we live our core

focus and stewardship: how we live our core valuesA sense of belonging for all At Vanguard, we hold ourselves to the highest standards of ethical behaviour and stewardship. We employ a talented, diligent and diverse crew to ensure that we serve our core purpose of taking a stand for all investors,

serve our core purpose of taking a stand for all investors, to treat them fairly and to give them the best chance for investment success.  At Vanguard, we stand for inclusion, cultivating difference and equality. These core values are lived at the level of our crew, clients and the communities we

at the level of our crew, clients and the communities we serve worldwide. We’re committed to providing a trusting, supportive environment where everyone feels connected, appreciated and heard. This includes destigmatising the topic of mental health, through ensuring we have appropriate

of mental health, through ensuring we have appropriate support options for crew and training for leaders to manage team well-being.  Vanguard encourages whole-of-business conversations on mental health supported by experts in the field. At Vanguard we try to attract and retain the best

the field. At Vanguard we try to attract and retain the best talent and give our people a ‘fair go’. The achievement of a work environment where diversity and inclusion is valued and difference is cultivated is not only the right thing to do but it also amplifies our ability to collaborate, innovate

but it also amplifies our ability to collaborate, innovate and deliver an excellent client experience. Learn more about our approach to diversity, equity and inclusion This includes: Flexible workingAll roles have the options to work flexibly ensuring we are creating a work environment where

flexibly ensuring we are creating a work environment where all crew members can work productively and be more strongly engaged with their work while reducing work/life conflict.Promotion, recruitment and selectionWe seek to ensure that the candidate pool for roles advertised internally and

the candidate pool for roles advertised internally and externally are diverse, with representation from all genders.RewardsWe recognise the importance of fair reward in attracting and retaining crew members and promoting engagement. We’re committed to gender pay equity and demonstrates

We’re committed to gender pay equity and demonstrates this commitment with annual analysis and monitoring of pay.Engagement and retentionA highly engaged crew is at the core of our flywheel. There are a number of ongoing programs that support engagement efforts. These include our benefits

support engagement efforts. These include our benefits program that provides benefits to all crew members at all stages of life, including those with caring responsibilities. Our Flexible Working and Home Working Policy and practices support crew members in balancing their work and life

support crew members in balancing their work and life priorities and reduce barriers to inclusion.Career development and performanceOur career development programs ensure that our crew feel empowered and supported to achieve their career goals. Our talent management programs seek to

their career goals. Our talent management programs seek to ensure that crew of all genders are represented within training programs, specialty development programs and succession plans.Gender equality We’re committed to promoting gender equality and ensuring that all crew members can

gender equality and ensuring that all crew members can access and enjoy the same opportunities, rewards and recognition irrespective of gender. We demonstrate this commitment throughout the employment lifecycle by ensuring that our practices and processes are designed to promote inclusion

practices and processes are designed to promote inclusion and equal opportunity, and to remove barriers and bias. Working towards gender equality is one way that we put our core values of integrity, focus and stewardship into action. It is in our client’s best interests that we attract and retain

is in our client’s best interests that we attract and retain the best talent to Vanguard and give our people a ‘fair go’ so that we can deliver the best outcomes to our investors. Vanguard also reports annually to the Australian Workplace Gender Equality Agency (WGEA). Accessibility We’re

Gender Equality Agency (WGEA). Accessibility We’re committed to ensuring Vanguard information and functionality is accessible to all people regardless of visual, auditory, motor and cognitive abilities. We do this by: Raising accessibility awareness Educating crew Documenting best

accessibility awareness Educating crew Documenting best practices Advocating for process improvements Championing and validating the implementation of accessibility guidelines Culture We all have a role in creating an inclusive environment where everyone feels connected, appreciated

environment where everyone feels connected, appreciated and heard. Vanguard leaders and crew recognise it is the actions we take with one another every day that create this environment where crew members feel valued and safe from discrimination.  We are committed to creating this inclusive

We are committed to creating this inclusive culture by supporting the diverse strengths, backgrounds, experiences, and identities that our crew and clients bring to the organisation. We believe that our crew feel valued and form stronger connections when we: Seek to understand and learn about

connections when we: Seek to understand and learn about one another through genuine dialogue Respect differing viewpoints and experiences Listen to others in a way that leaves them feeling heard and respected Express empathy for the challenges faced and experiences of others Are curious and

challenges faced and experiences of others Are curious and entertain new ways of thinking so that we can learn from others and grow personally and professionally Celebrate the many dimensions of diversity that all crew members bring to the workplace Celebrating and supporting our individual

the workplace Celebrating and supporting our individual identitiesAt Vanguard, we have several Employee Resource Groups that are voluntary, employee-led groups that foster a diverse, inclusive workplace aligned with Vanguard’s mission, values, goals towards fostering a diverse and

mission, values, goals towards fostering a diverse and inclusive environment.Women’s Initiative for Leadership Success (WILS)The Women's Initiative for Leadership Success (WILS) was established to support Vanguard's efforts of increasing the representation of women in leadership

of increasing the representation of women in leadership positions at Vanguard. Through professional leadership development opportunities and events, WILS is committed to inspiring and preparing women for leadership positions at Vanguard.Out Professional Engagement Network (OPEN)We

Vanguard.Out Professional Engagement Network (OPEN)We believe supporting our Lesbian, Gay, Bisexual, Transgender, Intersex and Queer (LGBTIQ+) crew and community is part of building an inclusive culture. OPEN works within Vanguard to create a safe and inclusive environment for our

Vanguard to create a safe and inclusive environment for our LGBTIQ+ crew so they feel comfortable bringing their whole selves to work and thrive in their Vanguard careers.Leadership & Engagement for Asian Professionals (LEAP)LEAP is committed to creating an inclusive environment where crew

committed to creating an inclusive environment where crew of Asian heritage are supported and empowered to fully contribute to their best capability and leadership potential.Hispanic/Latinx Organisation (HOLA)HOLA is committed to building and sustaining an inclusive community that

to building and sustaining an inclusive community that welcomes all individuals and supports the attraction, engagement, and growth of Hispanic/Latinx crew while also celebrating the diverse cultures within the Hispanic/Latinx community.Vanguard Black Professional Network (VBPN)Our

Black Professional Network (VBPN)Our global VBPN is dedicated to promoting an inclusive environment for black crew to thrive in their Vanguard careers. We are committed to our mission of increasing engagement of black crew members and supporting the increased representation of black crew in

supporting the increased representation of black crew in leadership positions.Reconciliation Action Plan (RAP)We’re currently working with Reconciliation Australia on a Reconciliation Action Plan that outlines Vanguard Australia’s commitment of supporting and contributing to

Australia’s commitment of supporting and contributing to developing respectful relationships and creating meaningful opportunities with Aboriginal and Torres Strait Islander peoples.More about VanguardOur history How we're different Our team Our awards Our principles Diversity and

different Our team Our awards Our principles Diversity and inclusion Our ESG approach Investment stewardship Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard

takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles Diversity & inclusion Our ESG approach Investment stewardship Invest with us About our platform

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Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee and product issuer of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted with VIA to provide some services for Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly

is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively, “Vanguard”).We have not taken your or your clients' objectives, financial situation or needs into account when preparing our website content so it may not be applicable to the

our website content so it may not be applicable to the particular situation you are considering. You should consider your objectives, financial situation or needs, and the disclosure documents for the product before making any investment decision. Before you make any financial decision

decision. Before you make any financial decision regarding the product, you should seek professional advice from a suitably qualified adviser. A copy of the Target Market Determinations (TMD) for Vanguard's financial products can be obtained on our website free of charge, which includes a

be obtained on our website free of charge, which includes a description of who the financial product is appropriate for. You should refer to the TMD of the product before making any investment decisions. You can access our Investor Directed Portfolio Service (IDPS) Guide, Product Disclosure

Portfolio Service (IDPS) Guide, Product Disclosure Statements (PDS), Prospectus and TMD at vanguard.com.au and Vanguard Super SaveSmart and TMD at vanguard.com.au/super or by calling 1300 655 101. Past performance information is given for illustrative purposes only and should not be

is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. This website was prepared in good faith and we accept no liability for any errors or omissions. Important Legal Notice - Offer not to persons outside Australia The PDS, IDPS

- Offer not to persons outside Australia The PDS, IDPS Guide or Prospectus does not constitute an offer or invitation in any jurisdiction other than in Australia. Applications from outside Australia will not be accepted. For the avoidance of doubt, these products are not intended to be sold to US

of doubt, these products are not intended to be sold to US Persons as defined under Regulation S of the US federal securities laws. © 2022 Vanguard Investments Australia Ltd. All rights reserved. Terms and conditions | Disclaimers | Privacy policy | Whistleblower policy | Accessibility |

| Privacy policy | Whistleblower policy | Accessibility | Security | Modern Slavery Statement |Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us how we are different.   How we're different | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to

an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments How we're differentOur focus is always on putting you first.You’re our focus Vanguard’s mission is to take a stand for all

our focus Vanguard’s mission is to take a stand for all investors, to treat them fairly, and to give them the best chance for investment success. For you, that means knowing we’re always working hard for your benefit, not for ours. Through Vanguard Personal Investor, you get direct access to our

Vanguard Personal Investor, you get direct access to our wide range of market-leading, low-cost, investment products and solutions. Overall, our focus is to make decisions in your best interest to ensure we deliver a disciplined and consistent investment experience over the long term. Learn

investment experience over the long term. Learn more about our principles We keep investing costs low Helping you keep more of your money Our large size as a business, combined with our portfolio management approach, helps us to keep your costs low. Every dollar you pay for investment fees and

your costs low. Every dollar you pay for investment fees and costs is a dollar less in your pocket. Put the other way, every dollar you save adds up to higher compound investment returns over the long term. As our assets under management increase over time, we’re focused on reducing our management

over time, we’re focused on reducing our management costs so you pay less and keep more of your returns. It’s how we do business. Learn more about fees We’ve been investing for over 45 years An investment philosophy that’s stood the test of time. When you invest with Vanguard, you have more than 45

of time. When you invest with Vanguard, you have more than 45 years of global investment experience behind you. In Australia, we’ve been helping investors meet their long-term financial goals with low-cost investment solutions for more than 25 years. Vanguard's global investment teams and

more than 25 years. Vanguard's global investment teams and world-class systems bring a disciplined approach to portfolio management with a consistent focus on long-term results. Learn more about our history More about VanguardOur history How we're different Our team Our awards Our

history How we're different Our team Our awards Our principles Diversity and inclusion Our ESG approach Investment stewardship Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account

is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles Diversity & inclusion Our ESG approach Investment stewardship Invest with us About

ESG approach Investment stewardship Invest with us About our platform About our products Fees & costs Account types Learn Plain talk library Smart Investing Support Contact us FAQs Security & fraud Accessibility Forms and notices PDS and offer documents Tools and calculators Make a complaint

and offer documents Tools and calculators Make a complaint GENERAL ADVICE WARNING Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270)

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us investment stewardship.html.   Investment stewardship | Vanguard Australia Personal Investor  You need to enable JavaScript to run

Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us

Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsInvestment stewardshipWe advocate for the highest standards of corporate governance worldwide.

the highest standards of corporate governance worldwide. Principles and philosophyWe steward the assets of more than 30 million investors worldwide. Our four principles of governance guide our approach to proxy voting, engagement, and advocacy. Explore Investment stewardship insightsWe

and advocacy. Explore Investment stewardship insightsWe advocate for better corporate governance by sharing our perspectives on important topics. Everything about our program is grounded in our fiduciary responsibility to safeguard the best interests of the investors in our funds.

safeguard the best interests of the investors in our funds. Explore Reports and policiesWe are committed to disclosing our stewardship activities and policies to inform our investors, portfolio companies, regulators, and other key stakeholders. Explore Stewardship in actionWe care deeply

Explore Stewardship in actionWe care deeply about governance. As practically permanent owners of the companies in which our index funds invest, we use our voice to advocate for the highest standards of corporate governance worldwide. Explore Vanguard Investments Australia complies with the

Explore Vanguard Investments Australia complies with the Financial Services Council Standard on Principles of Internal Governance and Asset Stewardship (Stewardship Code). Our Stewardship Statement   Vanguard is a signatory of UNPRI   Contact usInvestor relations representatives of

UNPRI   Contact usInvestor relations representatives of public companies can schedule engagements with our team. Note: This email address should not be used for account-related issues. Email a Vanguard Investment Stewardship representative via investmentstewardship@vanguard.com.

via investmentstewardship@vanguard.com. Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard

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product issuer of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted with VIA to provide some services for Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively, “Vanguard”).We have not

Group, Inc (collectively, “Vanguard”).We have not taken your or your clients' objectives, financial situation or needs into account when preparing our website content so it may not be applicable to the particular situation you are considering. You should consider your objectives, financial

of future performance. This website was prepared in good faith and we accept no liability for any errors or omissions. Important Legal Notice - Offer not to persons outside Australia The PDS, IDPS Guide or Prospectus does not constitute an offer or invitation in any jurisdiction other than in

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|Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal

Elders past, present and emerging. d.com.au personal about us investment stewardship.   Investment stewardship | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation

, selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are

account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsInvestment stewardshipWe advocate for the highest standards of corporate governance worldwide. Principles and philosophyWe steward the assets of more than 30 million investors worldwide. Our four principles of

30 million investors worldwide. Our four principles of governance guide our approach to proxy voting, engagement, and advocacy. Explore Investment stewardship insightsWe advocate for better corporate governance by sharing our perspectives on important topics. Everything about our

perspectives on important topics. Everything about our program is grounded in our fiduciary responsibility to safeguard the best interests of the investors in our funds. Explore Reports and policiesWe are committed to disclosing our stewardship activities and policies to inform our

our stewardship activities and policies to inform our investors, portfolio companies, regulators, and other key stakeholders. Explore Stewardship in actionWe care deeply about governance. As practically permanent owners of the companies in which our index funds invest, we use our voice to

in which our index funds invest, we use our voice to advocate for the highest standards of corporate governance worldwide. Explore Vanguard Investments Australia complies with the Financial Services Council Standard on Principles of Internal Governance and Asset Stewardship (Stewardship

Internal Governance and Asset Stewardship (Stewardship Code). Our Stewardship Statement   Vanguard is a signatory of UNPRI   Contact usInvestor relations representatives of public companies can schedule engagements with our team. Note: This email address should not be used for

our team. Note: This email address should not be used for account-related issues. Email a Vanguard Investment Stewardship representative via investmentstewardship@vanguard.com. Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is

futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles Diversity & inclusion Our ESG

Our awards Our principles Diversity & inclusion Our ESG approach Investment stewardship Invest with us About our platform About our products Fees & costs Account types Learn Plain talk library Smart Investing Support Contact us FAQs Security & fraud Accessibility Forms and notices PDS and

Security & fraud Accessibility Forms and notices PDS and offer documents Tools and calculators Make a complaint GENERAL ADVICE WARNING Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal Investor. Vanguard

and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee and product issuer of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted with VIA to provide some services for Vanguard Super. Any general advice is

some services for Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively, “Vanguard”).We have not taken your or your clients' objectives, financial situation or needs into account when preparing

in good faith and we accept no liability for any errors or omissions. Important Legal Notice - Offer not to persons outside Australia The PDS, IDPS Guide or Prospectus does not constitute an offer or invitation in any jurisdiction other than in Australia. Applications from outside Australia will

in Australia. Applications from outside Australia will not be accepted. For the avoidance of doubt, these products are not intended to be sold to US Persons as defined under Regulation S of the US federal securities laws. © 2022 Vanguard Investments Australia Ltd. All rights reserved. Terms and

Investments Australia Ltd. All rights reserved. Terms and conditions | Disclaimers | Privacy policy | Whistleblower policy | Accessibility | Security | Modern Slavery Statement |Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia

Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us investment stewardship investment

personal about us investment stewardship investment stewardship insights.   Investment stewardship insights | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation

account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsInvestment stewardship insightsAdvocating for investors Principles and philosophy Insights Reports and policies Stewardship in action Vanguard’s investment stewardship efforts are an important part of our

stewardship efforts are an important part of our mission, giving investors the best chance for investment success. We publish Investment Stewardship Insights to promote good governance practices and to provide investors and public companies with timely perspectives on important

public companies with timely perspectives on important governance topics and key votes. Download insightsVoting Insights: Dual share class proposal and a director election at AlphabetThis piece provides rationale for why the Vanguard funds supported the election of a director and a

Vanguard funds supported the election of a director and a proposal that requested Alphabet eliminate its multi-share class structure. Download Voting Insights: Corporate political activity shareholder proposal at Flowers FoodsThis piece provides rationale for why the Vanguard equity

piece provides rationale for why the Vanguard equity index funds supported a proposal requesting the company report on its political contributions. Download Voting Insights: Human capital management and compensation proposals at AmazonThis piece provides rationale for why the Vanguard

AmazonThis piece provides rationale for why the Vanguard equity index funds did not support a range of proposals focused on human capital management issues and executive compensation at Amazon. Download Shareholder proposal at Sainsbury’s requesting real living wage accreditationThis

requesting real living wage accreditationThis piece provides rationale for why the Vanguard equity index funds did not support a living wage shareholder proposal at the U.K. retailer. Download Vanguard Australia Modern Slavery Statement, June 2022Vanguard condemns modern slavery and

Statement, June 2022Vanguard condemns modern slavery and abuses of human rights. This statement provides an overview of our work to proactively monitor and mitigate the risk of modern slavery and human trafficking practices within our investment portfolios and supply chains, and outlines

our investment portfolios and supply chains, and outlines the specific actions we've taken during the 2021 calendar year. Download Voting Insights: Shareholder proposal at Valero requesting disclosure of emissions reduction targetsThis piece provides rationale for why the Vanguard funds

piece provides rationale for why the Vanguard funds did not support a shareholder proposal focused on greenhouse gas emissions targets aligned with the Paris Agreement goals. Download Voting Insights: Diversity-related proposals, January-June 2021This piece provides the Vanguard funds'

January-June 2021This piece provides the Vanguard funds' votes and supporting rationale on diversity proposals for the six months ended June 30, 2021. Download Voting Insights: Climate-related proposals, January-June 2021This piece provides the Vanguard funds' votes and supporting

piece provides the Vanguard funds' votes and supporting rationale on climate proposals for the six months ended June 30, 2021. Download Insights: Evaluating executive compensation in times of crisisAt Vanguard we look for compensation policies that incentivise long-term outperformance

policies that incentivise long-term outperformance versus peers and drive sustainable value for a company's investors. Download Voting Insights: Oversight of health and safety risks at TysonAt Tyson's annual meeting, the Vanguard funds voted to support two shareholder proposals

Vanguard funds voted to support two shareholder proposals involving oversight of strategic risks. Download Voting Insights: Shareholder rights at SiemensVanguard funds voted to support a shareholder proposal at the Siemens AG (Siemens) annual general meeting that sought to amend the

(Siemens) annual general meeting that sought to amend the company's articles of association to allow shareholders to ask questions during virtual general meetings. Download Voting Insights: Human rights disclosures at Sanderson FarmsAt the Sanderson Farms annual meeting, the Vanguard

FarmsAt the Sanderson Farms annual meeting, the Vanguard funds voted to support an advisory shareholder proposal that asked that the board prepare a report on the company's human rights due-diligence process. Download Voting Insights: Proxy content at Box involving risk oversight and

Proxy content at Box involving risk oversight and shareholder rightsAt a proxy contest meeting for Box, a U.S.-based cloud content management platform provider, the Vanguard funds voted on the management proxy card and supported the reelection of the three management director nominees. The

reelection of the three management director nominees. The funds considered but did not support the director nominees on the dissent proxy card. Download Voting Insights: A proxy contest at Genesco related to oversight of strategy and riskAt a proxy contest meeting for Genesco, a U.S.-based

riskAt a proxy contest meeting for Genesco, a U.S.-based retailer and wholesaler of footwear and apparel, the Vanguard funds voted on the management proxy card and supported the reelection of all incumbent Genesco directors. Download Voting Insights: Executive compensation at Electronic

Voting Insights: Executive compensation at Electronic ArtsAt the Electronic Arts annual meeting, the gaming company sought support for a nonbinding management proposal seeking approval for the compensation of named executive officers. The Vanguard funds supported the proposal. Download

The Vanguard funds supported the proposal. Download Voting insights: Diversity, equity, and inclusion disclosures at American ExpressAt the annual meeting for American Express, a U.S.-based financial services company, the Vanguard funds supported a shareholder proposal that requested

funds supported a shareholder proposal that requested the board publish annually a report outlining the board's oversight of diversity, equity, and inclusion (DEI) efforts. Download Voting Insights: Director election and climate-relatedproposal at AGL EnergyAt the annual meeting for

at AGL EnergyAt the annual meeting for AGL, Australia's largest utility company, the Vanguard funds held the board accountable for governance concerns about material climate risk oversight by voting against the only director up for reelection. Download Voting Insights: An independent

for reelection. Download Voting Insights: An independent investigation and director accountability votes at ToshibaAt the annual meeting for Toshiba, a Japanese technology and electronics manufacturing company, the Vanguard funds did not support the re-election of its board chair and one

did not support the re-election of its board chair and one member of the Audit Committee. An independent report revealed material gaps in oversight related to the company's 2020annual meeting. At a special meeting earlier this year, the Vanguard funds had supported the ballot item that called

Vanguard funds had supported the ballot item that called for the formation of the independent committee that generated the report. Download Voting Insights: Shareholder proposal related to diversity, equity, and inclusion at AmazonThird-party racial equity and civil rights audit

at AmazonThird-party racial equity and civil rights audit proposals are gaining prominence on U.S. public company proxy voting ballots in 2021.Shareholder proponents filing these proposals request that companies conduct a third-party audit of potential risks related to diversity,

audit of potential risks related to diversity, equity, and inclusion (DEI), to provide an independent assessment of any direct or indirect impacts a company may have on communities of colour and publicly disclose the results. Download Voting Insights: Diversity, equity and inclusion at

Voting Insights: Diversity, equity and inclusion at PayPalAt the annual meeting for PayPal, a U.S.-based technology company, the Vanguard funds did not support a shareholder proposal that asked the company to prepare a report within one year assessing whether policies and norms at PayPal

one year assessing whether policies and norms at PayPal reinforce racism in company culture. Download Voting Insights: Human rights shareholder proposal at American TowerAt the annual meeting for American Tower, the Vanguard funds did not support a shareholder proposal that requested the

did not support a shareholder proposal that requested the board create a standing committee to oversee human rights risks that affect the company's business. American Tower is a U.S. real estate investment trust that owns, operates, and develops wireless and broadcast communications

and develops wireless and broadcast communications infrastructure globally. Download Voting Insights: Disclosure on lobbying, climate, and diversity and inclusion at UPSAt the annual meeting for UPS, a U.S.-based global shipping and logistics company, the Vanguard funds voted in favour

and logistics company, the Vanguard funds voted in favour of three shareholder proposals related to environmental and social risks. Download Voting Insights: Emissions reduction targets and climate lobbying at Phillips 66At the annual meeting for Phillips 66, a U.S.-based energy company,

meeting for Phillips 66, a U.S.-based energy company, the Vanguard funds voted in support of a shareholder proposal requesting that the company set emission reduction targets inclusive of greenhouse gas(GHG) emissions for all of its operations and energy products. The funds voted against a

operations and energy products. The funds voted against a proposal requesting a report on climate-related lobbying activities. Download Voting Insights: Lobbying aligned to the Paris Agreement at Sempra EnergyAt the annual meeting for Sempra Energy (Sempra), a U.S.-based utility, the

for Sempra Energy (Sempra), a U.S.-based utility, the Vanguard funds voted against a shareholder proposal requesting that the company issue a report describing how its lobbying activities align with the goals of the Paris Agreement, and how the company plans to mitigate risks that any

and how the company plans to mitigate risks that any misalignment presents. Download Voting insights: Workers' rights and board accountability at BoohooAt the 2021 annual meeting for Boohoo plc, a UK online fashion retailer, the Vanguard funds voted against the re-election of two directors

funds voted against the re-election of two directors and against the company's 2020 remuneration report. Download Voting insights: Emission reduction targets at ConocoPhillipsAt the annual meeting for ConocoPhillips, a U.S.-based energy company, the Vanguard funds supported a

U.S.-based energy company, the Vanguard funds supported a shareholder proposal requesting that the company set emission reduction targets inclusive of greenhouse gas (GHG)emissions across its operations and energy products. Download Voting Insights: Independent chair proposal and

Download Voting Insights: Independent chair proposal and lobbying disclosure at Dominion EnergyAt the annual meeting for Dominion Energy, a U.S.-based utility company, the Vanguard funds voted against two shareholder proposals. Download Voting Insights: Independent chair proposal and

Download Voting Insights: Independent chair proposal and political contributions at DukeAt the annual meeting for Duke, a U.S.-based utility company, the Vanguard funds voted against two shareholder proposals. Download Voting insights: Climate-related proposals at Royal Dutch ShellAt

Climate-related proposals at Royal Dutch ShellAt the annual meeting for Royal Dutch Shell Plc (Shell), the UK-listed Dutch energy company, the Vanguard funds voted in favour of an advisory management proposal seeking approval of the company’s energy transition strategy. Download Voting

company’s energy transition strategy. Download Voting insights: Climate-related proposal at Union PacificAt the annual meeting for Union Pacific, a large U.S. railroad company, the Vanguard funds did not support a shareholder proposal that requested that the company report annually on its

that requested that the company report annually on its greenhouse gas emissions and emissions reduction plan and that it produce the first report within 60 days of the annual meeting. Download How we evaluate Say on Climate proposals"Say on Climate" proposals encourage companies to disclose

on Climate" proposals encourage companies to disclose climate-related risks, targets, and transition plans in line with the reporting framework created by the Task Force on Climate-related Financial Disclosures (TCFD), a framework that Vanguard supports. Download Insights: Shareholder

that Vanguard supports. Download Insights: Shareholder proposals - Diversity, equity, and inclusionRisks to shareholder value associated with diversity, equity, and inclusion(DEI) remain a top engagement priority for Vanguard with our funds 'portfolio companies. Download Voting

with our funds 'portfolio companies. Download Voting insights: A proxy contest and shareholder proposals related to material risk oversight at ExxonMobilAt the annual meeting for ExxonMobil, a U.S. integrated oil and gas company, the Vanguard funds voted on the dissident proxy card and

the Vanguard funds voted on the dissident proxy card and supported two dissident director nominees to join Exxon's board. Download Voting insights: A push for greater environmental and social risk disclosure at Charter CommunicationsAt the annual meeting for Charter Communications, a U.S

the annual meeting for Charter Communications, a U.S .telecommunications and mass media company, the Vanguard funds voted in favor of four shareholder proposals. Download Insights: A continued call for boardroom diversityOur perspectives on boardroom diversity continue to evolve as we

on boardroom diversity continue to evolve as we encourage boards to make progress on this front. Download Insights: Diversity in the workplaceOur views on diversity extend beyond the boardroom to leadership teams and workforces. Download Insights: Social risks and the rights of Indigenous

Insights: Social risks and the rights of Indigenous peoplesIn context of events that have occurred within mining and other land-intensive industries, we share our views on social risks and expectations on cultural heritage management. Download Vanguard funds plan to grant proxy voting to

Download Vanguard funds plan to grant proxy voting to external managersThe boards of trustees of Vanguard's externally managed funds plan to approve a measure that is expected to grant full proxy voting privileges to those funds' external managers. Download Vanguard logoConnect with

external managers. Download Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles Diversity & inclusion Our ESG approach Investment stewardship Invest with us About our platform About our products Fees

Invest with us About our platform About our products Fees & costs Account types Learn Plain talk library Smart Investing Support Contact us FAQs Security & fraud Accessibility Forms and notices PDS and offer documents Tools and calculators Make a complaint GENERAL ADVICE WARNING Vanguard

Make a complaint GENERAL ADVICE WARNING Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee and product

and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively, “Vanguard”).We have not taken your or your clients' objectives, financial situation or needs into account when preparing our website content so it may not be applicable to the particular situation you are

purposes only and should not be relied upon as, and is not, an indication of future performance. This website was prepared in good faith and we accept no liability for any errors or omissions. Important Legal Notice - Offer not to persons outside Australia The PDS, IDPS Guide or Prospectus does not

Australia The PDS, IDPS Guide or Prospectus does not constitute an offer or invitation in any jurisdiction other than in Australia. Applications from outside Australia will not be accepted. For the avoidance of doubt, these products are not intended to be sold to US Persons as defined under

are not intended to be sold to US Persons as defined under Regulation S of the US federal securities laws. © 2022 Vanguard Investments Australia Ltd. All rights reserved. Terms and conditions | Disclaimers | Privacy policy | Whistleblower policy | Accessibility | Security | Modern Slavery

policy | Accessibility | Security | Modern Slavery Statement |Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to

to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us investment stewardship principles and philosophy.   Principles and philosophy | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app

Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us

Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsOur principles and philosophyWe take a principles-based approach to investment stewardship, focusing on long-term

to investment stewardship, focusing on long-term value creation for Vanguard fund stakeholders. Principles and philosophy Insights Reports and policies Stewardship in action Our four principles   Vanguard’s investment stewardship activities are grounded in four principles of good

activities are grounded in four principles of good governance.   View Global Principles Board composition and effectiveness Good governance begins with a company’s board of directors. An effective board should be independent, committed, capable, and diverse in personal characteristics,

capable, and diverse in personal characteristics, skills, and experience. Oversight of strategy and risk Boards should work to prevent risks from becoming governance failures. Oversight of a company’s long-term strategy and material risks, including environmental, social, and

and material risks, including environmental, social, and governance risks, can safeguard investors over the long run. Executive compensation Performance-linked compensation drives sustainable, long-term value. Pay plans should incentivize outperforming versus industry peers over

incentivize outperforming versus industry peers over the long term. Shareholder rights Shareholders should be empowered through their voice and their vote. We expect companies to adopt governance structures that serve as a safety net to safeguard and support foundational rights for

net to safeguard and support foundational rights for shareholders. Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles Diversity & inclusion Our ESG approach Investment stewardship Invest with us

Our ESG approach Investment stewardship Invest with us About our platform About our products Fees & costs Account types Learn Plain talk library Smart Investing Support Contact us FAQs Security & fraud Accessibility Forms and notices PDS and offer documents Tools and calculators Make a

PDS and offer documents Tools and calculators Make a complaint GENERAL ADVICE WARNING Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence

Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee and product issuer of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted with VIA to provide some services for Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both

advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively, “Vanguard”).We have not taken your or your clients' objectives, financial situation or needs into account when preparing our website content so it may not be applicable to

preparing our website content so it may not be applicable to the particular situation you are considering. You should consider your objectives, financial situation or needs, and the disclosure documents for the product before making any investment decision. Before you make any financial

any investment decision. Before you make any financial decision regarding the product, you should seek professional advice from a suitably qualified adviser. A copy of the Target Market Determinations (TMD) for Vanguard's financial products can be obtained on our website free of charge,

products can be obtained on our website free of charge, which includes a description of who the financial product is appropriate for. You should refer to the TMD of the product before making any investment decisions. You can access our Investor Directed Portfolio Service (IDPS) Guide, Product

Directed Portfolio Service (IDPS) Guide, Product Disclosure Statements (PDS), Prospectus and TMD at vanguard.com.au and Vanguard Super SaveSmart and TMD at vanguard.com.au/super or by calling 1300 655 101. Past performance information is given for illustrative purposes only and should

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us investment stewardship reports and policies.   Reports and policies | Vanguard Australia Personal Investor  You need to enable

centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsReports and policiesAs a steward for the assets of more than 30 million people

a steward for the assets of more than 30 million people worldwide, we want you to know how we advocate, engage, and vote on behalf of our investors. Principles and philosophy Insights Reports and policies Stewardship in action Reports 2022 Investment Stewardship Semiannual ReportThis report

Investment Stewardship Semiannual ReportThis report outlines our global voting, engagement, and advocacy efforts for the six months ended June 30, 2022. Open PDF 2021 Investment Stewardship Annual ReportThis report outlines our global investment stewardship efforts for the 12 months

global investment stewardship efforts for the 12 months ended December 31, 2021, and provides disclosure of our proxy voting and engagement activities. Open PDF 2021 Investment Stewardship Semiannual ReportThis report outlines our global voting, engagement, and advocacy efforts for the

global voting, engagement, and advocacy efforts for the six months ended June 30, 2021. Open PDF Vanguard Investment Stewardship 2020 Annual Report (12 months ended December 31, 2020)This report outlines our global investment stewardship efforts for the 12 months ended December 31, 2020, and

efforts for the 12 months ended December 31, 2020, and provides disclosure of our proxy voting and engagement activities. Open PDF Vanguard Investment Stewardship 2020 Annual Report (12 months ended June 30, 2020)This report outlines our global investment stewardship efforts for the 12

our global investment stewardship efforts for the 12 months ended June 30, 2020, and provides disclosure of our proxy voting and engagement activities. Open PDF PoliciesThe investment stewardship policies below demonstrate our commitment to doing the right thing for investors. We regularly

to doing the right thing for investors. We regularly review our policies and guidelines to consider further developments in governance standards and risks to long-term shareholder value.   Responsible Investment Policy Vanguard’s mission is to give investors the best chance for investment

mission is to give investors the best chance for investment success. We believe responsible investment is consistent with our fiduciary duty to manage investments in the best interest of clients. Our approach to responsible investment is outlined below. Passive equity Index funds have

is outlined below. Passive equity Index funds have revolutionized investing by providing millions of investors with broad market exposure at a very low cost. They predominantly track benchmarks constructed without consideration of ESG criteria. Because ESG risks can undermine returns over

ESG criteria. Because ESG risks can undermine returns over the long run and our index funds are essentially permanent owners of the companies in which they invest, Vanguard’s Investment Stewardship team votes proxies, engages with company directors and executives, and advocates for

with company directors and executives, and advocates for market-wide adoption of governance best practices to address these material risks. Although we want companies to mitigate material risks, we do not dictate strategy. Active fixed income ESG risk is one element of Vanguard Fixed Income

income ESG risk is one element of Vanguard Fixed Income Group’s bottom-up financial analysis for potential investments. The team quantifies the financial materiality of ESG risk and assesses whether a security’s current valuation properly reflects that risk. Active equity The majority of

properly reflects that risk. Active equity The majority of Vanguard’s active equity funds are managed by external firms. This approach provides us with diversity of thought and broader access to top talent. Each firm has its own philosophy and process, and many consider ESG factors when

philosophy and process, and many consider ESG factors when selecting securities. Vanguard’s Oversight and Manager Search team is responsible for monitoring the external managers’ performance. As part of that oversight, the team reviews the external managers’ sustainability and ESG risk

the external managers’ sustainability and ESG risk practices. By allowing the advisors to vote their own proxies, Vanguard enables our advisors to integrate their own analysis and direct engagement with portfolio companies into their investment strategies. ESG products Some investors

their investment strategies. ESG products Some investors simply don’t want exposure to ESG risks or want to avoid companies that don’t align with their values. Vanguard currently offers more than a dozen exclusionary (or negatively screened) equity and fixed income ESG products across the

screened) equity and fixed income ESG products across the globe. These products use transparent exclusion measures to remove certain companies from their investment universe based on predetermined ESG screening criteria. Principles and policiesOur four corporate governance principles

and policiesOur four corporate governance principles serve as the foundation of our program, guiding our proxy voting and engagement activities. We apply the principles to our voting practices, considering the regional and market-specific voting policies that the funds have adopted. To

voting policies that the funds have adopted. To learn more about how we apply the principles, view our regional voting policies below. View Global Principles Australia and New Zealand proxy voting policyThis piece describes our general proxy voting policy that applies to all companies

general proxy voting policy that applies to all companies domiciled in Australia and New Zealand. The effective date of the policy is September 1, 2022. Open PDF Proxy voting policy for Brazilian portfolio companiesThis document describes the general positions of the Vanguard funds on

describes the general positions of the Vanguard funds on recurring proxy proposals for Brazilian-domiciled companies. Effective April 1, 2022. Open PDF Portuguese language version Proxy voting policy for Canadian portfolio companiesThis document describes the general positions of the

document describes the general positions of the Vanguard funds on recurring proxy proposals for Canadian-domiciled companies. Effective April 1, 2022. Open PDF French language version Proxy voting policy for Japanese portfolio companiesThis document describes the general positions of

document describes the general positions of the funds advised by Vanguard on recurring proxy proposals at Japanese-domicile companies. Open PDF Japanese language version Proxy voting policy for Mexican portfolio companiesThis document describes the general positions of the Vanguard

document describes the general positions of the Vanguard funds on recurring proxy proposals for Mexico-domiciled companies. Effective April 1, 2022. Open PDF Spanish language version Proxy voting policy for U.S. portfolio companiesThis document outlines the general proxy voting policies

document outlines the general proxy voting policies for each Vanguard fund (effective March 1, 2022). Primary updates from our 2021 policy include committee independence, director capacity, board oversight failings, and hybrid/virtual meetings. Open PDF Proxy voting policy for European

meetings. Open PDF Proxy voting policy for European and UK portfolio companiesOur general proxy voting policy (effective February 1, 2022) that applies to all European-domiciled companies, followed by country specific policies for the UK, Ireland, the Crown Dependencies (Jersey, Guernsey

the UK, Ireland, the Crown Dependencies (Jersey, Guernsey and the Isle of Man) and Germany. Open PDF Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles Diversity & inclusion Our ESG approach Investment

Diversity & inclusion Our ESG approach Investment stewardship Invest with us About our platform About our products Fees & costs Account types Learn Plain talk library Smart Investing Support Contact us FAQs Security & fraud Accessibility Forms and notices PDS and offer documents Tools and

Forms and notices PDS and offer documents Tools and calculators Make a complaint GENERAL ADVICE WARNING Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 /

Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee and product issuer of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted with VIA to provide some services for Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA

Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively, “Vanguard”).We have not taken your or your clients' objectives, financial situation or needs into account when preparing our website content so it may not be

account when preparing our website content so it may not be applicable to the particular situation you are considering. You should consider your objectives, financial situation or needs, and the disclosure documents for the product before making any investment decision. Before you make any

before making any investment decision. Before you make any financial decision regarding the product, you should seek professional advice from a suitably qualified adviser. A copy of the Target Market Determinations (TMD) for Vanguard's financial products can be obtained on our website free

financial products can be obtained on our website free of charge, which includes a description of who the financial product is appropriate for. You should refer to the TMD of the product before making any investment decisions. You can access our Investor Directed Portfolio Service (IDPS) Guide,

our Investor Directed Portfolio Service (IDPS) Guide, Product Disclosure Statements (PDS), Prospectus and TMD at vanguard.com.au and Vanguard Super SaveSmart and TMD at vanguard.com.au/super or by calling 1300 655 101. Past performance information is given for illustrative purposes only

Legal Notice - Offer not to persons outside Australia The PDS, IDPS Guide or Prospectus does not constitute an offer or invitation in any jurisdiction other than in Australia. Applications from outside Australia will not be accepted. For the avoidance of doubt, these products are not intended to

the avoidance of doubt, these products are not intended to be sold to US Persons as defined under Regulation S of the US federal securities laws. © 2022 Vanguard Investments Australia Ltd. All rights reserved. Terms and conditions | Disclaimers | Privacy policy | Whistleblower policy |

| Disclaimers | Privacy policy | Whistleblower policy | Accessibility | Security | Modern Slavery Statement |Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land,

our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us investment stewardship stewardship in action. d.com.au personal about us our awards.   Our awards | Vanguard Australia

about us our awards.   Our awards | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global

investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsOur awardsVanguard is consistently recognised as a leading

awardsVanguard is consistently recognised as a leading provider of investment products and services.We’re proud of our achievements and we'd love to share them with you.With our commitment to providing high-quality, low-cost investment products and expert management, it’s not hard to see

products and expert management, it’s not hard to see why we’ve won so many industry awards. Current awards2022 | CanstarProvider of the Year - Exchange Traded FundsAwarded 2020-2022Previous awards 2022MorningstarFund Manager of the Year - Overall7Money magazineBest Investment

of the Year - Overall7Money magazineBest Investment ManagerMoney magazineBest Fixex-Interest Exchange Traded Product2021MorningstarFund Manager of the Year - Multi-Sector6Money magazineETF Provider of the YearCanstarETF Provider of the Year2020CanstarETF Provider of the

Provider of the Year2020CanstarETF Provider of the YearMorningstarFund Manager of the Year - Multi-Sector52019Morningstar- Australian Fund Manager of the Year - Fund Manager of the Year - Property and Infrastructure42018Money magazine's Best of the Best- Best ETF Provider- Best

magazine's Best of the Best- Best ETF Provider- Best Australian Share ETF - Best Income ETF - Best Specialty ETF - Best International Share ETFSMSF Adviser- ETF Provider - Global Equities Fund Manager - Fixed Income Fund Manager2017Morningstar- Australian Fund Manager of the Year3SMSF

Australian Fund Manager of the Year3SMSF Adviser- ETF Provider - Global Equities Fund ManagerMoney magazine's Best of the Best- Best ETF Provider - Best Australian Share ETF - Best Income ETF - Best Specialty ETF2016Financial Review Smart Investor Blue Ribbon Awards- Fund Manager of the

Smart Investor Blue Ribbon Awards- Fund Manager of the YearMoney magazine's Best of the Best- Best ETF Provider - Best Australian Share ETF - Best Income ETF - Best Specialty ETF - Best International ETFSMSF Adviser- ETF Provider - Fixed Income Provider2015Morningstar- Australian Fund Manager

Provider2015Morningstar- Australian Fund Manager of the Year - Fund Manager of the Year - Multi-Sector2Money magazine's Best of the Best- Best ETF Provider - Best Australian Share ETF - Best Income ETF - Best Specialty ETF - Best International ETFSMSF Adviser- ETF Provider Money

- Best International ETFSMSF Adviser- ETF Provider Money Management/Lonsec Fund Manager of the Year- ETF Provider of the Year2014Money magazine's Best of the Best- Best ETF Provider - Best Australian Share ETF - Best Specialty ETF - Best International ETFMoney Management/Lonsec Fund Manager

International ETFMoney Management/Lonsec Fund Manager of the Year- ETF Provider of the Year2013Money magazine's Best of the Best- Best ETF Provider - Best Specialty ETF - Best International ETF (All-World Ex US Shares (AU) ETF) - Best International ETF (US Total Market Shares (AU) ETF)AFR

International ETF (US Total Market Shares (AU) ETF)AFR Smart Investor League of Exceptional Service (SMILES) Survey- Best Fund Manager 20132012Morningstar- Fund Manager of the Year - Fixed Interest1AFR Smart Investor Magazine- Fund Manager of the Year1. Morningstar Awards 2012 (c).

Fund Manager of the Year1. Morningstar Awards 2012 (c). Morningstar, Inc. All Rights Reserved. Awarded to Vanguard Investments Australia for Fund Manager of the Year, Fixed Interest, Australia. 2. Morningstar Awards 2015 (c). Morningstar, Inc. All Rights Reserved. Vanguard Investments

Inc. All Rights Reserved. Vanguard Investments Australia has been Awarded Overall Fund Manager of the Year as well as Fund Manager of the Year for the Multisector category, Australia. 3. Morningstar Awards 2017 (c). Morningstar, Inc. All Rights Reserved. Awarded to Vanguard Investments

Inc. All Rights Reserved. Awarded to Vanguard Investments Australia for Fund Manager of the Year, Australia. 4. Morningstar Awards 2019 (c). Morningstar, Inc. All Rights Reserved. Vanguard Investments Australia has been Awarded Overall Fund Manager of the Year as well as Fund Manager of the

Fund Manager of the Year as well as Fund Manager of the Year for the Property & Infrastructure category, Australia. 5. Morningstar Awards 2020 (c). Morningstar, Inc. All Rights Reserved. Awarded to Vanguard Investments Australia for Fund Manager of the Year, Multisector, Australia.

for Fund Manager of the Year, Multisector, Australia. 6. Morningstar Awards 2021 (c). Morningstar, Inc. All Rights Reserved. Awarded to Vanguard Investments Australia for Fund Manager of the Year, Multisector, Australia. 7. Morningstar Awards 2022(c). Morningstar, Inc. All Rights

Awards 2022(c). Morningstar, Inc. All Rights Reserved. Awarded to Vanguard Investments Australia for Fund Manager of the Year, Australia. More about VanguardOur history How we're different Our team Our awards Our principles Diversity and inclusion Our ESG approach Investment stewardship

and inclusion Our ESG approach Investment stewardship Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy

our respects to their Elders past, present and emerging. d.com.au personal about us our esg approach esg growth.   ESG growth | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia

Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with

Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsEnvironmental, social and governance (ESG)Investing based on the issues that matter to you What is ESG? ESG growth Our approach Our ESG products ESG GrowthAligning investments with values The

products ESG GrowthAligning investments with values The adoption of ESG investing has accelerated as more investors seek out investments that reflect not only their financial goals but their personal values too. ESG: Moving to the mainstream ESG is no longer niche. Many companies now consider

ESG is no longer niche. Many companies now consider ESG matters to be at the heart of the sustainability of their business strategy and operational activities. It is a significant and growing part of the global finance sector.   What makes ESG an enduring trend?A combination of factors has

makes ESG an enduring trend?A combination of factors has contributed to the advancement of ESG to the mainstream investing landscape: Proliferating ESG dataTransparency and standardisation of ESG data is improving. There are now more than 11,000 public companies worldwide disclosing ESG

than 11,000 public companies worldwide disclosing ESG indicators.Developing regulationGlobal regulatory change is driving increased adoption of ESG products by larger institutional investors. Regions like Australia where regulation has developed have seen increased ESG product

regulation has developed have seen increased ESG product adoption and growth.Investor preferencesInvestors are increasingly seeking social utility, or for their investments to align with their values, in addition to financial returns. Research shows everyday investors - but millennials

Research shows everyday investors - but millennials and women, in particular - view social and environmental impacts as important to their investing choices.Investment rationaleInvestors want social utility in addition to financial returns on their investments. Recent studies show ESG

returns on their investments. Recent studies show ESG having a neutral-to-positive impact on company performance. There are growing bodies of research that conclude ESG investing can achieve competitive rates of return.More about investing with usAbout our platform About our products Fees

with usAbout our platform About our products Fees and costs Account types Exchange Traded Funds (ETFs) Managed funds Ready-made portfolios View all products Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than

Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles Diversity & inclusion Our ESG approach Investment

our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us our esg approach our approach to esg.   Our approach to ESG | Vanguard Australia Personal Investor  You need to enable

centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsEnvironmental, social and governance (ESG)Investing based on the issues that

and governance (ESG)Investing based on the issues that matter to you What is ESG? ESG growth Our approach Our ESG products Our approach to ESGCore to our mission to give investors the best chance for investment success is our duty to maximise long-term investment returns for our funds' investors.

long-term investment returns for our funds' investors. And we believe that material ESG (environmental, social, and governance) risks can affect this long-term value creation in the companies in which our funds invest. As a result, ESG considerations are integrated into our product and

ESG considerations are integrated into our product and investment processes primarily through allocating capital to portfolio companies in our active funds, developing products that allow investors to avoid or mitigate exposure to certain ESG risks, and engaging with the portfolio

to certain ESG risks, and engaging with the portfolio companies in our index funds. We allocate capital to sustainable returns in our active fundsMany of our active fund managers explicitly consider ESG factors in their investment process. Because ESG factors affect a company’s long-term

process. Because ESG factors affect a company’s long-term value, they often form an important part of the risk mosaic, even for those funds without an explicit ESG focus. For example, they may consider how social and environmental factors might affect a company’s future earnings.We engage with

might affect a company’s future earnings.We engage with the portfolio companies in our equity fundsAs pioneers of indexing, we believe in the power of passive investing. But that doesn’t mean Vanguard is passive when it comes to ESG risks. Our Investment Stewardship team actively engages with

Our Investment Stewardship team actively engages with portfolio companies to address material ESG issues. We expect companies to disclose significant risks, develop strategies to reduce them and report on progress, protecting long-term shareholder value.We develop products that allow

shareholder value.We develop products that allow investors to avoid certain ESG risksWe give investors a choice in what they invest in—and what they don’t invest in. We develop products that allow investors to avoid exposure to companies that are not aligned with their values, or to mitigate

that are not aligned with their values, or to mitigate certain ESG risks. Vanguard’s ESG products track indices that use screens to avoid investing in certain sectors and companies, while maintaining broad diversification. More about investing with usAbout our platform About our products

investing with usAbout our platform About our products Fees and costs Account types Exchange Traded Funds (ETFs) Managed funds Ready-made portfolios View all products Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it

where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us our esg approach our esg products.   Our ESG products | Vanguard Australia Personal Investor  You need to

and governance (ESG)Investing based on the issues that matter to you What is ESG? ESG growth Our approach Our ESG products Our ESG productsTo help align your investments with your ESG preferences, our suite of ESG investment products offer both active and index options, and cover equities and

offer both active and index options, and cover equities and fixed income, across a range of different geographies. View our full range of products below: Exclusionary screened investmentsOur suite of exclusionary screened index funds apply a range of exclusions to a broad market index,

funds apply a range of exclusions to a broad market index, allowing you to avoid exposure to certain ESG risks, or activities that don’t align with your preferences.   Vanguard Ethically Conscious Australian Shares ETF ETF ASX: VETH View product Vanguard Ethically Conscious Australian Shares

product Vanguard Ethically Conscious Australian Shares Fund Managed fund VAN4509AU View product Vanguard Ethically Conscious International Shares Index ETF ETF ASX: VESG View product Vanguard Ethically Conscious International Shares Index Fund Managed fund VAN8175AU View product

Shares Index Fund Managed fund VAN8175AU View product Vanguard Ethically Conscious International Shares Index Fund - AUD Hedged Managed fund VAN0848AU View product Vanguard Ethically Conscious International Shares Index Fund - NZD Hedged Managed fund VAN4013AU View product Vanguard

- NZD Hedged Managed fund VAN4013AU View product Vanguard Ethically Conscious Global Aggregate Bond Index (Hedged) ETF ETF ASX: VEFI View product Vanguard Ethically Conscious Global Aggregate Bond Index Fund (Hedged) - AUD Hedged Managed fund VAN2989AU View product Vanguard Ethically

Managed fund VAN2989AU View product Vanguard Ethically Conscious Global Aggregate Bond Index Fund (Hedged) - NZD Hedged Managed fund VAN1233AU View product Impact investmentOur ESG impact fund has dual objectives. It aims to produce both long-term outperformance and a measurable positive

both long-term outperformance and a measurable positive impact—for instance, addressing environmental and social issues. Managed by Baillie GiffordVanguard Active Positive Impact Fund Managed fund VAN2580AU View product More about investing with usAbout our platform About our products

where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us our esg approach what is esg.   What is ESG? | Vanguard Australia Personal Investor  You need to enable

and governance (ESG)Investing based on the issues that matter to you. What is ESG? ESG growth Our approach Our ESG products What is ESG investing?ESG investing refers to the inclusion of environmental, social and governance factors in one or more parts of the investment process or product

in one or more parts of the investment process or product design. Environmental: How companies and industries manage their impact on the environment. This could include climate change, deforestation, pollution and waste management. Social: How a company or industry manages its impact on

Social: How a company or industry manages its impact on society. This could include how they treat employees and suppliers, community engagement and health and safety. Governance: Whether a company has good business practices. These could include the diversity of a company’s board and

These could include the diversity of a company’s board and leadership team, executive pay or how they handle tax. When discussing the broader ESG investment landscape there are a variety of approaches to choose from, some having very different objectives. The five approaches to ESG investing

objectives. The five approaches to ESG investing described below are a useful starting point to understand the options available. ESG investment approachesExclusionary portfolio screeningExcludes companies based on their products or business activities (e.g. tobacco and fossil fuels)

or business activities (e.g. tobacco and fossil fuels) that conflict with certain values.Inclusionary portfolio screening Invests in companies or sectors considered to be more effective in the management of ESG risks, including those demonstrating meaningful improvement in the

those demonstrating meaningful improvement in the management of those risks.ESG integration Systematic inclusion of material ESG information in investment analysis and decision making. Impact investingTargeted investments with the dual objective of generating financial return in

with the dual objective of generating financial return in addition to positive ESG-related impact. StewardshipThe responsible use of proxy voting and engagement activities by institutional investors “to maximise overall long-term value including the value of common economic, social and

value including the value of common economic, social and environmental assets, on which returns and clients’ and beneficiaries’ interests depend.” (Source: Principles for Responsible Investing) More about VanguardOur history How we're different Our team Our awards Our principles

How we're different Our team Our awards Our principles Diversity and inclusion Our ESG approach Investment stewardship Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today

and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles Diversity & inclusion Our ESG approach Investment stewardship Invest with us About our

approach Investment stewardship Invest with us About our platform About our products Fees & costs Account types Learn Plain talk library Smart Investing Support Contact us FAQs Security & fraud Accessibility Forms and notices PDS and offer documents Tools and calculators Make a complaint

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us our history.html.   Our history | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main

an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsOur historyBenefit from our wealth of investment experience.From vision to Vanguard More than 45 years ago, John C. Bogle had a

vision to Vanguard More than 45 years ago, John C. Bogle had a bold vision to start an investment company that did things differently to others. A company with no shareholders. Where all profits were invested back into the company and used to lower the investment management costs for its investors.

lower the investment management costs for its investors. It was both bold and brilliant. Today, Vanguard is one of the world’s largest investment management companies. More than 30 million investors worldwide invest with us. We still have no shareholders. Which means there’s no share price to

have no shareholders. Which means there’s no share price to protect, and no profits to generate for outside owners. Our entire focus is on our investors. How we're different Vanguard, in a nutshellAustraliaOpened 1996 25+ yearsServing investors in Australia 75+FundsVanguard GlobalFounded

investors in Australia 75+FundsVanguard GlobalFounded in 1975 $10+ trillionAssets under management 400+ FundsYears in the making20212021Vanguard Personal Investor launches Auto Invest feature Making investing even easier Investing should become a regular habit. That’s why we launched

should become a regular habit. That’s why we launched Auto Invest on the Vanguard Personal Investor platform. Making automated regular investments into Vanguard managed funds and ETFs takes the guesswork out of deciding when and how often to invest. 20202020Vanguard launches Vanguard

how often to invest. 20202020Vanguard launches Vanguard Personal Investor platform Giving Australians greater control over their wealth Simple to use, easy to understand, and low cost. Vanguard Personal Investor has been designed that way to deliver the very best we have to offer and a better

that way to deliver the very best we have to offer and a better financial future for all Australians. Providing direct access to Vanguard’s low-cost managed funds, ETFs, and top Australian shares, Vanguard Personal Investor has become the investment platform of choice for many investors.

the investment platform of choice for many investors. 20192019Vanguard becomes the largest ETFs manager in Australia A decade of strong growth More and more Australian investors have discovered the benefits of using exchange traded funds to build their investment portfolio. A decade after we

to build their investment portfolio. A decade after we entered the Australian ETFs market, we became the largest ETFs manager in Australia. 20192019Vanguard expands range of actively managed funds Building our active funds range Our first offering of fundamental active management to

Our first offering of fundamental active management to Australian investors, specifically designed to offer more low-cost choice. The launch of our Manager Select Series provides exposure to global markets and employs world-leading active management talent. 20182018Vanguard unveils

active management talent. 20182018Vanguard unveils suite of ethically conscious funds Aligning to investor values We launched a range of ethically conscious funds across equities and fixed income, providing greater choice to investors wishing to reflect their values in their investment

wishing to reflect their values in their investment holdings. The funds added to our existing ESG offering, joining the Vanguard International Shares Select Exclusions Index Fund launched in November 2016. 20172017Vanguard pioneers ready-made ETF portfolios Diversified portfolios in one

ready-made ETF portfolios Diversified portfolios in one trade Another first for the Australian ETFs market. We launched a suite of four exchange traded funds designed to give Australian investors access to broadly diversified portfolios, matched to their risk profile. 20092009Vanguard

matched to their risk profile. 20092009Vanguard Australia launches ETFs in Australia Changing the way Australians invest We’re driven by new ideas and new approaches to investing – always have been. In 2009 we launched our unique exchange traded funds for Aussie investors. 20042004Vanguard

traded funds for Aussie investors. 20042004Vanguard Australia is the first fund manager to report after-tax returns True transparency When Vanguard Australia became the first fund manager in Australia to report after-tax returns, we gave our investors a clear picture of what we stood for. It

we gave our investors a clear picture of what we stood for. It might not seem like a big deal now, but when everyone else was avoiding the question, this bold commitment to transparency set us apart. 19981998Vanguard Australia launches index funds for retail investors Taking off in Australia With

funds for retail investors Taking off in Australia With 20 years of investment experience behind them, it was time for Vanguard Group to spread its wings. In 1996, they established their very first office out of the US on Aussie soil, in Melbourne. Vanguard Australia was born. And in 1998, we were

Vanguard Australia was born. And in 1998, we were ready to launch Australia’s first index funds for retail investors. 19821982Vanguard starts investing for retirement plans Super by another name In the US, 401(k) plans are employer-sponsored pension plans that work much like super in

pension plans that work much like super in Australia. Once these plans became common practice in the 80s, we started offering investments and services to help Americans save for retirement. 19761976Vanguard launches first bond index fund for individual investors in the US Changing the game for

for individual investors in the US Changing the game for individual investors From day one, we’ve been on a mission to empower individual investors. Only a year in, we launched the first index mutual fund for individual investors. In 1986, we did the same with bond index funds and in 1990 we launched

we did the same with bond index funds and in 1990 we launched the world’s first international stock index funds. 19751975Vanguard is born A bold idea comes to life On May 1, 1975, John C. Bogle brings his vision for a new kind of firm to life. Vanguard opened with 11 funds and $1.8 billion in net assets.

opened with 11 funds and $1.8 billion in net assets. Only a year later, we launched the first index mutual fund – known at Vanguard 500 Index Fund. Today, it’s one of the largest mutual funds in the world. Show more2022 | Money MagazineBest Investment Manager2022 | Money MagazineBest

Investment Manager2022 | Money MagazineBest Fixed-Interest Exchange Traded ProductAn award-winning combinationWe’re proud of our achievements and we’d love to share them with you.Vanguard has been consistently recognised as a leading provider of investment products and services in the

provider of investment products and services in the Australian market. See our awards More about VanguardOur history How we're different Our team Our awards Our principles Diversity and inclusion Our ESG approach Investment stewardship Join 30 million others worldwide investing in their

Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our

Vanguard Our history How we're different Our team Our awards Our principles Diversity & inclusion Our ESG approach Investment stewardship Invest with us About our platform About our products Fees & costs Account types Learn Plain talk library Smart Investing Support Contact us FAQs Security &

library Smart Investing Support Contact us FAQs Security & fraud Accessibility Forms and notices PDS and offer documents Tools and calculators Make a complaint GENERAL ADVICE WARNING Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and

881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee and product issuer of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted with VIA to provide

923 449 966). The Trustee has contracted with VIA to provide some services for Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively, “Vanguard”).We have not taken your or your clients' objectives,

adviser. A copy of the Target Market Determinations (TMD) for Vanguard's financial products can be obtained on our website free of charge, which includes a description of who the financial product is appropriate for. You should refer to the TMD of the product before making any investment

refer to the TMD of the product before making any investment decisions. You can access our Investor Directed Portfolio Service (IDPS) Guide, Product Disclosure Statements (PDS), Prospectus and TMD at vanguard.com.au and Vanguard Super SaveSmart and TMD at vanguard.com.au/super or by

Super SaveSmart and TMD at vanguard.com.au/super or by calling 1300 655 101. Past performance information is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. This website was prepared in good faith and we accept no liability

was prepared in good faith and we accept no liability for any errors or omissions. Important Legal Notice - Offer not to persons outside Australia The PDS, IDPS Guide or Prospectus does not constitute an offer or invitation in any jurisdiction other than in Australia. Applications from outside

other than in Australia. Applications from outside Australia will not be accepted. For the avoidance of doubt, these products are not intended to be sold to US Persons as defined under Regulation S of the US federal securities laws. © 2022 Vanguard Investments Australia Ltd. All rights reserved.

Vanguard Investments Australia Ltd. All rights reserved. Terms and conditions | Disclaimers | Privacy policy | Whistleblower policy | Accessibility | Security | Modern Slavery Statement |Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us Our History.   Our history | Vanguard

personal about us Our History.   Our history | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers

advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsOur historyBenefit from our wealth of

ViewingInvestmentsOur historyBenefit from our wealth of investment experience.From vision to Vanguard More than 45 years ago, John C. Bogle had a bold vision to start an investment company that did things differently to others. A company with no shareholders. Where all profits were invested

with no shareholders. Where all profits were invested back into the company and used to lower the investment management costs for its investors. It was both bold and brilliant. Today, Vanguard is one of the world’s largest investment management companies. More than 30 million investors

management companies. More than 30 million investors worldwide invest with us. We still have no shareholders. Which means there’s no share price to protect, and no profits to generate for outside owners. Our entire focus is on our investors. How we're different Vanguard, in a

is on our investors. How we're different Vanguard, in a nutshellAustraliaOpened 1996 25+ yearsServing investors in Australia 75+FundsVanguard GlobalFounded in 1975 $10+ trillionAssets under management 400+ FundsYears in the making20212021Vanguard Personal Investor launches Auto

making20212021Vanguard Personal Investor launches Auto Invest feature Making investing even easier Investing should become a regular habit. That’s why we launched Auto Invest on the Vanguard Personal Investor platform. Making automated regular investments into Vanguard managed funds

regular investments into Vanguard managed funds and ETFs takes the guesswork out of deciding when and how often to invest. 20202020Vanguard launches Vanguard Personal Investor platform Giving Australians greater control over their wealth Simple to use, easy to understand, and low cost.

wealth Simple to use, easy to understand, and low cost. Vanguard Personal Investor has been designed that way to deliver the very best we have to offer and a better financial future for all Australians. Providing direct access to Vanguard’s low-cost managed funds, ETFs, and top Australian

low-cost managed funds, ETFs, and top Australian shares, Vanguard Personal Investor has become the investment platform of choice for many investors. 20192019Vanguard becomes the largest ETFs manager in Australia A decade of strong growth More and more Australian investors have discovered

growth More and more Australian investors have discovered the benefits of using exchange traded funds to build their investment portfolio. A decade after we entered the Australian ETFs market, we became the largest ETFs manager in Australia. 20192019Vanguard expands range of actively

in Australia. 20192019Vanguard expands range of actively managed funds Building our active funds range Our first offering of fundamental active management to Australian investors, specifically designed to offer more low-cost choice. The launch of our Manager Select Series provides

choice. The launch of our Manager Select Series provides exposure to global markets and employs world-leading active management talent. 20182018Vanguard unveils suite of ethically conscious funds Aligning to investor values We launched a range of ethically conscious funds across equities

a range of ethically conscious funds across equities and fixed income, providing greater choice to investors wishing to reflect their values in their investment holdings. The funds added to our existing ESG offering, joining the Vanguard International Shares Select Exclusions Index Fund

International Shares Select Exclusions Index Fund launched in November 2016. 20172017Vanguard pioneers ready-made ETF portfolios Diversified portfolios in one trade Another first for the Australian ETFs market. We launched a suite of four exchange traded funds designed to give Australian

of four exchange traded funds designed to give Australian investors access to broadly diversified portfolios, matched to their risk profile. 20092009Vanguard Australia launches ETFs in Australia Changing the way Australians invest We’re driven by new ideas and new approaches to investing –

We’re driven by new ideas and new approaches to investing – always have been. In 2009 we launched our unique exchange traded funds for Aussie investors. 20042004Vanguard Australia is the first fund manager to report after-tax returns True transparency When Vanguard Australia became the first

transparency When Vanguard Australia became the first fund manager in Australia to report after-tax returns, we gave our investors a clear picture of what we stood for. It might not seem like a big deal now, but when everyone else was avoiding the question, this bold commitment to transparency set

the question, this bold commitment to transparency set us apart. 19981998Vanguard Australia launches index funds for retail investors Taking off in Australia With 20 years of investment experience behind them, it was time for Vanguard Group to spread its wings. In 1996, they established their

Group to spread its wings. In 1996, they established their very first office out of the US on Aussie soil, in Melbourne. Vanguard Australia was born. And in 1998, we were ready to launch Australia’s first index funds for retail investors. 19821982Vanguard starts investing for retirement plans

19821982Vanguard starts investing for retirement plans Super by another name In the US, 401(k) plans are employer-sponsored pension plans that work much like super in Australia. Once these plans became common practice in the 80s, we started offering investments and services to help Americans

offering investments and services to help Americans save for retirement. 19761976Vanguard launches first bond index fund for individual investors in the US Changing the game for individual investors From day one, we’ve been on a mission to empower individual investors. Only a year in, we

mission to empower individual investors. Only a year in, we launched the first index mutual fund for individual investors. In 1986, we did the same with bond index funds and in 1990 we launched the world’s first international stock index funds. 19751975Vanguard is born A bold idea comes to life On

funds. 19751975Vanguard is born A bold idea comes to life On May 1, 1975, John C. Bogle brings his vision for a new kind of firm to life. Vanguard opened with 11 funds and $1.8 billion in net assets. Only a year later, we launched the first index mutual fund – known at Vanguard 500 Index Fund. Today, it’s

mutual fund – known at Vanguard 500 Index Fund. Today, it’s one of the largest mutual funds in the world. Show more2022 | Money MagazineBest Investment Manager2022 | Money MagazineBest Fixed-Interest Exchange Traded ProductAn award-winning combinationWe’re proud of our achievements and

combinationWe’re proud of our achievements and we’d love to share them with you.Vanguard has been consistently recognised as a leading provider of investment products and services in the Australian market. See our awards More about VanguardOur history How we're different Our team Our awards

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us our principles.   Our principles | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main

an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsOur principlesFour steps to help you focus on the factors within your controlVanguard’s principles for investing success

controlVanguard’s principles for investing success   Your roadmap to successful investing is based on four simple principles.   Set your goals Create investment goals that are measurable, attainable, and have a long-term focus. Buying a car. Helping your kids to get a good education. Enjoying

a car. Helping your kids to get a good education. Enjoying a rewarding retirement. It’s important to plan your goals whenever you invest. Without a plan, it’s easy to get distracted. You can end up trying to time when to buy or sell, chasing market returns, and missing out on long-term gains. With a

market returns, and missing out on long-term gains. With a plan, you always know where you’re heading. That way, you can stay focused on your future goals. You can spread your investments across a wide range of assets. You can choose whether you’re aiming to track or beat the markets. You can

whether you’re aiming to track or beat the markets. You can rebalance your investments regularly to stay on track. And you can make sure you don’t pay more in investment fees than you need to. So whether it’s buying a car, education expenses, or a comfortable retirement, you’ll have a better chance

or a comfortable retirement, you’ll have a better chance of achieving investment success if you keep your eyes on your goals at all times. Stay well balanced Your investment strategy should be aligned to your goals and well diversified across a mix of different types of assets to help reduce risk.

a mix of different types of assets to help reduce risk. Let’s face it, there’s no guarantee any investment doing well this year will do well next year. In fact, the best-performing asset type one year can sometimes be the worst-performer in the following. Successful investing benefits from having

the following. Successful investing benefits from having a good balance. Rather than trying to pick the winning investment each year, spreading your investments across a wide variety of assets will help reduce the risk of loss. Investors who are well diversified tend to enjoy a smoother

Investors who are well diversified tend to enjoy a smoother investment ride over the long term. Minimise your costs When it comes to investing, every dollar you pay in costs is a dollar out of your future returns. If you focus on low-cost products it will help increase your results over time. It’s

products it will help increase your results over time. It’s quite simple really. While you can’t control what happens on markets, there’s one very important thing that you can control. That’s the amount you pay in fees to invest. In fact, when you’re investing, you get what you don’t pay for. Every

when you’re investing, you get what you don’t pay for. Every dollar that you don’t have to pay in fees and costs is a dollar more in your pocket. In other words, the lower your costs the greater your share of an investment’s return. A few percentage points here or there may not seem much. But over time,

points here or there may not seem much. But over time, thanks to the magic of compounding, this can really add up. Fast forward a few years and you can find it translates into thousands of dollars less in your final investment. Maintain your perspective With constant market news, it can be tempting to

With constant market news, it can be tempting to make impulsive investment decisions. Discipline and perspective can help you remain committed to your long-term goals. Fear. Greed. Panic. People don’t always behave rationally, especially when it comes to money.  When markets go down it’s

when it comes to money.  When markets go down it’s tempting to run for the safety of lower-risk investments, but then you can easily end up missing out on the rebound. And when markets go up, it’s tempting to start chasing returns and moving more money into well-performing investments. Making

more money into well-performing investments. Making short-term decisions on the basis of daily market ups and downs can make it harder to reach your long-term goals. Despite bumps along the way, investors with the patience and discipline to stay the course are well rewarded over the long term.

to stay the course are well rewarded over the long term. More about VanguardOur history How we're different Our team Our awards Our principles Diversity and inclusion Our ESG approach Investment stewardship Join 30 million others worldwide investing in their futureOpening a Vanguard Personal

investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles Diversity &

different Our team Our awards Our principles Diversity & inclusion Our ESG approach Investment stewardship Invest with us About our platform About our products Fees & costs Account types Learn Plain talk library Smart Investing Support Contact us FAQs Security & fraud Accessibility Forms and

Contact us FAQs Security & fraud Accessibility Forms and notices PDS and offer documents Tools and calculators Make a complaint GENERAL ADVICE WARNING Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal

is the product issuer and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee and product issuer of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted with VIA to provide some services for Vanguard Super.

with VIA to provide some services for Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively, “Vanguard”).We have not taken your or your clients' objectives, financial situation or needs into

clients' objectives, financial situation or needs into account when preparing our website content so it may not be applicable to the particular situation you are considering. You should consider your objectives, financial situation or needs, and the disclosure documents for the product

or needs, and the disclosure documents for the product before making any investment decision. Before you make any financial decision regarding the product, you should seek professional advice from a suitably qualified adviser. A copy of the Target Market Determinations (TMD) for Vanguard's

of the Target Market Determinations (TMD) for Vanguard's financial products can be obtained on our website free of charge, which includes a description of who the financial product is appropriate for. You should refer to the TMD of the product before making any investment decisions. You can

product before making any investment decisions. You can access our Investor Directed Portfolio Service (IDPS) Guide, Product Disclosure Statements (PDS), Prospectus and TMD at vanguard.com.au and Vanguard Super SaveSmart and TMD at vanguard.com.au/super or by calling 1300 655 101. Past

Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us our team.   Our team | Vanguard Australia

personal about us our team.   Our team | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard

Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsOur leadership team Board of DirectorsDaniel

leadership team Board of DirectorsDaniel ShrimskiPrincipal, Managing Director, Vanguard Australia Learn more John BendlPrincipal, Funds CFO and Chief Accounting Officer, The Vanguard Group Learn more Curt JacquesHead of Risk Management, Vanguard Australia Learn more Kim PetersenChief

Vanguard Australia Learn more Kim PetersenChief Information Officer, International Division, The Vanguard Group Learn more Australian Executive TeamDaniel ShrimskiManaging Director Learn more Balaji GopalHead of Personal Investor Learn more Michael LovettHead of Superannuation

Investor Learn more Michael LovettHead of Superannuation Learn more Robin BowermanHead of Corporate Affairs Learn more Louise EyresHead of Marketing Learn more Duncan BurnsHead of Investments, Asia-Pacific and Head of Equity Index Group, Asia Pacific Learn more Johanna PlattChief

Index Group, Asia Pacific Learn more Johanna PlattChief Financial Officer Learn more Evan ReedmanHead of Product Learn more Curt JacquesHead of Risk Management Learn more Maxim TamblingHead of Human Resources Learn more More about VanguardOur history How we're different Our team Our awards

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us our team balaji gopal.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main

an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsBalaji GopalHead of Personal InvestorAbout BalajiBalaji Gopal is Head of Personal Investor at Vanguard Australia, and a

is Head of Personal Investor at Vanguard Australia, and a member of Vanguard's Australian executive team. In this role, Balaji leads Vanguard Australia's retail business, including the digital platform that allows Australian investors to take greater control of their investment portfolio.

to take greater control of their investment portfolio. Prior to taking on his current role in July 2020, Balaji served as Vanguard Australia's Head of Product Strategy, where he led the team responsible for long-term product planning, research, development and implementation.

planning, research, development and implementation. BackgroundExperience Balaji has extensive experience working across government, financial services, investment, and management consulting. Prior to joining Vanguard he held senior positions at the Australia and New Zealand Banking

senior positions at the Australia and New Zealand Banking Group Limited (ANZ). Education & qualifications Balaji holds a Bachelor of Commerce and Computing from Osmania University (India), along with a Masters in Applied Science (Computing) from RMIT University and a Masters in Applied

(Computing) from RMIT University and a Masters in Applied Finance from Macquarie University. More about VanguardOur history How we're different Our team Our awards Our principles Diversity and inclusion Our ESG approach Investment stewardship Join 30 million others worldwide investing in

stewardship Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us our team curt jacques.    | Vanguard Australia

about us our team curt jacques.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global

investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsCurt JacquesHead of Risk ManagementAbout CurtCurt Jacques is the

of Risk ManagementAbout CurtCurt Jacques is the Head of Risk Management at Vanguard Australia and a member of the executive leadership team. In this role, Curt is responsible for overseeing and enhancing Vanguard's risk capability to support a continued focus on serving individual investors

support a continued focus on serving individual investors and their advisers. BackgroundExperience Curt has spent the majority of his nearly 20 year career in risk roles at PricewaterhouseCoopers (PwC), and most recently at Macquarie Group. At Macquarie, Curt was responsible for leading a

Group. At Macquarie, Curt was responsible for leading a risk transformation program to enhance risk frameworks and systems across all lines of defence. During his time at PwC, Curt worked with asset managers and global banks to enhance their risk programs and frameworks. Education &

to enhance their risk programs and frameworks. Education & qualifications Curt has a B.S. in Business Administration from Babson College, Massachusetts, and holds Certified Public Accountant (CPA) and Certified Information Systems Auditor (CISA). More about VanguardOur history How we're

Auditor (CISA). More about VanguardOur history How we're different Our team Our awards Our principles Diversity and inclusion Our ESG approach Investment stewardship Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it

where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us our team daniel shrimski.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run

Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsDaniel ShrimskiManaging Director, Vanguard Investments AustraliaAbout DanielDaniel Shrimski is the

Investments AustraliaAbout DanielDaniel Shrimski is the Managing Director of Vanguard Australia. Daniel Shrimski is the Managing Director of Vanguard Australia. In this role, Daniel is responsible for all aspects of the management, distribution, and operation of Vanguard's Australian

distribution, and operation of Vanguard's Australian business. Daniel joined Vanguard Australia in 2011 as the company's Chief Financial Officer. He moved to the U.S. in January 2017 to become the divisional CFO of the U.S. Retail Investor Group, which comprises over $US2 trillion in AUM and

Group, which comprises over $US2 trillion in AUM and more than 7 million retail investors. Most recently, he was CFO of Vanguard's International business and a member of the International Leadership Team. BackgroundExperience Daniel has a wealth of financial services experience in both

has a wealth of financial services experience in both Australia and the U.S. Prior to Vanguard, he spent 11 years at GE across Australia, the U.S. and the Netherlands where, amongst other roles, he was a Finance Director within GE Capital Australia's consumer finance division. Education &

Australia's consumer finance division. Education & qualifications Daniel has a Bachelor of Commerce from Monash University and is a member of the Institute of Chartered Accountants. More about VanguardOur history How we're different Our team Our awards Our principles Diversity and

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us our team duncan burns.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main

an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsDuncan BurnsHead of Investments, Asia-Pacific and Head of Equity Index Group Asia PacificAbout DuncanDuncan Burns is the

Index Group Asia PacificAbout DuncanDuncan Burns is the Head of Investments and Head of Equity Index Group for Asia-Pacific at Vanguard Australia. He is also a member of the Australian executive team. In these roles, Duncan leads Vanguard's experienced team of investment management and

Vanguard's experienced team of investment management and strategy professionals in Australia and Asia. He also oversees the management of Vanguard's Australian and global equity index portfolios and the firm's trading operations in the Asia-Pacific region. Duncan brings to the team more

in the Asia-Pacific region. Duncan brings to the team more than 20 years of equity trading and investment management expertise, focusing on quant active investing, electronic trading, algorithmic strategies, market microstructure and transaction cost analysis. BackgroundExperience

and transaction cost analysis. BackgroundExperience Before joining Vanguard in 2013, Duncan worked for seven years at Jacobs Levy Equity Management, a US provider of quantitative equity strategies for institutional clients. Duncan started his career on Wall Street in 1996, working at

Duncan started his career on Wall Street in 1996, working at Donaldson, Lufkin & Jenrette (DLJ) where he spent a number of years managing the agency trading desk of DLJ's retail brokerage arm, DLJdirect. Education & qualifications Duncan holds a Bachelor of Arts in Economics from Lafayette

Duncan holds a Bachelor of Arts in Economics from Lafayette College and an MBA from the Yale School of Management. He is a CFA Charterholder and is a member of the New York Society of Securities Analysts. More about VanguardOur history How we're different Our team Our awards Our principles

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us our team evan reedman.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main

an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsEvan ReedmanHead of ProductAbout EvanEvan Reedman is Head of Product and a member of Vanguard Australia's Executive team. In

and a member of Vanguard Australia's Executive team. In this role, Evan leads the teams responsible for the development, management and promotion of Vanguard's range of managed and exchange traded funds. BackgroundExperience Prior to taking on his current role, Evan was National Manager

to taking on his current role, Evan was National Manager Asset Consultants, where he was responsible for managing Vanguard's relationship with key institutional investment consultants. Evan has extensive experience in the investment industry, and prior to joining Vanguard he held the roles

industry, and prior to joining Vanguard he held the roles of Head of Consultant Relations Asia Pacific at Credit Suisse Asset Management, Director, Lifecycle Strategies at QIC, and Consultant and Head of Portfolio Construction Research at JANA Investment Advisers. Education &

Research at JANA Investment Advisers. Education & qualifications Evan holds a Bachelor of Business with First Class Honours from QUT and was awarded the QUT University Medal for Academic Excellence in 2004. Evan is a Fellow of the Financial Services Institute of Australasia, a Graduate Member

Services Institute of Australasia, a Graduate Member of the Australian Institute of Company Directors, a member of the Investment Management Consultants Association and holds a voluntary position as Director of Melbourne East Disability Advocacy. More about VanguardOur history How we're

Advocacy. More about VanguardOur history How we're different Our team Our awards Our principles Diversity and inclusion Our ESG approach Investment stewardship Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less

our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us our team johanna platt.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main

an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsJohanna PlattChief Financial OfficerAbout JohannaJohanna Platt is Chief Financial Officer for Vanguard Australia and a

is Chief Financial Officer for Vanguard Australia and a member of the Australian Executive Team. In this role, Johanna is focused on Vanguard's financial operations at both a management and statutory level. She also leads the operational teams responsible for providing fund accounting,

teams responsible for providing fund accounting, administration and transfer agency services for Vanguard's managed funds, exchange traded funds, and separately managed products. BackgroundExperience Prior to joining Vanguard in July 2017, Johanna gained more than 20 years of

Vanguard in July 2017, Johanna gained more than 20 years of experience across the consumer goods, logistics and retail sectors, and in her most recent role was Iron Mountain's Chief Financial Officer for Australia and New Zealand. Education & qualifications Johanna is a Certified Practicing

& qualifications Johanna is a Certified Practicing Accountant, a Graduate of the Australian Institute of Company Directors, and holds a Bachelor of Chemical Engineering from the University of Sydney and a Masters of Business Administration from the Melbourne Business School. More about

from the Melbourne Business School. More about VanguardOur history How we're different Our team Our awards Our principles Diversity and inclusion Our ESG approach Investment stewardship Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account

their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles Diversity & inclusion Our

team Our awards Our principles Diversity & inclusion Our ESG approach Investment stewardship Invest with us About our platform About our products Fees & costs Account types Learn Plain talk library Smart Investing Support Contact us FAQs Security & fraud Accessibility Forms and notices PDS and

Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us our team john bendl.    | Vanguard Australia

personal about us our team john bendl.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard

Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsJohn BendlPrincipal, Funds CFO and Chief

BendlPrincipal, Funds CFO and Chief Accounting Officer, The Vanguard GroupAbout JohnJohn Bendl is a Principal and Vanguard's Funds CFO and Chief Accounting Officer responsible for leading the enterprise treasury, fund and corporate accounting, financial reporting and policy as well as our

accounting, financial reporting and policy as well as our internal controls over financial reporting program. BackgroundExperience Mr. Bendl joined Vanguard in December 2016 and was previously an audit partner at KPMG in New York City. During his 24-year career at KPMG, he served as an audit

During his 24-year career at KPMG, he served as an audit partner on asset management, banking, capital markets, and insurance clients. While at KPMG, Mr. Bendl also served a two year international assignment in Prague, Czech Republic. Education & qualifications Mr. Bendl earned a B.S. in

Education & qualifications Mr. Bendl earned a B.S. in business administration from West Virginia University and is a Certified Public Accountant as well as a member of the PCAOB Standing Advisory Group. More about VanguardOur history How we're different Our team Our awards Our principles

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us our team kim petersen.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main

an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsKim PetersenChief Information Officer, International Division, The Vanguard GroupAbout KimKim Petersen is Chief

The Vanguard GroupAbout KimKim Petersen is Chief Information Officer, International Division for Vanguard. In this role, Kim is responsible for the delivery of technology solutions for Vanguard's international businesses, as well as IT governance, innovation, and technology strategy.

as IT governance, innovation, and technology strategy. BackgroundExperience Prior to commencing this role in September 2021, Kim was CIO, Asia Pacific for Vanguard Australia. Kim has over 20 years of Information Technology experience in roles held across the automotive industry. Before

in roles held across the automotive industry. Before joining Vanguard, Kim was IT Infrastructure and Operations Manager at Jetstar Australia where she led the teams in charge of end user computing, service management, data centre and cloud, networks, and cyber security operations. Education

networks, and cyber security operations. Education & qualifications Kim holds a Bachelor of Information Technology from Swinburne University and a Masters of Business Administration and Management from RMIT. More about VanguardOur history How we're different Our team Our awards Our

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us our team louise eyres.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main

an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsLouise EyresHead of MarketingAbout LouiseLouise Eyres is Head of Marketing and a member of Vanguard Australia's Executive

Marketing and a member of Vanguard Australia's Executive team. In this role, Louise leads the teams responsible for developing and implementing marketing plans and programs for Vanguard funds and services in the Australian market. BackgroundExperience Prior to commencing this role in

BackgroundExperience Prior to commencing this role in December 2019, Louise was Chief Marketing Officer at Sport Australia where she developed a new function responsible for marketing, brand strategy and experience, customer insights, digital strategy, media communications, and

insights, digital strategy, media communications, and commercial partnerships. Louise also held a series of leadership roles at ANZ, including leading the global marketing team as Group GM of Marketing and commenced her marketing career at BHP. Education & qualifications Louise holds a

career at BHP. Education & qualifications Louise holds a Bachelor of Business (Marketing) from the University of South Australia, a Graduate Diploma International Business from Monash University, and an MBA (Executive) from UNSW Business School. More about VanguardOur history How we're

Business School. More about VanguardOur history How we're different Our team Our awards Our principles Diversity and inclusion Our ESG approach Investment stewardship Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it

where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us our team maxim tambling.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this

Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsMaxim TamblingHead of Human ResourcesAbout MaximMaxim Tambling is Head of Human Resources at Vanguard

MaximMaxim Tambling is Head of Human Resources at Vanguard Australia and a member of the Australian Executive Team. In this role, Maxim is responsible for enhancing and embedding talent, leadership and cultural frameworks in addition to managing employee relations, corporate training,

to managing employee relations, corporate training, recruitment, remuneration and benefits. BackgroundExperience Prior to commencing this role in November, 2019, Maxim gained over 18 years of experience as a leader and professional in the field of Human Resources, working for a number of

in the field of Human Resources, working for a number of domestic and global organisations in Australia and the United Kingdom including AMP, Thompson Reuters, General Electric and AXA Asia-Pacific. Education & qualifications Maxim holds a Bachelor of Arts in Psychology from the University of

a Bachelor of Arts in Psychology from the University of Tasmania, and a Masters of Business Administration from Deakin University. More about VanguardOur history How we're different Our team Our awards Our principles Diversity and inclusion Our ESG approach Investment stewardship Join 30

inclusion Our ESG approach Investment stewardship Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy

our respects to their Elders past, present and emerging. d.com.au personal about us our team michael lovett.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation

account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsMichael LovettHead of SuperannuationAbout MichaelMichael Lovett is Principal and leading Vanguard Australia's superannuation offer and a member of the Australian Executive Team. In this role, Michael is

of the Australian Executive Team. In this role, Michael is responsible for building and developing Vanguard Australia's superannuation offer. Prior to commencing in this role, Michael was head of the registered investment adviser channel at Vanguard's head office in the US, and was part of the

at Vanguard's head office in the US, and was part of the Financial Advisory Services Executive team. BackgroundExperience Michael has extensive experience in the financial services industry holding senior leadership roles with Challenger and HSBC Asset Management. Education &

with Challenger and HSBC Asset Management. Education & qualifications Michael has completed a Graduate Diploma of Applied Finance from Finsia and holds a Bachelor of Commerce majoring in Economics and Finance from Deakin University. More about VanguardOur history How we're different Our

More about VanguardOur history How we're different Our team Our awards Our principles Diversity and inclusion Our ESG approach Investment stewardship Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10

Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles Diversity & inclusion Our ESG approach Investment stewardship

& inclusion Our ESG approach Investment stewardship Invest with us About our platform About our products Fees & costs Account types Learn Plain talk library Smart Investing Support Contact us FAQs Security & fraud Accessibility Forms and notices PDS and offer documents Tools and calculators

and notices PDS and offer documents Tools and calculators Make a complaint GENERAL ADVICE WARNING Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS

our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal about us our team robin bowerman.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main

an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsRobin BowermanHead of Corporate AffairsAbout RobinRobin Bowerman is the Principal, Head of Corporate Affairs at Vanguard

is the Principal, Head of Corporate Affairs at Vanguard and a member of Vanguard's executive team. In his current role, Robin leads the corporate communications and government relations functions of the business and plays a key role in Vanguard's long-term strategy development. Robin joined

Vanguard's long-term strategy development. Robin joined Vanguard in 2003 as Head of Retail and played a pivotal role in the growth of Vanguard's retail business and the products and services offered to financial advisers and retail investors, as well as overseeing retail sales and marketing.

as well as overseeing retail sales and marketing. Robin is a key spokesperson and experienced presenter for Vanguard, with expertise in investor education, funds management, self managed super funds, product development, industry and regulatory affairs related topics.

industry and regulatory affairs related topics. BackgroundExperience Prior to joining Vanguard, Robin had a distinguished career in the media and was a leading financial services writer, commentator and editor for over 15 years. He continues to be editor of Vanguard's core client

years. He continues to be editor of Vanguard's core client publications including writing a weekly column with more than 50,000 readers. In 2002, Robin co-authored the book Wealth of Experience, with Jeremy Duffield, Vanguard Australia's ex-Chairman and founder. Robin also serves as Vice

ex-Chairman and founder. Robin also serves as Vice Chairman of the SMSF Association. More about VanguardOur history How we're different Our team Our awards Our principles Diversity and inclusion Our ESG approach Investment stewardship Join 30 million others worldwide investing in their

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal content dam intl australia shared documents

personal content dam intl australia shared documents policies and legal auswhistleblowerpolicyDec2021.pdf. d.com.au personal education centre en education guides.   Smart Investing | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main

an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsSmart investingTMStay up to date with our latest articles on investment and finance. Subscribe All The basics Investing

and finance. Subscribe All The basics Investing strategy Build your portfolio ETFs ESG Markets & economy Retirement Life events 7 min readWhy more ETF investors are backing bonds ETFs The heavy inflows into bond ETFs comes down to two key factors. Learn more 6 min readNew year, new investing

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Read Vanguard's economic outlook and investment returns forecasts for 2023. Learn more 4 minBeating back inflation, but at what cost? Markets and economy In this short video, Vanguard’s global chief economist, Joe Davis, discusses what’s a Learn more 6 min readEnduring lessons from Smart

what’s a Learn more 6 min readEnduring lessons from Smart Investors understand the basics Here are the most frequently asked questions from Smart Investing readers in 2022. Learn more 7 min read2022 by the numbers Markets and economy How have share markets around the world performed this year?

have share markets around the world performed this year? And what investment... Learn more 7 min readA review of the last two decades in investing Markets and economy Robin Bowerman, Head of Corporate Affairs and Editor of Smart Investing, is... Learn more 7 min readAn investment gift for growing

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to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal en accessibility.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard

main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About

us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsAccessibilityEnsuring all investors can access our financial products and services.Our commitment to accessibilityVanguard's mission is to take a stand for all investors,

mission is to take a stand for all investors, to treat them fairly and to give them the best chance for investment success. With diversity and inclusiveness among our core values, we are committed to ensuring that individuals with disabilities can access our products and services. As part of this

can access our products and services. As part of this commitment, we build our websites for the widest possible audience, regardless of technology or ability. We are always working to increase the accessibility and usability of our websites and, in doing so, adhere to many of the available

websites and, in doing so, adhere to many of the available standards and guidelines. We have adopted the Web Content Accessibility Guidelines (WCAG) Level A and AA for web and mobile. Support Should you experience any difficulty in accessing our website, please don’t hesitate to contact us.

our website, please don’t hesitate to contact us. While Vanguard strives to adhere to the accepted guidelines and standards for accessibility and usability, it is not always possible to do so in all areas of the website. Should you experience any difficulty in accessing Vanguard's websites,

any difficulty in accessing Vanguard's websites, please don’t hesitate to contact us on 1300 655 101 (select option 3). We're available Monday to Friday, 8am to 6pm (AET). You can also email us on accessibility_au@vanguard.com. Vanguard logoConnect with

Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles Diversity & inclusion Our ESG approach Investment stewardship Invest with us About our platform About our products Fees & costs Account types Learn

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WARNING Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee and product issuer of Vanguard Super (ABN 27 923

the trustee and product issuer of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted with VIA to provide some services for Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively,

subsidiaries of The Vanguard Group, Inc (collectively, “Vanguard”).We have not taken your or your clients' objectives, financial situation or needs into account when preparing our website content so it may not be applicable to the particular situation you are considering. You should

and should not be relied upon as, and is not, an indication of future performance. This website was prepared in good faith and we accept no liability for any errors or omissions. Important Legal Notice - Offer not to persons outside Australia The PDS, IDPS Guide or Prospectus does not constitute an

to be sold to US Persons as defined under Regulation S of the US federal securities laws. © 2022 Vanguard Investments Australia Ltd. All rights reserved. Terms and conditions | Disclaimers | Privacy policy | Whistleblower policy | Accessibility | Security | Modern Slavery Statement |Vanguard

| Security | Modern Slavery Statement |Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past,

culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal en personal investor.   Vanguard Australia Personal Investor | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments ,

run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an

About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments $0 brokerage when you buy Vanguard ETFsWith Personal Investor we keep your costs low so you can invest more in your future. Open an account View products Why

more in your future. Open an account View products Why us?Invest from as little as $200 Make regular investments from $200 using Auto Invest for Vanguard managed funds and ETFs, or one-off investments from $500.A low-cost and easy way to diversify Choose from a wide range of Vanguard managed funds

Choose from a wide range of Vanguard managed funds and ETFs, including our ready-made portfolios, and the top ASX direct shares. Open an account in less than 10 minutes Start building your portfolio by opening a Vanguard Personal Investor Account*. It’s simple to invest and manage your

Investor Account*. It’s simple to invest and manage your investments online.45+ years of global investment experience Access specialist expertise from a company managing over $10 trillion of assets with 30 million investors worldwide. Open an account Learn more *Fees and costs apply Choose

Open an account Learn more *Fees and costs apply Choose your investment pathBuild your investment portfolio, your way.Select a ready-made portfolioNot sure where to start? We've designed a suite of ready-made diversified investment portfolios to make your investing journey as easy as

portfolios to make your investing journey as easy as possible. View ready-made portfolios Browse all investment optionsBrowse our wide range of Vanguard managed funds and ETFs, or ASX direct shares. View all investment options A platform you’ll love using Your investing should be easy to do.

you’ll love using Your investing should be easy to do. We’ve made it that way. Invest with confidence Build and review your investment portfolio, trade, and access all your statements and reports. Invest on the go with the Vanguard app, available from the App Store or Google Play. Learn about our

available from the App Store or Google Play. Learn about our platform Invest regularly with Auto Invest Making regular investment contributions to your portfolio can have a powerful impact on your long-term returns. Set up regular automated investments from just $200 into Vanguard managed

investments from just $200 into Vanguard managed funds and ETFs. Learn how to Auto Invest Invest for your kids Help grow your child's wealth over the long term with a Personal Investor Kids Account. Start investing regularly for them today from as little as $25 per fortnight, month or quarter.

today from as little as $25 per fortnight, month or quarter. Learn about our Kids Account Start investing in three easy stepsOpen a Vanguard Personal Investor Account today.Open accountIt takes less than 10 minutes. You’ll need your identification ready. Choose your productsChoose from a wide

ready. Choose your productsChoose from a wide range of Vanguard managed funds and ETFs, including our ready-made portfolios, and the top ASX direct shares. Start investingStart investing today with just $200 using Auto Invest into Vanguard managed funds and ETFs, or make one-off investments

managed funds and ETFs, or make one-off investments from $500. Open an account Learn more Explore a future with Vanguard Super Vanguard Super offers Australians a simpler, smarter option when it comes to their financial future. Enjoy expertly designed products and low cost philosophy that

expertly designed products and low cost philosophy that works hard for you. Choose from flexible investment options to suit every type of investor. Experience a simple and intuitive approach that keeps you in control. Explore Vanguard Super Latest articles What to expect in 2023 5 min read

Super Latest articles What to expect in 2023 5 min read Markets and economy Read Vanguard's economic outlook and investment returns forecasts for 2023. Read more Why more ETF investors are backing bonds 7 min read ETFs The heavy inflows into bond ETFs comes down to two key factors. Read more New

into bond ETFs comes down to two key factors. Read more New year, new investing habits 6 min read The basics The new year is a great time to get into financial shape. Here's some simple steps to develop new investing habits. Read more 2022 | CanstarProvider of the Year - Exchange Traded FundsAwarded

of the Year - Exchange Traded FundsAwarded 2020-2022Investing in your successWe’ve been recognised year after year as one of Australia’s leading investment companies.Our commitment to excellence and expertise in the investment industry has earned us more than 40 awards in Australia over the

has earned us more than 40 awards in Australia over the last decade.   See our awards Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with

to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal en privacy.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia

Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsVanguard Australia Privacy Policy1. Our commitment to you Vanguard Australia is committed to maintaining the privacy of the personal and financial data we hold.  We recognise that your

and financial data we hold.  We recognise that your relationship with us is based on trust, and that you expect us to act responsibly towards you.   This Joint Privacy Policy (“Policy”) sets out further detail about Vanguard Australia’s approach to handling personal information. This Policy

approach to handling personal information. This Policy covers the obligations of Vanguard Investments Australia Ltd and Vanguard Super Pty Ltd (together, Vanguard Australia) under the Privacy Act 1988 (Cth).  2. Introduction Vanguard Investments Australia Ltd and Vanguard Super Pty Ltd

Investments Australia Ltd and Vanguard Super Pty Ltd ("Vanguard Australia," "we," or "us") value the privacy and security of information about Vanguard Australia's clients, members and potential investors. Vanguard Australia may collect and retain certain information in order to provide a

and retain certain information in order to provide a variety of financial products and services to our customers, including investment management, superannuation and financial advice. In this Policy, we describe how Vanguard Australia collects, uses, and discloses information. By

Australia collects, uses, and discloses information. By visiting or using the websites operated by Vanguard Australia that link to this Policy (the "Sites") or otherwise providing information to Vanguard Australia, you consent to the collection, processing, use, and disclosure of

to the collection, processing, use, and disclosure of information about you as set out in this Policy, including transfers to third parties and other countries. Your use of our services and the Sites, and any dispute over privacy, is subject to this Policy and our Terms and Conditions of Use,

subject to this Policy and our Terms and Conditions of Use, including applicable limitations on damages and the resolution of disputes. Depending on which parts of the Sites you access, the information that we collect is controlled by: Vanguard Investments Australia Ltd; and/or Vanguard

by: Vanguard Investments Australia Ltd; and/or Vanguard Super Pty Ltd, which are both headquartered at Level 13, 130 Lonsdale Street, Melbourne VIC 3000. This information also may be collected by or transferred to, and therefore controlled by, The Vanguard Group, Inc., which is headquartered

by, The Vanguard Group, Inc., which is headquartered in the United States at 100 Vanguard Boulevard, Malvern, Pennsylvania 19355-2331. As discussed below in the section titled "Cross-Border Transfer of Information," information that we collect may be transferred to and processed in

that we collect may be transferred to and processed in Australia and the United States, or another jurisdiction outside Australia which may have less stringent data protection laws than in Australia. To the extent permitted by law, we will not be responsible for the conduct of any parties to whom

not be responsible for the conduct of any parties to whom we disclose your personal information outside Australia, and you may not be able to seek redress.  3. Information Collection Vanguard Australia may collect, process, use, and disclose Personal Information, Sensitive Information and

Personal Information, Sensitive Information and Other Information when we provide a service to you (including opening an account, engaging in a transaction, speaking with us on the telephone, providing us with your business card or registering to attend an event) or in connection with your use

to attend an event) or in connection with your use of the Sites. For the purposes of this Policy, "Personal Information" is any information that alone or together with other information in Vanguard Australia's possession relates to an identified or identifiable person, such as name, phone

an identified or identifiable person, such as name, phone number, e-mail address, financial account information, and online account information such as username and password. “Sensitive Information” is any information which we ask for your consent to provide, such as health information

ask for your consent to provide, such as health information when you apply for insurance cover through superannuation. "Other Information" is any additional information that is not Personal Information or Sensitive Information. In this section, we describe our information-collection

In this section, we describe our information-collection practices, including the types of Personal, Sensitive and Other Information that we collect. In subsequent sections of this Policy, we describe how we use and disclose Personal, Sensitive and Other Information. We may combine the

Sensitive and Other Information. We may combine the Personal, Sensitive and Other Information with information collected from or about you from third parties or in other contexts. This may include information collected online, such as through our e-mail exchanges with you; from publicly

as through our e-mail exchanges with you; from publicly available sources, such as your company website if you are a financial adviser; from the registrar for our exchange-traded funds so that we can provide information about products or services that may be of benefit; or from offline sources,

or services that may be of benefit; or from offline sources, such as information that we collect when you establish your account with us, or from our insurer or administrator (if applicable), or our call customer service. We will treat such combined information in accordance with this Policy. If

combined information in accordance with this Policy. If you do not wish to provide information to Vanguard Australia, we may be unable to provide certain services to you.  We usually collect Personal Information and Sensitive Information directly from you, with your consent, however it may be

directly from you, with your consent, however it may be collected from third parties such as your employer in the case of your superannuation account. Where it has been determined that we have received unsolicited Personal or Sensitive Information, as soon as reasonably practicable, we will

Information, as soon as reasonably practicable, we will destroy or de-identify that information if it is lawful and reasonable to do so. Some personal information is collected, used, and disclosed pursuant to applicable laws including laws relating to identification verification, tax

laws relating to identification verification, tax reporting and withholding, and money laundering (e.g. in Australia, the Anti-Money Laundering and Counter-Terrorism Financing Act, Taxation Administration Act, Corporations Act, Income Tax Assessment Act, Privacy Act and the

Act, Income Tax Assessment Act, Privacy Act and the Superannuation Industry (Supervision) Act 1993. 3.1 Personal Information we collect  Vanguard Australia may collect the following Personal Information from or about you: Personal Information we collect directly from you, such as when you

Information we collect directly from you, such as when you register to use the Sites or request information from us: Vanguard Australia may collect and maintain Personal Information about you, and about any person or entity on whose behalf you are acting, that you provide to us on the Sites, such

you are acting, that you provide to us on the Sites, such as when you register to use the Sites, obtain a product or service from Vanguard Australia, request information or materials from us, or otherwise interact with us. The types of Personal Information we collect vary based on your particular

Information we collect vary based on your particular interaction with us, but could include: Your name, company name, and primary role or title; Postal mailing address; Telephone numbers; E-mail address; Account number and other account information; User name, password, PIN, and answers to

information; User name, password, PIN, and answers to security questions; and Other information you provide to us directly online, such as information collected for identification or authentication purposes. Personal Information for your account: Depending on the type of account, and to

for your account: Depending on the type of account, and to the extent permitted by law, we may collect the following Personal Information from you or about you when you open an investment account or superannuation account, establish a business relationship with Vanguard Australia on behalf of

relationship with Vanguard Australia on behalf of yourself or another individual or entity, or manage your account on the Sites: Full name, date of birth, gender, and contact details, including mailing and residential addresses, e-mail address, and telephone numbers; Australian or Foreign

address, and telephone numbers; Australian or Foreign Government related identifiers and identity documents for the purpose of verifying identity and to comply with regulatory requirements regarding identification verification, tax status, tax reporting, and withholding. Tax file

tax status, tax reporting, and withholding. Tax file number and bank account and payment method details, if such information is needed for the purpose of administering your accounts; Employment details, which may include annual salary and occupation details; Contribution amounts and

salary and occupation details; Contribution amounts and investment choices; Details about authorised signatories, agents, or representatives (including deceased estates); Copies of any relevant trust deeds, partnership agreements, constitutions, or articles of association; Details

constitutions, or articles of association; Details of services you are interested in and about your investment and retirement needs; Information about employees, agents, or other representatives of a client or prospective client, if such information is needed to open or maintain an account;

such information is needed to open or maintain an account; Detailed contact information about a financial adviser; and Other information that you provide to us in connection with your account, which may include Sensitive Information. This will generally be limited to information about health

This will generally be limited to information about health in connection with an insurance application or claim related to any insurance held within your superannuation account We also may collect Personal Information for your account from third parties authorised to disclose your Personal

from third parties authorised to disclose your Personal Information, such as from your employer or from companies that provide identification verification services. Information about Third Parties: We may collect information from you regarding other individuals related to your account.

you regarding other individuals related to your account. By disclosing information about authorised signatories, dependents, relatives, potential beneficiaries, employees, agents, or other representatives as outlined above, you warrant that you have the consent of those parties to such

warrant that you have the consent of those parties to such collection, use, and disclosure of their information as described in this Policy. Information from telephone, e-mail, online chat, or text message communications with Vanguard Australia: If you communicate with Vanguard Australia

Australia: If you communicate with Vanguard Australia by telephone, e-mail, online chat, or text message, we may keep a record of that communication. In accordance with applicable law, we also may record and monitor telephone calls for training, quality assurance, security, and customer

for training, quality assurance, security, and customer service purposes. Information you provide to public websites or social media platforms that relate to Vanguard Australia or our products or services: We may also collect information about you from public websites or social media where

about you from public websites or social media where you have communicated in relation to Vanguard Australia or our products or services. Information contained in surveys: Vanguard Australia or a Vanguard Australia service provider may ask you to complete surveys for research and client

may ask you to complete surveys for research and client satisfaction assessment or similar client service-related purposes. You are not required to respond to those surveys, and any information collected by Vanguard Australia or on Vanguard Australia's behalf that you provide in response to

Australia's behalf that you provide in response to those surveys is at your discretion. If you do not provide the Personal Information requested, we may not be able to process an application, provide services to you, or provide you with information about our products and services. 3.2 What Other

about our products and services. 3.2 What Other Information do we collect automatically? We collect information about you automatically on our Sites and through emails that we send to you, including whether you click on or select links in our emails. We use a variety of technologies, such as

in our emails. We use a variety of technologies, such as cookies, web beacons, and similar mechanisms, as described further below, to collect Other Information that helps us understand how our Sites are used and how you interact with information that we send you. Specifically, when you visit the

that we send you. Specifically, when you visit the Sites, we or our third-party service providers may automatically collect a variety of technical and navigational information about you via these technologies, including: your computer or device type; operating system version; browser type

or device type; operating system version; browser type and version; user agent string; Internet connection type; mobile network provider; date and time of your visit; time since your last visit; web pages you view; links you click; searches conducted on the Sites; the internet protocol (IP)

conducted on the Sites; the internet protocol (IP) address used to access our Sites; your general geographic location (e.g., your city, state, post code, or metropolitan region); and the website visited before our Sites. For more information about the information that is collected, please see

about the information that is collected, please see the section below titled "Website Analytics and Interest-Based Advertising." We also may use similar tracking technologies in e-mails that we or third parties send to you, as further described below. To learn more about how our Sites use

described below. To learn more about how our Sites use cookies, please visit the Vanguard Cookie Policy. Cookies: A cookie is a small file of letters and numbers that is stored on your computer, tablet, mobile phone, or other device when you visit a website. Cookies contain information that is

you visit a website. Cookies contain information that is transferred to or read on your device and allow websites to recognise devices and store certain information, such as user preferences. Cookies are used to distinguish you from other users of our Sites. This helps us to provide you with a

other users of our Sites. This helps us to provide you with a useful experience when you browse our Sites and also allows us to improve our Sites. We and our third-party service providers use session cookies, which link your actions during a particular browser session and expire at the end of that

a particular browser session and expire at the end of that session, as well as persistent cookies, which remain on your device and allow us to remember your actions or preferences across multiple browser sessions. If you are concerned about having cookies on your computer, you can set your browser

having cookies on your computer, you can set your browser to refuse all cookies or to indicate when a cookie is being set, allowing you to decide whether to accept it. You can also delete cookies from your computer. The help feature on most web browsers will tell you how to prevent your browser from

web browsers will tell you how to prevent your browser from accepting new cookies, how to receive notice when a new cookie is set, and how to disable cookies altogether. However, if you choose to block or delete cookies, certain features of the Sites may not operate correctly. Information about how

the Sites may not operate correctly. Information about how to opt out of the use of cookies for certain purposes (such as interest-based advertising) is discussed below in the section titled "Third-Party Analytics and Interest-Based Advertising." Web beacons: The Sites or the e-mails that

Advertising." Web beacons: The Sites or the e-mails that you receive from Vanguard Australia may use an application known as a "web beacon" (also known as a "pixel tag" or "clear gif"). A web beacon is an electronic file that usually consists of a single-pixel image. We and our service providers

of a single-pixel image. We and our service providers may use web beacons and cookies to determine whether and when you receive and open our e-mails; these beacons and cookies may also capture information such as the type of device, operating system, e-mail program, and web browser used to view the

system, e-mail program, and web browser used to view the e-mail, the IP address from which you opened the e-mail, and whether you click on any links in the e-mail. These technologies enable us to gauge the effectiveness, relevance, and value of our e-mail communications, as well as to target

and value of our e-mail communications, as well as to target relevant advertising to you and to measure the impact of that advertising on your Vanguard relationships. We may combine Other Information with additional information that we have collected about you, including, where applicable,

we have collected about you, including, where applicable, your name and other Personal Information. When we combine Other Information with Personal Information, we treat all of the combined information as Personal Information. If you have registered for secure access on our Sites or accessed

have registered for secure access on our Sites or accessed an e-mail we have sent you that includes a web beacon or sets a cookie, we are able to combine the information we collect about your usage of our Sites with other information we know about you, such as any searches you conduct or information you

you, such as any searches you conduct or information you request during your web session. We can also identify your computer or device on each visit to our Sites, even if you do not log on, and determine whether you came to our Site by clicking on an e-mail link. This enables us to link information about

on an e-mail link. This enables us to link information about your Site visits, as well as about Vanguard Australia ads that you may have viewed on other websites, to you. We may use this combined information to assess the appeal and usefulness of the information and tools offered on our Sites and the

of the information and tools offered on our Sites and the effectiveness of our e-mail communications and online advertising, as well as to identify Vanguard Australia products and services that may be of interest to you. For more information about how we and our service providers use information

about how we and our service providers use information for analytics and advertising purposes, please see the section below titled "Website Analytics and Interest-Based Advertising." 4. Use and Disclosure 4.1 How do we use Personal, Sensitive and Other information? We use the Personal,

Sensitive and Other information? We use the Personal, Sensitive and Other Information that we collect for the purposes described in this Policy, for the purposes for which it was provided to us, as required by law, and for our business purposes, including: To establish and administer accounts

including: To establish and administer accounts and your relationship with us, to fulfill the terms of any agreement you have with us, and to otherwise provide Vanguard Australia's products and services to you; To communicate with you, notify you about important updates or changes to Vanguard

notify you about important updates or changes to Vanguard Australia's products and services, and address relevant inquiries or complaints; For marketing and promotional purposes, consistent with applicable law. For example, we may use your Personal Information, such as your e-mail

we may use your Personal Information, such as your e-mail address, to send you news and newsletters, or to otherwise contact you about products or information we think may be of interest to you. Although we hope you will find our promotional communications of interest, you may opt out of receiving

communications of interest, you may opt out of receiving them by following the "unsubscribe" instructions at the bottom of each communication. You may also elect to receive only certain kinds of communications from us using our online e-mail preference centre (if available). Please be aware

e-mail preference centre (if available). Please be aware that there is certain information we are required by law to provide to you and you cannot opt out of receiving this information; To tailor the content, information, and advertising that we may send or display to you, including as discussed

that we may send or display to you, including as discussed in the section below titled "Third-Party Analytics and Interest-Based Advertising," to offer location customisation and personalised help and instructions, and to otherwise personalise your experiences while using the Sites.

personalise your experiences while using the Sites. Please see the section below titled "Website Analytics and Interest-Based Advertising" for information about how to opt out of tracking through third party analytics; To comply with our legal obligations and protect our legal rights,

with our legal obligations and protect our legal rights, including, without limitation, to comply with record-keeping, reporting, and tax obligations under applicable law (such as corporations, tax, managed investments or securities, superannuation, privacy and anti-money laundering

superannuation, privacy and anti-money laundering laws); To count and recognise visitors to the Sites and various Site features and better understand how users access and use our Sites and Vanguard Australia products and services; To create new products and services or improve our existing

To create new products and services or improve our existing products and services; To support Site performance, perform Site analytics, enhance Site navigation, and improve our web design and functionality; For Site and account security purposes; and For other research and analytical

security purposes; and For other research and analytical purposes. 4.2 To whom do we disclose Personal and Other Information? We may disclose Personal and Other Information to third parties for the following purposes, as permitted by law: Related Companies: We may disclose Personal,

by law: Related Companies: We may disclose Personal, Sensitive and Other Information to our related bodies corporate (Vanguard Related Companies) for the purposes described in this Policy. Vanguard Related Companies may contact you by e-mail, where permitted by law, to make you aware of

you by e-mail, where permitted by law, to make you aware of Vanguard's product and service offerings. Service Providers: We may disclose Personal and Other Information to our service providers, who use it to perform tasks on Vanguard Australia's behalf. Among other things, these service

Australia's behalf. Among other things, these service providers help us manage and improve the Sites, provide Vanguard Australia services, mail disclosures and statements to you, and administer your accounts. Our service providers may collect, process, and retain information about you,

may collect, process, and retain information about you, directly on behalf of Vanguard Australia. Vanguard Australia's service providers include: Any organisation or sub-contractor involved in providing, managing, or administering the Sites, related systems, or other Vanguard

the Sites, related systems, or other Vanguard Australia services, such as administrators, insurers, mail houses, e-mail senders and providers, technology service providers, and third parties that provide analytics and advertising services as described in the section below titled

services as described in the section below titled "Website Analytics and Interest-Based Advertising"; and Vanguard Australia's auditors, consultants, legal advisors, and other professional advisors. Customer Agents: We may disclose Personal Information to your agents or

may disclose Personal Information to your agents or representatives, including: Your financial advisor; Any administrator or trustee for a fund or trust to which your investment or superannuation balance is to be transferred or rolled over; Your legal representative or attorney; A

or rolled over; Your legal representative or attorney; A representative who is entitled to instruct on, or receive, the proceeds from a deceased member’s or investor's account balance (for example a Legal Personal Representative, executor, or administrator) or any person we contact to assist

or administrator) or any person we contact to assist us in that process; Your employer for superannuation purposes (but only to the extent required by law); Other financial institutions that hold an account in your name or on which you are authorised to act, for example, where amounts have been

are authorised to act, for example, where amounts have been transferred to or from that account; and Other organisations that you have authorised to receive your information, such as data aggregators, provided you have consented to Vanguard Australia's providing this information. Legal

Vanguard Australia's providing this information. Legal Purposes: We may use and disclose information about you as we believe reasonably necessary to protect the rights and property of Vanguard Australia and Vanguard Related Companies, including to establish legal claims or defences, to

including to establish legal claims or defences, to obtain legal advice, to defend our legal rights, to protect our rights or property and those of Vanguard Related Companies, to protect against fraud and abuse, to protect other users of our services and our Sites, and to protect the life, body, or

our services and our Sites, and to protect the life, body, or property of others (individuals or entities). We also may disclose information about you in order to comply with regulatory requirements, a judicial proceeding, court order, or other legal process, such as in response to a court order

or other legal process, such as in response to a court order or subpoena, or where otherwise required by law. We may disclose information to authorities investigating (or who could potentially investigate) alleged fraudulent or suspicious transactions in relation to your account or any other

transactions in relation to your account or any other account on which you are authorised to act. Sale or Other Transfer of Vanguard Australia: We reserve the right to disclose information to facilitate the licensing, merger, sale, assignment, acquisition, financing, securitisation,

assignment, acquisition, financing, securitisation, insuring, bankruptcy, or other transfer of our technology or business, or a portion thereof, to third parties, as permitted by applicable law. By agreeing to the terms of this Policy, you are consenting to this disclosure. Market

this Policy, you are consenting to this disclosure. Market Research: We also may provide information to market research companies or Vanguard Related Companies for the purpose of assessing information about our business or client base. We may provide our clients' or prospective clients'

base. We may provide our clients' or prospective clients' contact details to market research companies to undertake research on behalf of Vanguard. For example, we may run client satisfaction surveys or run focus groups on proposed products. Marketing: We may also provide information to

products. Marketing: We may also provide information to third parties who assist Vanguard Australia in providing market insights and information about products, services, or other marketing material that may be of interest to you. Direct Sharing through Third-Party Websites and

to you. Direct Sharing through Third-Party Websites and Services: The Sites may enable you to share information directly with websites or online services operated by third parties. For example, the Sites contain features that allow you to share articles or content through Facebook, Google

you to share articles or content through Facebook, Google Plus, Twitter, LinkedIn, and other services, and to view content through video players and other services (such as the YouTube video player). If you choose to use these features, you may disclose information to those websites or services

you may disclose information to those websites or services and their users, and the public more generally. These websites and services may also set and/or access a cookie on your device. Because these third-party websites and services are not operated by Vanguard Australia, we are not

services are not operated by Vanguard Australia, we are not responsible for the content or practices of those websites or services. The collection, use, and disclosure of information through these websites and services will be subject to the privacy policies of the third-party websites or

to the privacy policies of the third-party websites or services, and not this Policy. Competitions, Contests, and Promotions: Vanguard Australia may use an agency to run competitions, contests, or promotions on the Vanguard Australia Sites or elsewhere, and if you choose to participate, we

Sites or elsewhere, and if you choose to participate, we or third parties may request your name, address, telephone number, e-mail address, and other information where it is necessary to ensure your eligibility and to comply with lottery and gaming regulations. In compliance with the relevant

and gaming regulations. In compliance with the relevant regulations, it may also be necessary to publish details of the winners of competitions in appropriate news media. Aggregated Information: From time to time, Vanguard Australia may share aggregated information about users of the Sites

may share aggregated information about users of the Sites or Vanguard Australia's products and services, such as sharing reports on the usage of the Sites or Vanguard Australia's services for regulatory reporting or marketing purposes. 4.3 Disclosure of Sensitive Information to third

4.3 Disclosure of Sensitive Information to third parties Disclosure of Sensitive information to third parties may be required from time to time for the purposes of providing you products and services. We will always ensure that those to whom we disclose your Sensitive Information have the

to whom we disclose your Sensitive Information have the legal right to receive it. We will only disclose Sensitive Information where consent has been provided, however without consent we may not be able to process insurance applications or assess claims. 5. Website Analytics and

applications or assess claims. 5. Website Analytics and Interest-Based Advertising We partner with third parties to collect the information discussed above to engage in analysis, auditing, research, and reporting. These third parties may set and access cookies on your computer or other

parties may set and access cookies on your computer or other device and may use web beacons to collect information about your activity on the Sites. In particular, the Sites use Adobe Analytics and Google Analytics to help collect and analyse certain information for the purposes discussed

analyse certain information for the purposes discussed above. The information generated about your use of the Sites may be transmitted to and stored by Adobe Analytics and Google Analytics on servers outside your country of residence. You may opt out of the use of cookies by Adobe

of residence. You may opt out of the use of cookies by Adobe Analytics here. You may opt out of the use of cookies by Google Analytics here. We also partner with third parties to provide targeted advertising services that are customised based on your online activities over time and across

based on your online activities over time and across unaffiliated websites ("Interest-Based Advertising"). These third parties may use cookies and web beacons to collect information about your activity on our Sites, and they may combine it with information about your activity on other,

combine it with information about your activity on other, unaffiliated websites. For example, third parties may use the fact that you visited the Sites to target ads for Vanguard services to you on non-Vanguard Australia websites. In addition, our third-party advertising providers might use

our third-party advertising providers might use information about your use of the Sites to help target non-Vanguard Australia advertisements based on your online activity in general. For more information about Interest-Based Advertising and how to opt out, please visit the Australian

Advertising and how to opt out, please visit the Australian Digital Advertising Alliance (ADAA) opt-out page, available at http://www.youronlinechoices.com.au/opt-out/. Although our Sites currently do not respond to "do not track" browser headers, you can limit tracking by taking the

browser headers, you can limit tracking by taking the steps discussed above. The use of online tracking mechanisms by third parties is subject to those third parties' own privacy policies, and not this Policy. 6. Cross-Border Transfer of Information Vanguard Australia generally maintains

of Information Vanguard Australia generally maintains centralised servers and systems in Australia and may maintain servers and systems elsewhere. These servers and systems are managed by or on behalf of The Vanguard Group, Inc. or Vanguard Related Companies in or outside Australia.

or Vanguard Related Companies in or outside Australia. Vanguard Australia also may subcontract the processing of your data to, or otherwise share your data with, other third parties in Australia or countries other than your country of residence. As a result, the Personal, Sensitive and Other

residence. As a result, the Personal, Sensitive and Other Information that we collect through or in connection with the Sites may be transferred to and processed in Australia, the United States, or another jurisdiction outside Australia for the purposes described above, pursuant to methods

for the purposes described above, pursuant to methods permitted by Australian laws for ensuring that information about you will be adequately protected. This list may be updated from time to time. The data protection laws in these countries may be different from, and less stringent than, those

may be different from, and less stringent than, those in Australia. We take reasonable steps to ensure that the overseas recipients of your data are subject to appropriate contractual obligations to safeguard and protect your Personal, Sensitive and Other Information and comply with

Personal, Sensitive and Other Information and comply with applicable privacy obligations. By accepting this Policy, using the Sites, or by providing any Personal, Sensitive or Other Information to us, you expressly consent to such transfer and processing. 7. Information Quality Vanguard

transfer and processing. 7. Information Quality Vanguard Australia relies on the accuracy of the information provided by its clients and others. We take reasonable efforts to ensure that Personal, Sensitive or Other Information collected by us or on our behalf is accurate, up to date, and

collected by us or on our behalf is accurate, up to date, and complete, in accordance with applicable law. If any information about you changes or you have any concerns regarding the accuracy of information about you held by Vanguard Australia, you should contact us at the address provided in the

you should contact us at the address provided in the "Contact Us" section below. 8. Information Security and Retention We use commercially reasonable physical, electronic, and procedural safeguards to protect your Personal Information and Sensitive Information from loss, misuse, and

and Sensitive Information from loss, misuse, and unauthorised access, disclosure, alteration, and destruction in accordance with applicable law. Please be aware that despite our best efforts, no data security measures can guarantee 100% security all of the time. If you have online account

100% security all of the time. If you have online account access, we recommend that you take steps to protect against unauthorised access to your password, phone, and computer by, among other things, signing off after using a shared computer, choosing a robust password that nobody else knows or

choosing a robust password that nobody else knows or can easily guess, and keeping your log-in and password private. Vanguard Australia retains Personal Information and Sensitive Information for as long as necessary to provide our services to you, to fulfill the purposes described in this

services to you, to fulfill the purposes described in this Policy and/or our business purposes, or as required by law, regulation, or internal policy. If your Personal or Sensitive Information is involved in a data breach that is likely to result in serious harm to you, we will notify you and the

to result in serious harm to you, we will notify you and the Office of the Australian Information Commissioner. 9. Choices, Access, and Correction of Information We provide you with the ability to access, review, correct, or inquire about information that we hold about you, as required and

about information that we hold about you, as required and permitted under applicable law. You also may have a right to oppose or limit the collection and processing of your information as described in this Policy, or to revoke your consent, although we may be unable to provide services to you if you

although we may be unable to provide services to you if you oppose this processing or if you revoke consent. If you would like to access, review, correct, or inquire about your information, place limitations on the collection or processing of your information, or revoke your consent, please send

of your information, or revoke your consent, please send us a request at the address or e-mail provided in the "Contact Us" section below. In your message, please indicate the right you would like to exercise and the information that you would like to access, review or correct. Please note that we

would like to access, review or correct. Please note that we may need to take additional steps, such as to verify your identity, before we can grant your request. As permitted by law, we will notify you of the basis for any denial of your request. If you would like Vanguard Australia to stop sending

If you would like Vanguard Australia to stop sending promotional communications to your e-mail address, you may opt out of receiving them by following the "unsubscribe" instructions at the bottom of each communication. You may also elect to receive only certain kinds of communications from us

to receive only certain kinds of communications from us using our online e-mail preference centre (if available). Please be aware that there is certain information we are required by law to provide to you and you cannot opt out of receiving this information. You may opt out of the use of your

this information. You may opt out of the use of your information for analytics and online interest-based advertising by following the steps detailed above in the section titled "Website Analytics and Interest-Based Advertising." 10. Contact Us If you have any further questions relating to

10. Contact Us If you have any further questions relating to this Privacy Policy, wish to request access to or correct personal information we hold about you, or wish to lodge a complaint about the way in which we have handled your personal information, please do not hesitate to contact us: Mail:

information, please do not hesitate to contact us: Mail: Client services Vanguard Australia GPO Box 3006 Melbourne VIC 3001 Phone: Client services 1300 655 101 (8:00 am to 6:00 pm Melbourne time, Monday to Friday) Email: clientservices@vanguard.com.au Vanguard Australia treats any

Vanguard Australia treats any complaints about our handling of personal information seriously. We will fully investigate any complaint you lodge with us and seek to provide a response as soon as practicable and, in general, no later than 30 days after the receipt of the initial complaint. If you

30 days after the receipt of the initial complaint. If you are not satisfied with the outcome of your complaint you may refer the matter to external dispute resolution or the Office of the Australian Information Commissioner. The Information Commissioner may be contacted

The Information Commissioner may be contacted at www.oaic.gov.au or by phone at 1300 363 992. 11. Changes to This Privacy Policy We will post changes to this Policy on our Sites along with the effective date of the changed policy. We recommend that you review this Policy periodically. If we make a

that you review this Policy periodically. If we make a material change to this Policy, you will be provided with appropriate notice. Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles Diversity &

Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal en terms and conditions.    | Vanguard Australia Personal

en terms and conditions.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites

investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsTerms and conditions of use Welcome! Please carefully read the

and conditions of use Welcome! Please carefully read the following Terms and Conditions of Use ("Terms of Use") before using this website (“Site”) and any mobile applications ("Applications"). The Application and the Site are owned and operated by The Vanguard Group, Inc., and all of its

and operated by The Vanguard Group, Inc., and all of its subsidiaries and affiliates, including Vanguard Brokerage Services and Vanguard Marketing Corporation (collectively, "Vanguard").The Site and Application are made available in Australia and unless otherwise stated, the content,

in Australia and unless otherwise stated, the content, products and services offered on the Site and Application site are made by Vanguard Investments Australia Ltd ABN 72 072 881 086 or Vanguard Super Pty Ltd ABN 73 643 614 386, as relevant.  By using this Site or downloading, installing and/or

By using this Site or downloading, installing and/or using the Application, you agree to follow and be bound by these Terms of Use, which govern your use of the Site and downloading, installation and/or use of the Application. Nothing contained in these Terms of Use is intended to modify or amend

in these Terms of Use is intended to modify or amend any other written agreement, if any, that may currently be in effect between you and Vanguard with regard to matters other than your use of the Site or the Application. Any access to and use of the Vanguard Online portal through the Site or

to and use of the Vanguard Online portal through the Site or Application will be governed by the Vanguard Online Terms and Conditions of Use.  In the event of any inconsistency between these Terms of Use and the Vanguard Online Terms and Conditions of Use, the Vanguard Online Terms and Conditions of

of Use, the Vanguard Online Terms and Conditions of Use will take precedence to the extent of the inconsistency, and only insofar as the inconsistency relates specifically to use of Vanguard Online through the Site or Application. Vanguard may periodically modify these Terms of Use, and any such

may periodically modify these Terms of Use, and any such modifications will be effective immediately upon posting. If you do not agree to these Terms of Use, do not use the Site or download, install, or use the mobile application.  The most up-to-date version of these Terms of Use will also be

most up-to-date version of these Terms of Use will also be available on our website.  We will endeavour to notify you of the new Terms of Use at the next time you log into the Application. Vanguard may modify, suspend, discontinue or restrict the download, installation, use, and availability of any

the download, installation, use, and availability of any portion of the Application at any time, without notice or liability. Your download, installation and use of this Application may be monitored by Vanguard and used for Vanguard’s internal business purposes, without liability.

internal business purposes, without liability. Contents: Limited License and Restrictions on Use Linking Conditions User Content and License Grant Your Account Data, Information, and Content Copyright Policy, Notice, and Claim Information Trademarks and Patents International Use Third

Trademarks and Patents International Use Third Party Content Timeliness of Content Termination Warranty Disclaimers Liability and Indemnity Integration and Severability Applicable Law and Venue   Limited License and Restrictions on Use Vanguard grants you a limited, revocable,

on Use Vanguard grants you a limited, revocable, nonexclusive, nontransferable license to view, store, bookmark, download, and print the pages within the Site solely for your personal, informational, and noncommercial use or as expressly authorized by Vanguard in writing. In regards to the

authorized by Vanguard in writing. In regards to the Application, Vanguard grants you a limited, revocable, nonexclusive, nontransferable license to download, install, and use the Application on a single, authorized computing device solely for your personal, informational, and

device solely for your personal, informational, and noncommercial use. Notwithstanding the foregoing, financial advisers, trust professionals, registered investment advisers, broker-dealers, nominees and other institutional trading partners (collectively, "Intermediaries") may

trading partners (collectively, "Intermediaries") may use the data and information provided on theSite or Application for certain commercial uses with Vanguard's prior approval or as otherwise permitted on the Site or Application, provided that such Intermediaries comply with all other

provided that such Intermediaries comply with all other terms and conditions as set forth in these Terms of Use. You are responsible for obtaining and maintaining all equipment, services, and other materials that you need to access the Site or Application. Vanguard reserves all rights not

the Site or Application. Vanguard reserves all rights not expressly granted in these Terms of Use. Except as otherwise stated in these Terms of Use or as expressly authorized by Vanguard in writing, you may not (or enable others to): Modify, copy, screen capture, distribute, forward, transmit,

copy, screen capture, distribute, forward, transmit, post, display, perform, reproduce, publish, broadcast, license, create derivative works from, transfer, sell, or exploit any reports, data, information, content, software, RSS and podcast feeds, products, services, or other

RSS and podcast feeds, products, services, or other materials on, generated by or obtained from the Site or Application, whether through links or otherwise (collectively, "Materials"). Redeliver any page, text, image, or Materials on the Site using "framing" or other technology. Reverse

on the Site using "framing" or other technology. Reverse engineer, decompile, disassemble, reduce the Site or Application to any human perceivable form, or otherwise attempt to derive the source code, underlying ideas or algorithms of the Site or Application. Engage in any conduct that could

of the Site or Application. Engage in any conduct that could damage, disable, or overburden (i) the Site or Application, (ii) any Materials or services provided through the Site or Application, or (iii) any systems, networks, servers, or accounts related to the Site or Application, including

or accounts related to the Site or Application, including without limitation, using devices or software that provide repeated automated access to the Site or Application, other than those made generally available by Vanguard. Probe, scan, or test the vulnerability of any Materials,

Probe, scan, or test the vulnerability of any Materials, services, systems, networks, servers, or accounts related to the Site or Application or attempt to gain unauthorized access to Materials, services, systems, networks, servers, or accounts connected or associated with the Site or

or accounts connected or associated with the Site or Application through hacking, password or data mining, or any other means of circumventing any access-limiting, user authentication or security device of any Materials, services, systems, networks, servers, or accounts related to the Site

networks, servers, or accounts related to the Site or Application. Modify, copy, obscure, remove, or display Vanguard's name, logo, trademarks, text, notices, or images without Vanguard's express written permissionInclude the term "Vanguard," or any Vanguard trademark or executive's

term "Vanguard," or any Vanguard trademark or executive's name, or any variation of the foregoing, as a meta-tag, hidden textual element or any other indicator that creates an impression of affiliation, sponsorship, or endorsement by Vanguard. Vanguard may, but is not obligated to,

by Vanguard. Vanguard may, but is not obligated to, automatically check the version of the Application installed on the applicable authorized computing device and, if necessary, provide updates for the Application ("Updates"). Updates may contain, without limitation, bug fixes, patches,

may contain, without limitation, bug fixes, patches, enhanced functionality, plug-ins, and new versions of the Application. By downloading and installing the Application, you authorize the automatic download and installation of Updates and, if those Updates need to be downloaded and

of Updates and, if those Updates need to be downloaded and installed manually, you agree to do so.   Linking Conditions You may not link to the Site unless you comply with these linking conditions ("Linking Conditions"). Vanguard grants you a limited, revocable, nonexclusive right to create a

you a limited, revocable, nonexclusive right to create a hyperlink to the Site ("Link"), provided you comply at all times with the following conditions: The Link must resolve to Vanguard's portal page at www.vanguard.com.au, unaltered in any way. The text of the Link must read either

unaltered in any way. The text of the Link must read either "Vanguard," "Vanguard Investments Australia" “Vanguard Super” (whichever relevant), or "www.vanguard.com.au." You may not use any Vanguard logo or graphic, or any other Vanguard trademark, as part of the Link without Vanguard's

Vanguard trademark, as part of the Link without Vanguard's express written permission. The Link and surrounding context on the linking site must not (a) falsely represent or misrepresent any relationship between the linking site and Vanguard, including suggestions of affiliation,

site and Vanguard, including suggestions of affiliation, endorsement, or sponsorship; (b) portray Vanguard or its affiliates, or their products or services, in a false, misleading, derogatory, or otherwise offensive manner; or (c) deliver the Materials in a framed environment or alter the

deliver the Materials in a framed environment or alter the layout, content, look, or feel of the Site. If you have created a Link that conforms to these Linking Conditions, then you also may include one or more Links to any internal or subsidiary page of the Site that is located one or several levels

page of the Site that is located one or several levels down from the homepages (known as "deep links"); provided, however, that all such deep links must be in close physical proximity to the Link that conforms to the Linking Conditions. You may not maintain numerous or pervasive Links to the Site.

may not maintain numerous or pervasive Links to the Site.   Linking Conditions You may not link to the Site unless you comply with these linking conditions ("Linking Conditions"). Vanguard grants you a limited, revocable, nonexclusive right to create a hyperlink to the Site ("Link"), provided

right to create a hyperlink to the Site ("Link"), provided you comply at all times with the following conditions: The Link must resolve to Vanguard's portal page at www.vanguard.com.au, unaltered in any way. The text of the Link must read either "Vanguard," "Vanguard Investments Australia"

either "Vanguard," "Vanguard Investments Australia" “Vanguard Super” (whichever relevant), or "www.vanguard.com.au." You may not use any Vanguard logo or graphic, or any other Vanguard trademark, as part of the Link without Vanguard's express written permission. The Link and surrounding

express written permission. The Link and surrounding context on the linking site must not (a) falsely represent or misrepresent any relationship between the linking site and Vanguard, including suggestions of affiliation, endorsement, or sponsorship; (b) portray Vanguard or its

endorsement, or sponsorship; (b) portray Vanguard or its affiliates, or their products or services, in a false, misleading, derogatory, or otherwise offensive manner; or (c) deliver the Materials in a framed environment or alter the layout, content, look, or feel of the Site. If you have

the layout, content, look, or feel of the Site. If you have created a Link that conforms to these Linking Conditions, then you also may include one or more Links to any internal or subsidiary page of the Site that is located one or several levels down from the homepages (known as "deep links");

levels down from the homepages (known as "deep links"); provided, however, that all such deep links must be in close physical proximity to the Link that conforms to the Linking Conditions. You may not maintain numerous or pervasive Links to the Site.   User Content and License Grant You agree that

to the Site.   User Content and License Grant You agree that you are solely responsible for all information, data, content, text, photographs, graphics, images, videos, messages, comments, quotations, files, documents and any other materials that you submit, upload, post, e-mail, transmit

materials that you submit, upload, post, e-mail, transmit or otherwise make available via the Site or Application ("User Content"). By submitting, uploading, posting, e-mailing or transmitting User Content to the Site or Application, you represent and warrant that either you own all right,

you represent and warrant that either you own all right, title and interest in and to the User Content or have express permission from the owner to copy and use such User Content for all purposes related to the Site or Application. Vanguard does not control and is not responsible for the User Content

does not control and is not responsible for the User Content uploaded via the Site or Application and Vanguard neither guarantees the accuracy, quality or appropriateness of nor endorses any User Content submitted to the Site or Application. You agree not to use the Site or Application to:

You agree not to use the Site or Application to: Submit, upload, post, e-mail, transmit, or otherwise make available any User Content that is unlawful, harmful, threatening, abusive, menacing, harassing, tortious, defamatory, vulgar, pornographic, obscene, offensive, blasphemous,

vulgar, pornographic, obscene, offensive, blasphemous, libelous, unlawful, invasive of another's privacy or publicity rights, hateful, or racially, ethnically, or otherwise objectionable. Submit, upload, post, e-mail, transmit, or otherwise make available any User Content that

or otherwise make available any User Content that personally attacks or is derogatory toward Vanguard as an entity, Vanguard employees, any Vanguard products or services, or any Vanguard Materials. Harm minors in any way, including, but not limited to, submitting, uploading, posting,

but not limited to, submitting, uploading, posting, e-mailing, transmitting, or otherwise making available content that violates child pornography laws, child sexual exploitation laws, or laws prohibiting the depiction of minors engaged in sexual conduct. Impersonate any person or

engaged in sexual conduct. Impersonate any person or entity, or falsely state or otherwise misrepresent your affiliation with a person or entity. Forge headers or otherwise manipulate identifiers in order to disguise the origin of any User Content transmitted through the Site or Application.

User Content transmitted through the Site or Application. Submit, upload, post, e-mail, transmit, or otherwise make available any User Content that you do not have a right to make available under any law or contractual or fiduciary relationships or obligations. Submit, upload, post, e-mail,

or obligations. Submit, upload, post, e-mail, transmit, or otherwise make available any User Content that infringes, violates, or misappropriates any patent, trademark, trade secret, copyright, or other intellectual property or proprietary right or any moral right of any party. Submit,

proprietary right or any moral right of any party. Submit, upload, post, e-mail, transmit, or otherwise make available any personal information or specific account details about yourself or any person or entity. Submit, upload, post, e-mail, transmit, or otherwise make available any

post, e-mail, transmit, or otherwise make available any advertising, promotional materials, junk mail, spam, chain letters, pyramid schemes, or any other form of solicitation. Submit, upload, post, e-mail, transmit, or otherwise make available any material that contains viruses or any

make available any material that contains viruses or any other computer code, files or programs designed to interrupt, destroy, or limit the functionality of any computer software or hardware or telecommunications equipment. Intentionally or unintentionally violate any applicable local,

or unintentionally violate any applicable local, state, national, or international laws, rules, regulations, decrees, acts, orders, directives, legislation, bills, or statutes. You grant Vanguard and its affiliates, subsidiaries, directors, officers, employees, agents, licensors,

directors, officers, employees, agents, licensors, and vendors a perpetual, worldwide, irrevocable, nonexclusive, fully-paid up, royalty-free, sublicensable, and transferable right and license to use, store, modify, adapt, translate, publish, display, broadcast, perform,

adapt, translate, publish, display, broadcast, perform, disclose, distribute, sell, reproduce, publish, communicate to the public and create derivative works from any User Content, in whole or in part, in any medium or technology throughout the world, including any inventions, concepts,

the world, including any inventions, concepts, techniques, know-how, ideas, or expressions of ideas arising out of or based on the User Content, for any purpose in Vanguard's sole discretion, without the requirement of any permission from or compensation or notice, and without liability, to

from or compensation or notice, and without liability, to you or any third party. Vanguard shall exclusively own all right, title, and interest in and to any derivative works or inventions created by or on behalf of Vanguard that incorporate or otherwise make use of any User Content, without the

or otherwise make use of any User Content, without the requirement of any permission from or compensation or notice, and without liability, to you or any third party. Except as set forth in Vanguard Australia’s Privacy Policy, none of the User Content that you submit, upload, post, e-mail, or

the User Content that you submit, upload, post, e-mail, or transmit or otherwise make available via the Site or Application shall be subject to any confidentiality obligations by Vanguard and its affiliates, subsidiaries, directors, officers, employees, agents, licensors, and vendors. To

officers, employees, agents, licensors, and vendors. To the extent permitted by law, Vanguard shall not be liable in any way for any User Content or for the use or disclosure of any User Content. You acknowledge that Vanguard and/or its vendors may or may not (but are not obligated to) monitor User

may or may not (but are not obligated to) monitor User Content, but that Vanguard shall have the right in its sole discretion to monitor, post, move, refuse, or remove any User Content, in whole or in part, for any reason whatsoever, without notice and without liability. If you have any questions or

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geographic location (e.g., your city, state, zip code, or metropolitan region);and the website visited before our websites. This information may be used, for example, to alert you to software compatibility issues or to resolve technical or service problems. We also analyze this information,

or service problems. We also analyze this information, with the assistance of our service providers, to improve our web design and functionality, to enhance our ability to serve you and your accounts, and to tailor our communications to you regarding our products and services. In particular,

to you regarding our products and services. In particular, the websites use Adobe Analytics to help collect and analyze certain information for the purposes discussed above. The information generated about your use of the websites may be transmitted to and stored by Adobe Analytics on

may be transmitted to and stored by Adobe Analytics on servers outside your country of residence. You may opt out of the use of cookies by visiting the Adobe opt-out page. Some of our Performance cookies are managed for us by third parties. However, we do not allow the third party to use the cookies

However, we do not allow the third party to use the cookies for any purpose other than those listed above. Functionality 'Functionality' cookies help to provide services or to remember settings to improve your visit. We use Functionality cookies primarily to identify whether and when you've

cookies primarily to identify whether and when you've visited our site previously. Some of these cookies are managed for us by third parties, but we don't allow the third party to use the cookies for any purpose other than those listed above. Targeting 'Targeting' cookies permit us - through our

Targeting 'Targeting' cookies permit us - through our third party service providers - to identify whether and when you have seen or clicked on a particular Vanguard advertisement on a third-party site, as well as enabling us to target our advertising to you on other sites after you have visited our

advertising to you on other sites after you have visited our website. We partner with third parties to provide targeted advertising services that are customized based on your online activities over time and across unaffiliated websites ("Interest-Based Advertising"). These third parties

("Interest-Based Advertising"). These third parties may use cookies and web beacons to collect information about your activity on our websites, and they may combine it with information about your activity on other, unaffiliated websites. For example, third parties may use the fact that you

For example, third parties may use the fact that you visited the Vanguard websites to target ads for Vanguard services to you on non-Vanguard websites. In addition, our third-party advertising providers might use information about your use of our websites to help target non-Vanguard

about your use of our websites to help target non-Vanguard advertisements based on your online activity in general. For more information about Interest-Based Advertising and how to opt out, please visit: Network Advertising Initiative (NAI) opt-out page, available

Advertising Initiative (NAI) opt-out page, available at www.networkadvertising.org/choices; Digital Advertising Alliance (DAA) opt-out page, available at www.aboutads.info/choices; Digital Advertising Alliance of Canada (DAAC) opt-out page, available

Alliance of Canada (DAAC) opt-out page, available at http://youradchoices.ca/choices/; European Interactive Digital Advertising Alliance (EDAA) opt-out page (available in 27 languages), available at http://www.youronlinechoices.eu/; and Australian Digital Advertising

and Australian Digital Advertising Alliance (ADAA) opt-out page, available at http://www.youronlinechoices.com.au/opt-out/ Although our websites currently do not respond to "do not track" browser headers, you can limit tracking by taking the steps discussed above. The use of online

by taking the steps discussed above. The use of online tracking mechanisms by third parties is subject to those third parties' own privacy policies, and not this Cookie Policy. How to withdraw your consent or delete or block our cookies If you are concerned about having cookies on your computer,

If you are concerned about having cookies on your computer, you can set your browser to refuse all cookies or to indicate when a cookie is being set, allowing you to decide whether to accept it. You can also delete cookies from your computer. The Help feature on most web browsers will tell you how to

The Help feature on most web browsers will tell you how to prevent your browser from accepting new cookies, how to receive notice when a new cookie is set, and how to disable cookies altogether. However, if you choose to block or delete cookies, certain features of our websites may not operate

cookies, certain features of our websites may not operate correctly. If you change the settings on your web browser, you will be presented with the consent option again the next time you visit our website. Unless you have adjusted your browser setting so that it will refuse cookies, Vanguard's

browser setting so that it will refuse cookies, Vanguard's system will issue cookies when you visit this website. For further information about deleting or blocking cookies, please visit: http://www.allaboutcookies.org/manage-cookies/. Vanguard logoConnect with

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Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsLegal disclaimersGeneral advice warning and details relevant to the Vanguard ETFs and fundsPast performance information is given for illustrative purposes only and should not be relied upon

illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. In preparing our website and mobile application content, individual circumstances, for example tax implications, have not been taken into account and it may, therefore, not be

not been taken into account and it may, therefore, not be applicable to an individual's objectives, financial situation or needs. Before making an investment decision, you should consider your objectives, financial situation or needs, and, the relevant Product Disclosure Statement (PDS)

and, the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD) and whether the information on our website and mobile application is applicable to your situation. A copy of the Target Market Determinations (TMD) for Vanguard's financial products is free of charge

(TMD) for Vanguard's financial products is free of charge and include a description of who the financial product is appropriate for. This website and mobile application are prepared in good faith and we accept no liability for any errors or omissions. Vanguard Investments Australia Ltd (ABN 72

or omissions. Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee and product issuer of Vanguard Super (ABN

subsidiaries of The Vanguard Group, Inc (collectively, “Vanguard”). Details Relevant to ETFs and Funds Vanguard Investments Australia Ltd (ABN 72 072 881 086/ AFS License 227263) ("VIA") is the issuer of the Vanguard® Australian ETFs. VIA is the issuer of the Prospectus on behalf of the US

ETFs. VIA is the issuer of the Prospectus on behalf of the US listed Exchange Traded Funds ("ETFs") described in the Prospectus. VIA has arranged for interests in the US ETFs to be made available to Australian investors via CHESS Depositary Interests that are quoted on the AQUA market of the

Interests that are quoted on the AQUA market of the Australian Securities Exchange ("ASX"). Vanguard ETFs will only be issued to Authorised Participants, that is persons who have entered into an Authorised Participant Agreement with VIA ("Eligible Investors"). Retail investors can transact

("Eligible Investors"). Retail investors can transact in Vanguard ETFs through Vanguard Personal Investor, a stockbroker or financial adviser on the secondary market. Investors should consider the Prospectus and Product Disclosure Statement (PDS) in deciding whether to acquire Vanguard

Statement (PDS) in deciding whether to acquire Vanguard ETFs. Retail investors can only use the Prospectus and PDS for informational purposes only. A copy of the Target Market Determinations (TMD) for Vanguard's financial products can be obtained at vanguard.com.au free of charge and include

be obtained at vanguard.com.au free of charge and include a description of who the financial product is appropriate for. You should refer to the TMD before making any investment decisions. You can access our disclosure documents at vanguard.com.au. This information is intended for investors

This information is intended for investors in Australia only. Information regarding the US registered products does not constitute an offer or solicitation and may not be treated as an offer or solicitation in any jurisdiction where such an offer or solicitation is against the law or to anyone to

an offer or solicitation is against the law or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so. VIA is not offering the ETFs in the United States and this document does not constitute an offer or an

States and this document does not constitute an offer or an invitation to apply for or acquire any interests in the ETFs in the United States. The information contained in this document is not intended for US persons as defined in Regulation S under the US Securities Act. The funds or securities

S under the US Securities Act. The funds or securities referred to in this document are not sponsored, endorsed or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities. For any such funds or securities, the PDS, prospectus or the Statement of Additional

the PDS, prospectus or the Statement of Additional Information contains a more detailed description of the limited relationship MSCI has with The VIA and any related funds. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. Bloomberg Finance L.P. and its affiliates,

Finance L.P. Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL") (collectively, "Bloomberg"), or Bloomberg's licensors own all proprietary rights in the Bloomberg Indices. The products are not sponsored, endorsed, issued, sold or promoted by

are not sponsored, endorsed, issued, sold or promoted by “Bloomberg.” Bloomberg makes no representation or warranty, express or implied, to the owners or purchasers of the products or any member of the public regarding the advisability of investing in securities generally or in the products

of investing in securities generally or in the products particularly or the ability of the Bloomberg Indices to track general bond market performance. Bloomberg shall not pass on the legality or suitability of the products with respect to any person or entity. Bloomberg’s only relationship to

to any person or entity. Bloomberg’s only relationship to VIA and the products are the licensing of the Bloomberg Indices which are determined, composed and calculated by BISL without regard to Vanguard or the products or any owners or purchasers of the products. Bloomberg has no obligation to

purchasers of the products. Bloomberg has no obligation to take the needs of the products or the owners of the products into consideration in determining, composing or calculating the Bloomberg Indices. Bloomberg shall not be responsible for and has not participated in the determination of the

for and has not participated in the determination of the timing of, prices at, or quantities of the products to be issued. Bloomberg shall not have any obligation or liability in connection with the administration, marketing or trading of the products. London Stock Exchange Group companies

of the products. London Stock Exchange Group companies include FTSE International Limited ("FTSE"), Frank Russell Company ("Russell"), MTS Next Limited ("MTS"), and FTSE TMX Global Debt Capital Markets Inc. ("FTSE TMX"). All rights reserved. "FTSE", "Russell", "MTS", "FTSE TMX" and "FTSE

reserved. "FTSE", "Russell", "MTS", "FTSE TMX" and "FTSE Russell" and other service marks and trademarks related to the FTSE or Russell indexes are trademarks of the London Stock Exchange Group companies and are used by FTSE, MTS, FTSE TMX and Russell under licence. "ASFA" is a trade mark of The

TMX and Russell under licence. "ASFA" is a trade mark of The Association of Superannuation Funds of Australia ("ASFA"). All rights in and to the FTSE ASFA Australia Index Series (the "Index") vest in FTSE. All information is provided for information purposes only. No responsibility or liability

purposes only. No responsibility or liability can be accepted by the London Stock Exchange Group companies nor its licensors for any errors or for any loss from use of this publication. Neither the London Stock Exchange Group companies nor any of their licensors make any claim, prediction,

nor any of their licensors make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE Indices or the fitness or suitability of the Indices for any particular purpose to which they might be put. The

for any particular purpose to which they might be put. The index is a product of S&P Dow Jones Indices LLC ("SPDJI") and has been licensed for use by VIA. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC ("S&P") Dow Jones is a registered trademark of Dow

LLC ("S&P") Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); S&P and S&P 500 are trademarks of S&P and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by VIA. VIA product(s) are not sponsored, endorsed, sold or

by VIA. VIA product(s) are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, 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

nor do they have any liability for any errors, omissions, or interruptions of the index. © 2022 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they

herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘regulated financial advice’ under New Zealand law has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research

95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. For more information refer to our Financial Services Guide (AU) or Financial Advice Provider Disclosure Statement (NZ) at

or Financial Advice Provider Disclosure Statement (NZ) at www.morningstar.com.au/s/fsg.pdf and www.morningstar.au/s/fapds.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest.

Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice

financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. The Morningstar Rating is an assessment of a fund’s past performance – based on both return and risk – which shows how similar investments compare with their

– which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision. The rating issued for VIA products are published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only and have

421 445 (Lonsec). Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating

financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective

assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2022 Lonsec. All rights reserved. The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872)

Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any

the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should

sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and

situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the

of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research

available on our Product Assessments and at Fund Research Regulatory Guidelines.  Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles Diversity & inclusion Our ESG approach Investment stewardship

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Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo

Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsModern Slavery Statement Modern Slavery StatementVanguard condemns modern slavery and abuses of

StatementVanguard condemns modern slavery and abuses of human rights. This statement provides an overview of our work to proactively monitor and mitigate the risk of modern slavery and human trafficking practices within our investment portfolios and supply chains, and outlines the specific

portfolios and supply chains, and outlines the specific actions we've taken during the 2021 calendar year. Download the Modern Slavery Statement Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles

How we're different Our team Our awards Our principles Diversity & inclusion Our ESG approach Investment stewardship Invest with us About our platform About our products Fees & costs Account types Learn Plain talk library Smart Investing Support Contact us FAQs Security & fraud Accessibility

Support Contact us FAQs Security & fraud Accessibility Forms and notices PDS and offer documents Tools and calculators Make a complaint GENERAL ADVICE WARNING Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard

(VIA) is the product issuer and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee and product issuer of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted with VIA to provide some services for Vanguard

contracted with VIA to provide some services for Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively, “Vanguard”).We have not taken your or your clients' objectives, financial situation or needs

or your clients' objectives, financial situation or needs into account when preparing our website content so it may not be applicable to the particular situation you are considering. You should consider your objectives, financial situation or needs, and the disclosure documents for the

situation or needs, and the disclosure documents for the product before making any investment decision. Before you make any financial decision regarding the product, you should seek professional advice from a suitably qualified adviser. A copy of the Target Market Determinations (TMD) for

A copy of the Target Market Determinations (TMD) for Vanguard's financial products can be obtained on our website free of charge, which includes a description of who the financial product is appropriate for. You should refer to the TMD of the product before making any investment decisions. You

of the product before making any investment decisions. You can access our Investor Directed Portfolio Service (IDPS) Guide, Product Disclosure Statements (PDS), Prospectus and TMD at vanguard.com.au and Vanguard Super SaveSmart and TMD at vanguard.com.au/super or by calling 1300 655 101.

TMD at vanguard.com.au/super or by calling 1300 655 101. Past performance information is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. This website was prepared in good faith and we accept no liability for any errors or

Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal footer privacy policy.html.    | Vanguard Australia

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investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsVanguard Australia Privacy Policy1. Our commitment to you

Australia Privacy Policy1. Our commitment to you Vanguard Australia is committed to maintaining the privacy of the personal and financial data we hold.  We recognise that your relationship with us is based on trust, and that you expect us to act responsibly towards you.   This Joint Privacy

us to act responsibly towards you.   This Joint Privacy Policy (“Policy”) sets out further detail about Vanguard Australia’s approach to handling personal information. This Policy covers the obligations of Vanguard Investments Australia Ltd and Vanguard Super Pty Ltd (together, Vanguard

Ltd and Vanguard Super Pty Ltd (together, Vanguard Australia) under the Privacy Act 1988 (Cth).  2. Introduction Vanguard Investments Australia Ltd and Vanguard Super Pty Ltd ("Vanguard Australia," "we," or "us") value the privacy and security of information about Vanguard Australia's

and security of information about Vanguard Australia's clients, members and potential investors. Vanguard Australia may collect and retain certain information in order to provide a variety of financial products and services to our customers, including investment management,

to our customers, including investment management, superannuation and financial advice. In this Policy, we describe how Vanguard Australia collects, uses, and discloses information. By visiting or using the websites operated by Vanguard Australia that link to this Policy (the "Sites") or

Australia that link to this Policy (the "Sites") or otherwise providing information to Vanguard Australia, you consent to the collection, processing, use, and disclosure of information about you as set out in this Policy, including transfers to third parties and other countries. Your use of

transfers to third parties and other countries. Your use of our services and the Sites, and any dispute over privacy, is subject to this Policy and our Terms and Conditions of Use, including applicable limitations on damages and the resolution of disputes. Depending on which parts of the Sites

of disputes. Depending on which parts of the Sites you access, the information that we collect is controlled by: Vanguard Investments Australia Ltd; and/or Vanguard Super Pty Ltd, which are both headquartered at Level 13, 130 Lonsdale Street, Melbourne VIC 3000. This information also may be

Street, Melbourne VIC 3000. This information also may be collected by or transferred to, and therefore controlled by, The Vanguard Group, Inc., which is headquartered in the United States at 100 Vanguard Boulevard, Malvern, Pennsylvania 19355-2331. As discussed below in the section titled

19355-2331. As discussed below in the section titled "Cross-Border Transfer of Information," information that we collect may be transferred to and processed in Australia and the United States, or another jurisdiction outside Australia which may have less stringent data protection laws than

which may have less stringent data protection laws than in Australia. To the extent permitted by law, we will not be responsible for the conduct of any parties to whom we disclose your personal information outside Australia, and you may not be able to seek redress.  3. Information Collection

may not be able to seek redress.  3. Information Collection Vanguard Australia may collect, process, use, and disclose Personal Information, Sensitive Information and Other Information when we provide a service to you (including opening an account, engaging in a transaction, speaking with

an account, engaging in a transaction, speaking with us on the telephone, providing us with your business card or registering to attend an event) or in connection with your use of the Sites. For the purposes of this Policy, "Personal Information" is any information that alone or together with

is any information that alone or together with other information in Vanguard Australia's possession relates to an identified or identifiable person, such as name, phone number, e-mail address, financial account information, and online account information such as username and password.

online account information such as username and password. “Sensitive Information” is any information which we ask for your consent to provide, such as health information when you apply for insurance cover through superannuation. "Other Information" is any additional information that is not

Information" is any additional information that is not Personal Information or Sensitive Information. In this section, we describe our information-collection practices, including the types of Personal, Sensitive and Other Information that we collect. In subsequent sections of this

that we collect. In subsequent sections of this Policy, we describe how we use and disclose Personal, Sensitive and Other Information. We may combine the Personal, Sensitive and Other Information with information collected from or about you from third parties or in other contexts. This may

about you from third parties or in other contexts. This may include information collected online, such as through our e-mail exchanges with you; from publicly available sources, such as your company website if you are a financial adviser; from the registrar for our exchange-traded funds so that

from the registrar for our exchange-traded funds so that we can provide information about products or services that may be of benefit; or from offline sources, such as information that we collect when you establish your account with us, or from our insurer or administrator (if applicable), or our

from our insurer or administrator (if applicable), or our call customer service. We will treat such combined information in accordance with this Policy. If you do not wish to provide information to Vanguard Australia, we may be unable to provide certain services to you.  We usually collect

to provide certain services to you.  We usually collect Personal Information and Sensitive Information directly from you, with your consent, however it may be collected from third parties such as your employer in the case of your superannuation account. Where it has been determined that we have

account. Where it has been determined that we have received unsolicited Personal or Sensitive Information, as soon as reasonably practicable, we will destroy or de-identify that information if it is lawful and reasonable to do so. Some personal information is collected, used, and disclosed

personal information is collected, used, and disclosed pursuant to applicable laws including laws relating to identification verification, tax reporting and withholding, and money laundering (e.g. in Australia, the Anti-Money Laundering and Counter-Terrorism Financing Act, Taxation

and Counter-Terrorism Financing Act, Taxation Administration Act, Corporations Act, Income Tax Assessment Act, Privacy Act and the Superannuation Industry (Supervision) Act 1993. 3.1 Personal Information we collect  Vanguard Australia may collect the following Personal Information

Australia may collect the following Personal Information from or about you: Personal Information we collect directly from you, such as when you register to use the Sites or request information from us: Vanguard Australia may collect and maintain Personal Information about you, and about any

and maintain Personal Information about you, and about any person or entity on whose behalf you are acting, that you provide to us on the Sites, such as when you register to use the Sites, obtain a product or service from Vanguard Australia, request information or materials from us, or otherwise

request information or materials from us, or otherwise interact with us. The types of Personal Information we collect vary based on your particular interaction with us, but could include: Your name, company name, and primary role or title; Postal mailing address; Telephone numbers; E-mail

title; Postal mailing address; Telephone numbers; E-mail address; Account number and other account information; User name, password, PIN, and answers to security questions; and Other information you provide to us directly online, such as information collected for identification or

such as information collected for identification or authentication purposes. Personal Information for your account: Depending on the type of account, and to the extent permitted by law, we may collect the following Personal Information from you or about you when you open an investment

from you or about you when you open an investment account or superannuation account, establish a business relationship with Vanguard Australia on behalf of yourself or another individual or entity, or manage your account on the Sites: Full name, date of birth, gender, and contact details,

Full name, date of birth, gender, and contact details, including mailing and residential addresses, e-mail address, and telephone numbers; Australian or Foreign Government related identifiers and identity documents for the purpose of verifying identity and to comply with regulatory

of verifying identity and to comply with regulatory requirements regarding identification verification, tax status, tax reporting, and withholding. Tax file number and bank account and payment method details, if such information is needed for the purpose of administering your accounts;

is needed for the purpose of administering your accounts; Employment details, which may include annual salary and occupation details; Contribution amounts and investment choices; Details about authorised signatories, agents, or representatives (including deceased estates); Copies of

representatives (including deceased estates); Copies of any relevant trust deeds, partnership agreements, constitutions, or articles of association; Details of services you are interested in and about your investment and retirement needs; Information about employees, agents, or other

needs; Information about employees, agents, or other representatives of a client or prospective client, if such information is needed to open or maintain an account; Detailed contact information about a financial adviser; and Other information that you provide to us in connection with your

information that you provide to us in connection with your account, which may include Sensitive Information. This will generally be limited to information about health in connection with an insurance application or claim related to any insurance held within your superannuation account We

any insurance held within your superannuation account We also may collect Personal Information for your account from third parties authorised to disclose your Personal Information, such as from your employer or from companies that provide identification verification services.

that provide identification verification services. Information about Third Parties: We may collect information from you regarding other individuals related to your account. By disclosing information about authorised signatories, dependents, relatives, potential beneficiaries,

dependents, relatives, potential beneficiaries, employees, agents, or other representatives as outlined above, you warrant that you have the consent of those parties to such collection, use, and disclosure of their information as described in this Policy. Information from telephone,

as described in this Policy. Information from telephone, e-mail, online chat, or text message communications with Vanguard Australia: If you communicate with Vanguard Australia by telephone, e-mail, online chat, or text message, we may keep a record of that communication. In accordance

we may keep a record of that communication. In accordance with applicable law, we also may record and monitor telephone calls for training, quality assurance, security, and customer service purposes. Information you provide to public websites or social media platforms that relate to

to public websites or social media platforms that relate to Vanguard Australia or our products or services: We may also collect information about you from public websites or social media where you have communicated in relation to Vanguard Australia or our products or services. Information

Australia or our products or services. Information contained in surveys: Vanguard Australia or a Vanguard Australia service provider may ask you to complete surveys for research and client satisfaction assessment or similar client service-related purposes. You are not required to respond

service-related purposes. You are not required to respond to those surveys, and any information collected by Vanguard Australia or on Vanguard Australia's behalf that you provide in response to those surveys is at your discretion. If you do not provide the Personal Information requested, we

you do not provide the Personal Information requested, we may not be able to process an application, provide services to you, or provide you with information about our products and services. 3.2 What Other Information do we collect automatically? We collect information about you automatically

We collect information about you automatically on our Sites and through emails that we send to you, including whether you click on or select links in our emails. We use a variety of technologies, such as cookies, web beacons, and similar mechanisms, as described further below, to collect Other

mechanisms, as described further below, to collect Other Information that helps us understand how our Sites are used and how you interact with information that we send you. Specifically, when you visit the Sites, we or our third-party service providers may automatically collect a variety of

service providers may automatically collect a variety of technical and navigational information about you via these technologies, including: your computer or device type; operating system version; browser type and version; user agent string; Internet connection type; mobile network

agent string; Internet connection type; mobile network provider; date and time of your visit; time since your last visit; web pages you view; links you click; searches conducted on the Sites; the internet protocol (IP) address used to access our Sites; your general geographic location (e.g.,

access our Sites; your general geographic location (e.g., your city, state, post code, or metropolitan region); and the website visited before our Sites. For more information about the information that is collected, please see the section below titled "Website Analytics and Interest-Based

below titled "Website Analytics and Interest-Based Advertising." We also may use similar tracking technologies in e-mails that we or third parties send to you, as further described below. To learn more about how our Sites use cookies, please visit the Vanguard Cookie Policy. Cookies: A

please visit the Vanguard Cookie Policy. Cookies: A cookie is a small file of letters and numbers that is stored on your computer, tablet, mobile phone, or other device when you visit a website. Cookies contain information that is transferred to or read on your device and allow websites to

transferred to or read on your device and allow websites to recognise devices and store certain information, such as user preferences. Cookies are used to distinguish you from other users of our Sites. This helps us to provide you with a useful experience when you browse our Sites and also allows us

experience when you browse our Sites and also allows us to improve our Sites. We and our third-party service providers use session cookies, which link your actions during a particular browser session and expire at the end of that session, as well as persistent cookies, which remain on your device

as well as persistent cookies, which remain on your device and allow us to remember your actions or preferences across multiple browser sessions. If you are concerned about having cookies on your computer, you can set your browser to refuse all cookies or to indicate when a cookie is being set,

refuse all cookies or to indicate when a cookie is being set, allowing you to decide whether to accept it. You can also delete cookies from your computer. The help feature on most web browsers will tell you how to prevent your browser from accepting new cookies, how to receive notice when a new cookie

new cookies, how to receive notice when a new cookie is set, and how to disable cookies altogether. However, if you choose to block or delete cookies, certain features of the Sites may not operate correctly. Information about how to opt out of the use of cookies for certain purposes (such as

to opt out of the use of cookies for certain purposes (such as interest-based advertising) is discussed below in the section titled "Third-Party Analytics and Interest-Based Advertising." Web beacons: The Sites or the e-mails that you receive from Vanguard Australia may use an application

you receive from Vanguard Australia may use an application known as a "web beacon" (also known as a "pixel tag" or "clear gif"). A web beacon is an electronic file that usually consists of a single-pixel image. We and our service providers may use web beacons and cookies to determine whether and when

use web beacons and cookies to determine whether and when you receive and open our e-mails; these beacons and cookies may also capture information such as the type of device, operating system, e-mail program, and web browser used to view the e-mail, the IP address from which you opened the e-mail,

the e-mail, the IP address from which you opened the e-mail, and whether you click on any links in the e-mail. These technologies enable us to gauge the effectiveness, relevance, and value of our e-mail communications, as well as to target relevant advertising to you and to measure the impact of

relevant advertising to you and to measure the impact of that advertising on your Vanguard relationships. We may combine Other Information with additional information that we have collected about you, including, where applicable, your name and other Personal Information. When we combine

your name and other Personal Information. When we combine Other Information with Personal Information, we treat all of the combined information as Personal Information. If you have registered for secure access on our Sites or accessed an e-mail we have sent you that includes a web beacon or sets a

an e-mail we have sent you that includes a web beacon or sets a cookie, we are able to combine the information we collect about your usage of our Sites with other information we know about you, such as any searches you conduct or information you request during your web session. We can also identify your

request during your web session. We can also identify your computer or device on each visit to our Sites, even if you do not log on, and determine whether you came to our Site by clicking on an e-mail link. This enables us to link information about your Site visits, as well as about Vanguard Australia

about your Site visits, as well as about Vanguard Australia ads that you may have viewed on other websites, to you. We may use this combined information to assess the appeal and usefulness of the information and tools offered on our Sites and the effectiveness of our e-mail communications and

and the effectiveness of our e-mail communications and online advertising, as well as to identify Vanguard Australia products and services that may be of interest to you. For more information about how we and our service providers use information for analytics and advertising purposes, please

for analytics and advertising purposes, please see the section below titled "Website Analytics and Interest-Based Advertising." 4. Use and Disclosure 4.1 How do we use Personal, Sensitive and Other information? We use the Personal, Sensitive and Other Information that we collect for the

Sensitive and Other Information that we collect for the purposes described in this Policy, for the purposes for which it was provided to us, as required by law, and for our business purposes, including: To establish and administer accounts and your relationship with us, to fulfill the terms of any

and your relationship with us, to fulfill the terms of any agreement you have with us, and to otherwise provide Vanguard Australia's products and services to you; To communicate with you, notify you about important updates or changes to Vanguard Australia's products and services, and address

Vanguard Australia's products and services, and address relevant inquiries or complaints; For marketing and promotional purposes, consistent with applicable law. For example, we may use your Personal Information, such as your e-mail address, to send you news and newsletters, or to

your e-mail address, to send you news and newsletters, or to otherwise contact you about products or information we think may be of interest to you. Although we hope you will find our promotional communications of interest, you may opt out of receiving them by following the "unsubscribe"

opt out of receiving them by following the "unsubscribe" instructions at the bottom of each communication. You may also elect to receive only certain kinds of communications from us using our online e-mail preference centre (if available). Please be aware that there is certain information we

Please be aware that there is certain information we are required by law to provide to you and you cannot opt out of receiving this information; To tailor the content, information, and advertising that we may send or display to you, including as discussed in the section below titled "Third-Party

as discussed in the section below titled "Third-Party Analytics and Interest-Based Advertising," to offer location customisation and personalised help and instructions, and to otherwise personalise your experiences while using the Sites. Please see the section below titled "Website

the Sites. Please see the section below titled "Website Analytics and Interest-Based Advertising" for information about how to opt out of tracking through third party analytics; To comply with our legal obligations and protect our legal rights, including, without limitation, to comply with

rights, including, without limitation, to comply with record-keeping, reporting, and tax obligations under applicable law (such as corporations, tax, managed investments or securities, superannuation, privacy and anti-money laundering laws); To count and recognise visitors to the

laundering laws); To count and recognise visitors to the Sites and various Site features and better understand how users access and use our Sites and Vanguard Australia products and services; To create new products and services or improve our existing products and services; To support Site

our existing products and services; To support Site performance, perform Site analytics, enhance Site navigation, and improve our web design and functionality; For Site and account security purposes; and For other research and analytical purposes. 4.2 To whom do we disclose Personal and

purposes. 4.2 To whom do we disclose Personal and Other Information? We may disclose Personal and Other Information to third parties for the following purposes, as permitted by law: Related Companies: We may disclose Personal, Sensitive and Other Information to our related bodies corporate

and Other Information to our related bodies corporate (Vanguard Related Companies) for the purposes described in this Policy. Vanguard Related Companies may contact you by e-mail, where permitted by law, to make you aware of Vanguard's product and service offerings. Service Providers: We

product and service offerings. Service Providers: We may disclose Personal and Other Information to our service providers, who use it to perform tasks on Vanguard Australia's behalf. Among other things, these service providers help us manage and improve the Sites, provide Vanguard

help us manage and improve the Sites, provide Vanguard Australia services, mail disclosures and statements to you, and administer your accounts. Our service providers may collect, process, and retain information about you, directly on behalf of Vanguard Australia. Vanguard Australia's

on behalf of Vanguard Australia. Vanguard Australia's service providers include: Any organisation or sub-contractor involved in providing, managing, or administering the Sites, related systems, or other Vanguard Australia services, such as administrators, insurers, mail houses,

services, such as administrators, insurers, mail houses, e-mail senders and providers, technology service providers, and third parties that provide analytics and advertising services as described in the section below titled "Website Analytics and Interest-Based Advertising"; and

"Website Analytics and Interest-Based Advertising"; and Vanguard Australia's auditors, consultants, legal advisors, and other professional advisors. Customer Agents: We may disclose Personal Information to your agents or representatives, including: Your financial advisor; Any

representatives, including: Your financial advisor; Any administrator or trustee for a fund or trust to which your investment or superannuation balance is to be transferred or rolled over; Your legal representative or attorney; A representative who is entitled to instruct on, or receive, the

who is entitled to instruct on, or receive, the proceeds from a deceased member’s or investor's account balance (for example a Legal Personal Representative, executor, or administrator) or any person we contact to assist us in that process; Your employer for superannuation purposes (but only

Your employer for superannuation purposes (but only to the extent required by law); Other financial institutions that hold an account in your name or on which you are authorised to act, for example, where amounts have been transferred to or from that account; and Other organisations that you have

or from that account; and Other organisations that you have authorised to receive your information, such as data aggregators, provided you have consented to Vanguard Australia's providing this information. Legal Purposes: We may use and disclose information about you as we believe

may use and disclose information about you as we believe reasonably necessary to protect the rights and property of Vanguard Australia and Vanguard Related Companies, including to establish legal claims or defences, to obtain legal advice, to defend our legal rights, to protect our rights or

advice, to defend our legal rights, to protect our rights or property and those of Vanguard Related Companies, to protect against fraud and abuse, to protect other users of our services and our Sites, and to protect the life, body, or property of others (individuals or entities). We also may

property of others (individuals or entities). We also may disclose information about you in order to comply with regulatory requirements, a judicial proceeding, court order, or other legal process, such as in response to a court order or subpoena, or where otherwise required by law. We may

or subpoena, or where otherwise required by law. We may disclose information to authorities investigating (or who could potentially investigate) alleged fraudulent or suspicious transactions in relation to your account or any other account on which you are authorised to act. Sale or Other

account on which you are authorised to act. Sale or Other Transfer of Vanguard Australia: We reserve the right to disclose information to facilitate the licensing, merger, sale, assignment, acquisition, financing, securitisation, insuring, bankruptcy, or other transfer of our technology

insuring, bankruptcy, or other transfer of our technology or business, or a portion thereof, to third parties, as permitted by applicable law. By agreeing to the terms of this Policy, you are consenting to this disclosure. Market Research: We also may provide information to market research

also may provide information to market research companies or Vanguard Related Companies for the purpose of assessing information about our business or client base. We may provide our clients' or prospective clients' contact details to market research companies to undertake research on

to market research companies to undertake research on behalf of Vanguard. For example, we may run client satisfaction surveys or run focus groups on proposed products. Marketing: We may also provide information to third parties who assist Vanguard Australia in providing market insights and

Vanguard Australia in providing market insights and information about products, services, or other marketing material that may be of interest to you. Direct Sharing through Third-Party Websites and Services: The Sites may enable you to share information directly with websites or online

you to share information directly with websites or online services operated by third parties. For example, the Sites contain features that allow you to share articles or content through Facebook, Google Plus, Twitter, LinkedIn, and other services, and to view content through video players and

services, and to view content through video players and other services (such as the YouTube video player). If you choose to use these features, you may disclose information to those websites or services and their users, and the public more generally. These websites and services may also set

more generally. These websites and services may also set and/or access a cookie on your device. Because these third-party websites and services are not operated by Vanguard Australia, we are not responsible for the content or practices of those websites or services. The collection, use, and

of those websites or services. The collection, use, and disclosure of information through these websites and services will be subject to the privacy policies of the third-party websites or services, and not this Policy. Competitions, Contests, and Promotions: Vanguard Australia may use an

Contests, and Promotions: Vanguard Australia may use an agency to run competitions, contests, or promotions on the Vanguard Australia Sites or elsewhere, and if you choose to participate, we or third parties may request your name, address, telephone number, e-mail address, and other

address, telephone number, e-mail address, and other information where it is necessary to ensure your eligibility and to comply with lottery and gaming regulations. In compliance with the relevant regulations, it may also be necessary to publish details of the winners of competitions in

to publish details of the winners of competitions in appropriate news media. Aggregated Information: From time to time, Vanguard Australia may share aggregated information about users of the Sites or Vanguard Australia's products and services, such as sharing reports on the usage of the

and services, such as sharing reports on the usage of the Sites or Vanguard Australia's services for regulatory reporting or marketing purposes. 4.3 Disclosure of Sensitive Information to third parties Disclosure of Sensitive information to third parties may be required from time to time for

to third parties may be required from time to time for the purposes of providing you products and services. We will always ensure that those to whom we disclose your Sensitive Information have the legal right to receive it. We will only disclose Sensitive Information where consent has been

disclose Sensitive Information where consent has been provided, however without consent we may not be able to process insurance applications or assess claims. 5. Website Analytics and Interest-Based Advertising We partner with third parties to collect the information discussed above to

parties to collect the information discussed above to engage in analysis, auditing, research, and reporting. These third parties may set and access cookies on your computer or other device and may use web beacons to collect information about your activity on the Sites. In particular, the Sites

about your activity on the Sites. In particular, the Sites use Adobe Analytics and Google Analytics to help collect and analyse certain information for the purposes discussed above. The information generated about your use of the Sites may be transmitted to and stored by Adobe Analytics and

may be transmitted to and stored by Adobe Analytics and Google Analytics on servers outside your country of residence. You may opt out of the use of cookies by Adobe Analytics here. You may opt out of the use of cookies by Google Analytics here. We also partner with third parties to provide targeted

We also partner with third parties to provide targeted advertising services that are customised based on your online activities over time and across unaffiliated websites ("Interest-Based Advertising"). These third parties may use cookies and web beacons to collect information about your

cookies and web beacons to collect information about your activity on our Sites, and they may combine it with information about your activity on other, unaffiliated websites. For example, third parties may use the fact that you visited the Sites to target ads for Vanguard services to you on

the Sites to target ads for Vanguard services to you on non-Vanguard Australia websites. In addition, our third-party advertising providers might use information about your use of the Sites to help target non-Vanguard Australia advertisements based on your online activity in general. For

based on your online activity in general. For more information about Interest-Based Advertising and how to opt out, please visit the Australian Digital Advertising Alliance (ADAA) opt-out page, available at http://www.youronlinechoices.com.au/opt-out/. Although our Sites currently

Although our Sites currently do not respond to "do not track" browser headers, you can limit tracking by taking the steps discussed above. The use of online tracking mechanisms by third parties is subject to those third parties' own privacy policies, and not this Policy. 6. Cross-Border Transfer

policies, and not this Policy. 6. Cross-Border Transfer of Information Vanguard Australia generally maintains centralised servers and systems in Australia and may maintain servers and systems elsewhere. These servers and systems are managed by or on behalf of The Vanguard Group, Inc. or

are managed by or on behalf of The Vanguard Group, Inc. or Vanguard Related Companies in or outside Australia. Vanguard Australia also may subcontract the processing of your data to, or otherwise share your data with, other third parties in Australia or countries other than your country of

in Australia or countries other than your country of residence. As a result, the Personal, Sensitive and Other Information that we collect through or in connection with the Sites may be transferred to and processed in Australia, the United States, or another jurisdiction outside Australia for

States, or another jurisdiction outside Australia for the purposes described above, pursuant to methods permitted by Australian laws for ensuring that information about you will be adequately protected. This list may be updated from time to time. The data protection laws in these countries

time to time. The data protection laws in these countries may be different from, and less stringent than, those in Australia. We take reasonable steps to ensure that the overseas recipients of your data are subject to appropriate contractual obligations to safeguard and protect your Personal,

obligations to safeguard and protect your Personal, Sensitive and Other Information and comply with applicable privacy obligations. By accepting this Policy, using the Sites, or by providing any Personal, Sensitive or Other Information to us, you expressly consent to such transfer and

to us, you expressly consent to such transfer and processing. 7. Information Quality Vanguard Australia relies on the accuracy of the information provided by its clients and others. We take reasonable efforts to ensure that Personal, Sensitive or Other Information collected by us or on our

Sensitive or Other Information collected by us or on our behalf is accurate, up to date, and complete, in accordance with applicable law. If any information about you changes or you have any concerns regarding the accuracy of information about you held by Vanguard Australia, you should contact us

about you held by Vanguard Australia, you should contact us at the address provided in the "Contact Us" section below. 8. Information Security and Retention We use commercially reasonable physical, electronic, and procedural safeguards to protect your Personal Information and Sensitive

to protect your Personal Information and Sensitive Information from loss, misuse, and unauthorised access, disclosure, alteration, and destruction in accordance with applicable law. Please be aware that despite our best efforts, no data security measures can guarantee 100% security all of

data security measures can guarantee 100% security all of the time. If you have online account access, we recommend that you take steps to protect against unauthorised access to your password, phone, and computer by, among other things, signing off after using a shared computer, choosing a

signing off after using a shared computer, choosing a robust password that nobody else knows or can easily guess, and keeping your log-in and password private. Vanguard Australia retains Personal Information and Sensitive Information for as long as necessary to provide our services to you, to

for as long as necessary to provide our services to you, to fulfill the purposes described in this Policy and/or our business purposes, or as required by law, regulation, or internal policy. If your Personal or Sensitive Information is involved in a data breach that is likely to result in serious

involved in a data breach that is likely to result in serious harm to you, we will notify you and the Office of the Australian Information Commissioner. 9. Choices, Access, and Correction of Information We provide you with the ability to access, review, correct, or inquire about information that

review, correct, or inquire about information that we hold about you, as required and permitted under applicable law. You also may have a right to oppose or limit the collection and processing of your information as described in this Policy, or to revoke your consent, although we may be unable to

or to revoke your consent, although we may be unable to provide services to you if you oppose this processing or if you revoke consent. If you would like to access, review, correct, or inquire about your information, place limitations on the collection or processing of your information, or revoke

collection or processing of your information, or revoke your consent, please send us a request at the address or e-mail provided in the "Contact Us" section below. In your message, please indicate the right you would like to exercise and the information that you would like to access, review or

and the information that you would like to access, review or correct. Please note that we may need to take additional steps, such as to verify your identity, before we can grant your request. As permitted by law, we will notify you of the basis for any denial of your request. If you would like Vanguard

for any denial of your request. If you would like Vanguard Australia to stop sending promotional communications to your e-mail address, you may opt out of receiving them by following the "unsubscribe" instructions at the bottom of each communication. You may also elect to receive only certain

communication. You may also elect to receive only certain kinds of communications from us using our online e-mail preference centre (if available). Please be aware that there is certain information we are required by law to provide to you and you cannot opt out of receiving this information. You

and you cannot opt out of receiving this information. You may opt out of the use of your information for analytics and online interest-based advertising by following the steps detailed above in the section titled "Website Analytics and Interest-Based Advertising." 10. Contact Us If you have any

Advertising." 10. Contact Us If you have any further questions relating to this Privacy Policy, wish to request access to or correct personal information we hold about you, or wish to lodge a complaint about the way in which we have handled your personal information, please do not hesitate to

your personal information, please do not hesitate to contact us: Mail: Client services Vanguard Australia GPO Box 3006 Melbourne VIC 3001 Phone: Client services 1300 655 101 (8:00 am to 6:00 pm Melbourne time, Monday to Friday) Email: clientservices@vanguard.com.au Vanguard Australia

clientservices@vanguard.com.au Vanguard Australia treats any complaints about our handling of personal information seriously. We will fully investigate any complaint you lodge with us and seek to provide a response as soon as practicable and, in general, no later than 30 days after the

practicable and, in general, no later than 30 days after the receipt of the initial complaint. If you are not satisfied with the outcome of your complaint you may refer the matter to external dispute resolution or the Office of the Australian Information Commissioner. The Information

Australian Information Commissioner. The Information Commissioner may be contacted at www.oaic.gov.au or by phone at 1300 363 992. 11. Changes to This Privacy Policy We will post changes to this Policy on our Sites along with the effective date of the changed policy. We recommend that you

effective date of the changed policy. We recommend that you review this Policy periodically. If we make a material change to this Policy, you will be provided with appropriate notice. Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal footer privacy policy.    | Vanguard Australia

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the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal footer terms and conditions.    | Vanguard Australia

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Elders past, present and emerging. d.com.au personal footer whistleblower policy.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers

account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsVanguard Whistleblower Policy Vanguard Whistleblower PolicyDownload the Vanguard Whistleblower Policy. Effective date: December 2021 Download Vanguard logoConnect with

date: December 2021 Download Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles Diversity & inclusion Our ESG approach Investment stewardship Invest with us About our platform About our products Fees

to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal home en.   Vanguard Australia Personal Investor | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments

JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard

logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments $0 brokerage when you buy Vanguard ETFsWith Personal Investor we keep your costs low so you can invest more in your future. Open an account View products

invest more in your future. Open an account View products Why us?Invest from as little as $200 Make regular investments from $200 using Auto Invest for Vanguard managed funds and ETFs, or one-off investments from $500.A low-cost and easy way to diversify Choose from a wide range of Vanguard

easy way to diversify Choose from a wide range of Vanguard managed funds and ETFs, including our ready-made portfolios, and the top ASX direct shares. Open an account in less than 10 minutes Start building your portfolio by opening a Vanguard Personal Investor Account*. It’s simple to invest and

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worldwide. Open an account Learn more *Fees and costs apply Choose your investment pathBuild your investment portfolio, your way.Select a ready-made portfolioNot sure where to start? We've designed a suite of ready-made diversified investment portfolios to make your investing journey as

investment portfolios to make your investing journey as easy as possible. View ready-made portfolios Browse all investment optionsBrowse our wide range of Vanguard managed funds and ETFs, or ASX direct shares. View all investment options A platform you’ll love using Your investing should be

A platform you’ll love using Your investing should be easy to do. We’ve made it that way. Invest with confidence Build and review your investment portfolio, trade, and access all your statements and reports. Invest on the go with the Vanguard app, available from the App Store or Google Play. Learn

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automated investments from just $200 into Vanguard managed funds and ETFs. Learn how to Auto Invest Invest for your kids Help grow your child's wealth over the long term with a Personal Investor Kids Account. Start investing regularly for them today from as little as $25 per fortnight, month or

for them today from as little as $25 per fortnight, month or quarter. Learn about our Kids Account Start investing in three easy stepsOpen a Vanguard Personal Investor Account today.Open accountIt takes less than 10 minutes. You’ll need your identification ready. Choose your productsChoose

your identification ready. Choose your productsChoose from a wide range of Vanguard managed funds and ETFs, including our ready-made portfolios, and the top ASX direct shares. Start investingStart investing today with just $200 using Auto Invest into Vanguard managed funds and ETFs, or make

Auto Invest into Vanguard managed funds and ETFs, or make one-off investments from $500. Open an account Learn more Explore a future with Vanguard Super Vanguard Super offers Australians a simpler, smarter option when it comes to their financial future. Enjoy expertly designed products and low

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Vanguard Super Latest articles What to expect in 2023 5 min read Markets and economy Read Vanguard's economic outlook and investment returns forecasts for 2023. Read more Why more ETF investors are backing bonds 7 min read ETFs The heavy inflows into bond ETFs comes down to two key factors. Read

inflows into bond ETFs comes down to two key factors. Read more New year, new investing habits 6 min read The basics The new year is a great time to get into financial shape. Here's some simple steps to develop new investing habits. Read more 2022 | CanstarProvider of the Year - Exchange Traded

more 2022 | CanstarProvider of the Year - Exchange Traded FundsAwarded 2020-2022Investing in your successWe’ve been recognised year after year as one of Australia’s leading investment companies.Our commitment to excellence and expertise in the investment industry has earned us more than 40

in the investment industry has earned us more than 40 awards in Australia over the last decade.   See our awards Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal home en investment products.   View all products | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main

an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsTwo ways to invest All products Ready-made portfolio All products Ready-made portfolio Select from our wide range of

Ready-made portfolio Select from our wide range of products, including managed funds, ETFs and ASX direct shares.*The fees disclosed on this page are the management fees. Other costs apply. Refer to the PDS. Funds & ETFs Overview Detailed ** This Fund applies a Performance Fee (positive or

** This Fund applies a Performance Fee (positive or negative) on a sliding scale depending on how the Fund performs relative to its benchmark. If the Fund outperforms its benchmark, the Performance Fee increases proportionately by the rate set out in the Product Disclosure Statement.

by the rate set out in the Product Disclosure Statement. Conversely, if the Fund underperforms its benchmark the Performance Fee decreases proportionately by the same rate – please refer to the PDS for further information relating to the calculation of these fees. Important notes about ETF /

the calculation of these fees. Important notes about ETF / Active ETF Generally only Authorised Participants, that is, persons who have entered into an Authorised Participant Agreement with Vanguard, can apply to create and redeem ETF / Active ETF securities directly with Vanguard. Other

ETF / Active ETF securities directly with Vanguard. Other investors must buy and sell ETF / Active ETF securities on the secondary market through the ASX, with the assistance of their broker or adviser. In doing so, the investor will incur brokerage and may pay more than the net asset value price

brokerage and may pay more than the net asset value price when buying and receive less than the net asset value price when selling. All ETF / Active ETF products are subject to market risk which may result in possible delays in repayment and loss of income and capital invested. None of The Vanguard

loss of income and capital invested. None of The Vanguard Group, Inc., including Vanguard Investments Australia Ltd, or their related entities, directors or officers gives any guarantee or assurance as to the performance of, or the repayment of capital or income reinvested in, the Vanguard ETF

of capital or income reinvested in, the Vanguard ETF / Active ETF. Members of The Vanguard Group, Inc., and its related entities, may invest in, lend to or provide other services to the ETF / Active ETF. Vanguard has sufficient working capital to enable it to operate the ETF / Active ETF as outlined in

to enable it to operate the ETF / Active ETF as outlined in the PDS. Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with

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Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in

with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsAbout our productsBuild your portfolio your way with our wide range of investment products.What can I invest in? By asset class Ready-made portfolios By asset class

in? By asset class Ready-made portfolios By asset class Ready-made portfolios Invest into managed funds and exchange traded funds (ETFs) covering different asset classes including Australian and international equities (shares), fixed income (bonds), property, infrastructure, and cash.

income (bonds), property, infrastructure, and cash. DiversifiedUse our ready-made diversified investment portfolios to invest across multiple asset classes including equities and fixed income. Choose from conservative, balanced, growth, or high-growth strategies, with higher or

growth, or high-growth strategies, with higher or lower exposures to shares and fixed income, depending on your investment goals and appetite for risk. View products Australian equities (shares)Use our managed funds and ETFs to invest in companies listed on the Australian Securities

to invest in companies listed on the Australian Securities Exchange (ASX). You can use Australian equities products to invest in the top 300 companies on the ASX or different segments of the Australian share market. View products International equities (shares)Use our managed funds and ETFs to

equities (shares)Use our managed funds and ETFs to invest in the world’s biggest companies, in key markets including the United States, Japan, and United Kingdom. You can use international equities products to invest in thousands of companies across multiple world markets, specific regions,

across multiple world markets, specific regions, different market segments, and strategies including our ethically conscious products range. View products InfrastructureUse our managed funds and ETFs to invest in the world’s biggest infrastructure companies in North America, the

biggest infrastructure companies in North America, the Asia-Pacific and Europe. You can use infrastructure fund products to invest in hundreds of companies owning large assets such as electricity and gas networks, roads, railroads, pipelines, and telecommunications services and

pipelines, and telecommunications services and equipment. View products PropertyUse our managed funds and ETFs to invest in property securities listed on the ASX and in developed countries. You can use property fund products to invest in hundreds of real estate investment trusts and

to invest in hundreds of real estate investment trusts and companies that own retail, office, industrial and diversified property assets. View products Fixed income (bonds)Use our managed funds and ETFs to invest in Australian and international fixed income securities. You can use fixed

international fixed income securities. You can use fixed income fund products to invest in thousands of high-quality bond issues by governments, government authorities, listed companies, and strategies including our ethically conscious products range. View products CashUse our managed

products range. View products CashUse our managed fund cash product that aims to provide current income while seeking to maintain liquidity and a relatively stable capital value. The fund invests in high-quality, short-term money market instruments and short-dated debt securities,

market instruments and short-dated debt securities, including certificates of deposit, banker’s acceptances, commercial paper, euro commercial paper, government securities and other short-term debt securities. View products How can I invest?Invest easily using Vanguard’s wide range

How can I invest?Invest easily using Vanguard’s wide range of managed funds and ETFs. Vanguard managed fundsA low-cost, simple way for you to diversify your portfolio.Invest broadly across different asset classes, regions, and market sectors.Easy access through the Vanguard Personal

market sectors.Easy access through the Vanguard Personal Investor platform.Use Auto Invest to make regular automated investments from as little as $200, or make one-off investments from just $500. Learn more Vanguard ETFsGet all the benefits of our managed funds with the flexibility of ASX

benefits of our managed funds with the flexibility of ASX market trading.Invest broadly across different asset classes, regions, and market sectors.Easy access through the Vanguard Personal Investor platform.Set-up Auto Invest and make regular automated investments from as little as

and make regular automated investments from as little as $200, or make one-off investments from just $500. Pay $0 brokerage, however you invest*.*Other fees and costs apply, including a flat $9 brokerage fee to sell. Learn more You can also invest in ASX direct shares through Vanguard Personal

also invest in ASX direct shares through Vanguard Personal Investor Get easy access to the top 300 ASX-listed companies. Complement your Vanguard managed fund and ETF investments with shares in individual companies. Easy access through the Vanguard Personal Investor platform. Make one-off

the Vanguard Personal Investor platform. Make one-off investments from just $500 and pay a low, flat brokerage fee of $9 per trade*. *Other fees and costs apply. Learn more Our approach to ESG investing Helping you to reflect your values and achieve your long-term financial goals.     View our ESG

and achieve your long-term financial goals.     View our ESG products Learn more New to investing? We’re here to help you get off to a great start, whatever your level of investing knowledge. Ready-made portfolios based on the level of risk you want to take. Education guides to help you make more

risk you want to take. Education guides to help you make more informed investment decisions. Explanations of confusing financial terms. View ready-made portfolios More about investing with usAbout our platform About our products Fees and costs Account types Exchange Traded Funds (ETFs)

Fees and costs Account types Exchange Traded Funds (ETFs) Managed funds Ready-made portfolios View all products Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us about our products about our products ready made.   About our products - Ready-made | Vanguard Australia Personal Investor  You need

centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsAbout our productsBuild your portfolio your way with our wide range of investment

your portfolio your way with our wide range of investment products.What can I invest in? By asset class Ready-made portfolios By asset class Ready-made portfolios Each ready-made portfolio gives you access to multiple asset classes, like shares, bonds, property and cash in a single investment

shares, bonds, property and cash in a single investment fund.  Spreading your money across different types of assets may help to reduce your risk. ConservativeInvestors with a short to medium term investment horizon, seeking a steady source of income with some capital growth potential. View

source of income with some capital growth potential. View products BalancedInvestors with a medium term investment horizon, seeking to balance between income and capital growth potential. View products GrowthInvestors seeking long-term capital growth, but requiring some

seeking long-term capital growth, but requiring some diversification benefits of fixed interest to reduce volatility. View products High GrowthInvestors seeking long-term capital growth and with a higher tolerance for the risks associated with share market volatility. View products How

with share market volatility. View products How can I invest?Invest easily using Vanguard’s wide range of managed funds and ETFs. Vanguard managed fundsA low-cost, simple way for you to diversify your portfolio.Invest broadly across different asset classes, regions, and market

across different asset classes, regions, and market sectors.Easy access through the Vanguard Personal Investor platform.Use Auto Invest to make regular automated investments from as little as $200, or make one-off investments from just $500. Learn more Vanguard ETFsGet all the benefits of

just $500. Learn more Vanguard ETFsGet all the benefits of our managed funds with the flexibility of ASX market trading.Invest broadly across different asset classes, regions, and market sectors.Easy access through the Vanguard Personal Investor platform.Make one-off investments from

Investor platform.Make one-off investments from just $500, pay $0 brokerage on all purchases and just $9 on sales*.*Other fees and costs apply. Learn more You can also invest in ASX direct shares through Vanguard Personal Investor Get easy access to the top 300 ASX-listed companies. Complement

access to the top 300 ASX-listed companies. Complement your Vanguard managed fund and ETF investments with shares in individual companies. Easy access through the Vanguard Personal Investor platform. Make one-off investments from just $500 and pay a low, flat brokerage fee of $9 per trade.

just $500 and pay a low, flat brokerage fee of $9 per trade. Learn more Our approach to ethical investing Helping you to reflect your values and achieve your long-term financial goals. Being ethically conscious is part of our management ethos.     View our ESG products Learn more New to investing?

ethos.     View our ESG products Learn more New to investing? We’re here to help you get off to a great start, whatever your level of investing knowlege. Ready-made portfolios based on the level of risk you want to take. Education guides to help you make more informed investment decisions.

to help you make more informed investment decisions. Explanations of confusing financial terms. View ready-made portfolios More about investing with usAbout our platform About our products Fees and costs Account types Exchange Traded Funds (ETFs) Managed funds Ready-made portfolios View

Funds (ETFs) Managed funds Ready-made portfolios View all products Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with

to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us about our products asx direct shares.   About ASX direct shares | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main

an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsASX direct sharesBuy individual direct shares listed on the Australian Securities Exchange (ASX).About sharesShares are

Securities Exchange (ASX).About sharesShares are issued by companies and provide you with a level of ownership based on how much money you invest. Shares of public companies can be readily bought or sold on stock exchanges through a stockbroker. When you buy a company's shares directly, you're

When you buy a company's shares directly, you're buying a financial interest in its potential growth. The value of your investment is determined by the company's share price, which generally will move up and down on a daily basis depending on a range of factors. You may also receive ongoing income

on a range of factors. You may also receive ongoing income payments if the company chooses to pay dividends. There are more than 2,000 companies listed on the Australian Securities Exchange (ASX) alone, with the top 300 listed companies making up most of the market's total value. How do I buy direct

up most of the market's total value. How do I buy direct shares? You can invest in the top 300 ASX direct shares by opening a Vanguard Personal Investor Account. You can invest in the top 300 ASX direct shares by opening a Vanguard Personal Investor Account. You can simply transfer money into your

Investor Account. You can simply transfer money into your Vanguard Cash Account from your bank to make one-off investments from just $500. Once you’re ready to invest, login to your account and click on ‘Products’, then select ‘Shares’. Type in the name of the company (or its ASX code) you’d like to

Type in the name of the company (or its ASX code) you’d like to invest in, then click ‘Invest’. Direct shares can be bought during ASX market trading hours (10am to 4pm AET) in two ways. You can either buy them at the current market price of the share at the time of the trade, or you can choose the maximum

share at the time of the trade, or you can choose the maximum price (limit) you're willing to pay. A limit order trade will only be filled when or if your chosen price is reached. The same steps apply when selling direct shares. There is a $9 flat brokerage fee per trade on direct shares available on

flat brokerage fee per trade on direct shares available on Vanguard Personal Investor. Shares can also be bought and sold on the ASX through other online stockbroking platforms.   Open an account today View ASX direct shares Benefits of sharesDirect shares can be used as part of a broader,

of sharesDirect shares can be used as part of a broader, diversified investment portfolio.Growth potentialShares give you an opportunity to participate in a company's growth over time. Your investment will grow in value if the share price of the company you've invested in increases. But your

price of the company you've invested in increases. But your investment will drop in value if the share price of the company falls.Income potentialShares can provide you with income if the company you invest in chooses to pay a dividend amount per share. This is not always the

to pay a dividend amount per share. This is not always the case.LiquidityAustralian direct shares can easily be bought and sold on the share market. When you sell direct shares, the proceeds are generally paid to you within a few business days.Other investment optionsManaged fundsCombine the

days.Other investment optionsManaged fundsCombine the benefits of ETFs with the flexibility to invest your chosen dollar amount at a set daily price, and make regular contributions brokerage free. Learn more Exchange traded funds (ETFs)Combine the flexibility of trading individual shares

the flexibility of trading individual shares with the built-in diversification and low costs of managed funds. Pay $0 brokerage on Vanguard ETF purchases and just $9 on sales with Vanguard Personal Investor. Learn more More about investing with usAbout our platform About our products Fees and

our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us about our products etfs.html.   About Exchange Traded Funds (ETFs) | Vanguard Australia Personal Investor  You need

(ETFs) | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log

centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments Exchange tradedfunds (ETFs)Join Australia's No. 1 ETF provider. View products

(ETFs)Join Australia's No. 1 ETF provider. View products Open an account Understanding ETFsVanguard's exchange traded funds (ETFs) are an easy, low-cost way for you to invest in many companies at once, or securities such as bonds. ETFs are traded on the stock exchange (ASX) and offer broad

ETFs are traded on the stock exchange (ASX) and offer broad exposure to the Australian share market, international markets, and different sectors.Low costsOur ETFs are low cost, so you keep more of your returns. Start investing from just $500.DiversifiedIn a single investment, ETFs provide

$500.DiversifiedIn a single investment, ETFs provide access to hundreds and sometimes thousands of shares, bonds, or both, so you spread out your investment risk.EasyYou can buy or sell our ETFs easily during ASX market hours (Mon-Fri, 10am to 4pm AET) through a Vanguard Personal Investor

10am to 4pm AET) through a Vanguard Personal Investor Account or a stockbroker.Price controlETFs offer the option to create a limit order to trade at the chosen price you’re willing to buy or sell.Real-time trading ETF prices are not fixed and will typically move up and down throughout every

fixed and will typically move up and down throughout every market trading session.Flat brokerageWith Vanguard Personal Investor you pay $0 brokerage on Vanguard ETF purchases and a flat $9 fee on sales.Why invest in ETFs with Vanguard?Simple, secure access Invest easily, and monitor your

secure access Invest easily, and monitor your portfolio, through both the Vanguard Personal Investor platform and our mobile app. Expert management Vanguard ETFs are professionally managed by expert investment teams around the world. Low-cost, high-quality investments Our low-cost ETFs

Low-cost, high-quality investments Our low-cost ETFs give you access to a world of high-quality investment opportunities. View our ETFs How can I invest in Vanguard ETFs?Just like shares, you can invest in Vanguard’s low-cost ETFs directly by opening a Vanguard Personal Investor Account. You

by opening a Vanguard Personal Investor Account. You can simply transfer money into your Vanguard Cash Account from your bank to begin investing. Once you’re ready to invest, login to your account and click on your chosen ETFs, then click on ‘Invest’. There’s $0 brokerage when you buy Vanguard

on ‘Invest’. There’s $0 brokerage when you buy Vanguard ETFs and a flat $9 fee on sales. An easy-to-use investment platformVanguard Personal Investor makes it easy to move ahead with your investments. You’ll have access to our wide range of products, our digital portal – Vanguard Online – and our

of products, our digital portal – Vanguard Online – and our mobile app, making it easy to stay on top of your investments and how they’re performing. Open an account Learn more about ETFsWe have plenty of insights and resources to help you understand the benefits of investing in ETFs with Vanguard.7

the benefits of investing in ETFs with Vanguard.7 min readDividends and distributions ETFs The Basics Find out the difference between the two and how they work when it comes to ETFs. Learn more 5 min readTax and ETFs ETFs The Basics 5 ways ETFs can help you achieve better tax outcomes Learn more 6 min

can help you achieve better tax outcomes Learn more 6 min readHow often should you check investment returns? Investment Strategy It's natural to want to monitor your portfolio value, but how often is too often? Learn more Other investment optionsASX direct sharesBuild your portfolio your way.

optionsASX direct sharesBuild your portfolio your way. Invest in the top 300 ASX shares (by market capitalisation). Brokerage fees apply. Learn more Managed fundsCombine the benefits of ETFs with the flexibility to invest your chosen dollar amount at a set daily price, and make regular

chosen dollar amount at a set daily price, and make regular contributions brokerage free. Learn more More about investing with usAbout our platform About our products Fees and costs Account types Exchange Traded Funds (ETFs) Managed funds Ready-made portfolios View all products Join 30

funds Ready-made portfolios View all products Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard

Elders past, present and emerging. d.com.au personal invest with us about our products etfs.   About Exchange Traded Funds (ETFs) | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia

Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments Exchange tradedfunds (ETFs)Join Australia's No. 1 ETF provider. View products Open an account Understanding ETFsVanguard's exchange traded funds (ETFs) are an easy, low-cost way for you to

traded funds (ETFs) are an easy, low-cost way for you to invest in many companies at once, or securities such as bonds. ETFs are traded on the stock exchange (ASX) and offer broad exposure to the Australian share market, international markets, and different sectors.Low costsOur ETFs are low cost,

and different sectors.Low costsOur ETFs are low cost, so you keep more of your returns. Start investing from just $500.DiversifiedIn a single investment, ETFs provide access to hundreds and sometimes thousands of shares, bonds, or both, so you spread out your investment risk.EasyYou can buy or

so you spread out your investment risk.EasyYou can buy or sell our ETFs easily during ASX market hours (Mon-Fri, 10am to 4pm AET) through a Vanguard Personal Investor Account or a stockbroker.Price controlETFs offer the option to create a limit order to trade at the chosen price you’re willing to

a limit order to trade at the chosen price you’re willing to buy or sell.Real-time trading ETF prices are not fixed and will typically move up and down throughout every market trading session.Flat brokerageWith Vanguard Personal Investor you pay $0 brokerage on Vanguard ETF purchases and a flat

you pay $0 brokerage on Vanguard ETF purchases and a flat $9 fee on sales.Why invest in ETFs with Vanguard?Simple, secure access Invest easily, and monitor your portfolio, through both the Vanguard Personal Investor platform and our mobile app. Expert management Vanguard ETFs are

and our mobile app. Expert management Vanguard ETFs are professionally managed by expert investment teams around the world. Low-cost, high-quality investments Our low-cost ETFs give you access to a world of high-quality investment opportunities. View our ETFs How can I invest in Vanguard

opportunities. View our ETFs How can I invest in Vanguard ETFs?Just like shares, you can invest in Vanguard’s low-cost ETFs directly by opening a Vanguard Personal Investor Account. You can simply transfer money into your Vanguard Cash Account from your bank to begin investing. Once you’re

Cash Account from your bank to begin investing. Once you’re ready to invest, login to your account and click on your chosen ETFs, then click on ‘Invest’. There’s $0 brokerage when you buy Vanguard ETFs and a flat $9 fee on sales. An easy-to-use investment platformVanguard Personal Investor makes

investment platformVanguard Personal Investor makes it easy to move ahead with your investments. You’ll have access to our wide range of products, our digital portal – Vanguard Online – and our mobile app, making it easy to stay on top of your investments and how they’re performing. Open an

top of your investments and how they’re performing. Open an account Learn more about ETFsWe have plenty of insights and resources to help you understand the benefits of investing in ETFs with Vanguard.7 min readDividends and distributions ETFs The Basics Find out the difference between the two

ETFs The Basics Find out the difference between the two and how they work when it comes to ETFs. Learn more 5 min readTax and ETFs ETFs The Basics 5 ways ETFs can help you achieve better tax outcomes Learn more 6 min readHow often should you check investment returns? Investment Strategy It's natural to

investment returns? Investment Strategy It's natural to want to monitor your portfolio value, but how often is too often? Learn more Other investment optionsASX direct sharesBuild your portfolio your way. Invest in the top 300 ASX shares (by market capitalisation). Brokerage fees apply.

shares (by market capitalisation). Brokerage fees apply. Learn more Managed fundsCombine the benefits of ETFs with the flexibility to invest your chosen dollar amount at a set daily price, and make regular contributions brokerage free. Learn more More about investing with usAbout our

free. Learn more More about investing with usAbout our platform About our products Fees and costs Account types Exchange Traded Funds (ETFs) Managed funds Ready-made portfolios View all products Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor

in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles Diversity & inclusion

Our team Our awards Our principles Diversity & inclusion Our ESG approach Investment stewardship Invest with us About our platform About our products Fees & costs Account types Learn Plain talk library Smart Investing Support Contact us FAQs Security & fraud Accessibility Forms and notices PDS

FAQs Security & fraud Accessibility Forms and notices PDS and offer documents Tools and calculators Make a complaint GENERAL ADVICE WARNING Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal Investor.

to provide some services for Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively, “Vanguard”).We have not taken your or your clients' objectives, financial situation or needs into account when

Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us about our products managed funds.html.

invest with us about our products managed funds.html.   About Managed Funds | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional

Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments Managed

with usLearnSupportYou Are ViewingInvestments Managed fundsStart investing from $200 with Vanguard Personal Investor. View products Open an account Understanding managed fundsVanguard managed funds are an easy, low-cost way for you to invest. They pool together the money invested by many

you to invest. They pool together the money invested by many people and use it to invest in many companies at once, or securities such as bonds.Low costsOur managed funds are low cost, so you keep more of your returns. Start investing from just $500, or $200 using Auto Invest.DiversifiedIn a single

$500, or $200 using Auto Invest.DiversifiedIn a single investment, managed funds provide access to hundreds and sometimes thousands of shares, bonds, or both, so you spread out your investment risk.EasyYou can buy and sell managed funds easily and quickly through a Vanguard Personal Investor

easily and quickly through a Vanguard Personal Investor Account.FlexibilityManaged fund units can be bought in fractions, so you can choose the exact dollar amount that you want to invest.Regular investmentsIt’s easy to make regular automated investments into Vanguard managed funds, which

automated investments into Vanguard managed funds, which over time will average out the price per unit that you pay.No brokerageThere are no brokerage fees when you invest in Vanguard managed funds because they’re not listed on the stock exchange (ASX).Why invest in managed funds with

the stock exchange (ASX).Why invest in managed funds with Vanguard?Simple, secure access Invest easily, and monitor your portfolio, through both the Vanguard Personal Investor platform and our mobile app. Expert management Vanguard funds are professionally managed by expert investment

funds are professionally managed by expert investment teams around the world. Low-cost, high-quality investments Our low-cost managed funds give you access to a world of high-quality investment opportunities. View our managed funds How can I invest in Vanguard managed funds? Invest

funds How can I invest in Vanguard managed funds? Invest directly through Vanguard Personal Investor with an initial investment of $500, or $200 using Auto Invest. You can invest in Vanguard’s low-cost managed funds directly by opening a Vanguard Personal Investor Account. Set up an Auto Invest

a Vanguard Personal Investor Account. Set up an Auto Invest direct debit plan within your Vanguard Personal Investor Account to make regular automated investments into one or more of our managed funds. Or you can simply transfer money into your Vanguard Cash Account from your bank to make one-off

your Vanguard Cash Account from your bank to make one-off investments. Once you’re ready to invest, login to your account and click on your chosen managed funds. Enter the amount you’d like to invest and then follow the online prompts to complete your investment transaction. There are no

to complete your investment transaction. There are no brokerage fees payable on Vanguard managed funds.   Learn more about managed fundsWe have plenty of insights and resources to help you understand the benefits of investing in managed funds with Vanguard. 8 min readThe benefits of regular

funds with Vanguard. 8 min readThe benefits of regular investing Investing strategy Learn why setting up automatic investments and dollar-cost averaging are powerful Learn more 5 min readWhat's your risk profile? Investment strategy Your attitude to risk is one of the most important factors

Your attitude to risk is one of the most important factors to consider when it comes Learn more 6 min readHow often should you check investment returns? Investment Strategy It's natural to want to monitor your portfolio value, but how often is too often? Learn more An easy-to-use investment

often is too often? Learn more An easy-to-use investment platformVanguard Personal Investor makes it easy to move ahead with your investments. You’ll have access to our wide range of products, our digital portal – Vanguard Online – and our mobile app, making it easy to stay on top of your

– and our mobile app, making it easy to stay on top of your investments and how they’re performing. Open an account Other investment optionsASX direct sharesBuild your portfolio your way. Invest in the top 300 ASX shares (by market capitalisation). Brokerage fees apply. Learn more Exchange

Brokerage fees apply. Learn more Exchange traded funds (ETFs)Combine the flexibility of trading individual shares with the built-in diversification and low costs of managed funds. Pay $0 brokerage on Vanguard ETF purchases and just $9 on sales with Vanguard Personal Investor. Learn more More

on sales with Vanguard Personal Investor. Learn more More about investing with usAbout our platform About our products Fees and costs Account types Exchange Traded Funds (ETFs) Managed funds Ready-made portfolios View all products Join 30 million others worldwide investing in their

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us about our products managed funds.

personal invest with us about our products managed funds.   About Managed Funds | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us account types company.   Company

personal invest with us account types company.   Company accounts | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media

Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsAccount typesVanguard

Are ViewingInvestmentsAccount typesVanguard Personal Investor has a range of account types available. Before opening an account, please review the account type's eligibility criteria and what you'll need. Individual Joint SMSF Company Trust Kids   Company account  Important

Joint SMSF Company Trust Kids   Company account  Important information: Vanguard Personal Investor company accounts are only available to companies that meet the following criteria: Proprietary CompanyThe company must be a proprietary company and solely a tax resident of

must be a proprietary company and solely a tax resident of Australia.Non-foreign controlledThe company isn't controlled by a foreign person(s).Australian ShareholdersThe company shareholders comprise solely of individual persons residing in Australia.Company officersThe company has

residing in Australia.Company officersThe company has no more than 10 company officers (directors and company secretary) associated to the company.The company is not an investment platform, a custodian, or a regulated entity or institution holding an Australian Financial Services

or institution holding an Australian Financial Services Licence* for the purposes of undertaking investment activities on behalf of others. *Note that a domestic company registered with ASIC is not the same as an ASIC regulated company. An ASIC regulated company requires an Australian

company. An ASIC regulated company requires an Australian Financial Services Licence (AFSL). Open an account today Company officer requirements To open a Vanguard Personal Investor company account, each applicant that is an authorised company officer must: Australian residentBe an

company officer must: Australian residentBe an Australian resident aged +18 years and have the authority to make this application on behalf of the company.Director or Company secretaryBe a director of the company or the company secretary.Australian residential addressHave an Australian

residential addressHave an Australian residential address.Australian mobile numberHave an Australian mobile number and email address.What you'll need to open a company account To open a Vanguard Personal Investor company account, the primary applicant will need to have the following

the primary applicant will need to have the following ready:Australian mobile numberHaving your mobile number is an added level of security.IdentificationYou may need your passport or an Australian driver's licence.Bank account detailsYou'll need an Australian bank account BSB and

detailsYou'll need an Australian bank account BSB and account number in the name of the company.Australian Company NumberWe'll use the ACN to verify the company information with ASIC. Open an account today Additional information you need to know*You can open a Vanguard Personal Investor

you need to know*You can open a Vanguard Personal Investor Account if you have a financial adviser. However, at this stage your financial adviser won’t be able to access your account. You do not need to have a financial adviser to open an account. *For fees, costs and minimums, please click here

account. *For fees, costs and minimums, please click here More about investing with usAbout our platform About our products Fees and costs Account types Exchange Traded Funds (ETFs) Managed funds Ready-made portfolios View all products Join 30 million others worldwide investing in their

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us account types individual.

personal invest with us account types individual.   Individual accounts | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional

Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsAccount

with usLearnSupportYou Are ViewingInvestmentsAccount typesVanguard Personal Investor has a range of account types available. Before opening an account, please review the account type's eligibility criteria and what you'll need. Individual Joint SMSF Company Trust Kids   Individual

Individual Joint SMSF Company Trust Kids   Individual account  Eligibility: To open a Vanguard Personal Investor individual account, you must: 18+ yearsYou're an Australian resident aged 18 years or over.Australian residentHave an Australian residential address.Australian tax

an Australian residential address.Australian tax residentYou're an Australian primary tax resident.Australian mobileYou have an Australian mobile number and bank account. Open an account today What you'll need To open a Vanguard Personal Investor individual account, please make sure you

Investor individual account, please make sure you have the following ready:Australian mobile numberHaving your mobile number is an added level of security.IdentificationYou may need your passport, Medicare card or an Australian driver's licence.Bank account detailsYou'll need an

driver's licence.Bank account detailsYou'll need an Australian bank account BSB and account number.Tax detailsChoose to add your TFN or claim a tax exemption. Open an account today Additional information you need to know*You can open a Vanguard Personal Investor Account if you have a

can open a Vanguard Personal Investor Account if you have a financial adviser. However, at this stage your financial adviser won’t be able to access your account. You do not need to have a financial adviser to open an account. *For fees, costs and minimums, please click here More about investing

and minimums, please click here More about investing with usAbout our platform About our products Fees and costs Account types Exchange Traded Funds (ETFs) Managed funds Ready-made portfolios View all products Join 30 million others worldwide investing in their futureOpening a Vanguard

worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles

Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us account types joint.   Joint accounts |

invest with us account types joint.   Joint accounts | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre

Are ViewingInvestmentsAccount typesVanguard Personal Investor has a range of account types available. Before opening an account, please review the account type's eligibility criteria and what you'll need. Individual Joint SMSF Company Trust Kids   Joint account  Joint account

SMSF Company Trust Kids   Joint account  Joint account eligibility for both applicants. To open a Vanguard Personal Investor joint account, both applicants must:  18+ yearsYou're an Australian resident aged 18 years or over.Australian residentHave an Australian residential

over.Australian residentHave an Australian residential address.Australian tax residentYou're an Australian primary tax resident.Australian mobileYou have an Australian mobile number and bank account. Open an account today What you'll need To open a Vanguard Personal Investor

today What you'll need To open a Vanguard Personal Investor individual account, please make sure you have the following ready:Australian mobile numberHaving your mobile number is an added level of security.IdentificationYou may need your passport, Medicare card or an Australian driver's

your passport, Medicare card or an Australian driver's licence.Bank account detailsYou'll need an Australian bank account BSB and account number.Tax detailsChoose to add your TFN or claim a tax exemption. Open an account today Additional information you need to know*You can open a Vanguard

information you need to know*You can open a Vanguard Personal Investor Account if you have a financial adviser. However, at this stage your financial adviser won’t be able to access your account. You do not need to have a financial adviser to open an account. *For fees, costs and minimums, please

to open an account. *For fees, costs and minimums, please click here More about investing with usAbout our platform About our products Fees and costs Account types Exchange Traded Funds (ETFs) Managed funds Ready-made portfolios View all products Join 30 million others worldwide investing in

all products Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us account types kids.   Kids accounts |

personal invest with us account types kids.   Kids accounts | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre

Are ViewingInvestmentsAccount typesVanguard Personal Investor has a range of account types available. Before opening an account, please review the account type's eligibility criteria and what you'll need. Individual Joint SMSF Company Trust Kids   Kids account  Eligibility: As the parent

Trust Kids   Kids account  Eligibility: As the parent or guardian, you have full control and responsibility for the kid's account. To open a Personal Investor Kids account, you must: 18+ yearsBe an Australian resident aged 18 years or over.Younger than 18You're opening the account for a child

over.Younger than 18You're opening the account for a child under the age of 18.Personal Investor account holderHave an existing eligible Personal Investor account. Open an account.Australian tax residentYour child must be solely an Australian tax resident. Learn more about our kids account

Australian tax resident. Learn more about our kids account What you'll need To open a Vanguard Personal Investor Kids account, please make sure you have the following ready:An existing individual Personal Investor accountAs the parent or guardian you'll first need to open your own eligible

or guardian you'll first need to open your own eligible Personal Investor account or log in to your existing account before you can open a kids account.Australian addressYou will need to provide your child's residential address.Bank account detailsYou'll need an Australian bank account BSB

account detailsYou'll need an Australian bank account BSB and account number. If you choose to add a child's bank account you will need authority to operate the account.Investing with your kidsGrow your kids' wealth for the long term with our Personal Investor Kids account.  Start investing

with our Personal Investor Kids account.  Start investing regularly today from as little as $25 per fortnight, month or quarter. Learn more about our kids account Additional information you need to know*You can open a Vanguard Personal Investor Account if you have a financial adviser. However,

Investor Account if you have a financial adviser. However, at this stage your financial adviser won’t be able to access your account. You do not need to have a financial adviser to open an account. *For fees, costs and minimums, please click here More about investing with usAbout our platform

click here More about investing with usAbout our platform About our products Fees and costs Account types Exchange Traded Funds (ETFs) Managed funds Ready-made portfolios View all products Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor

Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us account types smsf.   SMSF accounts |

personal invest with us account types smsf.   SMSF accounts | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre

Are ViewingInvestmentsAccount typesVanguard Personal Investor has a range of account types available. Before opening an account, please review the account type's eligibility criteria and what you'll need. Individual Joint SMSF Company Trust Kids   SMSF account  Eligibility: To open a

Company Trust Kids   SMSF account  Eligibility: To open a Vanguard Personal Investor SMSF account, you need to confirm, in your capacity as trustee of a regulated self-managed super fund or as a director of a company that's trustee of your SMSF, that: 18+ yearsYou're an Australian resident aged

SMSF, that: 18+ yearsYou're an Australian resident aged 18 years or over.AuthorityYou have the authority to make this application on behalf of the SMSF and associated trustees.Australian tax residentYou're an Australian primary tax resident.Australian mobileYou have an Australian mobile

resident.Australian mobileYou have an Australian mobile number and bank account. Open an account today What you'll need to open a SMSF individual trustee accountTo open a SMSF individual trustee Vanguard Personal Investor Account, please make sure you have the following ready:Australian

please make sure you have the following ready:Australian mobile numberHaving your mobile number is an added level of security.IdentificationYou may need your passport, Medicare card or an Australian driver's licence.Copy or extract of your trust deed*The trust deed is needed to confirm the

of your trust deed*The trust deed is needed to confirm the fund is compliant and that all information provided is correct.SMSF trustee contact detailsYou'll need to provide a current email address and mobile number for each trustee.What you'll need to open a SMSF corporate trustee accountTo

you'll need to open a SMSF corporate trustee accountTo open a SMSF corporate trustee Vanguard Personal Investor Account, please make sure you have the following ready:Australian mobile numberHaving your mobile number is an added level of security.IdentificationYou may need your passport,

of security.IdentificationYou may need your passport, Medicare card or an Australian driver's licence.Copy or extract of your trust deed*The trust deed is needed to confirm the fund is compliant and that all information provided is correct.SMSF trustee director contact detailsYou'll need

trustee director contact detailsYou'll need to provide a current email address and mobile number for each director of the corporate trustee. Open an account today Additional information you need to know* To open a SMSF account with individual trustees members, you’ll need a copy of the SMSF

individual trustees members, you’ll need a copy of the SMSF trust deed, or an extract from the trust deed that includes at least the following information: full name of the trust and all of the trustees, street address of the SMSF, names and members of the SMSF and the signatory page. You'll also need

members of the SMSF and the signatory page. You'll also need details of the other trustees, including an email address and mobile number for each trustee. *You can open a Vanguard Personal Investor Account if you have a financial adviser. However, at this stage your financial adviser won’t be able

However, at this stage your financial adviser won’t be able to access your account. You do not need to have a financial adviser to open an account. *For fees, costs and minimums, please click here More about investing with usAbout our platform About our products Fees and costs Account types

platform About our products Fees and costs Account types Exchange Traded Funds (ETFs) Managed funds Ready-made portfolios View all products Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open

Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles Diversity & inclusion Our ESG approach Investment stewardship Invest with us

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us account types trust.   Trust accounts | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to

an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsAccount typesVanguard Personal Investor has a range of account types available. Before opening an account, please review the

available. Before opening an account, please review the account type's eligibility criteria and what you'll need. Individual Joint SMSF Company Trust Kids   Trust accountTo open a Vanguard Personal Investor trust account, you need to confirm, in your capacity as trustee of a trust or as a

need to confirm, in your capacity as trustee of a trust or as a director of a company that's trustee of your trust, that: 18+ yearsYou're an Australian resident aged 18 years or over.AuthorityYou have the authority to make this application on behalf of the trust and associated trustees.Australian

on behalf of the trust and associated trustees.Australian tax residentYou're an Australian primary tax resident.Contact detailsYou have an Australian mobile number and unique email address. Open an account today What you'll need to open an individual trustee trust accountTo open an

need to open an individual trustee trust accountTo open an individual trustee Vanguard Personal Investor trust account, please make sure you have the following ready:Trustee personal detailsYou’ll need to provide the full name, date of birth, residential address, current email address and

of birth, residential address, current email address and mobile number of each trustee added to the Vanguard trust account.IdentificationYou may need your passport, Medicare card or an Australian driver's licence.Bank account detailsAn Australian bank account in the name of the trust.Copy

Australian bank account in the name of the trust.Copy or extract of your trust deed*The trust deed is needed to confirm the fund is compliant and that all information provided is correct. For a testamentary trust, the grant of probate, will or letters of administration. Open an account today What

or letters of administration. Open an account today What you'll need to open a corporate trustee trust account To open a corporate trustee Vanguard Personal Investor trust account, please make sure you have the following ready:Directors’ personal detailsYou’ll need to provide the full name,

personal detailsYou’ll need to provide the full name, date of birth, residential address, current email address and mobile number of each director added to the Vanguard trust account. .IdentificationYou may need your passport, Medicare card or Australian driver’s licence..Bank account

card or Australian driver’s licence..Bank account detailsAn Australian bank account in the name of the trust.Copy or extract of your trust deed*The trust deed is needed to confirm the fund is compliant and that all information provided is correct. For a testamentary trust, the grant of probate,

is correct. For a testamentary trust, the grant of probate, will or letters of administration. Open an account today Additional information you need to know*To open a trust account with individual trustees, you’ll need a copy of the trust deed, or an extract from the trust deed that includes at

deed, or an extract from the trust deed that includes at least the following information: full name of the trust and all of the trustees, street address of the trust, names and beneficiaries of the trust and the signatory page. You'll also need details of the other trustees, including an email

also need details of the other trustees, including an email address and mobile number for each trustee. To open a testamentary trust you’ll need the grant of probate or letters of administration and a copy or an extract of the will containing the full name of executors/trustees appointed, the

the full name of executors/trustees appointed, the section that the will creates and/or the names of the trust, the will maker (if applicable), and the signatory page. For fees, costs and minimums, please click here More about investing with usAbout our platform About our products Fees and costs

with usAbout our platform About our products Fees and costs Account types Exchange Traded Funds (ETFs) Managed funds Ready-made portfolios View all products Start your investment journeyOpening a Vanguard Personal Investor Account is quick and easy. Click on the button below to get started.

is quick and easy. Click on the button below to get started. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles Diversity & inclusion Our ESG approach Investment stewardship Invest

inclusion Our ESG approach Investment stewardship Invest with us About our platform About our products Fees & costs Account types Learn Plain talk library Smart Investing Support Contact us FAQs Security & fraud Accessibility Forms and notices PDS and offer documents Tools and calculators

our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us auto invest.html.   Auto Invest | Vanguard Personal Investor | Vanguard Australia Personal Investor  You need to

centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsAuto InvestMake regular automated investments into our wide range of managed funds

automated investments into our wide range of managed funds and exchange traded funds. Open an account Investing made easy with Auto InvestMaking regular contributions can significantly increase your investment returns over the long term.$0 brokerage fees Pay no brokerage fee when you buy

term.$0 brokerage fees Pay no brokerage fee when you buy Vanguard ETFs.* Access Vanguard's low-cost products Choose from our wide range of Australian and international managed funds and ETFs. Start from just $200 Set up regular investments from $200 per fortnight, month or quarter, into one or

from $200 per fortnight, month or quarter, into one or multiple Vanguard managed funds and ETFs. An easy way to build your portfolio Make regular investing easy by automating your contributions to build your portfolio over the long-term. Cancel anytime. *Other fees and costs apply Starting

Cancel anytime. *Other fees and costs apply Starting early and investing regularly pays offThe benefits of regular investingThere are multiple advantages to regular investing and staying the course for the long term. Dollar cost averagingMarkets move up and down all the time. Investing a set

move up and down all the time. Investing a set amount regularly means when prices are up, you’ll buy fewer units. But when they are down, you’ll buy more. Over time, this averages your investment cost. Learn more Long-term rewardsInvesting regularly and staying the course gives your money the time

regularly and staying the course gives your money the time it needs to grow. As you stay on your investing path, and thanks to the power of compounding, the value of your portfolio is likely to increase over the long term. Learn more $0 brokerage to buy & low minimumsAuto Invest featuresVanguard

to buy & low minimumsAuto Invest featuresVanguard managed fundsVanguard ETFsMinimum investment amount$200 ($500 for one-off)$200 ($500 for one-off)Brokerage fee (other fees and costs apply)-$0 for buys ($9 for sells)Auto Invest featuresMinimum investment amountVanguard managed

featuresMinimum investment amountVanguard managed funds$200 ($500 for one-off)Vanguard ETFs$200 ($500 for one-off)Auto Invest featuresBrokerage fee (other fees and costs apply)Vanguard managed funds-Vanguard ETFs$0 for buys ($9 for sells) Open an account Learn more about our fees How

($9 for sells) Open an account Learn more about our fees How to set up Auto InvestSetting up an Auto Invest plan is simple and only takes a few minutesOpen an account or log inOpen an account or log in to your Vanguard Personal Investor Account, then select Auto Invest from the left-hand navigation

then select Auto Invest from the left-hand navigation menu. Add products to your planChoose from our wide range of managed funds and/or exchange traded funds. You can add multiple products into your plan.Choose your amountYour Auto Invest plan requires a minimum regular investment amount of

plan requires a minimum regular investment amount of $200.Select frequency and start date Choose to invest either fortnightly, monthly, or quarterly, and select a start date that suits your needs. Open an account Set up Auto Invest More on regular investingA better way to time the markets

More on regular investingA better way to time the markets Markets and economy Investing strategy There's another form of investment timing that has nothing to do with trying to time market. Learn more How to turbocharge your investment returns Investing strategy Broadly speaking, the most

returns Investing strategy Broadly speaking, the most successful investors don’t think in terms of days or weeks. Learn more The benefits of regular investing Investing strategy Regularly investing smaller sums of money is one of the best ways to achieve an ambitious. Learn more Frequently

best ways to achieve an ambitious. Learn more Frequently asked questionsWhat can I invest in?You can invest in our wide-range of Vanguard managed funds and exchange traded funds. You're not able to use Auto Invest for ASX shares.  View our Vanguard products.  Can I set up multiple

shares.  View our Vanguard products.  Can I set up multiple investments?Yes, you can invest in mulitple products under the one plan.  You can also assign different investment amounts to each individual product, as long as the total of your Auto Invest exceeds our minimum investment amount of

your Auto Invest exceeds our minimum investment amount of $200. You're not able to use Auto Invest for ASX shares. Can I edit or pause my Auto Invest plan?Not at the moment. To make changes to your plan, you'll need to cancel your current Auto Invest plan and set up a new one. You can cancel your Auto

Auto Invest plan and set up a new one. You can cancel your Auto Invest direct debit at any time.  Select Auto Invest in the left-hand navigation menu, click 'Cancel Auto Invest', and then follow the prompts. What is residual cash and what happens to it?Unlike managed funds, ETFs can only be bought in

to it?Unlike managed funds, ETFs can only be bought in whole units.  This may result in residual cash left in your cash account.  Any residual cash will automatically be re-invested in the next cycle based on your selected ETF investment allocation.  How are ETFs purchased?We'll combine your

allocation.  How are ETFs purchased?We'll combine your Auto Invest ETF order with all other Auto Invest orders for the same time on that day. All investors will have their orders executed at the same time weighted average price.  What happens to my Auto Invest on weekends and public holidays?If

to my Auto Invest on weekends and public holidays?If your scheduled direct debit date is due to fall on either a weekend or a public holiday, your Auto Invest transaction will be carried over to the following business day.  You'll be sent a reminder email 3 days before your next scheduled direct

a reminder email 3 days before your next scheduled direct debit date. View all Auto Invest FAQs Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles Diversity & inclusion Our ESG approach Investment

our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us auto invest.   Auto Invest | Vanguard Personal Investor | Vanguard Australia Personal Investor  You need to enable

our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us fees and costs.html.   Fees and costs | Vanguard Australia Personal Investor  You need to enable JavaScript to run this

Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsFees and costsOur low fees and costs means you get to keep more of your money.Vanguard Personal Investor

get to keep more of your money.Vanguard Personal Investor AccountLow account feesNo account fee on Vanguard products 1No account fee on holdings in Vanguard managed funds, Vanguard ETFs or money in your Vanguard Cash Account 20.10% p.a. account fee on ASX direct sharesAn account fee of 0.10%

p.a. account fee on ASX direct sharesAn account fee of 0.10% p.a. applies to the value of any investments you have in ASX direct shares. 3Competitive brokerage feesNo brokerage fees to buy or sell Vanguard managed funds. No brokerage fees to buy Vanguard ETFs. A competitive $9 flat brokerage fee to

to buy Vanguard ETFs. A competitive $9 flat brokerage fee to sell. $9 flat brokerage fee on ASX direct shares Applies per trade at the time of buy or sell.1. Investment management fees continue to apply to managed funds and exchange traded funds. Fees for each investment option can be viewed

funds. Fees for each investment option can be viewed here. 2. An Indirect Cash Management Fee ranging between 0.00% and 1.50% p.a. applies. Learn more. 3. This is calculated daily and deducted quarterly in arrears. What does this mean for me?If you made a one-off investment of $10,000 in a

mean for me?If you made a one-off investment of $10,000 in a Vanguard diversified managed fund or ETF, your costs per year would be: Managed fund $0 + $0 + 0.29%Account fee + Brokerage fee* + Investment management fee^ = $29 Year 1 and onwards Exchange traded fund (ETF) $0 + $0 + 0.27%Account fee +

Exchange traded fund (ETF) $0 + $0 + 0.27%Account fee + Brokerage fee* + Investment management fee^ = $27Year 1 and onwardsThe above calculation is for illustration purposes only and does not include potential investment returns. There may be other transactional and operational costs in the

may be other transactional and operational costs in the investment options you select. Please refer to the relevant PDS. * Vanguard ETF sale trades incur a $9 flat brokerage fee. ^ The investment management fee is current as at 18 August 2021. This may change in future. $200 minimum investment

2021. This may change in future. $200 minimum investment amount Invest directly with Vanguard with as little as $200 and access a wide range of low-cost Vanguard managed funds and Vanguard exchange traded funds (ETFs).  Minimum initial investmentMinimum additional investmentAuto

initial investmentMinimum additional investmentAuto InvestVanguard managed funds$500No minimum$200 per cycleVanguard ETFs$500$500$200 per cycleASX direct shares$500$500N/A Vanguard managed fundsMinimum initial investment$500Minimum additional investmentNo minimumAuto

additional investmentNo minimumAuto Invest$200 per cycle Vanguard ETFsMinimum initial investment$500Minimum additional investment$500Auto Invest$200 per cycle ASX direct sharesMinimum initial investment$500Minimum additional investment$500Auto InvestN/AWe don't charge you

investment$500Auto InvestN/AWe don't charge you to open or close your account. And there are no transaction fees to deposit into or withdraw from your Vanguard Personal Investor Account.                  Open an account Detailed table of Vanguard Personal Investor fees  Type of fee or cost

of Vanguard Personal Investor fees  Type of fee or cost Amount Account Fees Vanguard managed funds Nil Vanguard ETFs Nil ASX direct shares 0.10% p.a.   The account fee of 0.10% p.a. is calculated daily on the value of any investments you hold in ASX direct shares. Brokerage Fees Vanguard managed

hold in ASX direct shares. Brokerage Fees Vanguard managed funds Nil Vanguard ETFs $0 on purchases $9 flat rate on sales ASX direct shares $9 flat rate on purchases and sales Deposit and withdrawal fees Nil Investment management costs (managed funds and ETFs) This ranges from 0.10% p.a. to 1.045%

funds and ETFs) This ranges from 0.10% p.a. to 1.045% p.a. Investment management fees for each investment option can be viewed here. Indirect Cash Management Fee Ranges between 0.00% and 1.50%p.a. based on the Vanguard Cash Account balance. Learn more Other transactional and operational

balance. Learn more Other transactional and operational costs may apply. All fees and costs are detailed in the Vanguard Personal Investor Part A Investor Guide. Important documents You should read the Vanguard Personal Investor guides to decide if the product is right for you. It's also

guides to decide if the product is right for you. It's also important for you to read the product disclosure documents (PDS) for the investments you select which explain our products in detail, including investment objectives, structure, benefits, risks, fees and costs. View investor guides

benefits, risks, fees and costs. View investor guides and PDS documents Our fee calculatorsManaged funds feeAssess the effect of fees on your investment balance over a period of time. Learn more Currency impact calculatorHow different movements in exchange rates or the return of the

different movements in exchange rates or the return of the underlying investment affect your return. Learn more ETF fee comparison calculatorCompare the effect of fees in your current fund against Vanguard ETFs or against another fund of your choice. Learn more More about investing with

fund of your choice. Learn more More about investing with usAbout our platform About our products Fees and costs Account types Exchange Traded Funds (ETFs) Managed funds Ready-made portfolios View all products Join 30 million others worldwide investing in their futureOpening a Vanguard

Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us fees and costs.   Fees and costs | Vanguard

invest with us fees and costs.   Fees and costs | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers

advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsFees and costsOur low fees and costs means

and costsOur low fees and costs means you get to keep more of your money.Vanguard Personal Investor AccountLow account feesNo account fee on Vanguard products 1No account fee on holdings in Vanguard managed funds, Vanguard ETFs or money in your Vanguard Cash Account 20.10% p.a. account fee on ASX

in your Vanguard Cash Account 20.10% p.a. account fee on ASX direct sharesAn account fee of 0.10% p.a. applies to the value of any investments you have in ASX direct shares. 3Competitive brokerage feesNo brokerage fees to buy or sell Vanguard managed funds. No brokerage fees to buy Vanguard ETFs. A

managed funds. No brokerage fees to buy Vanguard ETFs. A competitive $9 flat brokerage fee to sell. $9 flat brokerage fee on ASX direct shares Applies per trade at the time of buy or sell.1. Investment management fees continue to apply to managed funds and exchange traded funds. Fees for each

to managed funds and exchange traded funds. Fees for each investment option can be viewed here. 2. An Indirect Cash Management Fee ranging between 0.00% and 1.50% p.a. applies. Learn more. 3. This is calculated daily and deducted quarterly in arrears. What does this mean for me?If you made a

in arrears. What does this mean for me?If you made a one-off investment of $10,000 in a Vanguard diversified managed fund or ETF, your costs per year would be: Managed fund $0 + $0 + 0.29%Account fee + Brokerage fee* + Investment management fee^ = $29 Year 1 and onwards Exchange traded fund (ETF) $0 + $0

= $29 Year 1 and onwards Exchange traded fund (ETF) $0 + $0 + 0.27%Account fee + Brokerage fee* + Investment management fee^ = $27Year 1 and onwardsThe above calculation is for illustration purposes only and does not include potential investment returns. There may be other transactional and

investment returns. There may be other transactional and operational costs in the investment options you select. Please refer to the relevant PDS. * Vanguard ETF sale trades incur a $9 flat brokerage fee. ^ The investment management fee is current as at 18 August 2021. This may change in future.

is current as at 18 August 2021. This may change in future. $200 minimum investment amount Invest directly with Vanguard with as little as $200 and access a wide range of low-cost Vanguard managed funds and Vanguard exchange traded funds (ETFs).  Minimum initial investmentMinimum additional

(ETFs).  Minimum initial investmentMinimum additional investmentAuto InvestVanguard managed funds$500No minimum$200 per cycleVanguard ETFs$500$500$200 per cycleASX direct shares$500$500N/A Vanguard managed fundsMinimum initial investment$500Minimum additional

fundsMinimum initial investment$500Minimum additional investmentNo minimumAuto Invest$200 per cycle Vanguard ETFsMinimum initial investment$500Minimum additional investment$500Auto Invest$200 per cycle ASX direct sharesMinimum initial investment$500Minimum additional

initial investment$500Minimum additional investment$500Auto InvestN/AWe don't charge you to open or close your account. And there are no transaction fees to deposit into or withdraw from your Vanguard Personal Investor Account.                  Open an account Detailed table of Vanguard

Open an account Detailed table of Vanguard Personal Investor fees  Type of fee or cost Amount Account Fees Vanguard managed funds Nil Vanguard ETFs Nil ASX direct shares 0.10% p.a.   The account fee of 0.10% p.a. is calculated daily on the value of any investments you hold in ASX direct shares.

the value of any investments you hold in ASX direct shares. Brokerage Fees Vanguard managed funds Nil Vanguard ETFs $0 on purchases $9 flat rate on sales ASX direct shares $9 flat rate on purchases and sales Deposit and withdrawal fees Nil Investment management costs (managed funds and ETFs) This

Investment management costs (managed funds and ETFs) This ranges from 0.10% p.a. to 1.045% p.a. Investment management fees for each investment option can be viewed here. Indirect Cash Management Fee Ranges between 0.00% and 1.50%p.a. based on the Vanguard Cash Account balance. Learn more

based on the Vanguard Cash Account balance. Learn more Other transactional and operational costs may apply. All fees and costs are detailed in the Vanguard Personal Investor Part A Investor Guide. Important documents You should read the Vanguard Personal Investor guides to decide if the

read the Vanguard Personal Investor guides to decide if the product is right for you. It's also important for you to read the product disclosure documents (PDS) for the investments you select which explain our products in detail, including investment objectives, structure, benefits, risks,

investment objectives, structure, benefits, risks, fees and costs. View investor guides and PDS documents Our fee calculatorsManaged funds feeAssess the effect of fees on your investment balance over a period of time. Learn more Currency impact calculatorHow different movements in

Currency impact calculatorHow different movements in exchange rates or the return of the underlying investment affect your return. Learn more ETF fee comparison calculatorCompare the effect of fees in your current fund against Vanguard ETFs or against another fund of your choice. Learn more

ETFs or against another fund of your choice. Learn more More about investing with usAbout our platform About our products Fees and costs Account types Exchange Traded Funds (ETFs) Managed funds Ready-made portfolios View all products Join 30 million others worldwide investing in their

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us investing for kids.    | Vanguard

personal invest with us investing for kids.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers

advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsInvest with your kidsWith Personal

ViewingInvestmentsInvest with your kidsWith Personal Investor Kids, invest in your kids' tomorrow, today.Why Personal Investor Kids?With over four decades of investing experience, we’re here to give your child the financial head start they deserve.We keep our costs low No account fees and

start they deserve.We keep our costs low No account fees and low management fees and costs mean you can invest more in your child’s future. Invest from as little as $25 Start investing regularly today from as little as $25 per fortnight, month or quarter, and help grow your child’s wealth for the long

or quarter, and help grow your child’s wealth for the long term. Regular investing made easy Invest in your child’s portfolio fortnightly, monthly or quarterly. Add to your plan with optional one-off investments. 45+ years of global investment experience We manage over $10 trillion of assets

experience We manage over $10 trillion of assets with 30 million investors worldwide. Keep it simple with one portfolioWith Personal Investor Kids, each ready-made portfolio is a complete, diversified investment strategy wrapped in one. ConservativeJust like koalas are slow and steady. Our

one. ConservativeJust like koalas are slow and steady. Our Conservative portfolio aims for slow and steady income returns with some growth.BalancedWombats are steady on their legs. So is our Balanced portfolio, which aims to deliver a balance of income and growth.GrowthEmus can easily cover a

balance of income and growth.GrowthEmus can easily cover a metre in one step. Our Growth portfolio aims to deliver strong long-term growth potential with some income.High GrowthLike a kangaroo, our High Growth portfolio has been built to take higher risks to achieve stronger growth over the

to take higher risks to achieve stronger growth over the long term. Find out more *Most popular diversified ready-made portfolio on the Vanguard Personal Investor platform as at 12 December 2022. Starting early and investing regularly pays offHow to open a Personal Investor Kids AccountAs the

pays offHow to open a Personal Investor Kids AccountAs the parent or guardian, you have full control and responsibility for the Kids Account. I’m new to Vanguard I’m an existing investor Open an eligible Personal Investor AccountTo open a Personal Investor Kids Account, you need to have your own

a Personal Investor Kids Account, you need to have your own eligible Vanguard Personal Investor Account (which includes Individual, Joint, Trust and Company accounts) so you can have full responsibility for the Kids Account.Login to open a Kids AccountOnce you’ve logged into Vanguard Online,

a Kids AccountOnce you’ve logged into Vanguard Online, follow the prompts to open a Kids Account - this should only take five minutes.Choose one investment portfolioPick from one of four ready-made diversified portfolios for your child. Each portfolio is a complete, diversified investment

Each portfolio is a complete, diversified investment strategy wrapped into one.Set up a regular investing plan via Auto InvestChoose to invest in your child’s portfolio from as little as $25 per fortnight, month or quarter. You can always change the amount and frequency later on. Add an

can always change the amount and frequency later on. Add an additional child (optional)Easily open another Personal Investor Kids Account if you have more than one child; simply follow the prompts after opening the first account. Open an account Keep an eye out for Kelly!Kelly loves sharing fun

an account Keep an eye out for Kelly!Kelly loves sharing fun facts about investing, especially with kids. You’ll see Kelly hanging around your screen when you’re opening a Vanguard Personal Investor Kids Account. Don’t forget to click on her along the journey, and why not get the kids involved

on her along the journey, and why not get the kids involved too? By the way, did you know children’s money habits form as early as seven years old? Frequently asked questionsCan a child open an account on their own?No. The Vanguard Personal Investor Kids Account can only be opened by an adult (parent

Investor Kids Account can only be opened by an adult (parent or guardian) for the benefit of a child (under 18). To open a Personal Investor Kids Account, you will need to have your own eligible Personal Investor Account first so that you can have access and full responsibility of the minor account.

have access and full responsibility of the minor account.  Once you have opened a Personal Investor Kids Account, you will be able to access the Personal Investor Kids Account by logging into your own Vanguard Online login.  The new Personal Investor Kids Account will be opened with your existing

Investor Kids Account will be opened with your existing individual details and credentials, in addition to the details of your child. That is, it will be opened in your individual name with a designation referring to the child (e.g. John Smith A/C Jake Smith). Please note: To open a Personal

John Smith A/C Jake Smith). Please note: To open a Personal Investor Kids Account, you will need to have an existing eligible Vanguard Personal Investor Account and have access to Vanguard Online. An eligible Vanguard Personal Investor Account includes Individual, Joint, Trust and Company

Account includes Individual, Joint, Trust and Company account types. The Personal Investor Kids Account is a separate account to your existing Vanguard Personal Investor Account. If you have an existing eligible account and decide to open a Personal Investor Kids Account, the account will be

open a Personal Investor Kids Account, the account will be opened in your name based on your individual details and credentials (not in the name of any other individuals on your existing Joint, Trust or Company account). If your existing Vanguard Personal Investor Account is a self-managed

Vanguard Personal Investor Account is a self-managed superannuation (SMSF) account, you will need to open a new eligible Vanguard Personal Investor Account to be able to open a Personal Investor Kids Account. See eligible account type above. If you do not have an existing Personal Investor

type above. If you do not have an existing Personal Investor Account, opening one usually takes less than 10 minutes. Open an account now. What account type is a Personal Investor Kids Account?A Personal Investor Kids Account is an investment account opened and operated by an individual adult

account opened and operated by an individual adult for a child (under 18). The account is operated by and in the name of the individual adult with a designation referring to the child (e.g. John Smith A/C Jake Smith).  This is a common way to describe this type of account type. Within the market these

describe this type of account type. Within the market these types of products may also be referred to as the adult acting “as trustee for” the child “as beneficiary” (although these terms do not necessarily mean there is a legal or formal trust relationship in place). What’s involved in setting up

relationship in place). What’s involved in setting up Auto Invest for a Personal Investor Kids Account?As part of opening a Personal Investor Kids Account, you will need to set up Auto Invest to make regular investment contributions from a linked bank account. When you open the account you will be

a linked bank account. When you open the account you will be prompted to choose to Auto Invest a minimum amount of $25 either fortnightly, monthly, or quarterly. If your circumstances change, you can modify, pause or resume your Auto Invest plan, or sell your investments at any time. Please see our

plan, or sell your investments at any time. Please see our Vanguard Personal Investor Kids Account for more information. Are there any tax implications?As each investor’s circumstances are different and the Australian tax rules applying to children under age 18 is not straight forward, we

to children under age 18 is not straight forward, we recommend you seek professional taxation and/or legal advice before opening a Personal Investor Kids Account. Vanguard is not a registered tax agent and cannot provide any taxation advice. When you open a Personal Investor Kids Account, your

When you open a Personal Investor Kids Account, your individual Tax File Number (TFN) will be applied to the minor account if you have supplied this to us previously. If you haven’t provided us with your individual tax details and would like for this to be applied to your Personal Investor Kids

like for this to be applied to your Personal Investor Kids Account, please complete and submit the Tax File Notification form available on our website. Please note: while you are not required to provide your TFN, you may need to lodge an annual tax return for your child. There are special tax rules

tax return for your child. There are special tax rules which can apply to investment income earned by children. General information from the Australian Taxation Office (ATO) on children’s investments can be accessed at: Children's share investments | Australian Taxation Office

share investments | Australian Taxation Office (ato.gov.au). Is there a separate annual tax statement for a Personal Investor Kids Account?Yes. Vanguard will issue a separate annual tax statement for the child’s account to assist with annual tax return preparations. Some of the tax

assist with annual tax return preparations. Some of the tax information contained in the annual tax statement is also reported to the Australian Taxation Office. View all Kids Account FAQs Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us kids.html.    | Vanguard Australia

personal invest with us kids.html.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard

Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsSorry, we couldn’t find that page It’s probably off

we couldn’t find that page It’s probably off enjoying an early retirement. The pages in the navigation are still up and running though, and might be what you’re looking for.       Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us personal investor.html.   What is

personal invest with us personal investor.html.   What is Vanguard Personal Investor? | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers

account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments VanguardPersonal InvestorMaking low-cost investing easy and simple.Pay $0 brokerage when you buy Vanguard ETFs. View products Open an account A platform that gives you the best chance for investing successWith

that gives you the best chance for investing successWith our low fees and low minimum investment amount, you can get off to a great startLow fees and costsEvery dollar you pay in fees is a dollar out of your future returns. We keep our fees low, so you can keep more of your returns. Learn more Low minimum

so you can keep more of your returns. Learn more Low minimum investmentsStart investing today with just $200 using Auto Invest for Vanguard managed funds and ETFs, or make one-off investment from $500. Learn more Easily manage your portfolio Buy and sell a wide range of managed funds, exchange

Buy and sell a wide range of managed funds, exchange traded funds (ETFs), and ASX direct shares all in one place.     View products Invest on the go Quickly and securely access your account on any device, or download the Vanguard Australia mobile app. View all your Vanguard investments in one place

mobile app. View all your Vanguard investments in one place Invest and trade on the go Access your statements and reports Download on the Apple App Store Get in on Google Play Auto Invest Make regular investments every fortnight, month or quarter into Vanguard’s low-cost managed funds and ETFs

or quarter into Vanguard’s low-cost managed funds and ETFs directly from your linked bank account.     Open an account Learn more Invest for your kids Help grow your child's wealth over the long term with a Personal Investor Kids Account. Start investing regularly for them today from as little as

Start investing regularly for them today from as little as $25 per fortnight, month or quarter. Learn about our Kids Account Investing should be low cost, simple and easyAccess specialist expertise from a company managing over $11 trillion of assets with 30 million investors worldwide. I’m new

of assets with 30 million investors worldwide. I’m new to investingWe’re here to help you get off to a great start, whatever your level of investing knowlege. Ready-made portfolios based on the level of risk you want to take. Education guides to help you make more informed investment decisions.

to help you make more informed investment decisions. FAQs to explain the investment basics.   Get started I’m already investing Build your portfolio your way to help reach your investment goals.A range of Australian and international index and active managed funds and ETFs. Ready-made

index and active managed funds and ETFs. Ready-made portfolios based on the level of risk you want to take. Access to the top 300 ASX shares by market capitalisation.   Get started Start investing in three easy stepsOpen a Vanguard Personal Investor Account today.Open an accountIt takes less than

Investor Account today.Open an accountIt takes less than 10 minutes. You’ll need your identification ready. Choose your productsChoose from a wide range of Vanguard managed funds and ETFs, including our ready-made portfolios, and the top ASX direct shares. Start investingStart investing

the top ASX direct shares. Start investingStart investing today with just $200 using Auto Invest for Vanguard managed funds and ETFs, or make one-off investments from $500. Open an account Important informationWhat you'll need to read To provide a detailed overview of how Vanguard Personal

To provide a detailed overview of how Vanguard Personal Investor operates, and to help you decide if the product is right for you, it's important you read the guide and other information accessible from the links below. It describes all the key features and benefits, risks you should be aware of,

the key features and benefits, risks you should be aware of, the costs involved and terms and conditions. You also should read Vanguard's Financial Services Guide and the Product Disclosure Statements relating to each fund investment you may wish to purchase through Vanguard Personal

you may wish to purchase through Vanguard Personal Investor.   View documents More about investing with usAbout our platform About our products Fees and costs Account types Exchange Traded Funds (ETFs) Managed funds Ready-made portfolios View all products Join 30 million others worldwide

View all products Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us personal investor.   What is Vanguard

invest with us personal investor.   What is Vanguard Personal Investor? | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors

Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments VanguardPersonal

Are ViewingInvestments VanguardPersonal InvestorMaking low-cost investing easy and simple.Pay $0 brokerage when you buy Vanguard ETFs. View products Open an account A platform that gives you the best chance for investing successWith our low fees and low minimum investment amount, you can

our low fees and low minimum investment amount, you can get off to a great startLow fees and costsEvery dollar you pay in fees is a dollar out of your future returns. We keep our fees low, so you can keep more of your returns. Learn more Low minimum investmentsStart investing today with just $200 using

investmentsStart investing today with just $200 using Auto Invest for Vanguard managed funds and ETFs, or make one-off investment from $500. Learn more Easily manage your portfolio Buy and sell a wide range of managed funds, exchange traded funds (ETFs), and ASX direct shares all in one place.

funds (ETFs), and ASX direct shares all in one place.     View products Invest on the go Quickly and securely access your account on any device, or download the Vanguard Australia mobile app. View all your Vanguard investments in one place Invest and trade on the go Access your statements and reports

and trade on the go Access your statements and reports Download on the Apple App Store Get in on Google Play Auto Invest Make regular investments every fortnight, month or quarter into Vanguard’s low-cost managed funds and ETFs directly from your linked bank account.     Open an account Learn more

from your linked bank account.     Open an account Learn more Invest for your kids Help grow your child's wealth over the long term with a Personal Investor Kids Account. Start investing regularly for them today from as little as $25 per fortnight, month or quarter. Learn about our Kids Account

fortnight, month or quarter. Learn about our Kids Account Investing should be low cost, simple and easyAccess specialist expertise from a company managing over $11 trillion of assets with 30 million investors worldwide. I’m new to investingWe’re here to help you get off to a great start,

to investingWe’re here to help you get off to a great start, whatever your level of investing knowlege. Ready-made portfolios based on the level of risk you want to take. Education guides to help you make more informed investment decisions. FAQs to explain the investment basics.   Get started I’m

FAQs to explain the investment basics.   Get started I’m already investing Build your portfolio your way to help reach your investment goals.A range of Australian and international index and active managed funds and ETFs. Ready-made portfolios based on the level of risk you want to take. Access

based on the level of risk you want to take. Access to the top 300 ASX shares by market capitalisation.   Get started Start investing in three easy stepsOpen a Vanguard Personal Investor Account today.Open an accountIt takes less than 10 minutes. You’ll need your identification ready. Choose your

You’ll need your identification ready. Choose your productsChoose from a wide range of Vanguard managed funds and ETFs, including our ready-made portfolios, and the top ASX direct shares. Start investingStart investing today with just $200 using Auto Invest for Vanguard managed funds and

just $200 using Auto Invest for Vanguard managed funds and ETFs, or make one-off investments from $500. Open an account Important informationWhat you'll need to read To provide a detailed overview of how Vanguard Personal Investor operates, and to help you decide if the product is right for you,

and to help you decide if the product is right for you, it's important you read the guide and other information accessible from the links below. It describes all the key features and benefits, risks you should be aware of, the costs involved and terms and conditions. You also should read Vanguard's

and terms and conditions. You also should read Vanguard's Financial Services Guide and the Product Disclosure Statements relating to each fund investment you may wish to purchase through Vanguard Personal Investor.   View documents More about investing with usAbout our platform About our

More about investing with usAbout our platform About our products Fees and costs Account types Exchange Traded Funds (ETFs) Managed funds Ready-made portfolios View all products Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick,

where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us products.html.   View all products | Vanguard Australia Personal Investor  You need to enable

centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsTwo ways to invest All products Ready-made portfolio All products Ready-made

products Ready-made portfolio All products Ready-made portfolio Select from our wide range of products, including managed funds, ETFs and ASX direct shares.*The fees disclosed on this page are the management fees. Other costs apply. Refer to the PDS. Funds & ETFs Overview Detailed ** This Fund

Refer to the PDS. Funds & ETFs Overview Detailed ** This Fund applies a Performance Fee (positive or negative) on a sliding scale depending on how the Fund performs relative to its benchmark. If the Fund outperforms its benchmark, the Performance Fee increases proportionately by the rate set out

Fee increases proportionately by the rate set out in the Product Disclosure Statement. Conversely, if the Fund underperforms its benchmark the Performance Fee decreases proportionately by the same rate – please refer to the PDS for further information relating to the calculation of these

further information relating to the calculation of these fees. Important notes about ETF / Active ETF Generally only Authorised Participants, that is, persons who have entered into an Authorised Participant Agreement with Vanguard, can apply to create and redeem ETF / Active ETF securities

can apply to create and redeem ETF / Active ETF securities directly with Vanguard. Other investors must buy and sell ETF / Active ETF securities on the secondary market through the ASX, with the assistance of their broker or adviser. In doing so, the investor will incur brokerage and may pay more

doing so, the investor will incur brokerage and may pay more than the net asset value price when buying and receive less than the net asset value price when selling. All ETF / Active ETF products are subject to market risk which may result in possible delays in repayment and loss of income and capital

possible delays in repayment and loss of income and capital invested. None of The Vanguard Group, Inc., including Vanguard Investments Australia Ltd, or their related entities, directors or officers gives any guarantee or assurance as to the performance of, or the repayment of capital or

as to the performance of, or the repayment of capital or income reinvested in, the Vanguard ETF / Active ETF. Members of The Vanguard Group, Inc., and its related entities, may invest in, lend to or provide other services to the ETF / Active ETF. Vanguard has sufficient working capital to enable it to

Vanguard has sufficient working capital to enable it to operate the ETF / Active ETF as outlined in the PDS. Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us products.   View all products | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main

to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us readymade portfolio.html.   Readymade portfolio | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main

an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsTwo ways to invest All products Ready-made portfolio All products Ready-made portfolio Make investing simple. Invest in

Ready-made portfolio Make investing simple. Invest in thousands of Australian and international shares and fixed interest securities through a single investment. Choose the one that suits you, your risk profile, and time you want to invest.Build your investment knowledge with Vanguard

to invest.Build your investment knowledge with Vanguard LearnContent for both new and confident investorsLearn at your own pace in your own time Structured pathway to guide your learning Learn more Join 30 million others worldwide investing in their futureOpening a Vanguard Personal

Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal invest with us readymade portfolio.   Readymade

personal invest with us readymade portfolio.   Readymade portfolio | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors

Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsTwo ways to invest All products

Are ViewingInvestmentsTwo ways to invest All products Ready-made portfolio All products Ready-made portfolio Make investing simple. Invest in thousands of Australian and international shares and fixed interest securities through a single investment. Choose the one that suits you, your

a single investment. Choose the one that suits you, your risk profile, and time you want to invest.Build your investment knowledge with Vanguard LearnContent for both new and confident investorsLearn at your own pace in your own time Structured pathway to guide your learning Learn more Join 30

pathway to guide your learning Learn more Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our

Elders past, present and emerging. d.com.au personal learn plain talk library.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional

Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsPlain talk

usLearnSupportYou Are ViewingInvestmentsPlain talk librarySimple guides explaining investment fundamentals. Plain Talk Guide - Building your investment portfolioOne thing we know is that you can’t control investment markets. Volatility is part of investing. What you can control is your

is part of investing. What you can control is your investment strategy—having the framework in place to give you the best chance of meeting your goals and objectives and aligning investments to your risk profile. Download Plain Talk Guide - Quality financial adviceMany people find it difficult

- Quality financial adviceMany people find it difficult to invest on their own, particularly as they accumulate wealth and their financial situations become more complex. That’s when professional financial advice can help. Download Plain Talk Guide - Managed fundsManaged funds provide a

Plain Talk Guide - Managed fundsManaged funds provide a cost-effective way for investors, large and small, to access a diversified mix of professionally managed investments. Download Plain Talk Guide - Exchange traded funds (ETFs)Exchange traded funds, or ETFs, are attracting increasing

traded funds, or ETFs, are attracting increasing attention from investors with a growing range of products available. In this Plain Talk Guide you will find answers to common questions about ETFs. You will also learn how ETFs and traditional managed funds compare and gain a better understanding

managed funds compare and gain a better understanding of how ETFs could benefit your investment portfolio. Download Plain Talk Guide - Bond investingBonds can play an important role in your portfolio by generating income, reducing volatility and diversifying your investments. The global

volatility and diversifying your investments. The global bond market is much larger than the stock market and nearly every economy around the world has its own market, each with its own set of issuers, intermediaries and securities. Download Plain Talk Guide - Understanding

and securities. Download Plain Talk Guide - Understanding indexingInvestment funds can be managed in one of two ways—active or passive. Active managers aim to beat the return of a market index or benchmark, while index or passive managers aim to closely match market returns. Download Plain Talk

aim to closely match market returns. Download Plain Talk Guide - Self-managed super funds Self-managed superannuation funds (SMSFs) are increasingly popular with Australians who are choosing to manage their own retirement savings. Download Plain Talk Guide - Equity investingWhen you

Download Plain Talk Guide - Equity investingWhen you invest in equities - also known as stocks, shares or securities - you’re typically buying an ownership stake in a listed company. This means you become a shareholder and have claim to the company’s assets and earnings. These companies can be

the company’s assets and earnings. These companies can be listed on stock exchanges around the world—in developed and emerging markets. Download Plain Talk Guide - Investing for retirementWhen you’re building your investment portfolio, it’s important to find the right balance between your

it’s important to find the right balance between your daily spending needs and long-term capital growth. A good starting place is to work out your financial goals, which can be heavily influenced by your life stage. Download Vanguard Index Chart brochureThe Index Chart illustrates the benefit

Chart brochureThe Index Chart illustrates the benefit of diversifying your investments to help reduce volatility and smooth out returns over time. Download More about VanguardAbout our platform About our products Fees and costs Account types Exchange Traded Funds (ETFs) Managed funds

Account types Exchange Traded Funds (ETFs) Managed funds Ready-made portfolios View all products Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect

10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our principles Diversity & inclusion Our ESG approach Investment stewardship Invest with us About our platform About our products

to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing.   Smart Investing | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments ,

About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsSmart investingTMStay up to date with our latest articles on investment and finance. Subscribe All The basics Investing strategy Build your portfolio ETFs

The basics Investing strategy Build your portfolio ETFs ESG Markets & economy Retirement Life events 7 min readWhy more ETF investors are backing bonds ETFs The heavy inflows into bond ETFs comes down to two key factors. Learn more 6 min readNew year, new investing habits understand the basics The

year, new investing habits understand the basics The new year is a great time to get into financial shape. Here's some simple steps... Learn more 5 min readWhat to expect in 2023 Markets and economy Read Vanguard's economic outlook and investment returns forecasts for 2023. Learn more 4

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lessons from Smart Investors understand the basics Here are the most frequently asked questions from Smart Investing readers in 2022. Learn more 7 min read2022 by the numbers Markets and economy How have share markets around the world performed this year? And what investment... Learn more 7 min

this year? And what investment... Learn more 7 min readA review of the last two decades in investing Markets and economy Robin Bowerman, Head of Corporate Affairs and Editor of Smart Investing, is... Learn more 7 min readAn investment gift for growing children Investing Strategy Investing for

for growing children Investing Strategy Investing for your kids is a long-lasting investment in their future. Learn more 5 min read6 tips for the young investor in today’s markets Investing Strategy How much money you're able to invest each year is one of the biggest factors... Learn more Show

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Elders past, present and emerging. d.com.au personal learn smart investing etfs distributions and dividends.   Distributions and dividends | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard

us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments5 min readDividends and distributionsBy Vanguard Australia ETFs The Basics What's a dividend and what's a distribution? Find out the difference between the two and how they work

Find out the difference between the two and how they work when it comes to ETFs.   What is a dividend? By definition, a dividend is a distribution of profits by a company to its shareholders and for many, is akin to income that is generated from their investments.   What is a distribution? A

from their investments.   What is a distribution? A distribution is the share of income an investor receives from their ETF or managed fund. An ETF is essentially a diversified set of securities and as such, acts as a microcosm of a whole portfolio of investments. In the same way you may receive

portfolio of investments. In the same way you may receive income (known as dividends) from individual investments within a portfolio, an ETF receives income from the companies or securities it holds. For example, if you purchase an ETF that tracks an index comprising the ASX's largest companies

tracks an index comprising the ASX's largest companies by capitalisation, you are holding a portfolio of shares from each of these large companies in proportion to their size within the index. When these companies pay dividends throughout the year, the provider that issued your ETF collects the

the year, the provider that issued your ETF collects the payments from every single company and holds them until the ETF's income distribution date. These collective payments are known as distributions and represent your share of income earned by the investments within your ETF. The income you

earned by the investments within your ETF. The income you will receive from your ETF is indicated by the distribution yield, and will be less any management costs. You can generally elect to receive the ETF distribution in cash or for the distribution to be reinvested into the same ETF through

the distribution to be reinvested into the same ETF through additional units if the option is available1.   When will I receive my distribution and how does it affect the ETF price? ETF distribution dates vary but they are usually quarterly, half-yearly or yearly. You can find this information in

half-yearly or yearly. You can find this information in the product disclosure statement. The price of an ETF will vary either side of its distribution date. Similar to individual shares, the price of an ETF may rise before the distribution date (cum-distribution) and fall after, as it will then

date (cum-distribution) and fall after, as it will then be trading without the value of the distribution payment (ex-distribution). For example, if the ETF was trading at $80 and has signalled a distribution of $0.50 per unit, it will fall to $79.50 ex-distribution.   Are ETFs considered

will fall to $79.50 ex-distribution.   Are ETFs considered tax-efficient? It's worth noting that some ETFs may be more tax efficient than others. For example, ETFs that track a broadly diversified index will generally have a low portfolio turnover which can help keep realised capital gains to a

turnover which can help keep realised capital gains to a minimum, compared to an actively traded, high turnover portfolio.   What ETFs are best for generating income? For those looking to focus on income rather than capital growth, there is a range of high-yield ETFs on the market today that may be

is a range of high-yield ETFs on the market today that may be suitable. High-yield ETFs are generally comprised of companies that have higher forecast dividends relative to other exchange-listed companies. It's worth noting however that as we are in a low-interest and low-yield environment,

that as we are in a low-interest and low-yield environment, recent Vanguard research showed that investor portfolios built on a dividend-focused strategy would need to be 100 per cent allocated to equities to meet most income needs. This means greatly elevating portfolio risk and may be

This means greatly elevating portfolio risk and may be unsuitable for many investors, particularly those close to or already in retirement. Instead, investors might consider adopting a total-returns investment strategy where they focus on both the income and capital growth elements of the

focus on both the income and capital growth elements of the portfolio.    1 To elect to reinvest distributions from your Vanguard ETF, please contact Vanguard's nominated share registry Computershare and the Computershare Investor Centre via their website or call 1300 757 905. You may also be

Centre via their website or call 1300 757 905. You may also be interested in7 min readETFs: How to get started ETFs The Basics Building a well-diversified investment portfolio may seem out of reach. ETFs could be a good way to kick-start your savings and investment plan. Learn more 5 min readWhat's

savings and investment plan. Learn more 5 min readWhat's right for you - an ETF or a managed fund? ETFs Once you have decided you are ready to invest, your next question might be whether to invest in an exchange-traded fund or an unlisted managed fund. Learn more 6 min readIntroduction to diversified

fund. Learn more 6 min readIntroduction to diversified funds Investment Strategy If deciding which asset classes to include in your portfolio seems overwhelming, consider investing in a diversified fund or ETF.. Learn more Our latest articles delivered to your inbox Join more than 50,000

articles delivered to your inbox Join more than 50,000 fellow investors to learn about investment and personal finance in our free weekly Smart Investing™ newsletter.     Subscribe Now Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is

Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing etfs etfs how to get

personal learn smart investing etfs etfs how to get started.html.   ETFs: How to get started | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers

account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments7 min readETFs: How to get startedBy Richard Powers, Head of ETF Product Management Vanguard ETFs   Building a well-diversified investment portfolio may seem out of reach. ETFs could be a good way to kick-start your

seem out of reach. ETFs could be a good way to kick-start your savings and investment plan. Find out why and how. One of the greatest advantages young investors have is time. The more time you have, the more the power of compounding can work for you. But if you're like many other millennials who are just

you. But if you're like many other millennials who are just starting out, building a well-diversified investment portfolio may seem out of reach. ETFs could be a good way to kick-start your savings and investment plan. "ETFs can be a great match for millennials as they offer a simple entry point

match for millennials as they offer a simple entry point into the market without needing to save thousands of dollars for an initial investment. They also typically have low fees and offer instant diversification," said Richard Powers, head of ETF Product Management at Vanguard. Here's why ETFs

head of ETF Product Management at Vanguard. Here's why ETFs offer significant benefits for millennials' portfolios: ETFs offer a low-cost way to invest Funds that track an index, whether ETFs or mutual funds, typically cost less and are more tax-efficient than actively managed mutual funds.

more tax-efficient than actively managed mutual funds. The savings that come from investing in a low-cost fund can add up and compound into greater wealth over time. Combine that with the advantage of investing early, and the potential for a difference in wealth can be considerable. One

for a difference in wealth can be considerable. One consideration, though, are transaction costs. If unchecked, costs can mean a big difference for an investor’s return over the long-term. So it’s important to compare fund costs before you invest. Look at things like brokerage fees, buy/sell

you invest. Look at things like brokerage fees, buy/sell spreads and management costs. These can all add up over time. For example, if you're charged $10 brokerage to make a trade, purchasing 10 ETF units that cost $100 each, totaling to $1000, means your investment will need to rise by 1.0 per cent

means your investment will need to rise by 1.0 per cent before you see any gains.     ETFs have a low hurdle to invest Depending on the minimum investment defined by your broker, you could buy your first ETF units for as little as $500. Contrast this to mutual funds, which might require an initial

this to mutual funds, which might require an initial investment of several thousand dollars or more. ETFs can make it easier for a newbie investor to get started, and continue building wealth in manageable increments. Also, it doesn't take much to construct a balanced portfolio. You can put $500

much to construct a balanced portfolio. You can put $500 in a stock ETF and $500 in a bond ETF to achieve a diversified two-asset-class portfolio which, though simple, can be a great start toward building a portfolio appropriate for your goals. ETFs can be a simple way to build incrementally toward

ETFs can be a simple way to build incrementally toward your long-term plan. ETFs can offer instant diversification Most ETFs are designed to match the performance of the index they track. As long as the ETF strategy is broadly invested across the market, such as a global developed markets index

across the market, such as a global developed markets index ETF, one single share can provide you with exposure to hundreds, even thousands, of the world’s largest companies. But not all ETFs provide the same level of diversification; some ETFs offer concentrated exposure in specific market

some ETFs offer concentrated exposure in specific market sectors or narrow collections of securities that offer certain traits, like high yield. Such ETFs can benefit a portfolio if they align with its goals, but new investors will likely be best served by starting with more diverse ETFs that tap

be best served by starting with more diverse ETFs that tap a wide pool of stocks or bonds. So before making any investment moves, determine your investment goals and research your ETF options. Make sure you know how many and what kind of securities an ETF holds when determining if it is a suitable fit

an ETF holds when determining if it is a suitable fit for your investment goals. The earlier you start, the less you have to save This hypothetical example shows just how powerful compounding can be for the early investor. Two people with similar financial goals start investing at different times:

financial goals start investing at different times: Dawn starts investing at age 25 and contributes $2,000 each year for 10 years (until she's 35 and has invested $20,000). Dave starts investing at age 35 and contributes $2,000 each year for 30 years (until he's 65 and has invested $60,000).

year for 30 years (until he's 65 and has invested $60,000). Assuming that their investments earn 8 per cent a year, at age 65, Dawn will have $314,870. Dave will have $244,692. So even though Dave saved more and for a longer period of time, Dawn will have over $70,000 more in her retirement account than

will have over $70,000 more in her retirement account than Dave. (Sorry, Dave.) Hypothetical rates of return illustrated in this article are not guaranteed.   So how do you start investing in ETFs? You'll need a brokerage account (such as Vanguard Personal Investor) to trade ETFs. If you can buy

Personal Investor) to trade ETFs. If you can buy or sell stocks in it, then you can also buy an ETF. The longer you keep your money invested, the better your odds are of overcoming periods of market decline. This is just one factor among many that lead to long-term investing success. For more

many that lead to long-term investing success. For more information on Vanguard's principles for investing success, click here.     You may also be interested in5 min readA managed fund or ETF? ETFs The Basics What's the difference between managed funds and ETFs? Learn more 5 min readTax and ETFs

managed funds and ETFs? Learn more 5 min readTax and ETFs ETFs The Basics 5 ways ETFs can help you achieve better tax outcomes Learn more 4 min readDividends and distributions ETFs The Basics Find out the difference between the two and how they work when it comes to ETFs. Learn more Our latest articles

work when it comes to ETFs. Learn more Our latest articles delivered to your inbox Join more than 50,000 fellow investors to learn about investment and personal finance in our free weekly Smart Investing™ newsletter.     Subscribe Now Join 30 million others worldwide investing in their

Now Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing etfs etfs how to get started.

learn smart investing etfs etfs how to get started.   ETFs: How to get started | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional

Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments7 min readETFs:

Are ViewingInvestments7 min readETFs: How to get startedBy Richard Powers, Head of ETF Product Management Vanguard ETFs   Building a well-diversified investment portfolio may seem out of reach. ETFs could be a good way to kick-start your savings and investment plan. Find out why and how. One of

savings and investment plan. Find out why and how. One of the greatest advantages young investors have is time. The more time you have, the more the power of compounding can work for you. But if you're like many other millennials who are just starting out, building a well-diversified investment

starting out, building a well-diversified investment portfolio may seem out of reach. ETFs could be a good way to kick-start your savings and investment plan. "ETFs can be a great match for millennials as they offer a simple entry point into the market without needing to save thousands of dollars

the market without needing to save thousands of dollars for an initial investment. They also typically have low fees and offer instant diversification," said Richard Powers, head of ETF Product Management at Vanguard. Here's why ETFs offer significant benefits for millennials' portfolios:

offer significant benefits for millennials' portfolios: ETFs offer a low-cost way to invest Funds that track an index, whether ETFs or mutual funds, typically cost less and are more tax-efficient than actively managed mutual funds. The savings that come from investing in a low-cost fund can add

savings that come from investing in a low-cost fund can add up and compound into greater wealth over time. Combine that with the advantage of investing early, and the potential for a difference in wealth can be considerable. One consideration, though, are transaction costs. If unchecked, costs

though, are transaction costs. If unchecked, costs can mean a big difference for an investor’s return over the long-term. So it’s important to compare fund costs before you invest. Look at things like brokerage fees, buy/sell spreads and management costs. These can all add up over time. For

and management costs. These can all add up over time. For example, if you're charged $10 brokerage to make a trade, purchasing 10 ETF units that cost $100 each, totaling to $1000, means your investment will need to rise by 1.0 per cent before you see any gains.     ETFs have a low hurdle to invest

you see any gains.     ETFs have a low hurdle to invest Depending on the minimum investment defined by your broker, you could buy your first ETF units for as little as $500. Contrast this to mutual funds, which might require an initial investment of several thousand dollars or more. ETFs can make it

of several thousand dollars or more. ETFs can make it easier for a newbie investor to get started, and continue building wealth in manageable increments. Also, it doesn't take much to construct a balanced portfolio. You can put $500 in a stock ETF and $500 in a bond ETF to achieve a diversified

in a stock ETF and $500 in a bond ETF to achieve a diversified two-asset-class portfolio which, though simple, can be a great start toward building a portfolio appropriate for your goals. ETFs can be a simple way to build incrementally toward your long-term plan. ETFs can offer instant

toward your long-term plan. ETFs can offer instant diversification Most ETFs are designed to match the performance of the index they track. As long as the ETF strategy is broadly invested across the market, such as a global developed markets index ETF, one single share can provide you with

markets index ETF, one single share can provide you with exposure to hundreds, even thousands, of the world’s largest companies. But not all ETFs provide the same level of diversification; some ETFs offer concentrated exposure in specific market sectors or narrow collections of securities

market sectors or narrow collections of securities that offer certain traits, like high yield. Such ETFs can benefit a portfolio if they align with its goals, but new investors will likely be best served by starting with more diverse ETFs that tap a wide pool of stocks or bonds. So before making any

that tap a wide pool of stocks or bonds. So before making any investment moves, determine your investment goals and research your ETF options. Make sure you know how many and what kind of securities an ETF holds when determining if it is a suitable fit for your investment goals. The earlier you start,

fit for your investment goals. The earlier you start, the less you have to save This hypothetical example shows just how powerful compounding can be for the early investor. Two people with similar financial goals start investing at different times: Dawn starts investing at age 25 and contributes

times: Dawn starts investing at age 25 and contributes $2,000 each year for 10 years (until she's 35 and has invested $20,000). Dave starts investing at age 35 and contributes $2,000 each year for 30 years (until he's 65 and has invested $60,000). Assuming that their investments earn 8 per cent a

$60,000). Assuming that their investments earn 8 per cent a year, at age 65, Dawn will have $314,870. Dave will have $244,692. So even though Dave saved more and for a longer period of time, Dawn will have over $70,000 more in her retirement account than Dave. (Sorry, Dave.) Hypothetical rates of

account than Dave. (Sorry, Dave.) Hypothetical rates of return illustrated in this article are not guaranteed.   So how do you start investing in ETFs? You'll need a brokerage account (such as Vanguard Personal Investor) to trade ETFs. If you can buy or sell stocks in it, then you can also buy an

If you can buy or sell stocks in it, then you can also buy an ETF. The longer you keep your money invested, the better your odds are of overcoming periods of market decline. This is just one factor among many that lead to long-term investing success. For more information on Vanguard's principles for

For more information on Vanguard's principles for investing success, click here.     You may also be interested in5 min readA managed fund or ETF? ETFs The Basics What's the difference between managed funds and ETFs? Learn more 5 min readTax and ETFs ETFs The Basics 5 ways ETFs can help you achieve

and ETFs ETFs The Basics 5 ways ETFs can help you achieve better tax outcomes Learn more 4 min readDividends and distributions ETFs The Basics Find out the difference between the two and how they work when it comes to ETFs. Learn more Our latest articles delivered to your inbox Join more than 50,000

Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing etfs etfs managed funds what is

learn smart investing etfs etfs managed funds what is the difference.   ETFs and managed funds: What's the difference? | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation

account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments5 min readETFs and managed funds: What's the difference?By Vanguard Australia ETFs ETFs and index managed funds are both useful tools for creating portfolios. But there are important differences between them. We

But there are important differences between them. We list out what they are. When it comes to constructing a portfolio, deciding which tools to use can be tricky. Index managed funds and ETFs both offer investors an easy way to purchase a unit-based share in a portfolio tracking a specific

a unit-based share in a portfolio tracking a specific investment index. In many cases, both structures own the same underlying assets. The decision on which vehicle to use often comes down to the structure best suited to your particular circumstances. Here are some similarities and differences

Here are some similarities and differences worth knowing when deciding whether to use ETFs or managed funds in your portfolio:   Similarities between ETFs and managed funds Asset ownershipDiversificationRegulationStructurePurposeDifferences between ETFs and managed fundsAdding new

between ETFs and managed fundsAdding new fundsPricingTransparencyTrading flexibilityAccessAsset ownershipThe legal structure of both ETFs and managed funds is a trust. The underlying assets are owned by the trustee on behalf of the unit holders. Each financial year, unit holders receive

unit holders. Each financial year, unit holders receive all the dividends (less expenses) and any realised capital gains (less realised capital losses) from the underlying investments. Investors pay tax on these distributions (usually quarterly or half-yearly) at their marginal tax

(usually quarterly or half-yearly) at their marginal tax rate.Adding new fundsManaged funds allow investors to cost-effectively add or remove money through regular contributions or deductions, making them suitable for dollar-cost-averaging. With ETFs, investors are free to buy

With ETFs, investors are free to buy additional units at any time during the trading day, but brokerage is payable on every transaction. Brokerage is typically a fixed dollar amount, so ETFs may suit investors making large or irregular investments.DiversificationBy pooling money from many

investments.DiversificationBy pooling money from many investors, both fund types provide small investors with better portfolio diversification than on their own.Both ETFs and managed funds can provide broad exposure to different asset classes, industries, market segments and even

asset classes, industries, market segments and even countries.PricingOrders to buy or sell ETF units are executed throughout the trading day at the current market price, so pricing changes continuously.Orders to purchase or redeem units in a traditional managed fund are executed at the

units in a traditional managed fund are executed at the end-of-day price, or net asset value (NAV).RegulationETFs and managed funds are subject to all the usual requirements for registered schemes under the Corporations Act.As trusts, the underlying assets are not owned by the product issuer

the underlying assets are not owned by the product issuer and are usually held by a third-party custodian, making them unavailable to creditors in the event of default.TransparencyCompared with many active managed funds, ETFs are extremely transparent (traditional index managed funds are

transparent (traditional index managed funds are also transparent).Information about an ETF's underlying holdings is readily available on the investment manager's website. Managed funds are not required to disclose their portfolio holdings and often only list their top 10

their portfolio holdings and often only list their top 10 investments.StructureManaged funds and ETFs generally have an open-ended structure, which means the number of units on issue is not fixed. Both structures regularly create and redeem units depending on supply and demand, so liquidity

redeem units depending on supply and demand, so liquidity is usually available.Trading flexibilityETFs provide a familiar environment for investors comfortable with trading on the ASX and those wanting to use sophisticated trading strategies like limit and stop-loss orders. They can also

strategies like limit and stop-loss orders. They can also be used with margin lending strategies.Managed funds do not offer similar trading opportunitiesYou may also be interested in7 min read5 things you should know about fees The Basics Vanguard's founder Jack Bogle once said: 'common sense

Vanguard's founder Jack Bogle once said: 'common sense tells us that performance comes and goes, but costs go on forever.' Here are five things you should know about fees before you invest in ETFs. Learn more 5 min readHow to rebalance your investment portfolio ETFs The Basics How can investors

investment portfolio ETFs The Basics How can investors rebalance their portfolio and how often should they do it? Read more to find out.. Learn more 6 min readHow often should you check investment returns? Investment Strategy It's natural to want to monitor your portfolio value, but how often is

to want to monitor your portfolio value, but how often is too often? Learn more Our latest articles delivered to your inbox Join more than 50,000 fellow investors to learn about investment and personal finance in our free weekly Smart Investing™ newsletter.     Subscribe Now Join 30 million others

newsletter.     Subscribe Now Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing etfs five things about fees.   5

learn smart investing etfs five things about fees.   5 things you should know about fees | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers

account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments5 min read5 things you should know about feesBy Robin Bowerman, Head of Corporate Affairs, Vanguard Australia ETFs   Vanguard's founder Jack Bogle once said: 'common sense tells us that performance comes and goes,

'common sense tells us that performance comes and goes, but costs go on forever.' Here are five things you should know about fees before you invest in ETFs. Lower costs can translate into better performance for investors over time as the higher the fees, the more impact they'll have on investment

higher the fees, the more impact they'll have on investment returns. So although every investment bears a fee or cost, there are ways to manage them. Below are five things you should know about fees before you invest in ETFs. 1. ETFs generally have lower costs than investing in individual shares A

have lower costs than investing in individual shares A key reason why ETFs have gained such popularity among individual investors is because they are low-cost and offer access generally to a diversified portfolio that would otherwise be prohibitively expensive to build on your own (although

be prohibitively expensive to build on your own (although your broker would love you). Instead of individually purchasing shares, ETFs offer investors a simple way to buy a diversified portfolio covering all the major asset classes (such as shares or corporate and government bonds) through

(such as shares or corporate and government bonds) through investing in just one ETF. This means only paying one set of brokerage and admin fees, rather than the multiple fees associated with buying multiple individual shares. 2. The NAV is a good indication of the ETF price NAV stands for Net Asset

is a good indication of the ETF price NAV stands for Net Asset Value and is the underlying total value of net assets divided by the number of securities on issue. This essentially translates into the value per share. It is a good indicator of how much the ETF is worth and approximately how much you

of how much the ETF is worth and approximately how much you should pay for it. The closer the ETF is trading to its NAV, the more fairly priced it is. 3. Different ETFs entail different fees All ETFs come with a set of costs but these costs can vary significantly. To begin with, all ETFs have management

significantly. To begin with, all ETFs have management fees that cover the ongoing operating expenses of the issuer (such as admin and recordkeeping costs). These fees are commonly known as the management expense ratio (MER) and are expressed as a percentage of your investments. They are

are expressed as a percentage of your investments. They are calculated daily and automatically deducted from your returns. The MER varies between ETFs depending on many factors including the size of the ETF, what index the ETF is tracking (international ETFs may have higher operational

tracking (international ETFs may have higher operational expenses) and what the investment strategy is. MERs are stated in the ETF's product disclosure statement (PDS) and well worth considering before you invest. Other costs associated with buying or selling ETFs include brokerage fees,

with buying or selling ETFs include brokerage fees, which can greatly vary between trading platforms. Sometimes you can avoid paying brokerage fees if there are options to purchase directly from the provider. While brokerage fees may seem like just a once-off, it's worth factoring in these

may seem like just a once-off, it's worth factoring in these costs to your investment strategy especially if you plan to invest regular amounts over time. 4. Don't forget tax and capital gains implications ETFs are generally more tax efficient and realise fewer capital gains than other types of

and realise fewer capital gains than other types of investments (such as actively managed funds) because of their low portfolio turnover. This is because an ETF's basket of shares only changes when the index changes. Tax implications however do still exist if you make any capital gains when

however do still exist if you make any capital gains when selling your ETFs or if you receive (and not reinvest) any dividends. Both events provide taxable income and taxed at your marginal tax rate. It's worth noting that if you hold ETFs for more than 12 months, you're only taxed on half of any future

more than 12 months, you're only taxed on half of any future capital gains (which is one benefit of a buy and hold strategy). There may also be different tax considerations if your ETF is domiciled overseas. For example, income generated from ETFs domiciled in the US is considered foreign income. If

ETFs domiciled in the US is considered foreign income. If you're unsure about what tax implications apply to your individual situation, it may be worth consulting a licensed financial adviser or tax accountant just to be sure. 5. Even a small change in fees can make a big difference to returns In the

change in fees can make a big difference to returns In the same way compounding can exponentially increase your investments over time, it can also exponentially increase your costs. This means that the money you "lose out" on to fees will rise over time if unchecked. Approximately speaking, a 1 per

over time if unchecked. Approximately speaking, a 1 per cent difference in total annual fees and costs (e.g. if your fees were 2 per cent rather than 1 per cent) could reduce your final return by up to 20 per cent over a 30-year period. Always consider fees and read the ETF's product disclosure

Always consider fees and read the ETF's product disclosure statement before investing as costs play a big part in determining your long-term investment performance.   You may also be interested in7 min readETFs: How to get started ETFs The Basics Building a well-diversified investment

ETFs The Basics Building a well-diversified investment portfolio may seem out of reach. ETFs could be a good way to kick-start your savings and investment plan. Learn more 5 min readWhat's right for you - an ETF or a managed fund? ETFs Once you have decided you are ready to invest, your next question

you have decided you are ready to invest, your next question might be whether to invest in an exchange-traded fund or an unlisted managed fund. Learn more 6 min readIntroduction to diversified funds Investment Strategy If deciding which asset classes to include in your portfolio seems

which asset classes to include in your portfolio seems overwhelming, consider investing in a diversified fund or ETF. Learn more Our latest articles delivered to your inbox Join more than 50,000 fellow investors to learn about investment and personal finance in our free weekly Smart Investing™

and personal finance in our free weekly Smart Investing™ newsletter.     Subscribe Now Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with

to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing etfs how etfs help reduce tax.   Tax and ETFs: 5 ways ETFs can help you achieve better tax outcomes | Vanguard Australia Personal Investor  You need to enable

centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments5 min readTax and ETFs: 5 ways ETFs can help you achieve better tax outcomesBy

ETFs: 5 ways ETFs can help you achieve better tax outcomesBy Vanguard Australia ETFs The Basics Index ETFs can be a very tax efficient way to build wealth. We discuss 5 ways they could help reduce tax. Index funds are tax effective because they generally pursue a 'buy and hold' strategy as they seek to

generally pursue a 'buy and hold' strategy as they seek to track their benchmark. Vanguard’s Australian Shares Index Fund for example, averaged less than 1% p.a. turnover in the three years to 31 December 2016.1 5 ways ETFs help reduce tax Low turnover Franking credits CGT discounts Listed funds

Low turnover Franking credits CGT discounts Listed funds Redemptions with market makers 1. Low turnover Low turnover reduces distributed capital gains in a portfolio. This is because selling securities in a fund may cause a capital gains tax event. Because Index ETFs generally have low

gains tax event. Because Index ETFs generally have low turnover, capital gain distributions are minimised. Reducing capital gains distributions means that investors delay the amount of tax they pay. 2. Franking credits Franking credits are offered to prevent tax being paid twice on company

are offered to prevent tax being paid twice on company profits; once at the company level and again when the investor receives the dividend income. When an ETF receives dividends that include franking credits those dividends and the attached franking credits flow through to investors directly

franking credits flow through to investors directly via the quarterly distributions. Franking credits are received as 'tax paid' on dividends and when investors pay tax on the dividend they only pay the difference between the company tax rate and the investor’s marginal tax rate. 3. CGT

tax rate and the investor’s marginal tax rate. 3. CGT discounts Capital gains on shares held for longer than 12 months are eligible for capital gains discounting. Capital Gains on shares held for less than 12 months incur tax on the total amount. The "buy and hold" strategy of an index ETF ensures low

The "buy and hold" strategy of an index ETF ensures low portfolio turnover and reduces the likelihood of realising capital gains, and when gains are realised it increases the likelihood of them being discounted capital gains. Managed funds with a high portfolio turnover generally distribute

funds with a high portfolio turnover generally distribute higher capital gains for their investors, while the lower turnover in index ETFs takes advantage of the CGT discounting rules. In addition, Vanguard optimise the calculation of the realised capital gains to ensure that the ETF takes

of the realised capital gains to ensure that the ETF takes full advantage of the discounting rules. 4. Listed funds ETFs are a tax efficient investment vehicle because units are bought and sold on the secondary market. Market makers purchase new units from the fund and sell those units via the

purchase new units from the fund and sell those units via the secondary market. When investors buy and sell ETF units the fund is not impacted until the market maker fully exhausts their inventory. This is contrasted with unlisted managed funds where each application and redemption can cause buy

funds where each application and redemption can cause buy and sell transactions in the fund, increasing the number and impact of tax events. 5. Redemptions with market makers Specifically with ETFs, when market makers redeem ETF units any capital gains that are generated from this redemption

any capital gains that are generated from this redemption are distributed directly to the market maker and do not impact ETF investors Unlike unlisted managed funds, ETF investors do not receive any capital gains that are generated by the selling activity of other unitholders. Investors are not

selling activity of other unitholders. Investors are not “buying into” large capital gains and do not see an increase in distributed capital gains when large investors leave the fund. Index ETFs provide a great alternative to using direct shares as they provide investors with control and low

shares as they provide investors with control and low cost, plus the tax effectiveness of index funds. Learn more about ETFs and investing strategies and products by visiting our education guides. 1 Vanguard's Guide to Core-Satellite Investing, 2017     You may also be interested in7 min read5

Investing, 2017     You may also be interested in7 min read5 things you should know about fees The Basics Vanguard's founder Jack Bogle once said: 'common sense tells us that performance comes and goes, but costs go on forever.' Here are five things you should know about fees before you invest in

five things you should know about fees before you invest in ETFs. Learn more 5 min readHow to rebalance your investment portfolio ETFs The Basics How can investors rebalance their portfolio and how often should they do it? Read more to find out.. Learn more 6 min readHow often should you check

to find out.. Learn more 6 min readHow often should you check investment returns? Investment Strategy It's natural to want to monitor your portfolio value, but how often is too often? Learn more Our latest articles delivered to your inbox Join more than 50,000 fellow investors to learn about

inbox Join more than 50,000 fellow investors to learn about investment and personal finance in our free weekly Smart Investing™ newsletter.     Subscribe Now Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than

our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing etfs Managed Fund or ETFs.   Should I invest in a managed fund or ETF? | Vanguard Australia Personal Investor

fund or ETF? | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account

Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments5 min readShould I invest in a managed fund or ETF?By Tony Kaye, Senior Personal

in a managed fund or ETF?By Tony Kaye, Senior Personal Finance Writer, Vanguard Australia ETFs What's the difference between managed funds and ETFs? And which product type is right for you? Read more to learn the key features of both investment products and how you can start investing. If you're an

products and how you can start investing. If you're an investor on the Australian stock market, or are considering becoming one, there's a good chance you've heard of ETFs. ETFs are exchange traded funds, and they remain the fastest-growing investment segment on global stock markets. Just this

investment segment on global stock markets. Just this year alone, more than $16 billion of investor money has flowed into a wide variety of ETF products listed on the Australian Securities Exchange. That's taken the total value of ETF assets under management in Australia up to $123 billion. But

under management in Australia up to $123 billion. But there's also another very large investment segment that continues to experience strong growth in Australia, and there's a very good chance you're already part of it. Separate from the stock market, large amounts of money are flowing into

the stock market, large amounts of money are flowing into managed funds. That includes money coming directly from investors, and superannuation money that's invested into managed funds on behalf of millions of working and retired Australians by super funds. What's the difference between ETFs

by super funds. What's the difference between ETFs and managed funds? In reality, ETFs and managed funds are very similar types of products. In fact, in many cases, an ETF traded on the stock market will largely be identical to an unlisted version of the same product that's available to investors as

of the same product that's available to investors as a managed fund. It's often the case that a managed fund will be created first, and then an ETF version of the product will be launched sometime later to provide easy access to investors wanting to buy via the stock market. ETFs and managed funds are

to buy via the stock market. ETFs and managed funds are both managed by professional fund managers. They choose and monitor the holdings the funds invest in. Both ETFs and managed funds have in-built diversification. They pool together money from many people and invest across hundreds, and

money from many people and invest across hundreds, and sometimes thousands, of individual shares, bonds, and other investment securities. For example, instead of buying lots of separate shares, you can invest in one ETF or managed fund that owns shares across Australia's 300 biggest

fund that owns shares across Australia's 300 biggest companies. You can also use the pooled buying power of ETFs and managed funds to access asset types that are normally out of reach to individuals, such as large commercial office buildings, shopping centres, infrastructure assets, and

buildings, shopping centres, infrastructure assets, and government bond issues. And, in the same way as you can invest into ETFs and managed funds that own Australian assets, you can just as easily invest in products with investments in other countries and wider global regions. You also can buy

other countries and wider global regions. You also can buy into diversified ETFs or managed funds that invest across multiple asset types, which allow you to increase or reduce your exposure to different assets such as shares based on your risk tolerance. Which product type is right for me?

on your risk tolerance. Which product type is right for me? Choosing whether to invest in ETFs or an equivalent managed fund generally comes down to your personal preference around how you'd like to invest. It doesn't have to be a one way or the other decision either. You may decide to invest some of

the other decision either. You may decide to invest some of your money into ETFs and some into managed funds. ETFs ETFs are listed securities, just like shares, and are bought and sold in real-time during stock market trading hours. There are usually one-off trading fees (stock brokerage)

There are usually one-off trading fees (stock brokerage) associated with buying and selling, which will vary based on the investment platform you use. The Vanguard Personal Investor platform charges $0 brokerage on Vanguard ETF purchases and a flat $9 on sales. The market price of an ETF will

and a flat $9 on sales. The market price of an ETF will change throughout the day, based on factors such as investor demand as well as other broader factors that may be affecting markets on any given day. As such, ETFs are subject to market volatility in the same way as shares and other market-listed

in the same way as shares and other market-listed securities. But an advantage of being listed is that buyers and sellers have the choice of trading at the live market price or setting an order price limit. An order price limit allows you to choose either the highest price you're willing to pay to

to choose either the highest price you're willing to pay to complete a buy transaction, or the lowest price you're willing to accept to complete a sell transaction. Managed funds Managed funds are unlisted, but they can also easily be bought and sold on trading platforms such as Vanguard Personal

and sold on trading platforms such as Vanguard Personal Investor. Unlike ETFs however, the price of a managed fund doesn't change in real-time throughout the day. Its price is calculated after the stock market closes each day based on its revised net asset value, and is then set for the next trading

revised net asset value, and is then set for the next trading period. So, regardless of what time of day you place your order, you'll get the same managed fund price as everyone else who buys and sells on that day. This removes intraday price volatility. Orders for Vanguard managed fund units will be

volatility. Orders for Vanguard managed fund units will be processed on the same business day if received by 1pm AET. Orders received after 1pm AET will be processed the next business day. Managed funds can provide a regular source of income. Some funds offer monthly, quarterly, or six-monthly

Some funds offer monthly, quarterly, or six-monthly income distributions. Investors can choose to take distributions in cash payments or reinvest them back into the fund. Reinvesting your income distributions can compound your returns giving you potential for higher growth. First steps

giving you potential for higher growth. First steps Regardless of whether you choose to invest via ETFs or managed funds, or both, there are various factors you should always consider before making any type of investment. These include: your tolerance for investment risk and your return

your tolerance for investment risk and your return expectations; your investment objectives and personal circumstances; the length of time you intend to invest (your time horizon); investment fees, management costs and tax; and the investment styles of different products.

and tax; and the investment styles of different products. Vanguard's investment products page has detailed information on all of its ETFs and managed funds. This includes key facts about each fund's size, its investment objective, its suitability, benefits, risks, and fees. You can also see

suitability, benefits, risks, and fees. You can also see what assets each fund holds, its investment performance over time, and the level of historical distributions from the fund. Using low-cost, diversified ETFs and managed funds to build your investment portfolio will help give you the best

build your investment portfolio will help give you the best chance of investment success over the long term.   You may also be interested in5 min readA managed fund or ETF? ETFs The Basics What's the difference between managed funds and ETFs? Learn more 5 min readTax and ETFs ETFs The Basics 5 ways

ETFs? Learn more 5 min readTax and ETFs ETFs The Basics 5 ways ETFs can help you achieve better tax outcomes Learn more 4 min readDividends and distributions ETFs The Basics Find out the difference between the two and how they work when it comes to ETFs. Learn more Our latest articles delivered to your

to ETFs. Learn more Our latest articles delivered to your inbox Join more than 50,000 fellow investors to learn about investment and personal finance in our free weekly Smart Investing™ newsletter.     Subscribe Now Join 30 million others worldwide investing in their futureOpening a Vanguard

Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing etfs why more ETF investors are

learn smart investing etfs why more ETF investors are backing bonds.   Why more ETF investors are backing bonds | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation

account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments7 min readWhy more ETF investors are backing bondsBy Tony Kaye, Senior Personal Finance Writer ETFs The heavy inflows into bond ETFs comes down to two key factors. When it comes to tracking investment trends,

key factors. When it comes to tracking investment trends, financial data can be useful to a point. But it rarely tells the full investment story. Take the surge of inflows from retail investors into ASX-listed exchange traded funds that invest in Australian and global bonds, which are classified

in Australian and global bonds, which are classified as fixed income securities. Bonds are issued by governments and companies to raise capital, and investors can expect to receive full repayment of their principal if they hold them until maturity as well as steady regular interest payments. As

maturity as well as steady regular interest payments. As such, they’re generally considered a lower-risk type of investment compared to shares, which can’t offer any expectations of either full repayment or a steady income and are usually much more prone to market volatility. Bond returns tend

much more prone to market volatility. Bond returns tend to move in the opposite direction to shares and play a valuable role in protecting near-term downside risk when the share market performs worse than expected over short periods. In other words, they typically act as a buffer to volatility in

other words, they typically act as a buffer to volatility in shares. The problem is, last year was highly abnormal. Sharply deteriorating global economic conditions, largely thanks to surging inflations levels, caused extreme volatility on share markets and bond markets. Share prices and

on share markets and bond markets. Share prices and bond trading prices both fell. Strong inflows into bonds However just-released Australian Securities Exchange (ASX) data shows $747 million was invested into Australian bond ETFs in the last quarter of 2022 alone – almost as much as the amount

the last quarter of 2022 alone – almost as much as the amount of money invested into Australian shares ETFs ($816 million). This followed inflows of $920 million into Australian bond ETFs in the third quarter, which actually exceeded the amount invested into Australian shares ETFs ($805

the amount invested into Australian shares ETFs ($805 million). That’s extremely unusual. Bond inflows in Australia hardly ever exceed inflows into shares. Over the course of 2022, total investment inflows into Australian bond ETFs rose 65 per cent from the year before to $2.80 billion.

ETFs rose 65 per cent from the year before to $2.80 billion. Investments into global bond ETFs listed on the ASX also surged in the final quarter of 2022, from just $50 million of inflows in the third quarter to $492 million over the final three months. What’s behind the bonds inflows? The surging

three months. What’s behind the bonds inflows? The surging inflows into bonds largely comes down to two key factors: rising interest rates and investment portfolio rebalancing. Interest rates had been hovering at record lows. But as central banks around the world moved quickly to raise

But as central banks around the world moved quickly to raise official interest rates last year in a bid to curb inflation, investors began turning back to bond funds. As official interest rates rise, so do the interest rate returns offered on new bond issues. That obviously makes bonds more

offered on new bond issues. That obviously makes bonds more attractive to investors seeking higher steady income streams. Minh Tieu, Vanguard’s Head of ETF Capital Markets, Asia-Pacific, says the higher income payments now available from bonds is expected over time to offset the bond price

from bonds is expected over time to offset the bond price declines that occurred in 2022. “In 2023, our return expectations for fixed income have significantly increased compared to a year ago,” he says. “Thanks to higher starting interest rates as a result of central banks around the world

interest rates as a result of central banks around the world working to quell persistent inflation, we forecast global bonds to return 3.9-4.9 per cent and domestic bonds to return 3.7-4.7 per cent over the next decade, a 2 percentage point increase on our previous forecasts. “We saw the beginning

increase on our previous forecasts. “We saw the beginning of increased demand for fixed income ETFs in late 2022 and expect investor interest to grow as this new year unfolds.” Portfolio rebalancing The other key facet to the bonds boost is portfolio rebalancing. The unusual correlation we saw

is portfolio rebalancing. The unusual correlation we saw between bonds and equities in 2022 – with both experiencing heavy price falls – is likely to end this year, delivering greater diversification benefits to investors holding both shares and bonds in their portfolios. The normal role of

shares and bonds in their portfolios. The normal role of bonds in investment portfolios is to provide asset class diversification to help smooth out total investment returns over time. More and more investors are taking advantage of the higher returns now on offer from bonds to balance out their

higher returns now on offer from bonds to balance out their holdings in shares. While bonds do not generally outperform riskier asset classes such as shares over the long run, they have a more stable return profile. “On this note, last year we saw a lot of commentary about the death of the 60/40

year we saw a lot of commentary about the death of the 60/40 portfolio and this year will likely to see a flip in sentiment, declaring its resurgence as bond returns turn positive,” Tieu says. “While we’ve maintained that history has proven the worth of balanced portfolios no matter the market

the worth of balanced portfolios no matter the market conditions, the key takeaway for investors here is that sticking with a diversified asset allocation and avoiding the urge to time the market is the best way to achieve long-term investment success, no matter which asset class is predicted to

success, no matter which asset class is predicted to outperform”. Australian ETF market net cash flow by asset class (Q4 2022 v Q3 2022) Asset class Q4 2022 ($m) Q3 2022 ($m) Australian equity 816 805 Australian fixed income 747 920 Cash 713 387 Global fixed income 492 50 Global equity 430 814 Global

387 Global fixed income 492 50 Global equity 430 814 Global property 179 89 Multi asset 87 228 Infrastructure 85 102 Australian property 83 126 Commodity -53 -17 Currency -25 11 Total 3,554 3,515 Source: Australian Securities Exchange You may also be interested in7 min readETFs: How to get started

may also be interested in7 min readETFs: How to get started ETFs The Basics Building a well-diversified investment portfolio may seem out of reach. ETFs could be a good way to kick-start your savings and investment plan. Learn more 5 min readWhat's right for you - an ETF or a managed fund? ETFs Once

readWhat's right for you - an ETF or a managed fund? ETFs Once you have decided you are ready to invest, your next question might be whether to invest in an exchange-traded fund or an unlisted managed fund. Learn more 6 min readIntroduction to diversified funds Investment Strategy If deciding which

diversified funds Investment Strategy If deciding which asset classes to include in your portfolio seems overwhelming, consider investing in a diversified fund or ETF. Learn more Our latest articles delivered to your inbox Join more than 50,000 fellow investors to learn about investment and

than 50,000 fellow investors to learn about investment and personal finance in our free weekly Smart Investing™ newsletter.     Subscribe Now Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing investing strategy an investment gift for growing children.   An investment gift for growing children | Vanguard

An investment gift for growing children | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard

Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments7 min readAn investment gift for growing childrenBy

min readAn investment gift for growing childrenBy Tony Kaye, Senior Personal Finance Writer Investment Strategy Investing for your kids is a long-lasting investment in their future. So, what about a special financial gift that will keep on giving for many years to come? In fact, beyond the

keep on giving for many years to come? In fact, beyond the monetary aspect, it’s a gift that should impart important lessons that can last a lifetime. To get the most out of this gift, you could also commit to a long-term regular investment program on behalf of your child or children. Think of it as a

program on behalf of your child or children. Think of it as a long-lasting investment in their future. The gift of compounding returns Investing is primarily about generating a return on your capital outlay. A return can be achieved in a number of ways, including via capital growth, regular

in a number of ways, including via capital growth, regular income, and through compounding. “Money makes money. And the money that money makes, makes money,” noted the famous American scientist and inventor, Benjamin Franklin (1706 - 1790), when explaining the power of compounding investment

when explaining the power of compounding investment returns. Put simply, as an investment balance increases over time, the investment returns generated off the higher investment balance will also increase. The best way to illustrate this is by using a real-life example. This scenario is based

this is by using a real-life example. This scenario is based on a parent having set up an investment account on behalf of a child on 31 October 2004, with a starting balance of $100. The parent invested through the minor’s account into the Vanguard High Growth Index Fund, and then made ongoing $100

Vanguard High Growth Index Fund, and then made ongoing $100 monthly investments into the same account. The Vanguard High Growth Index Fund is a managed fund that’s essentially a ready-made investment portfolio incorporating seven different Vanguard index funds. It invests in a broad mix of

different Vanguard index funds. It invests in a broad mix of Australian and international shares, and fixed income securities. The numbers quoted are based on the actual returns, after management fees but before tax, generated by the Vanguard High Growth Index Fund over the 18-year period from

High Growth Index Fund over the 18-year period from 31 October 2004 to 31 October 2022. Importantly, to demonstrate the combined benefits of regular investing and compounding returns over time, they assume that all distribution payments from the managed fund were reinvested back into buying

from the managed fund were reinvested back into buying additional fund units. Although the share market is prone to short-term volatility, over the longer term the share market has delivered strong growth for investors. For a child, what happens in the short term will have little bearing on their

happens in the short term will have little bearing on their long-term capital returns. Vanguard High Growth Index Fund - $100 Monthly Contributions Source: Vanguard. Past performance information is given for illustrative purposes only and should not be relied upon as, and is not, an indication

and should not be relied upon as, and is not, an indication of future performance. By the end of year one, after making $1,200 of regular investments, you can see from the chart that the child’s account balance had grown minimally. But the longer-term benefits of compounding returns are better

longer-term benefits of compounding returns are better demonstrated from the end of year five. At that point, in October 2009, and after ongoing $100 per month contributions and the reinvestment of distributions, the child’s overall account balance had grown to more than $6,000. Fast-forward

balance had grown to more than $6,000. Fast-forward another five years, and by October 2014 the child’s account balance had just about reached $18,000. Then, through ongoing investments and as a result of higher compounding returns, the account balance surged to around $36,000 by October 2019

account balance surged to around $36,000 by October 2019 and to almost $46,000 by the end of October 2022. Not a bad profit (around $24,000, or 112 per cent), based on a total of $21,600 in monthly contributions made over 18 years. This return was despite several prominent market blips – namely the

was despite several prominent market blips – namely the downturns on global financial markets over 2008 and 2009 stemming from the Global Financial Crisis, and the impact on markets from the outbreak of the COVID 19 pandemic in early 2020. The gift of financial education When it comes to

early 2020. The gift of financial education When it comes to investing, and more particularly to achieving investment success, knowledge is key for both adults and children. Involving your children throughout any investment process you take on their behalf can be invaluable. As well as

you take on their behalf can be invaluable. As well as teaching them the basics of investing, having a long-term investment plan and framework will show them the benefits of strategies such as making regular investment contributions to increase compounding returns. It will also teach them about

compounding returns. It will also teach them about the benefits of staying the course, over the long term, and not being distracted by short-term market events and volatility. How much you invest, and how often you invest on a child’s behalf, is entirely up to you. That ultimately comes down to what

is entirely up to you. That ultimately comes down to what you can afford to invest. Set an affordable ongoing investment amount into your regular spending budget for each child. Even small amounts will grow over time when combined with compounding investment returns. Of course, to achieve the

compounding investment returns. Of course, to achieve the full benefits of making regular contributions and from compounding returns on behalf a child, the earlier you start investing for them the better. They’re lessons that they can take with them too as they grow as children, as they move into

take with them too as they grow as children, as they move into adulthood and start investing in their own right to continue building personal wealth, and that they can eventually pass onto their own children. Personal Investor Kids Vanguard has recently launched Personal Investor Kids, a special

has recently launched Personal Investor Kids, a special investing account designed to give children under the age of 18 the best chance of investment success over the long term. It also enables adults who are Personal Investor clients to make regular automated investments using Auto Invest,

to make regular automated investments using Auto Invest, starting from as little as $25 per fortnight, month, or quarter. Personal Investor Kids accounts also allows one-off investments to be made directly into a child’s account. Personal Investor Kids provides access to Vanguard’s four

Personal Investor Kids provides access to Vanguard’s four ready-made diversified managed fund portfolios – the Vanguard High Growth Index Fund, Vanguard Growth Index Fund, Vanguard Balanced Index Fund, and Vanguard Conservative Index Fund. You may also be interested in7 min read5 things you

Fund. You may also be interested in7 min read5 things you should know about fees The Basics Vanguard's founder Jack Bogle once said: 'common sense tells us that performance comes and goes, but costs go on forever.' Here are five things you should know about fees before you invest in ETFs. Learn more 5

know about fees before you invest in ETFs. Learn more 5 min readHow to rebalance your investment portfolio ETFs The Basics How can investors rebalance their portfolio and how often should they do it? Read more to find out.. Learn more 6 min readHow often should you check investment returns?

6 min readHow often should you check investment returns? Investment Strategy It's natural to want to monitor your portfolio value, but how often is too often? Learn more Our latest articles delivered to your inbox Join more than 50,000 fellow investors to learn about investment and personal

fellow investors to learn about investment and personal finance in our free weekly Smart Investing™ newsletter.     Subscribe Now Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing investing strategy benefits of regular investing.   The benefits of regular investing | Vanguard Australia Personal

of regular investing | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open

investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments5 min readThe benefits of regular investingBy Robin Bowerman, Head

benefits of regular investingBy Robin Bowerman, Head of Corporate Affairs, Vanguard Australia Investment strategy Regularly investing smaller sums of money is one of the best ways to achieve an ambitious financial goal. Learn why setting up automatic investments and dollar-cost averaging

up automatic investments and dollar-cost averaging are powerful investment approaches. Making regular investments of smaller sums of money is one of the best ways to achieve an ambitious financial goal without feeling daunted by the task ahead. It can also help keep you on track so you can reach

task ahead. It can also help keep you on track so you can reach your goal faster. Set and forget Setting up automatic investments on your brokerage or fund platform is an easy way to ensure you contribute regularly whilst removing the pressure of deciding when to make each investment. Not only do

of deciding when to make each investment. Not only do automatic investments simplify the process, it also discourages risky investment behaviour such as market timing or following the crowd. Dollar-cost averaging Automatic investments of the same amount of money each time is also a great way to

of the same amount of money each time is also a great way to implement the 'dollar-cost averaging' strategy and in many ways simply replicate what your workplace super contributions are doing but with the advantage that the money can be accessed for personal goals – house deposit, holiday,

be accessed for personal goals – house deposit, holiday, education expenses – compared with super which is locked away till retirement. The price of ETFs and shares will fluctuate as markets rise and fall, which means the investments you have will have been purchased at different prices because

have will have been purchased at different prices because they were bought at different times. This is a good thing because when prices are up, you'll buy fewer of them. When they're down, you'll buy more. Overall, this strategy will lower the average entry cost into specific assets over time.

the average entry cost into specific assets over time. While lowering the cost of investing is certainly a positive, the most powerful reason to practice dollar-cost averaging is that it encourages discipline and removes any behavioural biases or emotional factors when it comes to

biases or emotional factors when it comes to investing. Investing based on emotional instinct, be that greed or fear, is dangerous. It can be easy to fall victim to market cycles – particularly during periods of volatility – and either panic-sell when markets dip or become overweight in

either panic-sell when markets dip or become overweight in particular asset classes when markets boom. Such actions can be detrimental to your long-term investment goals. Dollar-cost averaging in practice Below is an example of how dollar-cost averaging can build up investment balances over

averaging can build up investment balances over time, assuming you have $5000 to start with, set weekly contributions over a 10-year period and achieve a 6 per cent average annual return including distributions. Weekly contribution amount Balance after 10 years $25 $26,089 $30 $29,516 $35

amount Balance after 10 years $25 $26,089 $30 $29,516 $35 $32,943 $40 $36,370 $45 $39,797 $50 $43,224 As illustrated above, regularly investing smaller amounts can go a long way in accumulating wealth without you having to be overly concerned by what the market is doing. For those wishing to

concerned by what the market is doing. For those wishing to invest over the long-term or need a strategy that is low-touch and low-fuss, dollar-cost averaging may be the answer. Just be mindful of brokerage platform fees as some may charge a fee for every investment.   You may also be interested in5

a fee for every investment.   You may also be interested in5 min readA managed fund or ETF? ETFs The Basics What's the difference between managed funds and ETFs? Learn more 5 min readTax and ETFs ETFs The Basics 5 ways ETFs can help you achieve better tax outcomes Learn more 4 min readDividends and

better tax outcomes Learn more 4 min readDividends and distributions ETFs The Basics Find out the difference between the two and how they work when it comes to ETFs. Learn more Our latest articles delivered to your inbox Join more than 50,000 fellow investors to learn about investment and personal

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing investing strategy check investment returns.   How often should you check investment returns? | Vanguard Australia

should you check investment returns? | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard

Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments5 min readHow often should you check investment

min readHow often should you check investment returns?By Tony Kaye, Senior Personal Finance Writer, Vanguard Australia Investment Strategy It's natural to want to monitor your portfolio value, but how often is too often? Is there any real benefit in checking your investment returns daily,

real benefit in checking your investment returns daily, weekly, or even monthly? Before you started reading this article, did you already do a check-up on your investment portfolio value? If you did, and do so just about every day, you're certainly not alone. After all, it's human nature to look

certainly not alone. After all, it's human nature to look regularly at what financial markets have been doing and how your specific investments have performed. And that's so easy to do these days through online financial platforms. Vanguard Australia recently surveyed more than 1,000

Vanguard Australia recently surveyed more than 1,000 Australian investors and found almost one-third (28 per cent) of respondents check their investment returns every day. A similar percentage of investors check their returns weekly, and about 20 per cent check theirs monthly. Less than 10

and about 20 per cent check theirs monthly. Less than 10 per cent of investors look at their returns less frequently. That's almost 60 per cent of investors who look at their returns at least weekly, and another 20 per cent who check every few weeks. But how often is too much? Is there any real benefit in

weeks. But how often is too much? Is there any real benefit in checking your investment returns daily, weekly, or even monthly? After all, a daily pulse check can only provide an extremely short-term snapshot based on the market rises and falls over the immediate trading period. If you check your

falls over the immediate trading period. If you check your returns in the morning, they will invariably be different by the end of the day. Checking weekly cancels out some of the day-to-day market volatility, but even a week is still very short term. Over a month you'll potentially get a slightly

short term. Over a month you'll potentially get a slightly clearer picture but, again, a few weeks is not really going to be strongly indicative of broader market trends. What's your strategy? Short-term market events can be unsettling, especially when your money is invested in highly volatile

especially when your money is invested in highly volatile assets such as shares. Take last year for example, when financial markets fell more than 30 per cent over just a couple of weeks as investor panic set in over the spread of Covid-19. People who checked on their returns daily (even multiple

People who checked on their returns daily (even multiple times a day) or weekly at that time would have seen their returns fall very sharply. Depending on when they started investing, many may have seen their profits totally wiped out and their investments showing large capital losses. It was a

their investments showing large capital losses. It was a disturbing short-term period, but within a month or so markets had already started to rebound. Now, just over 12 months later, the Australian and other key share markets are trading near record highs. The power of compounding returns The

near record highs. The power of compounding returns The key lesson here is that, irrespective of short-term events, it's always important to stay focused on your long-term investment goals and your overarching strategy to achieve them. Short-term market movements ultimately will have little

Short-term market movements ultimately will have little impact on your longer-term returns. While we're still a little way off from being able to rule off the investment books to the end of this financial year, it's evident that global financial markets have performed strongly over the last 12

financial markets have performed strongly over the last 12 months. That being said, one year is still a relatively short period of time in the context of investing and being able to measure your returns on a meaningful level. Which is why Vanguard produces a chart every year showing the returns from

produces a chart every year showing the returns from a range of different asset classes over a 30-year period. Among other key events, the last 30 years includes both the 2007-08 Global Financial Crisis and the 2020 Covid-19 market crash. The 2020 Vanguard Index Chart shows that a $10,000

crash. The 2020 Vanguard Index Chart shows that a $10,000 investment made into Australian shares in 1990 would have achieved an 8.9 per cent total return per annum if all distributions had been reinvested and grown to $130,457 by 30 June 2020. Over the same time frame, and using the same strategy, a

Over the same time frame, and using the same strategy, a $10,000 investment into the broad United States share market would have delivered a 10.3 per cent per annum return and grown to $186,799. The 2021 Vanguard Index Chart covering the 30 years to the end of 30 June 2021 will be released in the next

30 years to the end of 30 June 2021 will be released in the next few months. Even a low initial balance will grow substantially over time when combined with compounding investment returns. There's nothing inherently wrong with checking your investments daily, weekly or monthly. However, the most

investments daily, weekly or monthly. However, the most important thing to do as an investor is to stay disciplined and remain focused on the longer term. Successful investing revolves around having a well-planned and diversified strategy that's aligned to your specific goals, and the resolve

that's aligned to your specific goals, and the resolve to stay on track even during volatile investment periods. Investors who stay the course over time, riding through the regular ups and downs of the markets, have a much better chance of achieving investment success than those who take

chance of achieving investment success than those who take short-term positions and try to time when to buy and sell.     You may also be interested in7 min readETFs: How to get started ETFs The Basics Building a well-diversified investment portfolio may seem out of reach. ETFs could be a good way to

portfolio may seem out of reach. ETFs could be a good way to kick-start your savings and investment plan. Learn more 5 min readWhat's right for you - an ETF or a managed fund? ETFs Once you have decided you are ready to invest, your next question might be whether to invest in an exchange-traded fund or an

might be whether to invest in an exchange-traded fund or an unlisted managed fund. Learn more 6 min readIntroduction to diversified funds Investment Strategy If deciding which asset classes to include in your portfolio seems overwhelming, consider investing in a diversified fund or ETF. Learn

consider investing in a diversified fund or ETF. Learn more Our latest articles delivered to your inbox Join more than 50,000 fellow investors to learn about investment and personal finance in our free weekly Smart Investing™ newsletter.     Subscribe Now Join 30 million others worldwide

Subscribe Now Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing investing strategy six tips

learn smart investing investing strategy six tips for young investors.   6 tips for the young investor in today’s markets | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia

Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments5 min read6 tips for the young investor in today’s marketsBy Vanguard Investment Strategy How much money you're able to invest each year is one of the biggest factors in achieving your financial

is one of the biggest factors in achieving your financial goals. And the longer you're invested, the more time your money has to compound and grow. Inflation is up and markets are down. What does this mean for you? Entering the world of investing can be intimidating, even during the best of times.

can be intimidating, even during the best of times. After all, it's normal to have some hesitation when you're doing something new. But what about when the markets are choppy? The truth is, ups and downs in the markets are normal parts of the investment landscape. But starting out during a rocky

the investment landscape. But starting out during a rocky market is not a bad place to be. When you're still in the accumulation phase of your financial life, you're trying to grow your portfolio—by holding more growth-oriented investments, for example. At this stage, you're more likely to have

for example. At this stage, you're more likely to have time to take on more risk because you won't be accessing your money for many years. In short, time is on your side. A volatile market can be seen as a formidable hurdle. But down markets can be favourable for investors. As the mantra goes, “buy low,

be favourable for investors. As the mantra goes, “buy low, sell high.” If you can start saving for your future when the share market is down, you give yourself a better chance of meeting your goals. That's because you'll be able to buy more shares at a lower price, which can give you more value over the

at a lower price, which can give you more value over the long term. The longer you wait to start investing, the more money you'll likely need to invest over time to accumulate the same amount. You could also end up purchasing shares when they're more expensive and miss out on market appreciation. This

more expensive and miss out on market appreciation. This also could be a great time to dollar-cost average. “Dollar-cost averaging” is the practice of purchasing a fixed dollar amount of a particular investment on a regular basis, regardless of the share price. You'll automatically buy more

of the share price. You'll automatically buy more shares when prices are low and fewer shares when prices are high. This helps you avoid the risk of investing a lump-sum amount when prices are at their peak. With each contribution, your portfolio has the potential to grow—increasing your nest egg.

has the potential to grow—increasing your nest egg. Tips for getting started on your investment journey   The Dos 1. Start now, start small Create a budget for yourself and commit to investing a comfortable amount on a regular basis. For example, you could: Start contributing a little each month

example, you could: Start contributing a little each month into an account dedicated to investing suitable for your situation. Set up a monthly investment into a high-yield account where you may be able to earn more interest than a standard savings account. 2. Maintain voluntary contributions

savings account. 2. Maintain voluntary contributions to super If your company provides a matching contribution, contribute up to the full match. The company’s match is essentially “free money” toward your future that can help you reach your goals sooner—so why miss out? 3. Start an emergency

your goals sooner—so why miss out? 3. Start an emergency fund An emergency fund should cover about 3 to 6 months of your living expenses. Keep in mind: Your emergency fund should be kept in a liquid and stable place like a high-yield savings account. The Don’ts 1. Don’t spend your money on trendy

account. The Don’ts 1. Don’t spend your money on trendy investments. While it may be alluring (who wouldn't want to get rich quick?), jumping on the bandwagon for an individual stock that's momentarily in the spotlight is high-risk. 2. Don’t stop contributing to your investment when markets

stop contributing to your investment when markets are volatile. The sooner money is invested, the more time it has to grow. Stopping contributions altogether will slow your progress. You work hard for your money; let it work hard for you. 3. Don’t focus on the value of your portfolio on a single

3. Don’t focus on the value of your portfolio on a single day. On any given day, the market can go up or down. Instead of stressing over your balance, ask yourself, "When will I need this money?" If the money is for a longer-term goal—say 10, 20, or even 30 years—the value of your portfolio today doesn't

or even 30 years—the value of your portfolio today doesn't matter. These are general tips and every investor should consider their own personal situation when making financial decisions.  You may also be interested in7 min read5 things you should know about fees The Basics Vanguard's founder

you should know about fees The Basics Vanguard's founder Jack Bogle once said: 'common sense tells us that performance comes and goes, but costs go on forever.' Here are five things you should know about fees before you invest in ETFs. Learn more 5 min readHow to rebalance your investment portfolio

more 5 min readHow to rebalance your investment portfolio ETFs The Basics How can investors rebalance their portfolio and how often should they do it? Read more to find out.. Learn more 6 min readHow often should you check investment returns? Investment Strategy It's natural to want to monitor

Investment Strategy It's natural to want to monitor your portfolio value, but how often is too often? Learn more Our latest articles delivered to your inbox Join more than 50,000 fellow investors to learn about investment and personal finance in our free weekly Smart Investing™ newsletter.

finance in our free weekly Smart Investing™ newsletter.     Subscribe Now Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with

to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing investing strategy turbocharge your investment returns.   How to turbocharge your investment returns | Vanguard Australia Personal Investor  You need

returns | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log

centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments7 min readHow to turbocharge your investment returnsBy Tony Kaye, Senior Personal

your investment returnsBy Tony Kaye, Senior Personal Finance Writer Investment Strategy If you’d invested $10,000 into the whole Australian share market back in 2002, your initial investment amount would have grown to almost $50,000 by 30 June 2022. It’s a huge gain. Around 385 per cent to be

by 30 June 2022. It’s a huge gain. Around 385 per cent to be precise. And, to achieve it, all that you would have needed to do is reinvest all the Australian company dividends you’d received over the last 20 years back into the Australian share market. You could have achieved similar returns by

share market. You could have achieved similar returns by investing through a managed fund or an exchange traded fund (ETF) that tracks the broad Australian share market. Yet, as good as that all sounds, you could have done much better if you had added to your initial $10,000 investment by making

you had added to your initial $10,000 investment by making regular monthly investment contributions. How much better? Just by adding $250 per month your Australian share market investment would have surged to more than $180,000. In other words, for $60,000 in total additional contributions

words, for $60,000 in total additional contributions over 20 years, your end investment would have been worth over $130,000 more than if you had made no extra contributions. The numbers, which assume you incurred no investment management fees, indirect costs, or buy/sell spreads, obviously

fees, indirect costs, or buy/sell spreads, obviously get larger if you had made higher regular monthly contributions. By adding $500 per month to the initial $10,000 amount your investment would have grown to more than $317,000. That’s a $130,000 total investment ($10,000 plus $120,000 in

a $130,000 total investment ($10,000 plus $120,000 in other contributions) over 20 years to achieve an investment worth $270,000 more than if you had just left your initial investment to grow on its own. This growth reflects the additional capital contributed together with the market returns on

capital contributed together with the market returns on the higher investment balance. Here’s how those numbers would have looked based on the actual performance of the All Ordinaries Accumulation Index (which measures the Australian share market) from 1 July 2002 to 30 June 2022. The benefits

share market) from 1 July 2002 to 30 June 2022. The benefits of regular contributions Date No extra contributions* $250 per month $500 per month 1 July 2002 $10,000 $10,000 $10,000 30 June 2007 $24,432 $52,047 $79,661 30 June 2012 $19,832 $57,104 $94,378 30 June 2017 $34,329 $117,332 $200,335 30

$57,104 $94,378 30 June 2017 $34,329 $117,332 $200,335 30 June 2022 $48,503 $182,931 $317,359 Source: Vanguard. *Assumes the reinvestment of income distributions and does not take into consideration investment management fees, indirect costs, and buy/sell spreads. Past performance

indirect costs, and buy/sell spreads. Past performance information is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. It’s only when you compare the results side by side that the full picture becomes much clearer. An initial

side that the full picture becomes much clearer. An initial contribution amount combined with a regular investment savings strategy and the reinvestment of distributions over time will deliver much higher long-term results. In the example used above, there would have already been a

In the example used above, there would have already been a significant gap after just five years (in 2007) between investors who had not made additional contributions versus those that had. And you can see that gap would have kept on widening over time. After 20 years, any investors who had followed

over time. After 20 years, any investors who had followed a $250 per month regular contributions plan would have ended up with more than three times the amount of money than investors who had made no additional contributions. A $500 per month contributions plan would have increased the

$500 per month contributions plan would have increased the differential to more than six times. Understanding dollar-cost averaging There’s another major advantage in making regular investment contributions, which brings into play a well-known portfolio strategy called dollar-cost

play a well-known portfolio strategy called dollar-cost averaging. You may not realise it, but you’re probably already undertaking this strategy (indirectly) if you’re a member of a super fund. Here’s how dollar-cost averaging works. Every time your employer makes a contribution into your

Every time your employer makes a contribution into your super fund account it’s automatically invested by your fund according to the default investment strategy that you’ve chosen. Maybe you’ve selected a “high-growth” super option, a “balanced” option, or a “conservative” option. Behind

a “balanced” option, or a “conservative” option. Behind the scenes your super money is most likely being directed into different managed funds, which invest into shares, bonds, cash, and other types of assets. While the amount of super your employer pays doesn’t change, your investment

super your employer pays doesn’t change, your investment purchasing power does change every time you receive a new super contribution. That’s because the prices of the managed fund units your super fund is investing into does change every day. If those managed fund unit prices have risen since

day. If those managed fund unit prices have risen since your last contribution, then your super fund will be purchasing fewer units than last time. Likewise, if the managed fund unit prices have fallen in value, your super fund will be purchasing more units than last time. This strategy works in

more units than last time. This strategy works in exactly the same way if you make regular contributions at set intervals outside of your super to buy units directly in other managed funds and ETFs. You’ll automatically buy more units when market prices are lower and fewer units when prices are

when market prices are lower and fewer units when prices are higher. Over the total period that you keep investing, your average entry cost into specific assets will potentially be lower than if you’d try to guess the best time to buy in. As your unit balance grows over time, your corresponding

As your unit balance grows over time, your corresponding distributions via company dividends and other payments will also keep on growing. That’s the magic of compounding investment returns. Just like your super contributions, it’s all really about sticking to a disciplined, non-emotional

all really about sticking to a disciplined, non-emotional approach to investing that’s not affected by what’s happening on financial markets at any point in time. Making regular contributions, and taking advantage of dollar-cost averaging, really adds up. They’re a powerful combination in

really adds up. They’re a powerful combination in helping you to focus on achieving your investment goals, ideally through an appropriately diversified portfolio, to give you the best chance of investment success over the long term. You may also be interested in7 min read5 things you should know

may also be interested in7 min read5 things you should know about fees The Basics Vanguard's founder Jack Bogle once said: 'common sense tells us that performance comes and goes, but costs go on forever.' Here are five things you should know about fees before you invest in ETFs. Learn more 5 min

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing investing strategy whats your risk profile.html.   What's your risk profile? | Vanguard Australia Personal Investor  You

risk profile? | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an

Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments6 min readWhat's your risk profile?By Vanguard Staff Writer Investment

your risk profile?By Vanguard Staff Writer Investment strategy Your attitude to risk is one of the most important factors to consider when it comes to investing. How much risk can you tolerate? Your attitude to risk is one of the most important factors to consider when it comes to investing. This is

factors to consider when it comes to investing. This is because growth assets, like shares and property securities, tend to have more volatile returns over the shorter term but they do have the potential to produce higher long-term returns. Assets like bonds and cash are considered lower risk and

Assets like bonds and cash are considered lower risk and less volatile but they generally do not have the same potential for similar high returns over the long term. Understanding whether you have an appetite for risk and where you are on the risk spectrum is often the first step on an investment

on the risk spectrum is often the first step on an investment journey. Consider your timeframe into your risk profile Generally, the longer you have to invest, the more growth assets you can include in your portfolio. The graph below illustrates how the ups and downs of investment markets tend to

how the ups and downs of investment markets tend to even out and the gap between the highest and lowest returns closes over time. For example, holding international shares for just one year an investor might experience a return of over 40% or lower than -30%. Over longer time periods, however, these

lower than -30%. Over longer time periods, however, these wild swings tend to smooth out. This is why it is important to consider your timeframe for your investment goal when choosing your investments. For instance, investing funds you're earmarking for a home you want to buy in three years is very

earmarking for a home you want to buy in three years is very different to funds you're setting aside for your retirement in thirty years. The risk tolerance for the former is much lower because of the shorter time frame. Risk of major asset classes Range of returns over 1, 5 and 10 year periods (1

classes Range of returns over 1, 5 and 10 year periods (1 January 1990 - 30 September 2017) Note: Assumes 100% reinvestment of distributions without any considerations of fees. Source: Vanguard calculations using data from Morningstar Direct. Vanguard Diversified Funds: example of investor

Direct. Vanguard Diversified Funds: example of investor risk profiles Most fund managers offer diversified funds where the mix of investments, or asset allocations, are aligned with a range of investor profiles and their appetite for risk. Let's look at Vanguard Diversified Funds as an

for risk. Let's look at Vanguard Diversified Funds as an example. There are four funds - conservative, balanced, growth and high growth. Vanguard Diversified Funds: income/growth allocation They aim to provide long-term investment returns that match your desired level of risk. The

returns that match your desired level of risk. The allocations to defensive assets (bonds and cash) and growth (shares and property securities) are the main factors influencing the risk/return profiles of the Diversified Fund portfolios. Vanguard's Diversified High Growth Fund invests 10

Vanguard's Diversified High Growth Fund invests 10 per cent of the portfolio in income or defensive assets (bonds) and 90 per cent in growth assets (shares), and is suited to those seeking capital growth and those with a higher risk tolerance and longer investment time frame. However, if the

and longer investment time frame. However, if the thought of your investments going up and down is going to keep you awake at night, you may feel more comfortable choosing a more conservative or balanced investment approach, where there is a higher allocation to defensive assets. Although taking

a higher allocation to defensive assets. Although taking no risk can be one of the biggest risks of all, if you invest all your money in cash, inflation and costs can erode your investment returns and purchasing power over time.   You may also be interested in7 min read5 things you should know about

be interested in7 min read5 things you should know about fees The Basics Vanguard's founder Jack Bogle once said: 'common sense tells us that performance comes and goes, but costs go on forever.' Here are five things you should know about fees before you invest in ETFs. Learn more 5 min readHow to

fees before you invest in ETFs. Learn more 5 min readHow to rebalance your investment portfolio ETFs The Basics How can investors rebalance their portfolio and how often should they do it? Read more to find out.. Learn more 6 min readHow often should you check investment returns? Investment

often should you check investment returns? Investment Strategy It's natural to want to monitor your portfolio value, but how often is too often? Learn more Our latest articles delivered to your inbox Join more than 50,000 fellow investors to learn about investment and personal finance in our

to learn about investment and personal finance in our free weekly Smart Investing™ newsletter.     Subscribe Now Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing investing strategy whats your risk profile.   What's your risk profile? | Vanguard Australia Personal Investor  You need to

centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments6 min readWhat's your risk profile?By Vanguard Staff Writer Investment strategy

profile?By Vanguard Staff Writer Investment strategy Your attitude to risk is one of the most important factors to consider when it comes to investing. How much risk can you tolerate? Your attitude to risk is one of the most important factors to consider when it comes to investing. This is because

to consider when it comes to investing. This is because growth assets, like shares and property securities, tend to have more volatile returns over the shorter term but they do have the potential to produce higher long-term returns. Assets like bonds and cash are considered lower risk and less

like bonds and cash are considered lower risk and less volatile but they generally do not have the same potential for similar high returns over the long term. Understanding whether you have an appetite for risk and where you are on the risk spectrum is often the first step on an investment journey.

spectrum is often the first step on an investment journey. Consider your timeframe into your risk profile Generally, the longer you have to invest, the more growth assets you can include in your portfolio. The graph below illustrates how the ups and downs of investment markets tend to even out and

the ups and downs of investment markets tend to even out and the gap between the highest and lowest returns closes over time. For example, holding international shares for just one year an investor might experience a return of over 40% or lower than -30%. Over longer time periods, however, these

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing life events how to rebalance your investment portfolio.   How to rebalance your investment portfolio | Vanguard Australia

rebalance your investment portfolio | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard

Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments5 min readHow to rebalance your investment

min readHow to rebalance your investment portfolioBy Vanguard Staff Writer Life events How can investors rebalance their portfolio and how often should they do it? Read more to find out. The target mix of your investment portfolio should be built on your goals, time horizon and risk tolerance.

be built on your goals, time horizon and risk tolerance. But goals can change, and market fluctuations can cause your asset allocation to shift, so it's important to monitor your portfolio on a regular basis and make adjustments as needed to ensure you are not taking on more risk than you are

needed to ensure you are not taking on more risk than you are comfortable with. This process is called portfolio rebalancing. When should investors rebalance? Most rebalancing strategies consider two types of triggers: time, threshold, or a blend of both. With a time trigger, the portfolio is

or a blend of both. With a time trigger, the portfolio is rebalanced on a predetermined schedule such as quarterly, semi-annually or annually (but not daily or weekly). With a threshold trigger, the portfolio is rebalanced only when its asset allocation has drifted from the target by a

when its asset allocation has drifted from the target by a predetermined percentage, such as 5 or 10 per cent. How can investors rebalance? 1. Reinvest dividends Direct dividends and/or capital gains distributions from the asset sector that exceeds its target into one that is underweight. 2.

that exceeds its target into one that is underweight. 2. Make additional contributions Add funds to the asset sector that falls below its target percentage. 3. Transfer funds between asset classes Shift money out of the asset class that exceeds its target into the other investments. When you

exceeds its target into the other investments. When you rebalance you need to consider the costs and tax implications. In most cases you will have brokerage costs and, with some managed funds, an entry/exit fee. There may also be tax consequences when transferring funds between asset classes.

when transferring funds between asset classes. Sometimes it is more tax effective to use new cashflow or distributions rather than transferring assets. If you have a large portfolio, redirecting cash flow or dividends may not be sufficient to bring your asset allocation back into balance. In

to bring your asset allocation back into balance. In such instances, you might have to liquidate investments to rebalance, which may have tax implications. How often should investors rebalance? Generally, more frequent rebalancing will ensure tighter tracking to your target asset

will ensure tighter tracking to your target asset allocation, but this potentially comes at the cost of lower returns, increased turnover, and a heavier tax burden in the current period. This is why rebalancing should not occur on a daily or weekly basis. Vanguard research has found that there is

or weekly basis. Vanguard research has found that there is no specific rebalancing threshold or frequency that consistently outperforms. Rather, an investor's rebalancing strategy is based on their willingness to accept risk against their expected returns. Research has also shown that any

their expected returns. Research has also shown that any rebalancing is better than not rebalancing at all. If you are unsure which rebalancing process is right for you, consult a licensed financial adviser who can help tailor rebalancing strategies to your personal situation. You may also be

strategies to your personal situation. You may also be interested in5 min readA managed fund or ETF? ETFs The Basics What's the difference between managed funds and ETFs? Learn more 5 min readTax and ETFs ETFs The Basics 5 ways ETFs can help you achieve better tax outcomes Learn more 4 min

can help you achieve better tax outcomes Learn more 4 min readDividends and distributions ETFs The Basics Find out the difference between the two and how they work when it comes to ETFs. Learn more Our latest articles delivered to your inbox Join more than 50,000 fellow investors to learn about

our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing markets and economy a better way to time the markets.   A better way to time the markets | Vanguard Australia

A better way to time the markets | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard Global

investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments7 min readA better way to time the marketsBy Tony Kaye, Senior

min readA better way to time the marketsBy Tony Kaye, Senior Personal Finance Writer, Vanguard Australia Markets & economy There's another form of investment timing that has nothing to do with trying to time market movements. On the contrary, it's all to do with choosing your own timing to make

it's all to do with choosing your own timing to make regular investments. It's often said that timing is everything. But how good is your share market investment timing? It's an interesting question, and perhaps the Australian Securities Exchange trading data from October is a good indicator of

Exchange trading data from October is a good indicator of just how difficult timing markets can actually be. October wasn't a particularly extraordinary trading month by any means. Over the 21 trading days in October there were 12 sessions when the Australian share market finished higher than

when the Australian share market finished higher than the previous day, and nine when it finished lower. Could you have accurately predicted which direction the market would have taken on any day? If you'd invested into the broad Australian share market at the start of trading on Friday 1 October,

share market at the start of trading on Friday 1 October, by the end of that day the value of your initial investment would have fallen by 1.7 per cent. The share market regained 1.29 per cent on Monday 4 October, but over the next two trading days it fell close to 1 per cent. It then rose for two

trading days it fell close to 1 per cent. It then rose for two consecutive days before falling again, this time for three days in a row. So, what does the day-to-day trading data from early October actually show? For one thing, it demonstrates that markets consistently rise and fall. But, more

that markets consistently rise and fall. But, more importantly, it shows that trying to predict the best time to buy into markets is no easy feat. In fact, it's virtually impossible. Investment timing, the easy way There's another form of investment timing though, and it has nothing to do with

of investment timing though, and it has nothing to do with trying to time market movements. On the contrary, it's all to do with choosing your own timing to make regular investments. The advantage is that you don't have to think about your investment timing, because it's done automatically.

your investment timing, because it's done automatically. Vanguard has just launched Auto Invest, an automated regular investment feature for managed funds on its Personal Investor platform, to offer a simple automated process for investors seeking to invest regularly. Here's how it works.

seeking to invest regularly. Here's how it works. You choose a regular amount of money (from $200) that you want to invest into one or a range of Vanguard managed funds, and then decide how often you want to invest. You can choose to invest every fortnight, in line with your pay cycle, or every month or

fortnight, in line with your pay cycle, or every month or quarter. Investing the same amount of money at set intervals is known as dollar-cost averaging. That means you're averaging out the cost of your investments through incremental investing – regardless of whether market prices are up or down

– regardless of whether market prices are up or down on any given day. The easiest way to illustrate a dollar-cost averaging strategy is to show how investment balances can build up over time, using a combination of regular contributions, the reinvestment of distributions and compounding

the reinvestment of distributions and compounding returns over time. The chart below is based on the actual Australian share market return and follows someone who started out investing $10,000 in 1980 and who continued making set monthly contributions. Over the last 40 years, the Australian

contributions. Over the last 40 years, the Australian share market has produced an average annual return of 10.6 per cent. Keep in mind that over this long period of time markets moved up and down on a daily basis. But, by just sticking to a regular contributions strategy using dollar-cost

to a regular contributions strategy using dollar-cost averaging, you can easily see what the outcomes would have been. The power of regular contributions Illustrating the growth of investments with regular contributions over 40 years. Notes: Calculations are based on the S&P All Ordinaries

Notes: Calculations are based on the S&P All Ordinaries Index for the period 1/1/1980 to 30/6/2021. Calculations based on monthly data. Logarithmic scales are used for this illustration. All distributions are reinvested. Source: Morningstar Data and Vanguard. Vanguard Investments

Data and Vanguard. Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) is the product issuer. We have not taken your circumstances into account when preparing the information so it may not be applicable to your circumstances. You should consider your circumstances and

You should consider your circumstances and our Product Disclosure Statements ("PDSs") before making any investment decision. You can access our PDSs at vanguard.com.au or by calling 1300 655 101. Past performance is not an indication of future performance. This publication was prepared in

of future performance. This publication was prepared in good faith and we accept no liability for any errors or omissions. If you'd stuck to a strategy of investing $250 a month into Australian shares and reinvesting your income distributions, irrespective of market movements, your initial

irrespective of market movements, your initial $10,000 would have grown to $2.7 million. Had you invested $500 a month, your balance would be $4.5 million. Those returns are despite the impacts of the October 1987 Crash, the 2000 dot-com Crash, the 2008 Global Financial Crisis, and the recent

Crash, the 2008 Global Financial Crisis, and the recent COVID Crash in early 2020. Staying the course Successful investing revolves around having a well-planned and diversified strategy that's aligned to your specific goals, and the discipline and resolve to stay the course, even during the

discipline and resolve to stay the course, even during the most volatile investment times. Long-term returns data proves that time in the market will deliver consistent growth over longer periods despite short-term volatility. In fact, what happens on markets from day-to-day, or even month to

what happens on markets from day-to-day, or even month to month, is largely inconsequential when you look at the longer-term returns picture. Making additional contributions and harnessing the power of compounding can make an enormous difference over time. And, make no mistake, the earlier

difference over time. And, make no mistake, the earlier you start investing the more money you're likely to have to enjoy the things you want to do when you do eventually stop work. You may also be interested in5 min readA managed fund or ETF? ETFs The Basics What's the difference between managed

ETF? ETFs The Basics What's the difference between managed funds and ETFs? Learn more 5 min readTax and ETFs ETFs The Basics 5 ways ETFs can help you achieve better tax outcomes Learn more 4 min readDividends and distributions ETFs The Basics Find out the difference between the two and how they work

Find out the difference between the two and how they work when it comes to ETFs. Learn more Our latest articles delivered to your inbox Join more than 50,000 fellow investors to learn about investment and personal finance in our free weekly Smart Investing™ newsletter.     Subscribe Now Join 30

Smart Investing™ newsletter.     Subscribe Now Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard

Elders past, present and emerging. d.com.au personal learn smart investing markets and economy beating back inflation but at what cost.   Beating back inflation, but at what cost? | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main

an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments4 min readBeating back inflation, but at what cost?By Vanguard Australia Markets & economy In this short video, Joe Davis,

Australia Markets & economy In this short video, Joe Davis, Vanguard’s global chief economist, gives a high-level overview of where the economy and markets are likely headed in 2023. Inflation is abating, thanks in part to central banks’ aggressive actions, but it may come at a cost, with

banks’ aggressive actions, but it may come at a cost, with recession likely in most developed markets. But it may not be all bad news for the financial markets. Find the details of our forecasts in the Vanguard Economic and Market Outlook for 2023: Beating Back Inflation. Vanguard economic and

for 2023: Beating Back Inflation. Vanguard economic and market outlook for 2023 Beating back inflation In this short video, Vanguard’s global chief economist, Joe Davis, discusses what’s ahead for the economy in 2023. Transcript:   Vanguard economic and market outlook for 2023: Beating back

economic and market outlook for 2023: Beating back inflation Our outlook's theme for 2023 is "Beating Back Inflation." Ultimately, for 2023, we see inflation coming clearly down; but disinflation will come at a cost. It will come at a cost of recession across several major markets. Some of this

of recession across several major markets. Some of this scenario was priced by the financial markets. Nevertheless, we may see some volatility in the months ahead. Now we've all been contending with almost generational high inflation, which, of course, has been a reflection of both tight

which, of course, has been a reflection of both tight supply—commodity markets and otherwise—as well as very strong labour demand. Now, we see inflation peaking as we speak, which is a clear positive for consumers and households. But as I mentioned, this further disinflation will come at a cost of

mentioned, this further disinflation will come at a cost of some demand destruction. For no other reason, central banks have to continue to weaken some of the labour demand which is leading to higher wage growth and is one of the reasons why now we're starting to see a broadening in inflation

why now we're starting to see a broadening in inflation pressures. When would a recession occur? As we all know, no recession is pleasant, and our recession baseline is not guaranteed. And they are certainly tough to forecast in advance, but that is our forecast, for no other reason than a soft

but that is our forecast, for no other reason than a soft landing, in our judgment, is unlikely since a further slowdown in the labour market is needed and wage growth, quite frankly, has to come down if we are going to achieve price stability in the long run. When would this recession potentially

in the long run. When would this recession potentially occur? By our best estimate, it's roughly in the middle of 2023. Now that timing will vary by market and economy. The biggest reason why we have that as the start in the United States is by that time the federal funds rate, the rate that the Federal

that time the federal funds rate, the rate that the Federal Reserve targets, will at that point start to become above the rate of core inflation. And it's those conditions that really define restrictive territory of monetary policy, and in every recession since World War II, that Fed funds rate has

every recession since World War II, that Fed funds rate has exceeded the rate of inflation. That's good to bring inflation down, but it tends to come at a cost of a weaker labour market. Our outlook for fixed income In the bond market, bond yields could rise somewhat further. But given our outlook for

could rise somewhat further. But given our outlook for central banks and how high they may take interest rates, the inversion of yield curves around the world, it's more likely than not that we will see a peaking in government bond interest rates over the course of 2023. More positively, we will also

rates over the course of 2023. More positively, we will also see potentially a greater diversification benefit between stocks and bonds that certainly tends not to be the case when inflation is rising, but it certainly tends to be the case when inflation is falling. Our outlook for equities We know

when inflation is falling. Our outlook for equities We know in the United States, some of that froth that we were concerned about, that has been eliminated or is being eliminated. Areas such as technology and overvalued growth stocks, we've seen a significant underperformance from them over the

seen a significant underperformance from them over the course of 2022. Now currently the U.S. equity market, it’s near fair value range. It means that losses could continue. But the further any losses in the near term, more likely our long-term return projections would improve. A reason for

long-term return projections would improve. A reason for optimism History clearly shows one thing, and that is that financial markets turn up before the economy does. And I like to say that with a bit of good fortune, by this time next year, the economic outlook should be a better one. And if I'm

year, the economic outlook should be a better one. And if I'm right, the financial markets will lead the way. You may also be interested in3 min readInvestors and recessions Markets and economy Despite much talk of rising interest rates and possible recession, here are a few... Learn more 7 min

and possible recession, here are a few... Learn more 7 min readA review of the last two decades in investing Markets and economy Robin Bowerman, Head of Corporate Affairs and Editor of Smart Investing, is... Learn more 6 min readHas inflation broken the relationship between stocks and bonds?

broken the relationship between stocks and bonds? Markets and economy Before giving up on the bond portion of your portfolio, here are a few points for... Learn more Our latest articles delivered to your inbox Join more than 50,000 fellow investors to learn about investment and personal finance

investors to learn about investment and personal finance in our free weekly Smart Investing™ newsletter.    Subscribe now Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing markets and economy has inflation broken the relationship between stocks and bonds.   Has inflation broken the

between stocks and bonds.   Has inflation broken the relationship between stocks and bonds? | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers

account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments6 min readHas inflation broken the relationship between stocks and bonds?By Duncan Burns, Head of Investments, Asia-Pacific Markets and economy Here's why equity/bond correlations should soon return to normal,

equity/bond correlations should soon return to normal, and why the 60/40 portfolio is far from dead. While volatility in the financial markets is nothing new, given that ‘all investing comes with risk’, the stormy weather of 2022 has been enough to unmoor even the most seasoned of investors. Even

enough to unmoor even the most seasoned of investors. Even investing truisms like ‘time in the market, not timing the market’ that typically help investors stay the course are on shaky ground. One investing truism that has lost the support of many an industry commentator is ‘bonds provide ballast

of many an industry commentator is ‘bonds provide ballast in a multi-asset portfolio’. While the relationship between bonds and equities has traditionally been inverse – when one falls, the other tends to rise – for much of 2022, the impact of rising interest rates and inflation has created a

impact of rising interest rates and inflation has created a painful anomaly where both are performing badly, at the same time. Is it then time to dismiss bonds as effective equity market shock absorbers, and declare the 60/40 portfolio dead? Before giving up on the bond portion of your portfolio,

Before giving up on the bond portion of your portfolio, here are a few points for consideration. It may come as a surprise to many investors, but this is not the first time where equities and bonds are positively correlated. Rather, the history books tell us that such fluctuations in this stock-bond

books tell us that such fluctuations in this stock-bond relationship are not uncommon, especially when looking at the data over short time periods. In fact, the data shows that since 1995, investors have not experienced more than a cumulative 3-year period of losses in both equities and bonds.

3-year period of losses in both equities and bonds. Overall, concurrent negative returns in both global shares and bonds have only occurred less than 13% of the time, or on average, a month of joint negative returns every seven months or so. Importantly, the history books also indicate that these

Importantly, the history books also indicate that these periods of positive correlation are generally short lived, and the diversification benefits that bonds bring to a portfolio persist over the longer term. In fact, Vanguard research suggests that for investors with a longer time horizon

suggests that for investors with a longer time horizon of 10 plus years, the transient correlations of equities and bonds have very little impact on expectations for and uncertainty in long-term multi-asset portfolio outcomes. As numerous academic studies have shown, it’s the Strategic Asset

academic studies have shown, it’s the Strategic Asset Allocation decision that drives the vast majority of portfolio returns over the long term rather than market timing or security selection. So contrary to the naysayers, the data over the long-term suggests that diversification properties

the long-term suggests that diversification properties of a portfolio including allocations to equities and bonds are likely to remain intact. Case in point, Vanguard projects the long-term average annual return of a 60/40 equities/bonds portfolio to be around 5.5% over the next three

portfolio to be around 5.5% over the next three decades. But the inherent volatility of financial markets means returns will be uneven, comprising periods of returns that are higher or lower- potentially even negative, as we’ve experienced throughout this year. Dismissing the value of a bonds

throughout this year. Dismissing the value of a bonds in a balanced and diversified portfolio based on an event that has historically occurred 13% of the time is akin to giving up on a marathon despite the countless of hours training for it, because both your lungs and legs were simultaneously

it, because both your lungs and legs were simultaneously giving you a hard time during 13% of the race. Stretches like the beginning of 2022 – and some bear markets that have lasted much longer – inevitably test investors’ patience and mettle. But just like running a successful marathon,

and mettle. But just like running a successful marathon, successful investing over the long term demands perspective and discipline. And disciplined long distance runners and investors both know that those moments of extreme pain eventually subside and sticking to your race plan is usually

subside and sticking to your race plan is usually the key to making it to the finish line. The fundamental relationship between equities and bonds is not broken. This isn’t the first time that a diversified portfolio and markets in general have faced turbulent waters – and it certainly won’t be the

have faced turbulent waters – and it certainly won’t be the last. Equity/bond correlations should be returning to normal shortly and the 60/40 portfolio and all its variations are far from dead. Far from abandoning a well-diversified strategic asset allocation within a portfolio, investors

strategic asset allocation within a portfolio, investors should maintain a focus on the plan and objectives they have set. If you are a long-term investor thinking about what opportunities the market is serving up today, remember that at the end of 2021 markets looked expensive and after the

at the end of 2021 markets looked expensive and after the rollercoaster of 2022, pricing across the board is more attractive. Your impulse should be to add exposures back to the portfolio, including bonds, trusting that bonds will be back to their balanced portfolio stabilising ways soon. And

to their balanced portfolio stabilising ways soon. And based on history, a well-diversified portfolio is ready to prove the naysayers wrong again and talk of their demise is ultimately a distraction from the business of investing successfully over the long term. An iteration of this article was

over the long term. An iteration of this article was first published in The AFR on 23 November 2022. You may also be interested in7 min read5 things you should know about fees The Basics Vanguard's founder Jack Bogle once said: 'common sense tells us that performance comes and goes, but costs go on

tells us that performance comes and goes, but costs go on forever.' Here are five things you should know about fees before you invest in ETFs. Learn more 5 min readHow to rebalance your investment portfolio ETFs The Basics How can investors rebalance their portfolio and how often should they do it?

rebalance their portfolio and how often should they do it? Read more to find out.. Learn more 6 min readHow often should you check investment returns? Investment Strategy It's natural to want to monitor your portfolio value, but how often is too often? Learn more Our latest articles delivered to

is too often? Learn more Our latest articles delivered to your inbox Join more than 50,000 fellow investors to learn about investment and personal finance in our free weekly Smart Investing™ newsletter.     Subscribe Now Join 30 million others worldwide investing in their futureOpening a

others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our

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Smart Investing Support Contact us FAQs Security & fraud Accessibility Forms and notices PDS and offer documents Tools and calculators Make a complaint GENERAL ADVICE WARNING Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) is the product issuer and operator of

Licence 227263) (VIA) is the product issuer and operator of Vanguard Personal Investor. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee and product issuer of Vanguard Super (ABN 27 923 449 966). The Trustee has contracted with VIA to provide some

966). The Trustee has contracted with VIA to provide some services for Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc (collectively, “Vanguard”).We have not taken your or your clients' objectives,

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing markets and economy

personal learn smart investing markets and economy investment lessons from 2022.   2022 by the numbers | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial

account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments7 min read2022 by the numbersBy Tony Kaye, Senior Personal Finance Writer Markets and economy How have share markets around the world performed this year? And what investment lessons can we learn from 2022? Read on to

what investment lessons can we learn from 2022? Read on to find out. Volatility has been constant on global investment markets throughout this year. It has largely been driven by fears over surging inflation, rising interest rates, energy price shocks, the likely prospect of recessions, and

price shocks, the likely prospect of recessions, and geopolitical events such as the Russia-Ukraine war. And all of those factors, among others, have combined to fuel investor nervousness, sparking market sell-offs that have caused widespread falls in many asset prices. But not every

caused widespread falls in many asset prices. But not every investment market in the world has suffered. Some have actually gained ground. Furthermore, different asset classes, and sectors within asset classes, have outperformed others. Which is a timely reminder, as we near the end of 2022,

Which is a timely reminder, as we near the end of 2022, that diversification across different markets and across different types of assets can help to reduce volatility and deliver smoother returns over time. It’s a point that we emphasise every year with the release of a chart showing the

emphasise every year with the release of a chart showing the importance of diversification, which accompanies the widely used annual Vanguard Index Chart. What’s clear from the diversification chart is that the best and worst-performing asset classes varies from one year to the next. Not only

asset classes varies from one year to the next. Not only that, sometimes the best-performing asset class in one year can be the worst-performing the next. How have share markets performed? There have been wide variations in the performance of different stock markets this year, for a whole range of

of different stock markets this year, for a whole range of reasons. The Australian share market, measured by the All Ordinaries Index, has fallen around 6.5 per cent year-to-date. However, while our share market has slipped this year, largely as a result of the same economic factors gripping

largely as a result of the same economic factors gripping other developed countries, still-strong prices for our major commodity exports have provided some relief. In addition, investors in our market have continued to benefit from the strong dividend payouts from ASX-listed companies,

the strong dividend payouts from ASX-listed companies, which in the 2021-22 financial year totalled more than $42 billion. Another tailwind has been the 8 per cent fall in the value of the Australian dollar against the US dollar, which has helped many commodities exporters because their exports

helped many commodities exporters because their exports are priced in US dollars. By comparison with Australia’s 6.5 per cent market drop , the United States share market, using the S&P 500 Index as the benchmark, has fallen more than 17 per cent this year. It has been heavily impacted by economic

per cent this year. It has been heavily impacted by economic sentiment, particularly over interest rate hikes, but also by the revaluation of mainly its largest technology companies, which have been trading on high price-to-earnings ratios. So, which share markets have been the best

ratios. So, which share markets have been the best performers in 2022? Continued strong economic growth in India (6.8 per cent in 2022) – and a return of foreign investors – have been the key drivers behind that country’s share market recording a gain of around 6 per cent. The Indian market, measured

a gain of around 6 per cent. The Indian market, measured by the BSE Sensex Index, has outpaced Brazil’s, which measured by the Bovespa Index has gained just over 3 per cent. Brazil, like Australia, is a major commodities exporter. Coming in behind India this year has been the United Kingdom, which

in behind India this year has been the United Kingdom, which despite economic and political upheaval has largely held its ground by recording a slight loss of 1.0 per cent year-to-date. A number of the companies in the UK’s FTSE 100 Index have recorded broad gains, with the energy and tobacco

have recorded broad gains, with the energy and tobacco sectors being notable strong performers. From there on, the world’s other major share markets have all recorded higher negative returns. Standouts are China (which has fallen around 12 per cent due to COVID-related restrictions, U.S.

around 12 per cent due to COVID-related restrictions, U.S. trade and political tensions, and the global economic slowdown), and Switzerland, which is down almost 15 per cent (amid concerns over interest rate rises and higher bond yields). The U.S. market, as indicated, has performed poorly on a

The U.S. market, as indicated, has performed poorly on a broad level. Measured by the Dow Jones Industrial Average (the Dow Jones), which only tracks 30 selected U.S.-listed companies, it has fallen by 7.7 per cent. Major stock indexes: Past year performance* Country Market Index Year-to-date

Past year performance* Country Market Index Year-to-date Performance % India BSE Sensex 5.7 Brazil Bovespa 3.2 United Kingdom FTSE 100 -1.0 Japan Nikkei 225 -4.8 Australia All Ordinaries -6.5 France CAC 40 -7.9 Germany DAX -11.0 China Shanghai Composite -12.0 Switzerland Swiss Market -14.9

Shanghai Composite -12.0 Switzerland Swiss Market -14.9 United States S&P 500 -17.4 Data as at 9 December 2022. Source: Markets data. Past performance information is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. How have

and is not, an indication of future performance. How have bond markets performed? Central banks have been forced to leap into action this year, raising official interest rates aggressively to tackle the highest levels of inflation in decades. The Reserve Bank if Australia is among them, having

The Reserve Bank if Australia is among them, having raised rates eight times since May from a record low of 0.1 per cent to 3.1 per cent. These rate hikes have seen the yields on new bond issues rise in tandem. At the same time, the trading prices of older bond issues have fallen because investors have

of older bond issues have fallen because investors have been switching into new issues to capture more attractive yield returns. Higher yields overall have resulted in many investors switching into fixed income securities to de-risk their portfolios from the more volatile conditions

their portfolios from the more volatile conditions currently prevailing on share markets. But one of the biggest dynamics playing out in the U.S. bond market right now is the inversion in the yield curve, where the yields (interest rates) on one and two-year fixed income securities are higher

on one and two-year fixed income securities are higher than those being paid on 10-year bonds. As at 9 December, the yield on a 10-year Treasury bond was 3.47 per cent versus 4.62 per cent for one-year and 4.31 per cent for two-year fixed income securities (Treasury notes). The yield on Australian

securities (Treasury notes). The yield on Australian government 10-year bonds on 9 December was 3.33 per cent. An inverted yield curve can often be an indicator of a looming recession, because banks and other financial institutions are generally less willing to lend out money over longer

are generally less willing to lend out money over longer periods at lower rates if they can achieve higher returns from short-term investments. This can result in a reduction in overall economic investment, because many large-scale projects need access to longer-term funding to complete them.

need access to longer-term funding to complete them. That, in turn, can reduce economic growth. Economic and market outlook Vanguard has just released its economic and market outlook global summary for 2023. Our view is that investors considering portfolio changes in the face of a possible

considering portfolio changes in the face of a possible recession in Australia, and indeed other regions around the globe, should maintain a focus on the plan and objectives they have set. Based on history, investors with a well-diversified portfolio and the mettle to stick to the plan and goals

portfolio and the mettle to stick to the plan and goals set in less turbulent times are often rewarded when the volatility ebbs. You may also be interested in7 min read5 things you should know about fees The Basics Vanguard's founder Jack Bogle once said: 'common sense tells us that performance

Bogle once said: 'common sense tells us that performance comes and goes, but costs go on forever.' Here are five things you should know about fees before you invest in ETFs. Learn more 5 min readHow to rebalance your investment portfolio ETFs The Basics How can investors rebalance their portfolio

The Basics How can investors rebalance their portfolio and how often should they do it? Read more to find out.. Learn more 6 min readHow often should you check investment returns? Investment Strategy It's natural to want to monitor your portfolio value, but how often is too often? Learn more Our

portfolio value, but how often is too often? Learn more Our latest articles delivered to your inbox Join more than 50,000 fellow investors to learn about investment and personal finance in our free weekly Smart Investing™ newsletter.     Subscribe Now Join 30 million others worldwide investing

Subscribe Now Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different

personal learn smart investing markets and economy investors and recessions.   Investors and recessions | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial

account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments3 min readInvestors and recessionsBy Alexis Gray, Senior Economist, Vanguard Asia-Pacific Markets and economy Despite much talk of rising interest rates and possible recession, here are a few reasons to stay the

and possible recession, here are a few reasons to stay the course and stick to your long-term investment strategy. There has been much discussion of rising interest rates, recent inflation spikes and ongoing market volatility impacting investment and super balances. Add to that the increased

investment and super balances. Add to that the increased chatter about the possibility of Australia falling into a recession and things certainly aren’t looking too hopeful for investors at present. But before you start panicking and thinking about whether you should adjust your portfolio to

thinking about whether you should adjust your portfolio to weather a possible recession, here are a few reasons to stay the course and stick to your long-term investment strategy. Firstly, a recession is often defined as two consecutive quarters of GDP contraction, and while there is indeed a

quarters of GDP contraction, and while there is indeed a more meaningful risk of recession emerging, particularly in Europe, Vanguard modelling has estimated the chances of this happening at around 35% over the next 12 months in Australia, and 45% over the next 24 months, which is to say, it is not

and 45% over the next 24 months, which is to say, it is not our base case scenario. The Australian economy continues to grow, supported by low unemployment and robust household spending. Australia is also benefiting from high global energy prices, given our status as a net exporter of

global energy prices, given our status as a net exporter of energy-related commodities such as coal. As interest rates rise at home and abroad, we expect economic growth to soften, however, it should not be sufficient to trigger a recession. Secondly, thanks to the contraction in both fixed

Secondly, thanks to the contraction in both fixed income and equity markets earlier this year, equities previously perceived to be overvalued are now at a fairer price. In addition, current market valuations and higher interest rates mean our analysis is forecasting slightly higher returns in

our analysis is forecasting slightly higher returns in financial markets over the long-term, in comparison to previous projections. Our 10-year annualised return forecasts for global equity markets are largely 1.5 percentage points higher than at the end of 2021, while our fixed income

points higher than at the end of 2021, while our fixed income return forecasts in many regions are 1.5 percentage points higher. This spells good news for both equity and fixed income investors who have the discipline to stay invested and focussed on long-term objectives. Also, while the

and focussed on long-term objectives. Also, while the turbulence in the share markets has somewhat petered out, investors should recognise that the volatility experienced this year is far from unusual. Rather, it is a factor that tends to spike when equity markets undergo a severe contraction.

to spike when equity markets undergo a severe contraction. That said, the inevitable troughs that investors will experience over time often give way to higher peaks. Thirdly, while there is no guarantee Australia will avoid a recession, investors could perhaps look to the past to help calm their

investors could perhaps look to the past to help calm their nerves. Vanguard analysis using US stock market data over the last 48 years found that share markets tend to recover soon after recessions started. The earliest recovery began a mere two months after the COVID-induced economic downturn

mere two months after the COVID-induced economic downturn in 2020, while the recovery after the 2007-2009 Global Financial Crisis commenced 16 months into that recession. If you’re still dreading the thought of suffering further losses in anticipation of a possible recession and resolute

in anticipation of a possible recession and resolute about moving your investments to cash, consider this final point – Vanguard analysis has found that selling down during past recessions has proved to be a costly mistake for many investors. Those investors locked in their losses permanently

Those investors locked in their losses permanently because they were out of the market at the wrong time and thus weren’t able to benefit when it rose again. All this to say, regardless of whether Australia – or any other country or region – goes into a recession, investors should tune out the noise

– goes into a recession, investors should tune out the noise and not use today’s headlines to make short-term decisions for an investment portfolio with a long-term time horizon. Afterall, there’s been little evidence that timing the market delivers rewards. If anything, it has been quite the

market delivers rewards. If anything, it has been quite the opposite. You may also be interested in7 min read5 things you should know about fees The Basics Vanguard's founder Jack Bogle once said: 'common sense tells us that performance comes and goes, but costs go on forever.' Here are five things

and goes, but costs go on forever.' Here are five things you should know about fees before you invest in ETFs. Learn more 5 min readHow to rebalance your investment portfolio ETFs The Basics How can investors rebalance their portfolio and how often should they do it? Read more to find out.. Learn more

often should they do it? Read more to find out.. Learn more 6 min readHow often should you check investment returns? Investment Strategy It's natural to want to monitor your portfolio value, but how often is too often? Learn more Our latest articles delivered to your inbox Join more than 50,000

Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing markets and economy reflecting

learn smart investing markets and economy reflecting on 20 years of investing.   A review of the last two decades in investing | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia

Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments7 min readA review of the last two decades in investing By Robin Bowerman, Head of Corporate Affairs, Vanguard Australia Markets and Economy Robin Bowerman, Head of Corporate Affairs and Editor

Robin Bowerman, Head of Corporate Affairs and Editor of Smart Investing, is retiring after almost 20 years with Vanguard. Here he reflects on the investment landscape over the last two decades. Significant life events are often a useful catalyst for a deeper review of financial plans and

a useful catalyst for a deeper review of financial plans and investment portfolios. So as your correspondent prepares to sign off and embrace life after a full-time career it seems like a good time to review the journey over the past two decades since Smart Investing began making its way into

two decades since Smart Investing began making its way into Vanguard investors’ inboxes. December 2003 was when I climbed aboard the good ship Vanguard. John Howard was in the lodge and the Reserve Bank had just raised interest rates 0.25% - that has a familiar ring- with the cash rate then 5.25%.

- that has a familiar ring- with the cash rate then 5.25%. Investing, as is life itself, is as much about the journey as the destination – and it has been quite the journey since 2003. While past performance is no guarantee of what the future will be like, it does present a good chance to test Vanguard’s

be like, it does present a good chance to test Vanguard’s investing principles against the real-world experience of the past two decades. So how did the principles of … Set clear, appropriate investment goals Develop a suitable asset allocation Keep costs low Maintain perspective and long-term

Keep costs low Maintain perspective and long-term discipline … stack up? It has certainly been an interesting ride with four share market drops of more than 10% and two where the fall went past 20%. But global financial crises, a global pandemic and geopolitical events like war in Ukraine affected

and geopolitical events like war in Ukraine affected a lot more than just our investment portfolios. Yet when looked at through the timeframe of two decades, the value of taking a long-term view is the lesson that really jumps out. Because as dramatic as the GFC and the COVID pandemic were, markets

as dramatic as the GFC and the COVID pandemic were, markets adapt and adjust. And as investors, we have to accept that somewhere in the future, other significant and largely unforeseen events await us. The good news when you look at investment returns since December 2003 to November 2022 is

investment returns since December 2003 to November 2022 is investors have been rewarded for the risk they have taken on. A growth portfolio (70% growth assets/30% defensive) saw $10,000 in December 2003 deliver a 7.4% return and grow to approximately $38,700. A conservative portfolio – which

approximately $38,700. A conservative portfolio – which enjoyed a much more stable return path with a 5.8% return was worth approximately $29,100 at the end of the same period while a high growth portfolio (90% growth assets/10% defensive) delivered return of 8.2% and was worth approximately

delivered return of 8.2% and was worth approximately $44,500*. One of the challenges of this type of analysis is that we naturally gravitate to the highest return at the end of the period. Hindsight is indeed a wonderful thing. But accepting that we cannot predict the future it brings us to the

that we cannot predict the future it brings us to the Vanguard principles of setting appropriate goals and developing a suitable asset allocation that lines up with our personal goals and risk appetite. Since December 2003 the highest performing asset class was US shares thanks to a return of 10%

asset class was US shares thanks to a return of 10% which would have turned an initial $10,000 investment into approximately $60,800. Australian shares, by comparison, delivered 9.0% and a value of approximately $51,200 for the same time period*. But when you chart the return journey – and you can

period*. But when you chart the return journey – and you can do this yourself using the Vanguard interactive index chart tool – you can see the investor who had 100% of their portfolio in US or Australian shares had a dramatically more volatile journey than those who opted for a diversified

volatile journey than those who opted for a diversified portfolio. If they could handle the volatility then they enjoyed the rewards but surely one of the lessons from the past two decades is that we all need to factor in risk as well as return. It is one of the things that makes our superannuation

It is one of the things that makes our superannuation system so good for working Australians. The typical default super fund portfolio has a diversified mix of assets – although some have higher risk levels than others so invest the time to understand your fund’s portfolio – and particularly as you

understand your fund’s portfolio – and particularly as you approach retirement you may want to dial the risk exposure down. A feature that the new Vanguard Super fund has built in automatically. Age is an important factor. For folks in their twenties or thirties a high exposure to growth assets

their twenties or thirties a high exposure to growth assets makes sense. Much less so for a 65-year-old about to transition to life after full-time work. If there is one learning that is an absolute constant from the past 20 years, it is the need for investors to keep costs as low as possible. As

is the need for investors to keep costs as low as possible. As Vanguard’s founder Jack Bogle was fond of saying: in investing you get what you don’t pay for. Finally, the principle of maintain perspective and long-term discipline can at times feel a little trite. But when you look back at events like

feel a little trite. But when you look back at events like the GFC or the outbreak of COVID you realise it takes real discipline to maintain the perspective and stay the long-term course. Which is where the value of having a written financial plan shines through because it will remind you of why you

plan shines through because it will remind you of why you were investing in the first place, the goals that are important to you and which investing success will enable you to realise. After almost two decades Robin Bowerman is handing over the editorial reins of Smart Investing as he is retiring

the editorial reins of Smart Investing as he is retiring from Vanguard. However, guest columns are on the agenda for 2023. Best wishes for the holiday season and Smart Investing will return in early 2023. *The figures are based on assumptions. The projection is not intended to constitute or be a

The projection is not intended to constitute or be a substitute for financial product advice given by a licensed financial adviser. They do not make any allowance for fees, costs or taxes. Past performance is not an indicator of future performance. You may also be interested in7 min read5 things

You may also be interested in7 min read5 things you should know about fees The Basics Vanguard's founder Jack Bogle once said: 'common sense tells us that performance comes and goes, but costs go on forever.' Here are five things you should know about fees before you invest in ETFs. Learn more 5 min

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing markets and economy what to expect in 2023.   What to expect in 2023 | Vanguard Australia Personal Investor  You need to enable

centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments5 min readWhat to expect in 2023By Tony Kaye, Senior Personal Finance Writer Markets

2023By Tony Kaye, Senior Personal Finance Writer Markets and economy Read Vanguard's economic outlook and investment returns forecasts for 2023. After a turbulent year on global financial markets last year, what can you expect in 2023? Surging inflation, rising interest rates, energy price

Surging inflation, rising interest rates, energy price shocks, recession fears and geopolitical events spurred volatility on markets last year. The same factors remain firmly in play so far in 2023, with governments and central banks around the world likely to keep raising official interest

around the world likely to keep raising official interest rates in order to reduce inflation levels. The key question is, how far will they go in balancing out rate rises to quell demand with the pressing need to reduce inflation? The current global conditions and those anticipated in the coming

global conditions and those anticipated in the coming months are similar to those that have signalled global recessions in the past. As noted in Vanguard’s economic and market outlook for 2023: Beating back inflation, our base case is for a global recession to occur in 2023. Australia We place the

a global recession to occur in 2023. Australia We place the chance of recession in Australia during 2023 at 40 per cent. Vanguard believes the Reserve Bank may be prepared to put a pause on further interest rate rises if it assesses that inflation is receding back to its target level. However, we

inflation is receding back to its target level. However, we believe the bank will keep its cash rate target higher for longer, reducing the probability of rate cuts in 2023. We maintain our forecast for full-year 2023 economic growth around 1.25 per cent as higher mortgage payments and lower home

1.25 per cent as higher mortgage payments and lower home prices dampen household consumption and as post-pandemic government spending normalises. While the reopening of China’s economy is likely to boost Australia’s exports, its current COVID outbreak could cause shipping delays to

its current COVID outbreak could cause shipping delays to Australia and hamper domestic growth. China The ending of most COVID-19 restrictions in China promises to accelerate economic growth there in 2023 and has led us to upgrade our forecast for full-year 2023 growth from 4.5 per cent to 5.3 per

for full-year 2023 growth from 4.5 per cent to 5.3 per cent. The key downside risks are the potential emergence of new COVID variants and recurring waves of infections that would restrain the recovery in consumption and cause a deeper-than-expected global downturn. A faster, stronger rebound in

global downturn. A faster, stronger rebound in China’s economy would be positive for global growth, lowering the likelihood of a global recession, and would have implications for global inflation. A normalising Chinese economy reduces the risk of a global supply chain disruption. This,

reduces the risk of a global supply chain disruption. This, alongside a fading demand for goods in developed countries, would drive global goods deflation. United States The challenge for United States policymakers is balancing out the risk of not raising interest rates far enough to tame

out the risk of not raising interest rates far enough to tame inflation with the risk of being overly aggressive, which could lead to an unnecessary reduction in economic activity. Vanguard expects the U.S. Federal Reserve Bank to push its interest rate target higher, to a terminal rate in a range

interest rate target higher, to a terminal rate in a range of 5 per cent to 5.25 per cent during 2023’s first quarter, and to keep it at that level the rest of the year. As the U.S. economy slows, we expect moderate labour-market cooling in the second quarter, with several months of job losses and a

the second quarter, with several months of job losses and a year-end unemployment rate in a range of 4.5 per cent to 5 per cent. We still assign a 90 per cent probability to a U.S. recession over the course of 2023 and view a path to a soft landing as exceptionally narrow. We expect only marginal growth,

as exceptionally narrow. We expect only marginal growth, around 0.25 per cent, for all of 2023. Return expectations Investment markets continue to take their lead from economic signals and data, particularly in relation to inflation. Higher interest rates have improved the returns outlook

Higher interest rates have improved the returns outlook for global bonds. Vanguard now expects global bonds to return 3.9 per cent–4.9 per cent per year over the next decade. Meanwhile, our forecasting for shares projects higher 10-year annualised returns for international share markets (5.6

annualised returns for international share markets (5.6 per cent-7.6 per cent) than for the Australian share market (4.5 per cent-6.5 per cent). The first few weeks of 2023 have seen broad gains on both the Australian and United States share markets. But volatility remains, as evidenced by

share markets. But volatility remains, as evidenced by several daily market swings of more than 1 per cent. As always, it’s important to take a long-term approach to investing instead of focusing on short-term market events. Sticking to your goals, having good portfolio diversification,

to your goals, having good portfolio diversification, keeping your investing costs low, and maintaining discipline with a regular investing strategy, are the keys to achieving long-term investment success. You may also be interested in7 min read5 things you should know about fees The Basics

in7 min read5 things you should know about fees The Basics Vanguard's founder Jack Bogle once said: 'common sense tells us that performance comes and goes, but costs go on forever.' Here are five things you should know about fees before you invest in ETFs. Learn more 5 min readHow to rebalance your

invest in ETFs. Learn more 5 min readHow to rebalance your investment portfolio ETFs The Basics How can investors rebalance their portfolio and how often should they do it? Read more to find out.. Learn more 6 min readHow often should you check investment returns? Investment Strategy It's natural

investment returns? Investment Strategy It's natural to want to monitor your portfolio value, but how often is too often? Learn more Our latest articles delivered to your inbox Join more than 50,000 fellow investors to learn about investment and personal finance in our free weekly Smart

investment and personal finance in our free weekly Smart Investing™ newsletter.     Subscribe Now Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with

to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing portfolio building active index or both.   Active, index, or both? | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app

Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments5 min readActive, index, or both?By Aidan Geysen, Head of Investment Strategy, Vanguard Australia Build your investment

Strategy, Vanguard Australia Build your investment portfolio Instead of choosing between index and active investing, consider the core-satellite approach wherein the best aspects of both strategies are combined to construct a portfolio. If there's one investment lesson to be learned from

If there's one investment lesson to be learned from the pandemic, it's that short term market movements are truly unpredictable. This uncertainty is understandably not very comforting for many. Google trends reveal that the demand for market information tripled as COVID hit this time last

for market information tripled as COVID hit this time last year. The great investors of our time – Warren Buffet, Ray Dalio, Bill Ackman – all saw an increase in search engine interest as investors flocked to them for guidance. The search phrase 'what stocks should I buy?' reached peak popularity in

'what stocks should I buy?' reached peak popularity in March 2020, as did the phrase 'active vs index'. The latter in particular has in recent times been widely debated. On average, active management has unperformed over the last three decades when compared to its index counterpart. And while

decades when compared to its index counterpart. And while active managers can more easily adjust portfolios and minimise losses when markets tumble, it's not guaranteed that they'll always re-enter at the opportune time. This was evidenced by the fact that many active managers missed the

evidenced by the fact that many active managers missed the market rebound last year, for it happened almost as quickly as it fell. Yet despite such factors, over 70 per cent of assets in Australia are still actively managed, perhaps due to investor conviction that they'll fare better or a

due to investor conviction that they'll fare better or a preference for having a professional make the decisions (hence the aforementioned search interest). So why is there still a place for actively managed funds within a portfolio when their consistent outperformance is a perennial

when their consistent outperformance is a perennial challenge? How then should investors choose between active and index investing? Do investors need to choose between one strategy and the other? The answer to this is that there is benefit in both strategies if the conditions are right, and if

in both strategies if the conditions are right, and if used together in what Vanguard terms the core-satellite approach where index funds are complemented with actively managed funds, can be even more advantageous. Fundamentally, choosing index, active, or a combination of both investments

index, active, or a combination of both investments is not a security selection question, but an asset allocation one. It's about determining the appropriate balance according to individual goals, risk tolerances, time horizons and return requirements, and not about pitting index against

return requirements, and not about pitting index against active. It's also about whether or not the investor has the resources necessary to identify outperforming managers if they choose to use, be that through their own research or expertise, or when working with a trusted partner like a

or expertise, or when working with a trusted partner like a financial adviser. According to Vanguard research, investors should consider four variables when selecting an index, active or combination approach that take the arbitrary out of the decision-making process. They are: expected

out of the decision-making process. They are: expected active alpha, cost of active management, potential for underperformance and the individual's tolerance to that underperformance should it occur. Once investors determine their level of comfort with the characteristics of active

their level of comfort with the characteristics of active management, they can then decide on how much of their portfolio to allocate to actively managed funds, and how much to index funds. The core-satellite concept recognises the fundamental differences between the two and combines the best

differences between the two and combines the best aspects of both approaches to construct a portfolio. Index funds can be used to form the stable "core" of the portfolio because they are lower cost, diversified and provide more consistent performance. In this instance, active funds are then used

performance. In this instance, active funds are then used as "satellites" for an opportunity to outperform the market and achieve higher returns, or to adopt style-driven strategies. At the end of the day however, a thoughtfully considered asset allocation can only yield favourable results if

asset allocation can only yield favourable results if it is engrained in patience and discipline. Short-term market conditions may make headlines and dominate search engine data, but it's the long-term story that is most important. An iteration of this article was first published in the

An iteration of this article was first published in the Australian Financial Review on 12 April 2021.   You may also be interested in7 min read5 things you should know about fees The Basics Vanguard's founder Jack Bogle once said: 'common sense tells us that performance comes and goes, but costs go

sense tells us that performance comes and goes, but costs go on forever.' Here are five things you should know about fees before you invest in ETFs. Learn more 5 min readHow to rebalance your investment portfolio ETFs The Basics How can investors rebalance their portfolio and how often should they

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing portfolio building

personal learn smart investing portfolio building introduction to diversified funds.html.   Introduction to diversified funds | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia

Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments5 min readIntroduction to diversified fundsBy Vanguard Build your investment portfolio If deciding which asset classes to include in your portfolio seems overwhelming, consider investing in

your portfolio seems overwhelming, consider investing in a diversified fund or ETF. Introduction to diversified funds The asset allocation decision is often an important decision we all make as investors, but if deciding which asset classes to include in your portfolio seems daunting,

asset classes to include in your portfolio seems daunting, most fund managers offer diversified funds or multi-asset funds and ETFs. These funds are offered with a pre-set mix of investments, or asset allocations, that are aligned with a range of investor profiles and their appetite for risk.

a range of investor profiles and their appetite for risk. The right mix of asset classes or investments for you will depend on your objectives, timeframe and tolerance for risk.   Vanguard Diversified Funds Let's look at Vanguard diversified funds as an example. There are four funds -

diversified funds as an example. There are four funds - conservative, balanced, growth and high growth. They aim to provide long-term investment returns that match your desired level of risk. The allocations to defensive assets (bonds) and growth (shares) are the main factors influencing the

and growth (shares) are the main factors influencing the risk/return profiles of the diversified fund portfolios Vanguard Diversified Funds: income/growth allocation     If the thought of your investments going up and down is going to keep you awake at night, you may feel more comfortable

to keep you awake at night, you may feel more comfortable choosing a more conservative or balanced investment approach. Although taking no risk can be one of the biggest risks of all, if you invest all your money in cash, inflation and costs can erode your investment returns and purchasing power

can erode your investment returns and purchasing power over time.   Benefits of Vanguard Diversified Funds   Portfolio diversification The fund holdings are broadly diversified within and across multiple asset classes, such as Australian and international shares and bonds. Including a

and international shares and bonds. Including a broad range of assets in your portfolio, helps smooth out performance fluctuations over time and is one of the best ways to reduce your exposure to market risk.   Low cost Vanguard diversified funds have low management fees. Lower fees mean you get

funds have low management fees. Lower fees mean you get to keep more of your returns, which can help you earn more over time.   Automatic rebalancing Rebalancing a portfolio simply means adjusting the investments to keep in line with the desired asset allocation. This process is professionally

desired asset allocation. This process is professionally managed by Vanguard for you when you invest in our funds. Rebalancing back to the target asset mix helps to effectively manage risk.   You may also be interested in5 min readA managed fund or ETF? ETFs The Basics What's the difference

managed fund or ETF? ETFs The Basics What's the difference between managed funds and ETFs? Learn more 5 min readTax and ETFs ETFs The Basics 5 ways ETFs can help you achieve better tax outcomes Learn more 4 min readDividends and distributions ETFs The Basics Find out the difference between the two

ETFs The Basics Find out the difference between the two and how they work when it comes to ETFs. Learn more Our latest articles delivered to your inbox Join more than 50,000 fellow investors to learn about investment and personal finance in our free weekly Smart Investing™ newsletter.     Subscribe

our free weekly Smart Investing™ newsletter.     Subscribe Now Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with

to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing portfolio building introduction to diversified funds.   Introduction to diversified funds | Vanguard Australia Personal Investor  You need to enable

centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments5 min readIntroduction to diversified fundsBy Vanguard Build your investment

to diversified fundsBy Vanguard Build your investment portfolio If deciding which asset classes to include in your portfolio seems overwhelming, consider investing in a diversified fund or ETF. Introduction to diversified funds The asset allocation decision is often an important

The asset allocation decision is often an important decision we all make as investors, but if deciding which asset classes to include in your portfolio seems daunting, most fund managers offer diversified funds or multi-asset funds and ETFs. These funds are offered with a pre-set mix of

and ETFs. These funds are offered with a pre-set mix of investments, or asset allocations, that are aligned with a range of investor profiles and their appetite for risk. The right mix of asset classes or investments for you will depend on your objectives, timeframe and tolerance for risk.

on your objectives, timeframe and tolerance for risk.   Vanguard Diversified Funds Let's look at Vanguard diversified funds as an example. There are four funds - conservative, balanced, growth and high growth. They aim to provide long-term investment returns that match your desired level of

investment returns that match your desired level of risk. The allocations to defensive assets (bonds) and growth (shares) are the main factors influencing the risk/return profiles of the diversified fund portfolios Vanguard Diversified Funds: income/growth allocation     If the thought of

Funds: income/growth allocation     If the thought of your investments going up and down is going to keep you awake at night, you may feel more comfortable choosing a more conservative or balanced investment approach. Although taking no risk can be one of the biggest risks of all, if you invest all

risk can be one of the biggest risks of all, if you invest all your money in cash, inflation and costs can erode your investment returns and purchasing power over time.   Benefits of Vanguard Diversified Funds   Portfolio diversification The fund holdings are broadly diversified within and across

fund holdings are broadly diversified within and across multiple asset classes, such as Australian and international shares and bonds. Including a broad range of assets in your portfolio, helps smooth out performance fluctuations over time and is one of the best ways to reduce your exposure to

time and is one of the best ways to reduce your exposure to market risk.   Low cost Vanguard diversified funds have low management fees. Lower fees mean you get to keep more of your returns, which can help you earn more over time.   Automatic rebalancing Rebalancing a portfolio simply means adjusting

Rebalancing a portfolio simply means adjusting the investments to keep in line with the desired asset allocation. This process is professionally managed by Vanguard for you when you invest in our funds. Rebalancing back to the target asset mix helps to effectively manage risk.   You may also be

asset mix helps to effectively manage risk.   You may also be interested in5 min readA managed fund or ETF? ETFs The Basics What's the difference between managed funds and ETFs? Learn more 5 min readTax and ETFs ETFs The Basics 5 ways ETFs can help you achieve better tax outcomes Learn more 4 min

our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing portfolio building right for you.   What's right for you - an ETF or a managed fund? | Vanguard Australia

right for you - an ETF or a managed fund? | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard

Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments7 min readWhat's right for you - an ETF or a managed

min readWhat's right for you - an ETF or a managed fund?By Robin Bowerman, Head of Corporate Affairs, Vanguard Australia Build your investment portfolio Once you have decided you are ready to invest, your next question might be whether to invest in an exchange-traded fund or an unlisted managed

to invest in an exchange-traded fund or an unlisted managed fund. Once you have decided you are ready to invest and have settled on the right asset allocation to suit your objectives, your next question might be whether to invest in an exchange-traded fund (ETF) or an unlisted managed fund. The two

fund (ETF) or an unlisted managed fund. The two products have a lot in common. If you were to imagine them as a Venn diagram, the ETF circle would share a large section with the managed fund circle. For example both index managed funds and ETFs share the common traits of diversification (providing

share the common traits of diversification (providing investors with access to a broad market or sector) and transparency of holdings (knowing what you are investing in), and liquidity with both vehicles sharing a common open-ended ownership structure. But there are some crucial differences

structure. But there are some crucial differences to consider before you select one over the other. Let's start with some definitions. A managed fund pools money from many investors to invest in securities such as shares, bonds or other assets. Managed funds are overseen by investment

or other assets. Managed funds are overseen by investment professionals. Profits, losses and costs are shared by all investors. Managed funds allow individuals to achieve diversification, usually at a lower cost, more efficiently than if they assembled their own portfolios of individual

than if they assembled their own portfolios of individual securities. The same is true for ETFs, but unlike a managed fund, an ETF trades on an exchange such as the ASX, just as a company's shares do. This can be seen as an advantage by investors who prefer to have some control over the price at which

who prefer to have some control over the price at which they buy or sell. ETF prices change by the minute, so investors get the price available at the time they place their orders unless they specify otherwise (using limit orders for example). In contrast, managed funds are priced once a day at the end

In contrast, managed funds are priced once a day at the end of the day, so if you buy or sell shares in a managed fund, you get the same price as everyone else who bought or sold the fund that day. To buy an ETF, you will need to open a brokerage account or have a financial planner access the ETF you want for

or have a financial planner access the ETF you want for you. Both of these methods will likely involve fees. Because you pay each time you trade an ETF, investors who make regular contributions to a fund may be better off in a managed fund than in an ETF. However many ETFs can be accessed at a lower price

in an ETF. However many ETFs can be accessed at a lower price per annum than managed funds. Managed funds typically require an investor to invest a minimum amount, which can be in the region of $2000 - $5000 for a retail fund. . For ETFs on the other hand, the minimum investment amount is $500, so you

other hand, the minimum investment amount is $500, so you generally don't need as much money to get started with an ETF. As Vanguard has pointed out in the past, this means you could create a simple, reasonably diversified portfolio for $1,000 by putting $500 in a share ETF and $500 in a bond ETF. Most

by putting $500 in a share ETF and $500 in a bond ETF. Most ETFs are index funds, which track a market index such as the ASX 300. ETFs that are actively managed — that is, they have managers picking individual shares to try to outperform the market instead of tracking an index — are just starting to become

instead of tracking an index — are just starting to become available. As an investor, your most important decisions are identifying financial goals and then allocating assets in a low-cost, diversified portfolio aimed at reaching those goals. Once you make those choices, analyse how you

those goals. Once you make those choices, analyse how you typically invest. ETFs may make more sense for people who are willing to set up, or already have, a brokerage account and want to be able to trade at a specific price and who don't make regular contributions. Managed funds may be a better option

contributions. Managed funds may be a better option for those who don't want a brokerage account and prefer to make regular contributions to their investment fund through dollar-cost averaging or some other method. You may also be interested in7 min read5 things you should know about fees The

to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal learn smart investing retirement managed super funds vs SMSFs.   Managed super funds vs SMSFs | Vanguard Australia Personal Investor  You need to enable JavaScript to run this

Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments8 min readManaged super funds vs SMSFsBy Tony Kaye, Senior Personal Finance Writer Retirement There are a

Senior Personal Finance Writer Retirement There are a number of reasons why some Australians have both an APRA regulated superannuation fund as well as an SMSF, but first it’s important to understand the differences between the two. According to the Australian Prudential Regulation Authority

to the Australian Prudential Regulation Authority (APRA) and the Australian Tax Office (ATO), Australians have around $3.5 trillion in superannuation investments, spread across more than 23 million different super fund accounts. The total number of super accounts is quite telling, given

The total number of super accounts is quite telling, given that Australia’s population is currently just under 26 million. According to the ATO, over 12 million Australians have one super fund account only. But around 4 million people have two or more, which explains why there are almost as many

have two or more, which explains why there are almost as many super accounts in Australia as people. What’s also interesting is how Australians are choosing to have their super money managed. Of the total super pool, roughly $1.8 trillion is managed by industry, retail and corporate funds

is managed by industry, retail and corporate funds regulated by APRA. On top of that is a further $870 billion held in self-managed super funds (SMSFs) regulated by the ATO, which is being invested on behalf of around 1.1 million members. The last major super chunk is about $800 billion being held in

last major super chunk is about $800 billion being held in government-administered public sector super schemes. But beneath those numbers is another interesting super fact. While the majority of Australians have APRA-regulated super fund accounts only to receive and manage their super

super fund accounts only to receive and manage their super contributions, and a large number of people only have a SMSF account, many people have both. Why would they have both? There are a number of reasons, but first it’s important to understand the differences between APRA funds and SMSFs.

understand the differences between APRA funds and SMSFs. APRA-regulated super funds Most working Australians have their compulsory super payments made into professionally managed superannuation funds, which operate under the supervision of APRA. APRA funds provide their members with

supervision of APRA. APRA funds provide their members with access to a broad menu of managed financial products that can be chosen based on individual investment preferences. These are usually pre-packaged investment products with set asset allocations to shares, bonds, and other types of

set asset allocations to shares, bonds, and other types of assets. These products are often labelled as “conservative”, “balanced”, “growth”, and “high growth” investment options based around their relative exposures to growth (shares) and defensive (bonds/cash) assets. Another big

(shares) and defensive (bonds/cash) assets. Another big drawcard for APRA funds is the investment and technical expertise that they can provide to their members. For instance, to make the asset allocation process even easier for members, some professional funds now provide lifecycle

members, some professional funds now provide lifecycle products that are designed to automatically adjust a member’s investment mix according to their age. These products focus primarily on investing in growth assets when members are younger (and can tolerate more investment risk), and

are younger (and can tolerate more investment risk), and gradually introduce more defensive investments as members age to lower their investment risk. APRA funds often also enable members preferring to have more of hands-on approach to their super to choose their own sector exposures. For

to their super to choose their own sector exposures. For example, they can construct their own investment portfolio with selected weightings in Australian and international shares, Australian and international fixed interest (bonds), and cash. Beyond investing options, another key

(bonds), and cash. Beyond investing options, another key offering from APRA-regulated super funds is insurance – generally death, total & permanent disability (TPD), and income protection – to eligible members. Because of their bulk purchasing power with insurers, the insurance premiums

purchasing power with insurers, the insurance premiums provided are typically lower than going directly through an insurance provider. Also, the insurance premiums are deducted from the member’s super account, so there’s no direct out-of-pocket cost. It’s important to understand all the

out-of-pocket cost. It’s important to understand all the costs that you’re paying to your chosen APRA fund. Some charge much higher costs than others. The lower your overall costs, the more money you’ll have for your retirement over the long term. ATO-regulated SMSFs Some people simply want

the long term. ATO-regulated SMSFs Some people simply want greater control over where their superannuation money is being invested. That’s the key driver behind the establishment of around 600,000 SMSFs in Australia, with the majority having been set up for the single purpose of investing into

having been set up for the single purpose of investing into assets that APRA funds don’t offer to their members. Think of residential and commercial properties, private equity holdings, and more obscure investments such as collectable art, motor vehicles, and rare coins. SMSFs are a type of

art, motor vehicles, and rare coins. SMSFs are a type of trust structure, and their members are typically the trustees who choose where the fund will invest. To make an investment, an SMSF trustee simply has to withdraw cash from a linked bank account. ATO data shows the biggest investment holdings

account. ATO data shows the biggest investment holdings of SMSFs are Australian shares, direct property, managed investments, and cash. But if running your own fund sounds appealing, keep in mind that SMSFs are expensive to set up and operate and – although having more investment options than

operate and – although having more investment options than APRA funds – they must comply with very strict regulations. SMSFs can only have a maximum of six members and must meet what’s known as the sole purpose test to be eligible for the same low tax concessions available to APRA funds. The test

same low tax concessions available to APRA funds. The test means a fund (including an APRA fund) needs to be maintained for the sole purpose of providing retirement benefits to its members, or to their dependants if a member dies before retirement. Contravening the test can result in a fund losing

Contravening the test can result in a fund losing its concessional tax treatment, and in fund trustees facing civil and criminal penalties. Beyond regulatory constraints, SMSFs have some general disadvantages for their beneficiaries. For one thing, unless members are investment experts or

For one thing, unless members are investment experts or have invested wisely, SMSF vehicles are unlikely to outperform the investment returns delivered by the professional portfolio managers employed by APRA funds over the longer term. Costs are high. SMSFs need to pay annual accounting,

term. Costs are high. SMSFs need to pay annual accounting, auditing, administration and other ongoing fees associated with their investments. If insurance protection is added for members, it’s also likely that the premiums will be higher than those paid by APRA funds. It doesn’t have to be one or

than those paid by APRA funds. It doesn’t have to be one or the other In reality, for some of the reasons outlined above, a large number of SMSF members are also members of APRA super funds. In fact, many SMSF members choose to receive their compulsory 10.5 per cent employer contributions and to make

10.5 per cent employer contributions and to make additional salary sacrifice contributions into an APRA fund account instead of their SMSF account. It’s sort of an each-way super bet, with additional benefits. While they may have more investment alternatives using their SMSF, including

more investment alternatives using their SMSF, including direct property, they can benefit from having their regular contributions invested into more traditional super products. In doing so, they gain access to the professional skillsets of investment managers, low-cost products

skillsets of investment managers, low-cost products designed to maximise retirement returns, discounted insurance protection, and to additional professional services. They may have a specific investment need for having a SMSF but covering both bases via an APRA fund can be a good overall

but covering both bases via an APRA fund can be a good overall long-term super strategy. You may also be interested in5 min readA managed fund or ETF? ETFs The Basics What's the difference between managed funds and ETFs? Learn more 5 min readTax and ETFs ETFs The Basics 5 ways ETFs can help you achieve

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Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments6 min readEnduring lessons from Smart InvestorsBy Vanguard The basics Here are the most frequently asked questions from Smart Investing readers in 2022. Through 15 years of publishing Smart

readers in 2022. Through 15 years of publishing Smart Investing articles, a community of engaged smart investors has grown. A community that is keen to learn, who challenge ideas presented, and regularly pose questions that have prompted some of our most well-read articles. So here are the

some of our most well-read articles. So here are the lessons we’ve learned and shared based on your key questions over the years. Managed funds vs Exchange-traded Funds Over the years we’ve regularly addressed the ‘Managed fund vs ETF’ question, and it is a conversation that continues to play out

and it is a conversation that continues to play out through social media and online forums. A quick review of this debate online will reveal a range of passionate viewpoints, creative calculations, and diverse case studied. While social media might not always be known for well-reasoned or

social media might not always be known for well-reasoned or conclusive debates, this online flurry does highlight a crucial point. Individual circumstances, goals and preferences matter. When the time comes to weigh up a managed fund or ETF, considering your individual goals and preferences

or ETF, considering your individual goals and preferences may guide you to one structure over the other. Here are some similarities and differences worth knowing when deciding whether to use ETFs or managed funds in your portfolio. And no discussion of this topic would be complete without a

And no discussion of this topic would be complete without a reference to the time-tested Vanguard wisdom- “strategy before structure”. In most instances your decisions about asset allocation and investment strategy should come before any consideration about product structure. To SMSF or not

any consideration about product structure. To SMSF or not to SMSF, that is the question? Considering the establishment of a Self-Managed Super Fund may not be equal to the ‘life or death’ undertones of the Shakespearian reference, but it endures as a difficult decision for readers who have

but it endures as a difficult decision for readers who have regularly asked if they should SM their SF. Over many years Vanguard and specialist research house Investment Trends have explored the rationale for Australian’s setting up funds, monitored their decision making, and analysed their

monitored their decision making, and analysed their experiences as Trustees. We’ve consistently found that some people simply want greater control over where their superannuation money is being invested. That’s the key driver behind the establishment of around 600,000 SMSFs in Australia.

the establishment of around 600,000 SMSFs in Australia. While these insights have always been of interest, a question is regularly prompted by these articles- what is the appropriate age, super balance, market environment to establish an SMSF? The answer won’t come as a surprise to smart

an SMSF? The answer won’t come as a surprise to smart investors– it depends heavily on your personal circumstances and goals. There are also a number of reasons why some Australians have both an APRA regulated superannuation fund as well as an SMSF, but first it’s important to understand the

well as an SMSF, but first it’s important to understand the differences between the two. Is now the right time for active/index investments? At this very moment, somewhere in the world, someone is making an impassioned argument for active investment. Sharing their conviction that active

active investment. Sharing their conviction that active investment has the edge over passive index investing in the current economic and market conditions. A similar impassioned argument has been made consistently in the past and will continue into the future- through all market cycles and in

continue into the future- through all market cycles and in the face of any and all events with a market impact. This high conviction commentary, at least in part, prompts one of our frequently asked questions- is now the right time for active investing? While some might expect Vanguard to come out

investing? While some might expect Vanguard to come out swinging for index investing- the reality is that neither active nor index investing can credibly be championed as the best approach for any ‘now’. Selecting the appropriate investments relates entirely according to individual goals,

relates entirely according to individual goals, risk tolerances, time horizons and return requirements, and not about pitting index against active. There can be a role for both. Focusing on an either-or debate often distracts from the one factor that transcends investment style or preference

one factor that transcends investment style or preference when selecting investments. Cost. As demonstrated by Morningstar’s research in 2010, where their analysis across its universe of funds and found that, regardless of fund type, low expense ratios was one of the best predictors of future

low expense ratios was one of the best predictors of future relative outperformance. So when it comes to the active vs. index debate, perhaps it’s more a matter of incorporating the best elements of both strategies into a core-satellite approach than choosing one or the other. Do my eyes deceive

approach than choosing one or the other. Do my eyes deceive me? We couldn’t discuss regular reader feedback without highlighting a question that topped the list through the early years of our Smart Investing email newsletter... ‘Can you please increase the font size?’ A simple question, posed

please increase the font size?’ A simple question, posed regularly, by one very determined smart investor. And a fair point. All the insights in the world are no good if you can’t read them. Rest assured we optimised the email newsletter font, and today we remain committed to continuous

font, and today we remain committed to continuous improvement on all fronts as we share insights from Vanguard’s experts into the future. Keep the questions, comments and ideas coming. You may also be interested in7 min read5 things you should know about fees The Basics Vanguard's founder Jack

should know about fees The Basics Vanguard's founder Jack Bogle once said: 'common sense tells us that performance comes and goes, but costs go on forever.' Here are five things you should know about fees before you invest in ETFs. Learn more 5 min readHow to rebalance your investment portfolio

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that page It’s probably off enjoying an early retirement. The pages in the navigation are still up and running though, and might be what you’re looking for.       Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our

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Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestments6 min readNew year, new investing habitsBy Duncan Burns, Head of Equity Index Asia-Pacific The basics The new year is a great time to get into financial shape. Here's some simple steps to develop

into financial shape. Here's some simple steps to develop new investing habits. The new year often comes with resolutions to get healthier and fitter. On the financial front, it’s also a great time to review investments and superannuation portfolios and assess one’s financial wellness.

portfolios and assess one’s financial wellness. Investors should take time to reflect on the habits that were beneficial and those that might need to change, and only make necessary adjustments to their portfolio if all is in line with their objectives and risk appetite. Most portfolio reviews

objectives and risk appetite. Most portfolio reviews tend to bring a sense of optimism, especially when reflecting on gains from the last 12 months. But with the ASX 300 and S&P 500 dropping -2 per cent and -18 per cent respectively in 2022, and bond prices reeling from rising interest rates, this

and bond prices reeling from rising interest rates, this year’s portfolio review probably brings some level of discomfort. But long-term investors may find comfort in the fact that while stocks and bonds looked expensive at the end of 2021, today’s markets are more attractively priced. So, when

today’s markets are more attractively priced. So, when thinking about what opportunities lie ahead this year, the plan should be to add back portfolio exposures. While doing so, reflecting on the elements that underpin market returns can help investors focus on the components that increase a

can help investors focus on the components that increase a portfolio’s success and ignore those that detract. Think through your asset allocations The importance of disciplined asset allocation cannot be overstated. Well-regarded academic studies have concluded that approximately 90 per

academic studies have concluded that approximately 90 per cent of the variability of portfolio returns stem from asset allocation, while security selection and market timing combined only account for 10 per cent. So while both activities can be exciting, trying to pick that hot stock or dancing

can be exciting, trying to pick that hot stock or dancing in and out of the market at just the right time probably isn’t worth the effort. In fact, most investment strategies based on catching lightening in a bottle are doomed to fail. Honing in on the importance of disciplined asset allocation –

in on the importance of disciplined asset allocation – well-constructed long term portfolios hinge on three basic investment principles. First, long-term investors build portfolios with a pronounced focus on equities. Second, prudent investors create portfolios with substantial

prudent investors create portfolios with substantial diversification. And third, sensible investors create portfolios with tax considerations in mind. Equities or similar growth assets enhance portfolio returns over the long term because higher risk assets typically deliver higher

term because higher risk assets typically deliver higher returns. Of course, higher risk assets increase the likelihood of losses. That said, higher returns coupled with the compounding effect of dividends and growth ultimately may result in greater wealth. Consider your objectives While

result in greater wealth. Consider your objectives While 2022 was rough for markets, investors thinking of moving to cash or staying in cash should consider that long-term equity ownership (10 years or more) historically delivers vastly better returns than holding bonds or cash. A recent

vastly better returns than holding bonds or cash. A recent Vanguard study forecasts equity returns to range between 4-7 per cent, annualised for the next 10 years, while bonds are expected to deliver between 4-5 per cent over the same time period. And although forecasts do not guarantee

same time period. And although forecasts do not guarantee performance, the difference while modest, translates into staggering wealth differentials over long periods of time. That said, those with shorter to medium-term requirements for capital, like buying a house or putting a child

for capital, like buying a house or putting a child through school in a few years, should consider adjusting their allocation towards defensive assets accordingly. While equities provide growth opportunities over the long-term, allotting the entire portfolio to equities requires careful

the entire portfolio to equities requires careful consideration. The importance of diversification Which brings us to diversification. Good health is often the result of a mix of physical activity and a balanced diet rather than only relying on one or the other. Similarly, diversifying a

only relying on one or the other. Similarly, diversifying a portfolio by investing across a range of assets – typically assets that behave differently from each other - helps produce more stable returns by spreading risk. Investors with under-diversified portfolios are more likely to face

with under-diversified portfolios are more likely to face enormous pressure to make tactical moves when their concentrated strategy produces poor results. Lastly, shrewd investors also consider the tax characteristics of each asset class, as improved after-tax returns produce more

asset class, as improved after-tax returns produce more assets, ultimately strengthening portfolio results. If in doubt, seek advice With all the ready-made diversified portfolios, tools and information available to investors today, good investing is simple enough to DIY but, if in doubt,

good investing is simple enough to DIY but, if in doubt, seek a financial adviser. The benefits of good financial advice typically exceeds its expense and adds value to a portfolio’s bottom line. Just as a trainer motivates and guides you on diet or workout regimes, having an adviser in your corner

on diet or workout regimes, having an adviser in your corner can really help you get the financial results you are after. Bike paths and gyms have been very busy so it’s clear that many are working hard on fitness-related resolutions. But a healthy lifestyle also includes financial well-being, so

healthy lifestyle also includes financial well-being, so let’s not forget about that. Here’s to a healthy and wealthy 2023! You may also be interested in7 min read5 things you should know about fees The Basics Vanguard's founder Jack Bogle once said: 'common sense tells us that performance comes

once said: 'common sense tells us that performance comes and goes, but costs go on forever.' Here are five things you should know about fees before you invest in ETFs. Learn more 5 min readHow to rebalance your investment portfolio ETFs The Basics How can investors rebalance their portfolio and how

Basics How can investors rebalance their portfolio and how often should they do it? Read more to find out.. Learn more 6 min readHow often should you check investment returns? Investment Strategy It's natural to want to monitor your portfolio value, but how often is too often? Learn more Our latest

value, but how often is too often? Learn more Our latest articles delivered to your inbox Join more than 50,000 fellow investors to learn about investment and personal finance in our free weekly Smart Investing™ newsletter.     Subscribe Now Join 30 million others worldwide investing in their

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us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsFrequently Asked QuestionsAuto InvestHow do I set up an Auto Invest plan?Login to your Vanguard Personal Investor account, then select Auto Invest from the left-hand

account, then select Auto Invest from the left-hand navigation menu. Fill in all fields on the Auto Invest online form and click Submit. Is there a minimum investment amount using Auto Invest?Yes. The minimum Auto Invest amount is $200 based on the investment frequency you’ve selected. The

based on the investment frequency you’ve selected. The minimum amount can be invested into one or more managed funds and ETFs. Vanguard ETFs can only be purchased in whole units. Therefore, the minimum investment amount will vary depending on the ETF’s unit price on the date of purchase. Find out

on the ETF’s unit price on the date of purchase. Find out more. How long does it take for an investment transaction to be completed through Auto Invest?Investment transactions will typically be executed 4 business days after your scheduled regular deposit date. Are there any additional fees

regular deposit date. Are there any additional fees associated with the regular investment plan through Auto Invest?There are no brokerage fees on Vanguard managed fund trades. An annual investment management fee is applied to managed funds, which varies by product. Vanguard ETFs bought

funds, which varies by product. Vanguard ETFs bought using Auto Invest incur $0 brokerage per buy trade. Sell trades incur our standard low, $9 flat brokerage fee. An annual investment management fee is applied to ETFs, which varies by product. Can I set up a regular investment for a product I do not

Can I set up a regular investment for a product I do not currently hold for Auto Invest?Yes. When you set up your Auto Invest plan, simply click on the 'Add managed fund or ETF' button. You’ll then see a full list of Vanguard products. Then select the product you'd like to add to your Auto Invest plan. Can

the product you'd like to add to your Auto Invest plan. Can I set up Auto Invest for multiple bank accounts?No. You’re only able to link one bank account to your Auto Invest plan. How can I change the bank account linked to my Auto Invest plan?To change the bank account that’s linked to your Auto Invest

change the bank account that’s linked to your Auto Invest plan you’ll need to cancel your current Auto Invest instructions. Select Auto Invest in the left-hand navigation menu, click Cancel Auto Invest, and then follow the prompts. Then select Settings, navigate to the Account details tab,

Then select Settings, navigate to the Account details tab, select the Edit option to choose the bank account you want to use, and follow the prompts. How many automatic investments can I set up on my account?You can only set up one Auto Invest plan per account. Can I edit or pause my Auto Invest

Invest plan per account. Can I edit or pause my Auto Invest plan?Not at the moment. To make changes to your plan, you'll need to cancel your current Auto Invest plan and set up a new one. You can cancel your Auto Invest direct debit at any time. Select Auto Invest in the left-hand navigation menu, select

Auto Invest in the left-hand navigation menu, select 'Cancel Auto Invest', and then follow the prompts. When can I cancel my Auto Invest direct debit?You can cancel your Auto Invest direct debit at any time. Select Auto Invest in the left-hand navigation menu, click Cancel Auto Invest, and then

navigation menu, click Cancel Auto Invest, and then follow the prompts. What happens if I cancel my Auto Invest direct debit?Your direct debit and regular investment orders will be cancelled if you cancel your Auto Invest plan at any time up until 4pm (AET) on the date your next direct debit is due.

up until 4pm (AET) on the date your next direct debit is due. If you cancel your Auto Invest plan after 4pm (AET) on the date your direct debit is due your direct debit will still proceed and your regular investment orders will be processed. However, you’ll be able to cancel your pending orders

However, you’ll be able to cancel your pending orders individually from either your portfolio or transaction screens up until 1pm (AET) on the day that your direct debit settles in your Vanguard Cash Account. Any amounts linked to cancelled orders will remain in your Vanguard Cash Account. What

orders will remain in your Vanguard Cash Account. What happens if I have insufficient funds to cover my Auto Invest direct debit?If you don't have enough money in your linked bank account at the time your next direct debit is due your deduction may be dishonoured by your bank and your Auto Invest will

may be dishonoured by your bank and your Auto Invest will be cancelled. Your bank may charge you a dishonour fee. We will notify you by email if this occurs. When will my bank direct debits occur?If you choose to make fortnightly direct debits from your bank account, they’ll occur on the same day every

from your bank account, they’ll occur on the same day every 14 days from the date you select. If you choose to make monthly direct debits from your bank account, they’ll occur on the same date of every month. However, if you set up your plan to start on the last day of a month, your monthly direct debit

to start on the last day of a month, your monthly direct debit will occur on the last day of each following month (for example, February 28 or 29, March 31, April 30). If you choose to make quarterly direct debits from your bank account, they’ll occur on the same date of every quarter. However, if you set

occur on the same date of every quarter. However, if you set up your plan to start on the last day of a quarter, your quarterly direct debit will occur on the last day of each following quarter (for example, March 31, June 30, September 30, and December 31). You’ll be sent a reminder email 3 days before

December 31). You’ll be sent a reminder email 3 days before your scheduled direct debit date. Why can't I see the Auto Invest feature on my Vanguard Online dashboard?The Auto Invest feature is only available to Vanguard Personal Investor accountholders. What can I invest in?You can invest in our

accountholders. What can I invest in?You can invest in our wide-range of Vanguard managed funds and exchange traded funds. You're not able to use Auto Invest for ASX shares. View our Vanguard products. What is the brokerage fee for buying Vanguard ETFs using Auto Invest?Vanguard ETFs bought

Vanguard ETFs using Auto Invest?Vanguard ETFs bought using Auto Invest incur $0 brokerage per buy trade. Sell trades incur our standard low, $9 flat brokerage fee. Can I make fractional (partial) purchases of Vanguard ETF units using Auto Invest?No. Vanguard ETFs can only be bought in whole

Auto Invest?No. Vanguard ETFs can only be bought in whole units. You’ll therefore need to have sufficient funds available to buy whole units of the ETFs that you’ve selected. If you have insufficient funds your order will not proceed. Any residual (excess) cash from Vanguard ETF unit

proceed. Any residual (excess) cash from Vanguard ETF unit transactions is transferred into your Vanguard Cash Account and made available for your next Vanguard ETF Auto Invest order. What happens if there’s any excess cash from my Vanguard ETFs Auto Invest unit order? Any residual cash from

ETFs Auto Invest unit order? Any residual cash from Vanguard ETF unit transactions is transferred into your Vanguard Cash Account and made available for your next Vanguard ETF Auto Invest order. How are Vanguard ETF unit prices calculated for Auto Invest orders?The unit price for Vanguard ETFs

for Auto Invest orders?The unit price for Vanguard ETFs bought using Auto Invest is calculated after the market close on the day your transaction occurs. The time-weighted average price (TWAP) for the day is applied to all Vanguard ETF Auto Invest orders, which ensures all investors receive the

Invest orders, which ensures all investors receive the same buy price. What happens to my Auto Invest on weekends and public holidays?If your scheduled direct debit date is due to fall on either a weekend or a public holiday, your Auto Invest transaction will be carried over to the following

Invest transaction will be carried over to the following business day. You’ll be sent a reminder email 3 days before your next scheduled direct debit date. Can I purchase non-Vanguard ETFs or ASX direct shares using Auto Invest?No. Auto Invest is currently only available for Vanguard products.

Invest is currently only available for Vanguard products. Is there a minimum investment amount using Auto Invest?Yes. The minimum Auto Invest amount is $200 based on the investment frequency you’ve selected. The minimum amount can be invested into one or more managed funds and ETFs. Vanguard

invested into one or more managed funds and ETFs. Vanguard ETFs can only be purchased in whole units. Therefore, the minimum investment amount will vary depending on the ETF’s unit price on the date of purchase. Find out more.   Please note: The minimum investment amount using Auto Invest on a

note: The minimum investment amount using Auto Invest on a Personal Investor Kids Account is $25 per investment period. Find out more. More about VanguardContact us Security and fraud Accessibility FAQs Forms and notices PDS and offer documents Join 30 million others worldwide investing in

documents Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our

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productsBuild your portfolio your way with our wide range of investment products.What can I invest in? By asset class Ready-made portfolios By asset class Ready-made portfolios Invest into managed funds and exchange traded funds (ETFs) covering different asset classes including Australian

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regarding changes to withdrawal conditions - Vanguard managed funds16 Oct 2020Important information regarding Vanguard managed fund buy and sell spreads09 Oct 2020Important information regarding Vanguard Investor Funds25 Sep 2020Name change for the Vanguard Cash Plus Fund01 Sep

Sep 2020Name change for the Vanguard Cash Plus Fund01 Sep 2020Exchange traded fundsUpdate - Index methodology changes for Vanguard Ethically Conscious Global Aggregate Bond Index Funds and ETF01 Feb 2023Nil distributions10 Jan 2023Index methodology changes for Vanguard Ethically

Jan 2023Index methodology changes for Vanguard Ethically Conscious Global Aggregate Bond Index Funds and ETF09 Jan 2023Market closures affecting the availability of the Net Asset Value (NAV)22 Dec 2022Important information regarding changes to Vanguard’s product disclosure

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advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsFrequently Asked QuestionsAdviser

ViewingInvestmentsFrequently Asked QuestionsAdviser Explore Auto invest Explore Companies Explore Existing direct investors Explore Fees and costs Explore Investing Explore Investment basics Explore Joint accounts Explore Mobile app Explore My account Explore Power of Attorney

Mobile app Explore My account Explore Power of Attorney Explore Self-managed super fund Explore Trusts Explore Kids accounts Explore Most PopularWhat is the difference between a managed fund and an ETF?Vanguard exchange traded funds (ETFs) and managed funds generally provide access to the

(ETFs) and managed funds generally provide access to the same underlying asset class. For example, the Vanguard Australian Shares Index ETF and the Vanguard Australian Shares Index Fund own the same underlying assets. The difference between the two is that a managed fund is not listed on a stock

between the two is that a managed fund is not listed on a stock exchange, whereas an ETF is and thereby enables greater trading flexibility, liquidity and intraday pricing. Your choice will come down to which type of investment vehicle best suits you. You can learn more about managed funds and ETFs

suits you. You can learn more about managed funds and ETFs in the Learn section of the Vanguard website. How can I transfer money into my Vanguard Cash Account?There are 3 ways you can transfer money into your Vanguard Cash Account: Direct debit through your linked Australian bank account. To

debit through your linked Australian bank account. To make a direct debit, simply select log in to Vanguard Online > Cash > Deposit and then follow the instructions. Direct credit from your bank account using your Vanguard Cash Account BSB and account number. Your BSB and account number is shown

BSB and account number. Your BSB and account number is shown under the heading 'Vanguard Cash Account.' BPAY®: You can find the biller code and customer reference number (CRN) when you select 'Deposit with BPAY' from the 'Cash' screen within Vanguard Online. Is there a minimum buy?Vanguard

within Vanguard Online. Is there a minimum buy?Vanguard managed funds A minimum purchase amount of $500 applies to the initial purchase of any managed fund. There is no minimum investment amount when you are adding to an existing managed fund that you already hold units in. Vanguard ETFs and

fund that you already hold units in. Vanguard ETFs and listed shares A minimum purchase amount of $500 applies to all Australian listed Vanguard ETFs and ASX listed shares (plus a $9 flat brokerage fee per trade). How will I receive my distributions or dividends?If you hold investments paying

or dividends?If you hold investments paying distributions or dividends, you'll receive either additional units or cash. Prior to payments being made*, to reflect the current value of your portfolio, any amounts due will appear as 'Pending distributions and / or dividends payable' within your

distributions and / or dividends payable' within your 'My portfolio'. The amount within 'Pending distributions and / or dividends payable' will update as payments are made in line with declared payment dates**. For managed funds, based on your payment choices: Unit (Distribution

funds, based on your payment choices: Unit (Distribution Reinvestment Program) payments will appear in your 'Transaction history'. Go to your 'My portfolio' for an updated view of your holdings. Cash payments will be paid to your Vanguard Cash Account or personal linked bank account if you are a

Cash Account or personal linked bank account if you are a direct investor. For ETFs and ASX shares, distributions or dividends can only be paid in cash to your Vanguard Cash Account. * Managed fund and ETF distribution details can be found by searching for the fund. **Managed fund distribution

by searching for the fund. **Managed fund distribution 'key dates for quarter end' are available within our Forms and notices section under Investor notices. For specific ETF and shares payment dates, please visit the ASX website and search under the relevant product or company ticker

search under the relevant product or company ticker code. More about VanguardContact us Security and fraud Accessibility FAQs Forms and notices PDS and offer documents Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it

where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal support frequently asked questions adviser.    | Vanguard Australia Personal Investor  You need to enable

centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsFrequently Asked QuestionsAdviserHow do I register for Vanguard Online access?To

do I register for Vanguard Online access?To register for Vanguard Online: Visit the Vanguard Online registration page. Submit your adviser details. You'll need your AFSL number, authorised representative number and ABN. It typically takes 1-2 business days to process your information.

takes 1-2 business days to process your information. When we're done, we'll send you an email with a unique code and a link to set up your Vanguard Online account. Follow the instructions to finish setting up your Vanguard Online account. Please note: If you have an old Vanguard Online account and

Please note: If you have an old Vanguard Online account and have not yet migrated to the new Vanguard Online, you will need to contact us to register. Call our Adviser Services team on 1300 655 205 or email adviserservices@vanguard.com.au. Where can I find my Vanguard Adviser Number?Your

Where can I find my Vanguard Adviser Number?Your Vanguard Adviser Number can be accessed on Vanguard Online. Alternatively, please contact us on adviserservices@vanguard.com.au or by calling 1300 655 205. Who can I contact if I can't find the answers I'm looking for?Our Adviser Services

find the answers I'm looking for?Our Adviser Services team is happy to answer any questions you may have regarding your Vanguard Online account. Call us on 1300 655 205 or email adviserservices@vanguard.com.au. You can also use the 'Message us' option within Vanguard Online. How do I link

'Message us' option within Vanguard Online. How do I link clients to my Vanguard Online account?You can use either of the attached forms to link your clients. This form requires your client's signature - If your client hasn't already provided certified ID during their Personal Investor

provided certified ID during their Personal Investor application process, this must be provided with the completed form There is an alternative form that doesn't require your client's signature - This form must be submitted using Vanguard Online's secure message option once they've logged

Online's secure message option once they've logged into their account As an adviser, how can I update my details such as email address and mobile number?To change your personal details, such as your email address, you'll need to download a change of details form. Once completed you can send this

a change of details form. Once completed you can send this form back to us by logging in to Vanguard Online and using the secure 'Message us' function. To change your mobile number, please contact us on 1300 655 205. Change of details forms can also be submitted via email

205. Change of details forms can also be submitted via email to personalinvestoradvisers@vanguard.com.au for those without Vanguard Online access. How do I update my clients' details?All personal or account details can only be accessed by the registered accountholder(s). Can my support

by the registered accountholder(s). Can my support staff register for access to a client's account?No. Only the financial adviser linked to a client's account is able to view the account. The linked financial adviser's mobile phone is required for two-factor authentication purposes when

is required for two-factor authentication purposes when logging in. We're developing additional features and functionality to make it easier for you to manage your clients' Vanguard investments directly. We'll let you know as new enhancements are added over time. How do my clients fund their

are added over time. How do my clients fund their trades?For Vanguard Personal Investor clients, all trades are funded from their Vanguard Cash Account. There are three ways to transfer money into a Vanguard Cash Account: Direct debit through their linked Australian bank account. To make a

through their linked Australian bank account. To make a direct debit, they should simply select login to Vanguard Online > Cash > Deposit and then follow the instructions. Direct credit from their bank account using their Vanguard Cash Account BSB and account number. Their BSB and account number

BSB and account number. Their BSB and account number is shown under the heading 'Vanguard Cash Account.' BPAY®: The biller code and customer reference number (CRN) can be found when they select 'Deposit with BPAY®' from the 'Cash' screen within Vanguard Online. For clients without a Vanguard

within Vanguard Online. For clients without a Vanguard Personal Investor Account, trades are funded by making a BPAY® payment into the managed funds in which they are currently invested. A minimum of $100,000 is required for investments paid by cheque. Can I operate my clients' Vanguard Cash

paid by cheque. Can I operate my clients' Vanguard Cash Account on their behalf?Adviser access to the new Vanguard Online to operate a client's cash account is not available at this stage. We're developing additional features and functionality to make it easier for you to manage your clients'

to make it easier for you to manage your clients' Vanguard investments directly. We'll let you know as new enhancements are added over time. Are dividends paid to the client's Vanguard Cash Account?Yes. For those with a Vanguard Cash Account, dividend payments received from the shares they hold,

dividend payments received from the shares they hold, as well as ETF and managed fund distributions, will be paid into their Vanguard Cash Account. Clients without a Vanguard Cash Account will have their distributions paid into their external bank account. What investments are available to my

bank account. What investments are available to my clients through a new Vanguard Personal Investor Account?For a full listing of available investments please refer to the Vanguard Personal Investor investment menu. What trading options does my client have with Vanguard Personal

trading options does my client have with Vanguard Personal Investor?Investors can buy and sell ETFs and the top Australian shares (by market capitalisation) within Vanguard Personal Investor using limit and market orders. Investors also have trading access to Vanguard managed funds. How

also have trading access to Vanguard managed funds. How does my client transfer existing Broker Sponsored holdings to Vanguard?This feature is not yet available. Vanguard Personal Investor is being introduced in a phased rollout, which will see additional functionality and features added

will see additional functionality and features added over time to further enhance the experience for both investors and financial advisers. How does my client transfer existing Issuer Sponsored holdings to Vanguard?This feature is not yet available. Vanguard Personal Investor is being

is not yet available. Vanguard Personal Investor is being introduced in a phased rollout, which will see additional functionality and features added over time to further enhance the experience for both investors and financial advisers. How does my client transfer their holdings not held with

How does my client transfer their holdings not held with Vanguard to Vanguard Personal Investor?This feature is not yet available. Vanguard Personal Investor is being introduced in a phased rollout, which will see additional functionality and features added over time to further enhance the

and features added over time to further enhance the experience for both investors and financial advisers. What is the settlement process on switches between managed funds?Switching investment capital between managed funds is not available. Vanguard Personal Investor is being introduced in

Vanguard Personal Investor is being introduced in a phased rollout which will see additional functionality and features added over time to further enhance the experience for both investors and financial advisers. Can my clients participate in corporate actions?Vanguard Personal Investor

in corporate actions?Vanguard Personal Investor investors can participate in mandatory corporate actions initiated by a company board which affect all shareholders. These include dividend payments, stock splits, mergers, returns of capital, bonus issues, and asset spin-offs. Investors

of capital, bonus issues, and asset spin-offs. Investors are not able to participate in voluntary corporate actions (where they have a choice on participating), or in mandatory corporate actions where shareholders are given multiple choices (such as electing for a cash dividend or a dividend

choices (such as electing for a cash dividend or a dividend reinvestment scheme) unless there is a default option. Can my client BPAY funds directly into their chosen investment?Clients with a Vanguard Personal Investor Account can BPAY® into their Vanguard Cash Account. The funds can then be

into their Vanguard Cash Account. The funds can then be used to invest. Clients who do not have a Vanguard Personal Investor account can BPAY® funds directly into their existing Vanguard managed funds. What kind of managed fund transfers can be made to and from Vanguard?Transfers of investments

can be made to and from Vanguard?Transfers of investments your client holds directly or on another platform into their Vanguard Personal Investor Account are not available. The ability to transfer Vanguard managed fund holdings to other investment platforms, and to transfer non-Vanguard

other investment platforms, and to transfer non-Vanguard managed funds to Vanguard Personal Investor, is not available at this stage. Vanguard Personal Investor is being introduced in a phased rollout which will see additional functionality and features added over time to further enhance

and features added over time to further enhance the experience for both investors and financial advisers. Will I be notified when my client submit a funds transfer request?Advisers do not receive notifications when a funds transfer request by a client has been submitted. Once the transfer

request by a client has been submitted. Once the transfer request is completed, linked advisers will be able to view the details when they log in to Vanguard Online. We're developing additional features and functionality to make it easier for you to manage your clients' Vanguard investments

for you to manage your clients' Vanguard investments directly. We'll let you know as new enhancements are added over time. Will I be notified when my client submits a trade?Advisers do not receive notifications in relation to clients' account and trades. Once a trade has processed, advisers will

and trades. Once a trade has processed, advisers will be able to view the details when they log in to Vanguard Online. We're developing additional features and functionality to make it easier for you to manage your clients' Vanguard investments directly. We'll let you know as new enhancements are

directly. We'll let you know as new enhancements are added over time. What is your deceased estate management process?For assistance with accounts involving deceased estates, contact us by email at vanguardestates@vanguard.com.au. Do you provide email notifications for

Do you provide email notifications for advisers?Notifications to advisers are not available at this stage. Investors will receive secure message notifications for changes of details, trading and other activity. As an adviser, how do I download my trade confirmations?Trade confirmations on

I download my trade confirmations?Trade confirmations on Vanguard Personal Investor are currently not available for advisers. Investors with a Vanguard Personal Investor Account will receive a secure message notification within Vanguard Online once their trades have settled. Do you offer

Online once their trades have settled. Do you offer client data feeds?Advisers can access a linked Vanguard client's data feeds using Iress Xplan financial planning and wealth management software. How do I request an ad-hoc report or transaction summary?Once you have been linked to their

or transaction summary?Once you have been linked to their account, you can access your clients' transaction summaries and regular Vanguard quarterly reports on Vanguard Online. It is not possible to generate ad-hoc reports at this stage. If my client transfers their holdings to their Vanguard

If my client transfers their holdings to their Vanguard Personal Investor account, will it trigger a capital gains tax event?Unfortunately, in specie transfers are not faciliated at this time. If your client wishes to transfer their holdings to Vanguard Personal Investor, they will need to

holdings to Vanguard Personal Investor, they will need to exit their positions, which will have capital gains tax implications. How do I change a client's bank account details?Advisers are not able to change a client's bank account details. A client can change their bank account from within

details. A client can change their bank account from within Vanguard Personal Investor. Can I change my notification settings?At this stage, a notification preference setting is not available. We take your account security very seriously and you'll receive notifications from us when there

and you'll receive notifications from us when there has been an update to your personal details. Will you send me a copy of contract notes?No. You can view your clients' transaction statements when you log in to Vanguard Online. Can my clients transact with Vanguard Personal Investor outside of

transact with Vanguard Personal Investor outside of Australia?Yes. Your clients can transact while overseas if their Australian mobile number works overseas. An Australian mobile is required to receive a two-factor authentication code. Does Vanguard Personal Investor include direct

code. Does Vanguard Personal Investor include direct debit functionality?Clients can set up direct debit functionality into their Vanguard Cash Account. To make a direct debit, they can login to Vanguard Online > Cash > Deposit and then follow the instructions. Are there any features for

then follow the instructions. Are there any features for standing instructions?This feature is not available at this stage. We're developing additional features and functionality to make it easier for you to manage your clients' Vanguard investments directly. We'll let you know as new

Vanguard investments directly. We'll let you know as new enhancements are added over time. How does my client close their Vanguard Personal Investor Account?To close a Vanguard Personal Investor Account the accountholder can select the 'account closure' category in secure message. They will

'account closure' category in secure message. They will need to sell or transfer their assets out of the account before it can be closed. Any distributions, dividends or cash interest received after closing will be automatically paid to the nominated linked bank account. Once all income has been

the nominated linked bank account. Once all income has been paid out their Vanguard Personal Investor Account will be closed. Investors will have limited access to their account for 2 years to access past statements. For further details on the account closure process please refer to

details on the account closure process please refer to the Statement of Additional Information. Do you plan on offering adviser transactional capabilities?At this stage, adviser access to the new Vanguard Online to transact on behalf of clients is not available. We're developing additional

of clients is not available. We're developing additional features and functionality to make it easier for you to manage your clients' Vanguard investments directly. We'll let you know as new enhancements are added over time. More about VanguardContact us Security and fraud Accessibility FAQs

VanguardContact us Security and fraud Accessibility FAQs Forms and notices PDS and offer documents Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect

to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal support frequently asked questions auto invest.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments

logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsFrequently Asked QuestionsAuto InvestHow do I set up an Auto Invest plan?Login to your Vanguard Personal Investor account, then select Auto Invest from

Personal Investor account, then select Auto Invest from the left-hand navigation menu. Fill in all fields on the Auto Invest online form and click Submit. Is there a minimum investment amount using Auto Invest?Yes. The minimum Auto Invest amount is $200 based on the investment frequency you’ve

amount is $200 based on the investment frequency you’ve selected. The minimum amount can be invested into one or more managed funds and ETFs. Vanguard ETFs can only be purchased in whole units. Therefore, the minimum investment amount will vary depending on the ETF’s unit price on the date of

will vary depending on the ETF’s unit price on the date of purchase. Find out more. How long does it take for an investment transaction to be completed through Auto Invest?Investment transactions will typically be executed 4 business days after your scheduled regular deposit date. Are there any

after your scheduled regular deposit date. Are there any additional fees associated with the regular investment plan through Auto Invest?There are no brokerage fees on Vanguard managed fund trades. An annual investment management fee is applied to managed funds, which varies by product.

fee is applied to managed funds, which varies by product. Vanguard ETFs bought using Auto Invest incur $0 brokerage per buy trade. Sell trades incur our standard low, $9 flat brokerage fee. An annual investment management fee is applied to ETFs, which varies by product. Can I set up a regular

to ETFs, which varies by product. Can I set up a regular investment for a product I do not currently hold for Auto Invest?Yes. When you set up your Auto Invest plan, simply click on the 'Add managed fund or ETF' button. You’ll then see a full list of Vanguard products. Then select the product you'd like

of Vanguard products. Then select the product you'd like to add to your Auto Invest plan. Can I set up Auto Invest for multiple bank accounts?No. You’re only able to link one bank account to your Auto Invest plan. How can I change the bank account linked to my Auto Invest plan?To change the bank account

linked to my Auto Invest plan?To change the bank account that’s linked to your Auto Invest plan you’ll need to cancel your current Auto Invest instructions. Select Auto Invest in the left-hand navigation menu, click Cancel Auto Invest, and then follow the prompts. Then select Settings, navigate

then follow the prompts. Then select Settings, navigate to the Account details tab, select the Edit option to choose the bank account you want to use, and follow the prompts. How many automatic investments can I set up on my account?You can only set up one Auto Invest plan per account. Can I edit or

can only set up one Auto Invest plan per account. Can I edit or pause my Auto Invest plan?Not at the moment. To make changes to your plan, you'll need to cancel your current Auto Invest plan and set up a new one. You can cancel your Auto Invest direct debit at any time. Select Auto Invest in the left-hand

debit at any time. Select Auto Invest in the left-hand navigation menu, select 'Cancel Auto Invest', and then follow the prompts. When can I cancel my Auto Invest direct debit?You can cancel your Auto Invest direct debit at any time. Select Auto Invest in the left-hand navigation menu, click

Select Auto Invest in the left-hand navigation menu, click Cancel Auto Invest, and then follow the prompts. What happens if I cancel my Auto Invest direct debit?Your direct debit and regular investment orders will be cancelled if you cancel your Auto Invest plan at any time up until 4pm (AET) on the

your Auto Invest plan at any time up until 4pm (AET) on the date your next direct debit is due. If you cancel your Auto Invest plan after 4pm (AET) on the date your direct debit is due your direct debit will still proceed and your regular investment orders will be processed. However, you’ll be able to

orders will be processed. However, you’ll be able to cancel your pending orders individually from either your portfolio or transaction screens up until 1pm (AET) on the day that your direct debit settles in your Vanguard Cash Account. Any amounts linked to cancelled orders will remain in your

Any amounts linked to cancelled orders will remain in your Vanguard Cash Account. What happens if I have insufficient funds to cover my Auto Invest direct debit?If you don't have enough money in your linked bank account at the time your next direct debit is due your deduction may be dishonoured by

direct debit is due your deduction may be dishonoured by your bank and your Auto Invest will be cancelled. Your bank may charge you a dishonour fee. We will notify you by email if this occurs. When will my bank direct debits occur?If you choose to make fortnightly direct debits from your bank account,

to make fortnightly direct debits from your bank account, they’ll occur on the same day every 14 days from the date you select. If you choose to make monthly direct debits from your bank account, they’ll occur on the same date of every month. However, if you set up your plan to start on the last day of a

However, if you set up your plan to start on the last day of a month, your monthly direct debit will occur on the last day of each following month (for example, February 28 or 29, March 31, April 30). If you choose to make quarterly direct debits from your bank account, they’ll occur on the same date of

from your bank account, they’ll occur on the same date of every quarter. However, if you set up your plan to start on the last day of a quarter, your quarterly direct debit will occur on the last day of each following quarter (for example, March 31, June 30, September 30, and December 31). You’ll be sent

31, June 30, September 30, and December 31). You’ll be sent a reminder email 3 days before your scheduled direct debit date. Why can't I see the Auto Invest feature on my Vanguard Online dashboard?The Auto Invest feature is only available to Vanguard Personal Investor accountholders. What can I

to Vanguard Personal Investor accountholders. What can I invest in?You can invest in our wide-range of Vanguard managed funds and exchange traded funds. You're not able to use Auto Invest for ASX shares. View our Vanguard products. What is the brokerage fee for buying Vanguard ETFs using Auto

is the brokerage fee for buying Vanguard ETFs using Auto Invest?Vanguard ETFs bought using Auto Invest incur $0 brokerage per buy trade. Sell trades incur our standard low, $9 flat brokerage fee. Can I make fractional (partial) purchases of Vanguard ETF units using Auto Invest?No. Vanguard ETFs

of Vanguard ETF units using Auto Invest?No. Vanguard ETFs can only be bought in whole units. You’ll therefore need to have sufficient funds available to buy whole units of the ETFs that you’ve selected. If you have insufficient funds your order will not proceed. Any residual (excess) cash from

order will not proceed. Any residual (excess) cash from Vanguard ETF unit transactions is transferred into your Vanguard Cash Account and made available for your next Vanguard ETF Auto Invest order. What happens if there’s any excess cash from my Vanguard ETFs Auto Invest unit order? Any

cash from my Vanguard ETFs Auto Invest unit order? Any residual cash from Vanguard ETF unit transactions is transferred into your Vanguard Cash Account and made available for your next Vanguard ETF Auto Invest order. How are Vanguard ETF unit prices calculated for Auto Invest orders?The unit

ETF unit prices calculated for Auto Invest orders?The unit price for Vanguard ETFs bought using Auto Invest is calculated after the market close on the day your transaction occurs. The time-weighted average price (TWAP) for the day is applied to all Vanguard ETF Auto Invest orders, which ensures

to all Vanguard ETF Auto Invest orders, which ensures all investors receive the same buy price. What happens to my Auto Invest on weekends and public holidays?If your scheduled direct debit date is due to fall on either a weekend or a public holiday, your Auto Invest transaction will be carried over

holiday, your Auto Invest transaction will be carried over to the following business day. You’ll be sent a reminder email 3 days before your next scheduled direct debit date. Can I purchase non-Vanguard ETFs or ASX direct shares using Auto Invest?No. Auto Invest is currently only available for

Invest?No. Auto Invest is currently only available for Vanguard products. Is there a minimum investment amount using Auto Invest?Yes. The minimum Auto Invest amount is $200 based on the investment frequency you’ve selected. The minimum amount can be invested into one or more managed funds and

amount can be invested into one or more managed funds and ETFs. Vanguard ETFs can only be purchased in whole units. Therefore, the minimum investment amount will vary depending on the ETF’s unit price on the date of purchase. Find out more.   Please note: The minimum investment amount using Auto

Please note: The minimum investment amount using Auto Invest on a Personal Investor Kids Account is $25 per investment period. Find out more. More about VanguardContact us Security and fraud Accessibility FAQs Forms and notices PDS and offer documents Join 30 million others worldwide

PDS and offer documents Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal support frequently asked questions companies.    |

personal support frequently asked questions companies.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre

Financial advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsFrequently Asked

Are ViewingInvestmentsFrequently Asked QuestionsCompaniesWhat types of companies are eligible to open a Vanguard Personal Investor company account?Vanguard Personal Investor company accounts are available to unlisted (private) proprietary companies that meet the following

(private) proprietary companies that meet the following criteria: The company must be solely a tax resident of Australia. The company isn’t controlled by a foreign person(s). The company shareholders comprise solely of individual persons residing in Australia. The company has no more than 10

residing in Australia. The company has no more than 10 company officers (directors and company secretary) associated to the company. The company isn’t an investment platform, a custodian, or a regulated entity or institution holding an Australian Financial Services Licence for the purposes

an Australian Financial Services Licence for the purposes of undertaking investment activities on behalf of others. Who can open a Vanguard Personal Investor company account?You can open a Vanguard Personal Investor company account on behalf of a company if you are a director of the company or

on behalf of a company if you are a director of the company or the company secretary, and if you have an Australian mobile number, Australian residential address and email address. Can authorised representatives access Vanguard Personal Investor company accounts?At this stage authorised

Investor company accounts?At this stage authorised representatives (other than company officers) can’t be granted access to a company account. Can more than two directors be added during the company account sign-up process?Yes. A maximum of 10 company officers (directors and company

A maximum of 10 company officers (directors and company secretary) can be added. All company officers must be a signatory to the account and consent to the application. Each signatory will be sent a digital invitation to onboard once the primary applicant has completed the company account

the primary applicant has completed the company account application process and all identity verification checks are finalised. Can charities open a Vanguard Personal Investor company account?Vanguard Personal Investor company accounts are available to private registered charities

accounts are available to private registered charities operating through a company structure. The service isn’t available to charities of other entity types such as trusts, associations, or partnerships. Who can have access to a Vanguard Personal Investor company account?All company

a Vanguard Personal Investor company account?All company officers will have digital online access to the Vanguard Personal Investor company account. Can a Vanguard Personal Investor company account be opened if a director is a foreign person?No. However, it is acceptable if the director

person?No. However, it is acceptable if the director who’s located overseas is an Australian resident and has an Australian mobile number that can be used for two-factor authentication purposes. Companies with foreign persons as directors, controlling persons or shareholders are not

as directors, controlling persons or shareholders are not accepted. What documents are required to open a Vanguard Personal Investor company account?In most circumstances, no documents will need to be supplied, as identity verification will be performed electronically, based on the

will be performed electronically, based on the information included on the Company Application Form. If certified identification documents are required for company officers, beneficial owners or controllers, these documents will need to be submitted by the primary applicant (person who

need to be submitted by the primary applicant (person who initiated the application). Identity verification of the company will also be performed electronically. In situations where electronic verification of the company is unsuccessful, we’ll need the latest ASIC extract. More about

we’ll need the latest ASIC extract. More about VanguardContact us Security and fraud Accessibility FAQs Forms and notices PDS and offer documents Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes.

We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal support frequently asked questions existing direct investors.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run

Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsFrequently Asked QuestionsExisting direct investorsHow do I register for the new Vanguard Online?To

investorsHow do I register for the new Vanguard Online?To register for the new Vanguard Online experience you’ll need the unique registration code we sent to you in our correspondence by email or letter between 7 October 2020 and 19 October 2020.  To register, simply: Click here to re-register.

2020.  To register, simply: Click here to re-register. Enter your unique registration code. Enter your Vanguard Investor Number and follow the instructions. This number can be found on your Investor Statement. Please save or print a statement to be able to reference your Investor Number at the

to be able to reference your Investor Number at the time of registration. I never received a unique registration code. How do I get one?For eligible accountholders, we will be sending the unique registration code between 7 October 2020 and 19 October 2020 via email or letter. If you are an eligible

19 October 2020 via email or letter. If you are an eligible accountholder and haven't received your unique registration code, please call us after 19 October 2020 on 1300 655 101. We are available Monday to Friday, 8am to 6pm AET. Eligible accountholders are: Primary and secondary

AET. Eligible accountholders are: Primary and secondary accountholders on individual and joint accounts. Trustee(s), director(s) and company secretary on SMSF, trust, company, partnership and association accounts. Please note: Vanguard Online access is not available for accounts

note: Vanguard Online access is not available for accounts attached to a margin loan or a deceased estate, or for a Power of Attorney or authorised representatives on an account. To contact us in relation to these types of accounts, please use the following dedicated email addresses: Margin loans

use the following dedicated email addresses: Margin loans (marginloans@vanguard.com.au); deceased estates (vanguardestates@vanguard.com.au); Power of Attorney and authorised representatives (thirdpartycontact@vanguard.com.au). Who will have access to Vanguard

Who will have access to Vanguard Online?Eligible accountholders for the new Vanguard Online are: Primary and secondary accountholders on individual and joint accounts. Trustee(s), director(s) and company secretary on SMSF, trust, company, partnership and association accounts. Please

company, partnership and association accounts. Please note: Vanguard Online access is not available for accounts attached to a margin loan or a deceased estate, or for a Power of Attorney or authorised representatives on an account. To contact us in relation to these types of accounts, please

To contact us in relation to these types of accounts, please use the following dedicated email addresses: Margin loans (marginloans@vanguard.com.au); deceased estates (vanguardestates@vanguard.com.au); Power of Attorney and authorised representatives

Power of Attorney and authorised representatives (thirdpartycontact@vanguard.com.au). I have more than one account with Vanguard. Do I need to register for Vanguard Online for all of my accounts?No. If you have more than one account with Vanguard, you will only need to register for the new

with Vanguard, you will only need to register for the new Vanguard Online once. When the move of your account is complete and you have registered for the new Vanguard Online, simply select the ‘Missing an account?’ link on the dashboard and follow the process to link all your accounts under the one

follow the process to link all your accounts under the one online login. I have a Vanguard Personal Investor Account. Can I view all my accounts under the one Vanguard Online login?Yes. If you already have a Vanguard Personal Investor Account, you don’t have to register any other accounts. From 19

you don’t have to register any other accounts. From 19 October 2020, simply log in to Vanguard Online, select the ‘Missing an account?’ link on the dashboard and follow the process to link all your accounts under the one online login. I don't have an Australian mobile number. Can I register for the

have an Australian mobile number. Can I register for the new Vanguard Online?Yes, we accept mobile numbers from a number of other countries in addition to Australian mobile phone numbers to register and access the new Vanguard Online. A list of the countries we can support can be viewed below.

A list of the countries we can support can be viewed below. Keeping your account secure is our priority. With the new Vanguard Online, we’ve introduced two-factor authentication (2FA) as an extra layer of security to protect your account. We’ll send a security verification code to your mobile

We’ll send a security verification code to your mobile phone number to verify your online activities for example, when you request to sell your investments. List of supported countries Austria Canada Chile Colombia Czech Republic Denmark Estonia France Germany Hong Kong Hungary Ireland Italy

Estonia France Germany Hong Kong Hungary Ireland Italy Japan Korea, Republic of Malaysia Mongolia Netherlands New Zealand Norway Poland Portugal Qatar Samoa Singapore South Africa Sweden Switzerland Taiwan Thailand United Arab Emirates United Kingdom United States Vietnam Why do I need to

United Kingdom United States Vietnam Why do I need to register for the new Vanguard Online?The security of your account is our priority. Therefore, to keep your account secure all eligible accountholders will need to register for the new Vanguard Online. With the new Vanguard Online, we’ve

new Vanguard Online. With the new Vanguard Online, we’ve introduced two-factor authentication (2FA) as an extra layer of security to protect your account. We’ll send a security verification code to your mobile phone number to verify your online activities for example, when you request to sell

online activities for example, when you request to sell your investments. nullI have registered for the new Vanguard Online. Where do I log in in the future?Once you have registered, log in using the button at the top of the web page. What is the difference between the new and old Vanguard Online?The

the difference between the new and old Vanguard Online?The new Vanguard Online has added features and an enhanced experience, including the ability to: Buy additional investments in the funds you currently hold using BPAY® via your online banking. Sell your investments online when the signing

banking. Sell your investments online when the signing authority for your account is ‘any-to-sign’ or where you have nominated an accountholder to act on your behalf. To change the signing authority on your account you can complete a change of account signing authority form. Contact us anytime

of account signing authority form. Contact us anytime via ’Message us’. Send us instructions quickly via ’Message us’. Access your investor statements online. We’ll send you an email when a new statement is available. If you’d prefer a paper statement you’ll need to complete a ‘Change of details

statement you’ll need to complete a ‘Change of details ’ form and send it to us via secure message once you’ve registered for the new Vanguard Online. Can I stay on the current Vanguard Online and not register for the new one?No. We are in the process of moving your account over to the new Vanguard

the process of moving your account over to the new Vanguard Online. We are expecting this transition to be completed on Monday 19 October 2020, and the current Vanguard Online will no longer be accessible. How can I access my statements?The new Vanguard Online makes it easier for you to view and

new Vanguard Online makes it easier for you to view and download your statements. Once you have registered for the new Vanguard Online, you’ll automatically receive all future statements online. We’ll send you an email letting you know when your statements are available. If you prefer to receive

your statements are available. If you prefer to receive statements by mail, you’ll need to complete the change of details form and send it to us via secure message from the ‘Message us’ section after you have registered for the new Vanguard Online. Statements will be sent to the account mailing

Online. Statements will be sent to the account mailing address. I'm an existing client. Does this change my current holdings and when can I open a Vanguard Personal Investor Account?Vanguard Personal Investor is our new online platform. Existing clients may chose to open a Vanguard Personal

Existing clients may chose to open a Vanguard Personal Investor Account to access the new offer, however for the time being they will not be able to transfer their existing holdings to their new Vanguard Personal Investor Account. We are currently working through this process and will be in touch

currently working through this process and will be in touch when this transfer process becomes available next year for eligible account types. As a Vanguard client, how do I transfer my existing holdings over to a new Personal Investor Account?At this stage, you will not be able to transfer your

Account?At this stage, you will not be able to transfer your existing holdings over to your new Vanguard Personal Investor Account. We are currently working through this process and will be in touch when this transfer process becomes available next year for eligible account types. Will I be able

next year for eligible account types. Will I be able to invest in other managed funds through my existing account?From 1 October 2020, existing investors who invest directly in Vanguard Investor Funds (Retail Funds) and Vanguard Wholesale Funds can continue to make additional investments into

Funds can continue to make additional investments into funds they already hold. To invest in other managed funds, investors can access Vanguard Wholesale Funds ($500 minimum investment), Vanguard Australian-listed ETFs (brokerage free) and top ASX shares through our new Vanguard Personal

free) and top ASX shares through our new Vanguard Personal Investor platform (an Investor Directed Portfolio Service). Click here to find out more about Vanguard Personal Investor. Why can't I invest in another fund?In late September 2020, we announced a number of servicing changes taking

2020, we announced a number of servicing changes taking place in our range of retail funds and wholesale funds in the coming months, as part of our efforts to improve the overall investing experience with Vanguard and modernise our offer. Investors can access Vanguard Wholesale Funds ($500

Investors can access Vanguard Wholesale Funds ($500 minimum investment), Vanguard Australian-listed ETFs (brokerage-free) and ASX shares through our new Vanguard Personal Investor platform (an Investor Directed Portfolio Service). Click here to find out more about Vanguard Personal

Click here to find out more about Vanguard Personal Investor. How can I invest in new Vanguard managed funds?To invest in managed funds that you don't currently hold, you can open a Vanguard Personal Investor Account – an Investor Directed Portfolio Service (IDPS). This new online account offers

Portfolio Service (IDPS). This new online account offers a wider range of investment products, allowing investors to build and diversify their portfolio with access to: Vanguard managed funds with wholesale management fees, with a minimum investment of $500. Vanguard Australian-listed

a minimum investment of $500. Vanguard Australian-listed exchange traded funds (ETFs), from $500, brokerage free. Top ASX shares (by market capitalisation), with a $9 flat brokerage fee on all trades. Click here to find out more about Vanguard Personal Investor. Will my distribution

about Vanguard Personal Investor. Will my distribution reinvestment nomination carry over to the new Vanguard Online?Yes. Any existing distribution reinvestment nominations you have on Vanguard managed funds will be transferred over to the new Vanguard Online. How will my account security

to the new Vanguard Online. How will my account security change as a result of this change?We take your security very seriously and have added additional layers of security to protect your account. We’ve introduced two-factor authentication (2FA) as an extra layer of security to protect your

(2FA) as an extra layer of security to protect your account. We’ll send a security verification code to your mobile phone number to verify your online activities for example, when you request to sell your investments. In addition, the new Vanguard Online will allow you to set up new login details

Vanguard Online will allow you to set up new login details (user name and password). Will I be able to export my transaction history?Yes. The new Vanguard Online enables you to download your transaction history and export it in CSV format. Can a Power of Attorney or authorised representative

Can a Power of Attorney or authorised representative access my Vanguard Online login?At this stage, Power of Attorney or authorised representatives will not be able to access your new Vanguard Online login. However, they will be able to act on your behalf by sending us instructions by completing

act on your behalf by sending us instructions by completing the required form and emailing it to the dedicated email address thirdpartycontact@vanguard.com.au. I have a margin loan account. Will I have access to the new Vanguard Online?No. The way you access your current Vanguard investments

The way you access your current Vanguard investments will change with the closure of Vanguard Online for your existing account type. If you have any account enquiries you can contact us via a dedicated email address: marginloans@vanguard.com.au. How do I issue instructions for a margin loan

How do I issue instructions for a margin loan account?To issue instructions for your account, you can contact us via a dedicated email address: marginloans@vanguard.com.au. How do I contact Vanguard once I've registered for the new Vanguard Online?Once you have registered, if you have any

Vanguard Online?Once you have registered, if you have any enquiries, you can contact us quickly via secure message from the ‘Message us’ section within the new Vanguard Online. Can Vanguard tell me how much I'll pay in fees if I moved my existing investment with Vanguard into Personal

I moved my existing investment with Vanguard into Personal Investor?The investment fees you pay for your existing Vanguard managed fund investments will not change if you transfer those investments to Vanguard Personal Investor. Vanguard Personal Investor does not charge an Account Fee on

Personal Investor does not charge an Account Fee on Vanguard managed funds, Vanguard ETFs or cash held in a Vanguard Cash Account. I don't have the option to sell my investments online. How can I do this?To be able to sell your investments online, the signing authority on your Vanguard account needs

the signing authority on your Vanguard account needs to be ‘any account holder to sign’ or where you have nominated an accountholder to act on your behalf. For persons who are not eligible accountholders, such as those acting on Powers of Attorney or Authorised Representatives of an eligible

of Attorney or Authorised Representatives of an eligible accountholder, you can continue to provide us with instructions (such as investment and withdrawal) by using the Vanguard standard forms available on our website and sending them to us via post or to the dedicated email

and sending them to us via post or to the dedicated email address thirdpartycontact@vanguard.com.au. Note: This email address will be available from the 19 October 2020. If you want to change the signing authority on your account, you’ll need to complete the ‘Change of account signing

you’ll need to complete the ‘Change of account signing authority’ form. Changing the authority to ‘any to sign’ means all listed account holders have the authority to act on the account if they have Vanguard Online access. If you do not wish to change the signing authority on your account, to sell

to change the signing authority on your account, to sell your investments you’ll need to complete the ‘Withdrawal' form and return it to us via: Secure message from the ‘Message us’ section within Vanguard Online; or Post. As an existing Vanguard client, how do I open a Personal Investor account

Vanguard client, how do I open a Personal Investor account to buy ETFs?To open a Vanguard Personal Investor Account, simply visit www.vanguard.com.au/personal/onboarding and follow the steps. To be eligible to open an account, you must: Be 18 years or older. Be an Australian resident. Be an

must: Be 18 years or older. Be an Australian resident. Be an Australian tax resident Have an Australian residential address Have an Australian bank account. Have an Australian mobile number that will be used for ongoing security authentication. What is the difference between Vanguard Online

What is the difference between Vanguard Online and a Vanguard Personal Investor Account?If you have a Vanguard Personal Investor Account or are a direct managed funds investor, you can manage your investments via Vanguard Online. Vanguard Online allows you to: View your transactions Access

Online allows you to: View your transactions Access your statements online Update your personal and account details Contact us anytime and send us instructions quickly via 'Message us' Vanguard Personal Investor is an online Investor Directed Portfolio Service, offering low-cost

Investor Directed Portfolio Service, offering low-cost investment access to a range of Vanguard managed funds, Vanguard Australian-listed funds (ETFs), and ASX-listed shares. It is currently available to individuals and self-managed superannuation funds account types, and enables

superannuation funds account types, and enables investors to build a diversified portfolio, buy and sell holdings securely, receive distributions, and earn a competitive interest rate return via a linked Vanguard Cash Account. To find out more, visit Vanguard Personal Investor. Why do I

find out more, visit Vanguard Personal Investor. Why do I need to provide ID to register for Vanguard Online?The security of your account is our priority. Therefore, to keep your account secure and to ensure we have your most up-to-date details, you may be asked to provide additional

up-to-date details, you may be asked to provide additional identification when you register for the new Vanguard Online. I live overseas. Do I need an Australian mobile number to access my online account?We accept mobile numbers from a number of other countries in addition to Australian mobile

number of other countries in addition to Australian mobile phone numbers to register and access the new Vanguard Online. A list of the countries we can support can be viewed below. Keeping your account secure is our priority. With the new Vanguard Online, we’ve introduced two-factor

With the new Vanguard Online, we’ve introduced two-factor authentication (2FA) as an extra layer of security to protect your account. We’ll send a security verification code to your mobile phone number to verify your online activities for example, when you request to sell your investments.

for example, when you request to sell your investments. List of supported countries Austria Canada Chile Colombia Czech Republic Denmark Estonia France Germany Hong Kong Hungary Ireland Italy Japan Korea, Republic of Malaysia Mongolia Netherlands New Zealand Norway Poland Portugal Qatar

Netherlands New Zealand Norway Poland Portugal Qatar Samoa Singapore South Africa Sweden Switzerland Taiwan Thailand United Arab Emirates United Kingdom United States Vietnam Why do I have a new Investor Number and Account Number?To better service and manage your investments with us, as part

better service and manage your investments with us, as part of the fund administrator change for our personal investors to FNZ Australia Pty Ltd on 16 October 2020, the following changes were made: Investor number: we've issued you with a new Investor number. This number can be found when you log

a new Investor number. This number can be found when you log in to Vanguard Online > Settings Account number: we've changed your previous Investor number to become your Account number without the capital 'V.' You can also view your Account number when you log in to Vanguard Online. If I withdraw the

number when you log in to Vanguard Online. If I withdraw the full value of my investment in a Vanguard managed fund, can I make another investment in that same fund?If you withdraw the full value of your holding in a fund, your account relating to that fund will be closed and you will not be able to

to that fund will be closed and you will not be able to reapply for new units in that same fund directly. Where available, you may access the fund indirectly by investing through Vanguard Personal Investor, a master trust, wrap platform or through a nominee or custody service. More about

or through a nominee or custody service. More about VanguardContact us Security and fraud Accessibility FAQs Forms and notices PDS and offer documents Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10

our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal support frequently asked questions fees and costs.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run

Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsFrequently Asked QuestionsFees and costsWill I pay tax on distributions?We are not licensed to provide tax

pay tax on distributions?We are not licensed to provide tax advice, and tax outcomes will vary depending on your personal tax situation. You should consult your tax adviser. Taxation on income Investments in your Vanguard Personal Investor Account can derive income, such as distributions from

Account can derive income, such as distributions from managed funds and ETFs and dividends from shares. As you remain the beneficial owner of the investments in your account, the income tax consequences of investing should generally be the same as if you held the investments directly.

be the same as if you held the investments directly. Generally, income received from investments in managed funds and ETFs held by you in your Vanguard Personal Investor Account will form part of your assessable income, including any franking credits and/or foreign income tax offsets. This is

credits and/or foreign income tax offsets. This is the case regardless whether the money is actually paid to your Vanguard Cash Account or reinvested. Franking credits Your income derived from investments may include franking credits attached to franked dividends in respect of Australian

attached to franked dividends in respect of Australian shares. Subject to relevant qualification requirements (including a 45-day holding period) these franking credits will need to be included in your taxable income and, depending on your particular circumstances, may be available to

on your particular circumstances, may be available to offset your tax liability. You may also be entitled to a refund if the franking credits exceed your total income tax liability. Foreign income Income received from sources outside Australia may be subject to tax in the country of source.

Australia may be subject to tax in the country of source. Australian tax resident investors may be entitled to claim a foreign income tax offset against their Australian tax liability in respect of this tax. What is the Account Fee on the Vanguard Personal Investor Account?A 0.10% per annum

the Vanguard Personal Investor Account?A 0.10% per annum Account Fee only applies to the value of holdings in ASX direct shares held within a Vanguard Personal Account. No Account Fee is levied on Vanguard managed funds, Vanguard ETFs or cash held with a Vanguard Cash Account*. The Account Fee is

cash held with a Vanguard Cash Account*. The Account Fee is calculated daily and deducted quarterly in arrears from your Vanguard Cash Account. Vanguard Personal Investor Accounts holding ASX direct shares that are opened or closed part-way through a quarter will be charged the Account Fee on a

through a quarter will be charged the Account Fee on a pro-rata basis. An Indirect Cash Management Fee ranging between 0.00% and 1.50% p.a. applies. Learn more What is the brokerage fee?Vanguard Personal Investor charges no brokerage fee on Vanguard ETF purchases. A $9 flat brokerage fee applies

on Vanguard ETF purchases. A $9 flat brokerage fee applies to Vanguard ETF sales only, and on all buy or sell ASX direct share trades. Vanguard pays for third-party trading services from its own funds, including broking services, ASX data and settlement costs. What is an investment management

and settlement costs. What is an investment management fee?Managed funds and ETFs are managed and operated by fund managers who charge fees and other costs for the management and administration of those products. The investment returns of each product are net of fees and other costs. For further

of each product are net of fees and other costs. For further information regarding the fees and other costs for each fund, refer to the Product Disclosure Statement or other disclosure document for the relevant managed fund or ETF. Is there an account keeping fee for my Vanguard Cash Account?No

an account keeping fee for my Vanguard Cash Account?No Account Fee is charged on any cash held in your Vanguard Cash Account.  An Indirect Cash Management Fee ranging between 0.00% and 1.50% p.a. applies. Learn more Where can I find details about the fees I have paid on my account?You can view

details about the fees I have paid on my account?You can view details of the fees paid when you log into Vanguard Online and select 'Cash'. This information also can be found on your Vanguard Personal Investor quarterly and annual statements. Why do different managed funds have different fees?The

Why do different managed funds have different fees?The types of fees you may pay when investing in managed funds are outlined below. Not all funds charge all of these fees, so check the product disclosure statement for information on fees before you invest. For example, Vanguard does not charge

before you invest. For example, Vanguard does not charge entry or exit fees, contribution or switching fees (apart from the usual buy/sell spreads that apply to all transactions) and does not pay commissions to advisers. Entry or establishment fees A fee for opening your account. This can be up

fees A fee for opening your account. This can be up to 5% of your initial investment. Contribution fee For initial and subsequent investments you make. Withdrawal fee A fee for withdrawals you make from the fund. Exit or termination fees A fee for closing your account. Sometimes this fee

fees A fee for closing your account. Sometimes this fee applies if you close your account within a specific timeframe. Ongoing fees Charged by all funds, this fee covers investment management, the administration costs of running a fund, such as accounting, legal and audit fees, fund

a fund, such as accounting, legal and audit fees, fund documentation and investment costs. It excludes transaction costs covered in the buy/sell spread. Switching fees A fee for switching between funds or investment options. Adviser service fee or trailing commission A fee charged by your

service fee or trailing commission A fee charged by your adviser for advice about your investments in the fund. An adviser may also receive other amounts as commission. Buy/sell spread While not officially a fee, the buy/sell spread is the difference between the buy and sell unit prices of the

is the difference between the buy and sell unit prices of the fund. It reflects the transaction costs a fund incurs when buying and selling assets such as brokerage, custody costs, government taxes and bank charges.   Master trusts and platforms Master trusts or wrap account platforms can charge

trusts or wrap account platforms can charge additional administrative fees on top of the investment option fees. What is the difference between a managed fund and an ETF?Vanguard exchange traded funds (ETFs) and managed funds generally provide access to the same underlying asset class. For

provide access to the same underlying asset class. For example, the Vanguard Australian Shares Index ETF and the Vanguard Australian Shares Index Fund own the same underlying assets. The difference between the two is that a managed fund is not listed on a stock exchange, whereas an ETF is and

fund is not listed on a stock exchange, whereas an ETF is and thereby enables greater trading flexibility, liquidity and intraday pricing. Your choice will come down to which type of investment vehicle best suits you. You can learn more about managed funds and ETFs in the Learn section of the

about managed funds and ETFs in the Learn section of the Vanguard website. Are there any exit fees?No. There are currently no exit fees or early withdrawal fees. What are buy/sell spreads?Unlisted managed funds may charge investors an estimate of the transaction costs that the fund will incur

estimate of the transaction costs that the fund will incur to buy or sell its underlying assets. This buy/sell spread is incorporated into the price paid to purchase or sell units and the amount of the spread accrues to the fund and reflects the difference between the buy and sell unit prices of the

the difference between the buy and sell unit prices of the fund. It reflects the transaction costs a fund incurs when buying and selling assets such as brokerage, custody costs, government taxes and bank charges. For further information regarding the fees and other costs for each managed fund,

regarding the fees and other costs for each managed fund, refer to the PDS or other disclosure document for the relevant managed fund or ETF. Can I claim franking credits?Your income derived from investments may include franking credits attached to franked dividends in respect of Australian

on your particular circumstances, may be available to offset your tax liability. You may also be entitled to a refund if the franking credits exceed your total income tax liability. Please consult your tax adviser. More about VanguardContact us Security and fraud Accessibility FAQs Forms and

us Security and fraud Accessibility FAQs Forms and notices PDS and offer documents Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with

to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal support frequently asked questions investing.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments

logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsFrequently Asked QuestionsInvestingHow can I invest (buy)?If you are investing using a Vanguard Personal Investor Account: Log in to Vanguard Online

Personal Investor Account: Log in to Vanguard Online with your username and password. Select 'Products' from the left-hand menu. Select 'Vanguard products' or 'Shares'. Select the investment product and follow the instructions to complete the buy transaction. If you do not have a Vanguard

complete the buy transaction. If you do not have a Vanguard Personal Investor Account, you can only invest in the managed funds you currently hold: Log in to Vanguard Online with your username and password. Select 'Portfolio' from the left-hand menu. Select 'Invest' and follow the instructions

menu. Select 'Invest' and follow the instructions to complete the buy transaction via BPAY. Please note that, if you fully redeem your investment in an existing Vanguard managed fund, you can no longer invest in that same fund directly through Vanguard. How can I sell? Log in to Vanguard Online

through Vanguard. How can I sell? Log in to Vanguard Online with your username and password. Select 'Portfolio' from the left hand menu. Select 'Sell' on the investment product and follow the instructions to complete the transaction. Is there a minimum buy?Vanguard managed funds A minimum

Is there a minimum buy?Vanguard managed funds A minimum purchase amount of $500 applies to the initial purchase of any managed fund. There is no minimum investment amount when you are adding to an existing managed fund that you already hold. Vanguard ETFs and listed shares A minimum purchase

hold. Vanguard ETFs and listed shares A minimum purchase amount of $500 applies to all Australian listed Vanguard ETFs and ASX listed shares. (A $9 flat brokerage fee applies to Vanguard ETF sale trades only, and on all buy or sell ASX direct share trades). How can I deposit cash?All deposits are

share trades). How can I deposit cash?All deposits are received through your Vanguard Cash Account. You can deposit money into your Vanguard Cash Account by: Direct debit through a linked Australian bank account. Via BPAY®. You can find the Biller Code and Customer Registration Number when you

the Biller Code and Customer Registration Number when you log into Vanguard Online. Select 'Cash' and then 'Deposit with BPAY'. Direct credit from your bank account using your Vanguard Cash Account's BSB and account number. Note: PayID is currently not available for the Vanguard Cash Account.

is currently not available for the Vanguard Cash Account. What is the difference between total cash and available cash?Total cash Your total cash reflects the cash portion of your portfolio value. It includes cash from completed trades, deposits and withdrawals but excludes any pending cash

deposits and withdrawals but excludes any pending cash transactions. Available cash Your available cash is the cash available for trading or withdrawals. Cash resulting from sell proceeds or deposits can take up to 3 business days to settle before it is available for use. Why is my trade listed as

before it is available for use. Why is my trade listed as "pending"?Listed security and ETF trades will appear as pending until they are executed on the market. Orders to buy or sell ETFs or shares will generally settle within two business days after they have been executed. Managed fund buy

days after they have been executed. Managed fund buy transactions will appear as pending until the managed fund's price and units are confirmed (generally trade date plus 1 business day). Trades made prior to 1pm (AET) will be processed that day and trades made after 1pm (AET) will be processed the

day and trades made after 1pm (AET) will be processed the next business day. Managed fund sell transactions will appear as pending until the proceeds are received from the fund manager. The timeframe for payment will depend on the fund you are selling. Please refer to the relevant fund PDS or

you are selling. Please refer to the relevant fund PDS or disclosure document for withdrawal timeframes. Sell trades may be delayed where the fund is closed or otherwise unavailable for investment. Do you have socially conscious managed funds?Yes. Please refer to our Investment menu for a

funds?Yes. Please refer to our Investment menu for a full list of investment options. Learn more about our Environmental/social investment stewardship. How is investment income paid?Distributions from managed funds You may receive regular distribution payments from a managed fund,

regular distribution payments from a managed fund, based on the income it receives from its underlying investments. If allowable by the fund manager, these distributions will be automatically reinvested into additional units of the same managed fund. If you wish to have these distributions

same managed fund. If you wish to have these distributions paid to your Vanguard Cash Account, please contact us directly to arrange this. Distributions from ETFs and dividends from shares You may receive regular distribution payments from the ETFs you hold, or dividends from shareholdings.

from the ETFs you hold, or dividends from shareholdings. These will be paid to your Vanguard Cash Account. When do your managed funds pay distributions?Different managed funds distribute income at different times. You can find full information about income payment dates on the 'Price and

information about income payment dates on the 'Price and Distributions' tab of each managed fund's detail page or in the relevant PDS. What is the default investment income payment method for my investment product?Distributions from managed funds Any distribution you receive from a managed

managed funds Any distribution you receive from a managed fund will automatically be reinvested in further units of the same fund, if allowable by the fund and subject to you providing Vanguard with your Tax File Number or tax exemption. Please contact us via secure message if you would prefer to

Please contact us via secure message if you would prefer to have these distributions paid to your Vanguard Cash Account. Dividends and distributions from ETFs and shares Dividend payments received from the shares you hold or distribution payments received from the ETFs you hold, will be paid

payments received from the ETFs you hold, will be paid into your Vanguard Cash Account. We are working towards offering the ability to reinvest these payments. What managed funds do you offer?Please refer to our Investment menu for a full list of investment options. How do I buy and sell managed

list of investment options. How do I buy and sell managed funds?With a Vanguard Personal Investor Account, you can buy or sell managed funds via Vanguard Online. Purchases or sales of managed fund units are subject to the terms and conditions of the relevant managed fund. Product disclosure

of the relevant managed fund. Product disclosure statements for every managed fund available can be viewed on the PDS and offer documents page on the Vanguard website. Please take the time to review and understand the investment options you select. The proceeds of any sale of managed funds

you select. The proceeds of any sale of managed funds will be deposited into your Vanguard Cash Account. Can I transact (buy and sell) over the phone?All transactions through a Vanguard Personal Investor Account can only be completed online. Is there a cut-off time for transacting (buying and

online. Is there a cut-off time for transacting (buying and selling)?Managed funds Orders for managed fund units will be processed on the same day if received by 1pm AET. Orders received after 1pm AET, will be processed the next business day. ETFs and ASX shares Exchange traded funds and ASX shares

ETFs and ASX shares Exchange traded funds and ASX shares can be bought or sold during normal ASX trading hours, from Monday to Friday, 10am to 4pm (AET). Can I use a debit card or credit card to invest?No, we do not accept investments via debit or credit cards. To invest, you'll first need to deposit

or credit cards. To invest, you'll first need to deposit cash into your Vanguard Cash Account by: Direct debit through a linked Australian bank account. Via BPAY®. You can find the Biller Code and Customer Registration Number when you log into Vanguard Online. Select 'Cash' and then 'Deposit with

into Vanguard Online. Select 'Cash' and then 'Deposit with BPAY'. Direct credit from your bank account using your Vanguard Cash Account’s BSB and account number. Note: PayID is currently not available for the Vanguard Cash Account. Can I set up a regular withdrawal?Regular withdrawal is

Can I set up a regular withdrawal?Regular withdrawal is currently not available. Do I need to keep a minimum balance in my funds?A minimum purchase amount of $500 applies to the initial purchase of any managed fund. If you are adding to an existing fund you already hold, there is no minimum

to an existing fund you already hold, there is no minimum investment amount. There is no ongoing minimum holding that must be maintained for managed funds. Do I need to keep a minimum balance in the Vanguard Cash Account?No. There is no minimum balance for your Vanguard Cash Account. You need to make

balance for your Vanguard Cash Account. You need to make sure there's enough money in your Vanguard Cash Account to cover investment transactions and the 0.10% per annum Account Fee if you hold any ASX direct shares. This is calculated daily and deducted quarterly in arrears. Can you provide me

daily and deducted quarterly in arrears. Can you provide me with financial advice?No. Vanguard is not licensed to provide personal financial advice. However, if you would like to receive financial advice before making an investment decision, you can use the government-run website Money

decision, you can use the government-run website Money Smart to find an adviser. Is my account managed from the US?No. This is an Australian service and your Vanguard Personal Investment Account is managed by Vanguard in Australia. Vanguard has been operating in the Australian market since

Vanguard has been operating in the Australian market since 1996. You can read more about us in the About Vanguard section of the website. What is the Vanguard Cash Account?A Vanguard Personal Investor Account includes a Vanguard Cash Account used for the buying and selling of investments.

Account used for the buying and selling of investments. Money held in your Vanguard Cash Account earns a competitive interest rate. Learn more about Vanguard's interest rate. What is a linked bank account?You can link your Australian bank account to your Vanguard Cash Account. It can then be

bank account to your Vanguard Cash Account. It can then be used to send funds to, and receive funds from, your Vanguard Cash Account. Is there a minimum transfer amount into/out of the Vanguard Cash Account?There is no minimum for Direct Credit or Direct Debit. If you are using BPAY® to transfer into

or Direct Debit. If you are using BPAY® to transfer into your Vanguard Cash Account, a minimum transaction amount of $10 applies to all BPAY® transactions. Which investment products are available through the new Vanguard Personal Investor Account?For a full listing of available investments

Account?For a full listing of available investments please refer to the Vanguard Personal Investor Investment Menu. How can I invest in Vanguard international ETFs that are cross-listed on the ASX, such as VEU and VTS?The ability to invest in international Vanguard ETFs that are cross-listed

in international Vanguard ETFs that are cross-listed on the ASX, such as VEU (Vanguard All-World ex-US Shares Index ETF) and VTS (Vanguard US Total Market Shares Index ETF), is currently not available on Vanguard Personal Investor. However you can easily invest in all cross-listed Vanguard

However you can easily invest in all cross-listed Vanguard ETFs on the ASX directly using an online brokerage account. Who manages Vanguard's managed funds?The Product Disclosure Statement (PDS) of each managed fund will set out the responsible entity and investment manager of the fund.

the responsible entity and investment manager of the fund. Vanguard is the responsible entity of Vanguard managed funds and may also be the investment manager for the fund. In some cases, Vanguard has appointed other entities, within and outside the Vanguard group to provide investment

and outside the Vanguard group to provide investment management services as set out in the PDS for the fund. Access detailed information on all Vanguard products at Product Disclosure Statements and offer documents. How will I receive my distributions or dividends?If you hold investments

my distributions or dividends?If you hold investments paying distributions or dividends, you'll receive either additional units or cash. Prior to payments being made*, to reflect the current value of your portfolio, any amounts due will appear as 'Pending distributions and / or dividends

will appear as 'Pending distributions and / or dividends payable' within your 'My portfolio'. The amount within 'Pending distributions and / or dividends payable' will update as payments are made in line with declared payment dates**. For managed funds, based on your payment choices: Unit

For managed funds, based on your payment choices: Unit (Distribution Reinvestment Program) payments will appear in your 'Transaction history'. Go to your 'My portfolio' for an updated view of your holdings. Cash payments will be paid to your Vanguard Cash Account or personal linked bank

paid to your Vanguard Cash Account or personal linked bank account if you are a direct investor. For ETFs and ASX shares, distributions or dividends can only be paid in cash to your Vanguard Cash Account. * Managed fund and ETF distribution details can be found by searching for the fund. **Managed

details can be found by searching for the fund. **Managed fund distribution 'key dates for quarter end' are available within our Forms and notices section under Investor notices. For specific ETF and shares payment dates, please visit the ASX website and search under the relevant product or

the ASX website and search under the relevant product or company ticker code. When will my distribution statement be available?Your distribution statement will be available in 'Statements' within Vanguard Online as per the 'key dates for quarter end' in the Forms and notices section of our

for quarter end' in the Forms and notices section of our website under Investor notices. Where can I find historical managed fund distribution information?Historical distribution information including re-investment prices and cents per unit (CPU) can be found by selecting a product from

cents per unit (CPU) can be found by selecting a product from the Product page on our website and navigating to the 'Prices and distributions' tab. More about VanguardContact us Security and fraud Accessibility FAQs Forms and notices PDS and offer documents Join 30 million others worldwide

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal support frequently asked questions investment

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Are ViewingInvestmentsFrequently Asked QuestionsInvestment basicsWhat is a managed fund?A managed fund is where your money is pooled together with other investors. Instead of owning the investments yourself, like when you buy shares directly, the fund owns the underlying investments and

directly, the fund owns the underlying investments and an investment manager buys and sells the assets on your behalf. Investing in a managed fund allows you to diversify your investment portfolio for a relatively small initial outlay. When you invest in a managed fund you are buying units in that

When you invest in a managed fund you are buying units in that fund. To learn more, read about managed funds. What is an ETF?An exchange traded fund (ETF) is a managed fund that you buy and sell on the stock exchange. ETFs come in different shapes and sizes—shares or bonds, domestic or international,

and sizes—shares or bonds, domestic or international, small cap or large cap, hedged or unhedged. They can also be sector specific products such as property, commodities (such as gold and oil) and banks. There are also diversified ETFs that offer low-cost access to thousands of securities

ETFs that offer low-cost access to thousands of securities across a wide variety of asset classes in a single trade. To learn more, read about exchange traded funds (ETFs). What is the difference between a managed fund and an ETF?Vanguard exchange traded funds (ETFs) and managed funds generally

exchange traded funds (ETFs) and managed funds generally provide access to the same underlying asset class. For example, the Vanguard Australian Shares Index ETF and the Vanguard Australian Shares Index Fund own the same underlying assets. The difference between the two is that a managed fund

The difference between the two is that a managed fund is not listed on a stock exchange, whereas an ETF is and thereby enables greater trading flexibility, liquidity and intraday pricing. Your choice will come down to which type of investment vehicle best suits you. You can learn more about managed

vehicle best suits you. You can learn more about managed funds and ETFs in the Learn section of the Vanguard website. What is an index fund?Index funds are a way of gaining exposure to an entire investment market. Most investment markets have an index that measures their value over time. There is

have an index that measures their value over time. There is an index that covers almost every industry sector and asset class, including Australian and international shares, property, bonds and cash. For example, the Vanguard Australian Shares Index Fund tracks the S&P/ASX300 index, which

Shares Index Fund tracks the S&P/ASX300 index, which contains the top 300 companies listed on the ASX. Index funds offer two distinct advantages: Investing in all or a representation of securities in a market index can maximise diversification and reduce risk. Buying and holding securities

and reduce risk. Buying and holding securities over the long term reduces volatility and investment costs (including tax) and can lead to better returns in the long run. What is an active fund?Active fund managers usually try to outperform the market index by choosing a selection of securities

the market index by choosing a selection of securities they believe will collectively exceed the returns from a benchmark index. They tend to hold fewer securities than index funds. Traditionally, they also tend to charge higher fees as they have higher costs due to the need for research analysts

they have higher costs due to the need for research analysts as well as transaction costs from trading securities more often. The Vanguard difference At Vanguard, we offer both index funds and low-cost active funds. Our approach to both index and active management is always shaped by our low-cost

and active management is always shaped by our low-cost high-quality investment philosophy that we believe delivers the best long-term value for our investors. What is an IDPS?An IDPS is an 'Investor Directed Portfolio Service', which is an online service where an investor can access a variety

is an online service where an investor can access a variety of investment instruments all under one account. You can read more in the Vanguard Personal Investor Part A – Investor Guide and the Vanguard Personal Investor Part B – Statement of Additional Information. What are corporate

of Additional Information. What are corporate actions?A corporate action is any activity initiated by a company, or one that is initiated externally, that has a material impact on its listed shares. Corporate actions include activities such as dividend payments made to shareholders, capital

such as dividend payments made to shareholders, capital raisings, and takeover offers. More about VanguardContact us Security and fraud Accessibility FAQs Forms and notices PDS and offer documents Join 30 million others worldwide investing in their futureOpening a Vanguard Personal

Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal support frequently asked questions joint accounts.    |

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Are ViewingInvestmentsFrequently Asked QuestionsJoint accountsCan I convert my individual account to a joint account?No. Joint accounts are separate to individual accounts. You will need to create a new account covering both account holders. Investment holdings held in individual names

holders. Investment holdings held in individual names cannot be transferred to joint accounts. How many investors can a joint account contain?Vanguard Personal Investor joint accounts are limited to two individuals. More about VanguardContact us Security and fraud Accessibility FAQs

to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal support frequently asked questions kids accounts.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments

logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsFrequently Asked QuestionsKids accountsCan a child open an account on their own?No. The Vanguard Personal Investor Kids Account can only be opened by an

Personal Investor Kids Account can only be opened by an adult (parent or guardian) for the benefit of a child (under 18).  To open a Personal Investor Kids Account, you will need to have your own eligible Personal Investor Account first so that you can have access and full responsibility of the minor

you can have access and full responsibility of the minor account. Once you have opened a Personal Investor Kids Account, you will be able to access the Personal Investor Kids Account by logging into your own Vanguard Online login. The new Personal Investor Kids Account will be opened with your

new Personal Investor Kids Account will be opened with your existing individual details and credentials, in addition to the details of your child. That is, it will be opened in your individual name with a designation referring to the child (e.g. John Smith A/C Jake Smith). Please note: To open a

(e.g. John Smith A/C Jake Smith). Please note: To open a Personal Investor Kids Account, you will need to have an existing eligible Vanguard Personal Investor Account and have access to Vanguard Online. An eligible Vanguard Personal Investor Account includes Individual, Joint, Trust and

Investor Account includes Individual, Joint, Trust and Company account types. The Personal Investor Kids Account is a separate account to your existing Vanguard Personal Investor Account. If you have an existing eligible account and decide to open a Personal Investor Kids Account, the

and decide to open a Personal Investor Kids Account, the account will be opened in your name based on your individual details and credentials (not in the name of any other individuals on your existing Joint, Trust or Company account). If your existing Vanguard Personal Investor Account is a

If your existing Vanguard Personal Investor Account is a self-managed superannuation (SMSF) account, you will need to open a new eligible Vanguard Personal Investor Account to be able to open a Personal Investor Kids Account. See eligible account type above. If you do not have an existing

eligible account type above. If you do not have an existing Personal Investor Account, opening one usually takes less than 10 minutes. Open an account now.   What account type is a Personal Investor Kids Account?A Personal Investor Kids Account is an investment account opened and operated by an

Account is an investment account opened and operated by an individual adult for a child (under 18). The account is operated by and in the name of the individual adult with a designation referring to the child (e.g. John Smith A/C Jake Smith). This is a common way to describe this type of account type.

This is a common way to describe this type of account type. Within the market for these types of products there are references to as the adult acting “as trustee for” the child “as beneficiary” (although these terms do not necessarily mean there is a legal or formal trust relationship in place).

there is a legal or formal trust relationship in place).  What’s involved in setting up Auto Invest for a Personal Investor Kids Account?As part of opening a Personal Investor Kids Account, you will need to set up Auto Invest to make regular investment contributions from a linked bank account.

investment contributions from a linked bank account. When you open the account you will be prompted to choose to Auto Invest a minimum amount of $25 either fortnightly, monthly, or quarterly. If your circumstances change, you can modify, pause or resume your Auto Invest plan, or sell your

modify, pause or resume your Auto Invest plan, or sell your investments at any time. Please see our Vanguard Personal Investor Kids Account for more information. Are there any tax implications?As each investor’s circumstances are different and the Australian tax rules applying to children

and the Australian tax rules applying to children under age 18 are not straight forward, we recommend you seek professional taxation and/or financial advice before opening a Personal Investor Kids Account. Vanguard is not a registered tax agent and cannot provide any taxation advice. When you

tax agent and cannot provide any taxation advice. When you open a Personal Investor Kids Account, your individual Tax File Number (TFN) will be applied to the minor account if you have supplied this to us previously. If you haven’t provided us with your individual tax details and would like for this

us with your individual tax details and would like for this to be applied to your Personal Investor Kids Account, please complete and submit the Tax File Notification form available on our website.  Please note: while you are not required to provide your TFN, you may need to lodge an annual tax

to provide your TFN, you may need to lodge an annual tax return for your child.  There are special tax rules which can apply to investment income earned by children. General information from the Australian Taxation Office (ATO) on children’s investments can be accessed at: Children's share

investments can be accessed at: Children's share investments | Australian Taxation Office (ato.gov.au). Is there a separate annual tax statement for a Personal Investor Kids Account?Yes. Vanguard will issue a separate annual tax statement for the child’s account to assist with annual tax

statement for the child’s account to assist with annual tax return preparations. Some of the tax information contained in the annual tax statement is also reported to the Australian Taxation Office. What happens when the child turns 18?When a child turns 18, they are legally classified as an

18?When a child turns 18, they are legally classified as an adult and may be eligible to open their own Vanguard Personal Investor Account and have full responsibility for their own investments. Any time after the child turns 18, you  (i.e the parent or guardian) can initiate the transfer of the

the parent or guardian) can initiate the transfer of the investments by filling out a transfer of investments form.   What investment choices are available in the Vanguard Personal Investor Kids Account?Personal Investor Kids Account offers access to Vanguard’s four ready-made diversified

offers access to Vanguard’s four ready-made diversified managed fund portfolios. We have designed the Personal Investor Kids Account to make investing simple through these investment options as we believe in the importance of diversification. Each diversified portfolio has a

of diversification. Each diversified portfolio has a professionally designed mix of investments that allows you to invest in thousands of Australian and international shares and fixed interest securities through a single investment. In addition, you can select an option that aligns with

In addition, you can select an option that aligns with your risk profile. Select from our High Growth, Growth, Balanced or Conservative fund products. Learn more. Why are Vanguard ETFs not available for the Vanguard Personal Investor Kids Account?The managed funds available through the

Kids Account?The managed funds available through the Vanguard Personal Investor Kids Account, offer the same diversification and investment exposure as their equivalent ETF versions.  Managed funds have the added flexibility of allowing you to buy units in fractions, so for every dollar

allowing you to buy units in fractions, so for every dollar amount you invest the full amount gets invested. Buying units in fractions allows you to invest smaller amounts regularly. With a Personal Investor Kids Account the minimum investment amount is $25, based on the frequency you select,

amount is $25, based on the frequency you select, which can be invested either fortnightly, monthly or quarterly. In addition, there is no minimum amount for one-off investment contributions. This makes it easy for you to invest for one or multiple children.   We are also committed to improving

or multiple children.   We are also committed to improving your overall investing experience and will continue to evolve our Personal Investor Kids Account offer based on your feedback.  What fees are involved with a Vanguard Personal Investor Kids Account?There are no account fees or

Investor Kids Account?There are no account fees or brokerage fees on Personal Investor Kids Accounts. Management fees and cost apply on our ready-made diversified managed funds. Learn more. Can I change my mind after opening a Vanguard Personal Investor Kids Account?Yes. You can cancel your

Personal Investor Kids Account?Yes. You can cancel your Auto Invest plan and sell your investment holdings at any time by logging into Vanguard Online. The proceeds will be transferred to your linked bank account. How do I close a Vanguard Personal Investor Kids Account?Once you login into

Personal Investor Kids Account?Once you login into Vanguard Online you can send us a secure message instructing us to close your account. Please ensure you have no investment holdings in your account or pending fund distributions. Can I make a one-off investment into a Vanguard Personal

Can I make a one-off investment into a Vanguard Personal Investor Kids Account? Yes. You are able to make one-off investment contributions into a Vanguard Personal Investor Kids Account by authorising us to direct debit your linked bank account through Vanguard Online. For more information,

account through Vanguard Online. For more information, please log in to Vanguard Online and navigate to your Personal Investor Kids Account.  What happens to my Vanguard Personal Investor Kids Account if I die?Your money will remain invested and the investments and any cash will then form part

and the investments and any cash will then form part of your estate.  Can I transfer my own investments into my Vanguard Personal Investor Kids Account?No. Currently, you would need to sell your individual investments and deposit the proceeds as a one-off contribution. There are capital gains

as a one-off contribution. There are capital gains tax  implications which apply from the disposal of your investments.  We recommend you seek professional taxation and/or financial advice before initiating any transactions. We are working towards providing you with the option to transfer

working towards providing you with the option to transfer your own investments into the Vanguard Personal Investor Kids Account in 2023.  How many Vanguard Personal Investor Kids Accounts can I set up?You can open additional Vanguard Personal Investor Kids Accounts for multiple children.

Personal Investor Kids Accounts for multiple children.  What information do I need to set up a Vanguard Personal Investor Kids Account?You will need to provide the following to open a Vanguard Personal Investor Kids Account. The child’s name The child’s date of birth The child’s residential

name The child’s date of birth The child’s residential address An Australian bank account to link to your Vanguard account. What happens if I have insufficient bank funds to complete my regular Auto Invest?If you don't have enough money in your linked bank account at the time your next Auto Invest

in your linked bank account at the time your next Auto Invest direct debit is due, your deduction may be dishonoured by your bank and your Auto Invest will be paused. We will notify you by email if this occurs so you can resume your Auto Invest once you have sufficient funds. Your bank may charge you a

once you have sufficient funds. Your bank may charge you a dishonour fee. Can I set up a Vanguard Personal Investor Kids Account for a child where I am not a parent/guardian? Yes. Any adult can set up a Vanguard Personal Investor Kids Account on behalf of a child under 18 years old. To open a Personal

on behalf of a child under 18 years old. To open a Personal Investor Kids Account, you will need to have your own eligible Personal Investor Account first so that you can have access and full responsibility of the minor account. Once you have opened a Personal Investor Kids Account, you will be able to

opened a Personal Investor Kids Account, you will be able to access the Personal Investor Kids Account by logging into your own Vanguard Online login. The new Personal Investor Kids Account will be opened with your existing individual details and credentials, in addition to the details of your

details and credentials, in addition to the details of your child. That is, it will be opened in your individual name with a designation referring to the child (e.g. John Smith A/C Jake Smith).   Please note: To open a Personal Investor Kids Account, you will need to have an existing eligible

Kids Account, you will need to have an existing eligible Vanguard Personal Investor Account and have access to Vanguard Online. An eligible Vanguard Personal Investor Account includes Individual, Joint, Trust and Company account type. The Personal Investor Kids Account is a separate account

The Personal Investor Kids Account is a separate account to your existing Vanguard Personal Investor Account. If you have an existing eligible account and decide to open a Personal Investor Kids Account, the account will be opened in your name based on your individual details and credentials

your name based on your individual details and credentials (not in the name of any other individuals on your existing Joint, Trust or Company account). If your existing Vanguard Personal Investor Account is a self-managed superannuation (SMSF) account, you will need to open a new eligible

(SMSF) account, you will need to open a new eligible Vanguard Personal Investor Account to be able to open a minor account. See eligible account type above. Will statements be issued under my name for the Vanguard Personal Investor Kids Account?Yes. Statements will be issued in your individual

Account?Yes. Statements will be issued in your individual name as the accountholder with a designation referring to the child (e.g. John Smith A/C Jake Smith).  Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're different Our team Our awards Our

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal support frequently asked questions mobile app.    |

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Are ViewingInvestmentsFrequently Asked QuestionsMobile appDoes Vanguard have a mobile app?Yes, the Vanguard app is available to all Personal Investor clients and can be downloaded on iOS devices via the App Store and for Android devices on the Google Play Store. More about

for Android devices on the Google Play Store. More about VanguardContact us Security and fraud Accessibility FAQs Forms and notices PDS and offer documents Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than

our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal support frequently asked questions my account.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this

Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsFrequently Asked QuestionsMy accountHow do I open a Vanguard Personal Investor Account?You can apply via

a Vanguard Personal Investor Account?You can apply via our website. You will need to: Consent to our Privacy Policy Provide name and an email address Provide an Australian mobile number for ongoing verification purposes. Set-up a username and password for online access to Vanguard Online.

and password for online access to Vanguard Online. Accept our Vanguard Personal Investor terms and conditions. You'll also need to provide some personal details and may need to verify your identity using your driver's licence, passport or Medicare card numbers. Confirm your occupation

or Medicare card numbers. Confirm your occupation details, source of funds and verify your residency for tax purposes (or provide your Tax File Number). Once your identity has been verified, and you've linked a Australian bank account, your account is ready to go. Can a Vanguard Personal

your account is ready to go. Can a Vanguard Personal Investor Account be opened on behalf of a minor?Yes. Please see our Vanguard Personal Investor Kids Account for more information and refer to our Vanguard Personal Investor Kids Account FAQs. Who is eligible for the new Vanguard Personal

Account FAQs. Who is eligible for the new Vanguard Personal Investor Account?To be eligible to open a Vanguard Personal Investor Account, you must: Be 18 years or older Be an Australian resident Be an Australian tax resident Have an Australian residential address Have an Australian bank account

residential address Have an Australian bank account Have an Australian mobile number that can be used for ongoing security authentication. I have a financial adviser. How can I give my adviser access to my Vanguard account?You can give your adviser access to your Vanguard account provided

give your adviser access to your Vanguard account provided they’re registered for Vanguard Online. If you’ve a Vanguard Personal Investor Account, please fill in and submit this form via the ‘Message Us’ section within Vanguard Online. It doesn’t require your signature. If you’ve a separate

It doesn’t require your signature. If you’ve a separate Vanguard investment account*, please fill in, sign, and submit this form by mail or send us a scanned copy via the ‘Message Us’ section within Vanguard Online. *If you haven’t opened a Vanguard Personal Investor Account. I have a legal

opened a Vanguard Personal Investor Account. I have a legal authorised representative. How can I give my legal authorised representative access to my Vanguard account?Currently, you are not able to grant a legal authorised representative access to your account. What happens if I leave

to your account. What happens if I leave Australia? Will I be required to close my account or do I need to notify Vanguard?You should keep Vanguard up to date with any changes to your contact details. You will also need an Australian mobile number to continue to access your account online as it is used

to continue to access your account online as it is used for ongoing verification. You will not be required to close your account, however you should seek independent advice if you are changing your tax residency status. How do I update my contact details?It is important that we have your current

contact details?It is important that we have your current contact details. If your contact details have changed, you can update your details by: Email, residential and postal address • Log in to Vanguard Online and then select Settings from the left hand menu Mobile number (as this enables two

from the left hand menu Mobile number (as this enables two factor authentication) • Call our Vanguard Personal Investor team on 1300 655 101 from Monday to Friday, 8am to 6pm (AET). Can different investors use the same contact details?No. For identification and security purposes each investor

For identification and security purposes each investor must provide an Australian mobile number and unique email address. How do I change my password for Vanguard Online? Log in to Vanguard Online. Select 'Settings' from the left-hand menu. Select 'Password' and follow the instructions. How

menu. Select 'Password' and follow the instructions. How do I retrieve my password?Just click the > Forgotten password link on the LOG IN page and enter your username and email address. We'll send a security verification code to your mobile phone number, which will allow you to reset your

your mobile phone number, which will allow you to reset your password. What is an Investor Number?Your Vanguard Investor Number is your unique customer number. This number can be found on the 'Settings' page when you log in to Vanguard Online. What is an Account Number?Each Vanguard account has a

What is an Account Number?Each Vanguard account has a unique account number. This number can be found on the 'Settings' page when you log in to Vanguard Online. What is two factor authentication (2FA)?Keeping your account secure is our priority. Two factor authentication (2FA) is an extra layer

Two factor authentication (2FA) is an extra layer of security to protect your account. We'll send a security verification code to your mobile phone number to verify your online activities, for example, when you request to transfer money from your Vanguard Cash Account to a linked bank account.

from your Vanguard Cash Account to a linked bank account. How do I change my bank account details?You can update your banking details by logging into Vanguard Online, selecting 'Settings' from the left hand menu and then selecting 'Bank accounts.' Keeping your account secure is our priority.

accounts.' Keeping your account secure is our priority. When you change your bank account details, for extra verification, there is a temporary 9-day hold on transferring money from your Vanguard Cash Account to your linked bank account. During this time, you will still be able to deposit cash,

During this time, you will still be able to deposit cash, buy and sell your investments via Vanguard Online. How do I speak to someone?Please call us on 1300 655 101. We're available from Monday to Friday, 8am to 6pm (AET). How do I make a complaint?Please call us on 1300 655 101. We're available from

call us on 1300 655 101. We're available from Monday to Friday, 8am to 6pm (AET). If your complaint is not resolved to your satisfaction, you can refer the matter in writing to: Head of Personal Experience Vanguard Personal Investor GPO Box 1837 Melbourne, VIC 3000 Vanguard will try to resolve the

1837 Melbourne, VIC 3000 Vanguard will try to resolve the complaint and get back to you as soon as possible, but in any event, we will provide a final response within 45 days of receipt. Do I receive a HIN (Holder Identification Number)?No, JPMorgan has been appointed as the sub-custodian to hold any

has been appointed as the sub-custodian to hold any listed securities in your Vanguard Personal Investor Account on your behalf. JPMorgan holds legal ownership of these listed securities subject to Vanguard’s direction, and you (the investor) retain beneficial ownership. I think I've

(the investor) retain beneficial ownership. I think I've received an email from you. How do I know if it is genuine?We take your account security very seriously and will never ask you to supply any personal details via email or text messaging. You will receive account notifications from time to

You will receive account notifications from time to time, including emails and text messages. We will email you from time to time if, for example, you have subscribed to our Smart Investing™ newsletter. If you're concerned about any emails you receive from us, call us on 1300 655 101 and we can let

you receive from us, call us on 1300 655 101 and we can let you know what we have or have not sent you. I can't log into Vanguard Online. What should I do?First, check there is a problem with your browser or internet connection by accessing some other sites. If they are working, close your browser,

some other sites. If they are working, close your browser, re-open it and try logging to Vanguard Online again. If you still can't log in, make sure you're using the right username and password. If these are both correct, wait a few minutes and try again, in case there is a short-term disruption to our

try again, in case there is a short-term disruption to our system. If you've tried a few times and still can't log in, call us on 1300 655 101. We’re available from Monday to Friday, 8am-6pm (AET). My Vanguard Online access is blocked. What should I do?Please call us on 1300 655 101. We're available

should I do?Please call us on 1300 655 101. We're available from Monday to Friday, 8am to 6pm (AET).  What statements will I receive?You will receive comprehensive consolidated reporting on all investments held in your Vanguard Personal Investor Account. These include: Vanguard Personal

Investor Account. These include: Vanguard Personal Investor Quarterly Statement: You will receive this at the end of each quarter. This statement details your opening and closing account balance, your transaction details and portfolio valuation. Vanguard Personal Investor Annual

portfolio valuation. Vanguard Personal Investor Annual Statement: You will receive this at the end of the financial year. This statement details your opening and closing account balance, your transaction your transaction details and portfolio valuation. Vanguard Personal Investor Annual

portfolio valuation. Vanguard Personal Investor Annual Tax Report: We will provide you with information regarding your annual tax position for your account after the end of each financial year. You will receive an email notifying you when your statements are available on Vanguard Online. How

when your statements are available on Vanguard Online. How do I receive my statements?Your statements will be available to you on Vanguard Online and we will email you letting you know when your statement is available. How can I find my statements online?To access your statements online: Log in to

online?To access your statements online: Log in to Vanguard Online with your username and password. Select 'Statements' from the left-hand menu. How can I transfer money into my Vanguard Cash Account?There are 3 ways you can transfer money into your Vanguard Cash Account: Direct debit through

into your Vanguard Cash Account: Direct debit through your linked Australian bank account. To make a direct debit, simply select log in to Vanguard Online > Cash > Deposit and then follow the instructions. Direct credit from your bank account using your Vanguard Cash Account BSB and account

account using your Vanguard Cash Account BSB and account number. Your BSB and account number is shown under the heading 'Vanguard Cash Account.' BPAY®: You can find the biller code and customer reference number (CRN) when you select 'Deposit with BPAY' from the 'Cash' screen within Vanguard

'Deposit with BPAY' from the 'Cash' screen within Vanguard Online. How long does it take to transfer funds into my Vanguard Cash Account?The settlement times for BPAY®, direct debit and direct credit transactions from financial institutions are as follows:   Type of transaction BPAY® Direct

are as follows:   Type of transaction BPAY® Direct credit Direct debit Settlement times 1 business day 1 business day up to 4 business days Please note that processing times are not guaranteed and can be subject to the daily transaction cut-off times of your financial institution. How long does it

times of your financial institution. How long does it take to transfer funds out of my Vanguard Cash Account?A transfer can take up to 3 business days depending on the financial institution that money is being transferred to. Newly linked bank accounts are subject to a 9-day authentication

linked bank accounts are subject to a 9-day authentication process before they can be used for cash withdrawals. Where can I find the BSB and Account Number for my Vanguard Cash Account? Log in to Vanguard Online with your username and password. Select 'Cash' from the left hand menu. Your BSB and

Select 'Cash' from the left hand menu. Your BSB and account number is shown under the heading 'Vanguard Cash Account.' Where can I find the BPAY details for my Vanguard Cash Account? Log in to Vanguard Online with your username and password Select 'Cash' from the left hand menu and then 'Deposit with

Select 'Cash' from the left hand menu and then 'Deposit with BPAY®' What is the interest rate on my Vanguard Cash Account?The money in your Vanguard Cash Account is held on deposit with ANZ and earns you a competitive interest rate. View the current Vanguard Cash Account interest rate here. You can

current Vanguard Cash Account interest rate here. You can also view the current interest rate from within the Cash Account by clicking "View interest details". Interest rates are subject to change. Do I need to pay more than one Account Fee if I have multiple Vanguard Personal Investor

Account Fee if I have multiple Vanguard Personal Investor Accounts?The 0.10% per annum Account Fee only applies to the value of holdings in ASX direct shares held within a Vanguard Personal Account. If you have multiple accounts with ASX direct shares the Account Fee will be levied on each

with ASX direct shares the Account Fee will be levied on each account. How long does it take to withdraw funds from a Vanguard Cash Account once shares have been sold?A transfer can take up to 3 business days depending on the financial institution that money is being transferred to. Newly linked bank

that money is being transferred to. Newly linked bank accounts are subject to a 9-day authentication process before they can be used for cash withdrawals. How long does it take to process redemptions?Managed funds Orders for managed fund units will be processed on the same day if received by 1pm

units will be processed on the same day if received by 1pm AET. Orders received after 1pm AET, will be processed the next business day. A cash transfer can take up to 3 business days depending on the financial institution that money is being transferred to. ETFs and ASX shares Exchange traded funds

transferred to. ETFs and ASX shares Exchange traded funds and ASX shares can be bought or sold during normal ASX trading hours, from Monday to Friday, 10am to 4pm (AET). Settlement takes place 2 business days after a trade occurs. A cash transfer can take up to 3 business days depending on the

cash transfer can take up to 3 business days depending on the financial institution that money is being transferred to. Can I set up dividend reinvestments?Managed funds Managed fund distributions are automatically reinvested into further units of the same fund. However, you can elect to have

units of the same fund. However, you can elect to have your distributions paid as income. If you are a Vanguard Personal Investor accountholder you can change your distribution preference to "Credit to my Vanguard Cash Account" by completing a Change of details form. Once completed, login to

a Change of details form. Once completed, login to Vanguard Online, go to "Message us", click "Send a secure message", select "Form submissions", and then attach your completed form. If you are not a Vanguard Personal Investor accountholder you can change your distribution preference to a

can change your distribution preference to a nominated bank account. Go to the "Forms and notices" section on the Vanguard website and download and complete the Change of account details form under "I want to change my managed fund distribution options". Once completed, login to Vanguard

distribution options". Once completed, login to Vanguard Online, go to "Message us", click "Send a secure message", select "Form submissions", and then attach your completed form. Exchange traded funds Distributions from exchange traded funds are paid into your Vanguard Cash Account. These

funds are paid into your Vanguard Cash Account. These can be used to buy additional units in the same funds or other securities available on the Vanguard Personal Investor platform. We are working towards offering the ability to reinvest these payments. ASX shares Dividends from ASX shares are

these payments. ASX shares Dividends from ASX shares are paid into your Vanguard Cash Account. These can be used to buy additional shares or other securities available on the Vanguard Personal Investor platform. What account types do you offer?Vanguard Personal Investor Account is currently

offer?Vanguard Personal Investor Account is currently available for individual, joint,SMSF and Company account types. Vanguard Personal Investor is being introduced in a phased rollout which will see additional functionality and features added over time to further enhance the investing

features added over time to further enhance the investing experience. Are there tax implications if only one investor provides a Tax File Number (TFN) or TFN exemption?Yes. If only one investor provides a TFN or TFN exemption, an amount of tax will be withheld (applying the top marginal tax rate

of tax will be withheld (applying the top marginal tax rate plus levies) from any future interest or investment income on the whole account. Can a Vanguard Personal Investor Account be opened on behalf of a minor? Yes. Please see our Vanguard Personal Investor Kids Account for more information

Personal Investor Kids Account for more information and refer to our Vanguard Personal Investor Kids Account FAQs. More about VanguardContact us Security and fraud Accessibility FAQs Forms and notices PDS and offer documents Join 30 million others worldwide investing in their

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal support frequently asked questions power of

personal support frequently asked questions power of attorney.   Power of Attorney | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers

account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsFrequently Asked QuestionsPower of AttorneyHow can I add a Power of Attorney on my Vanguard account? To add a Power of Attorney to your account, you’ll need to have the following: Completed Power of Attorney

need to have the following: Completed Power of Attorney nomination form. Please Call our Vanguard Personal Investor team on 1300 655 101 from Monday to Friday, 8am to 6pm (AET). One of our team members will be able to provide you with a form. A certified copy of your Power of Attorney appointment

A certified copy of your Power of Attorney appointment documentation, including all pages. Certified identification of the person you appointed as your Power of Attorney.  Can my Power of Attorney access my Vanguard online account and undertake transactions?Yes. However, we can only allow

undertake transactions?Yes. However, we can only allow access to individual IDPS accounts at this stage. By providing authority to your Power of Attorney you permit them to access your Vanguard Personal Investor Account and undertake transactions on your behalf. Your Power of Attorney

transactions on your behalf. Your Power of Attorney documentation must specify they are authorised to act severally (any to sign) on any decisions involving your Vanguard Personal Investor Account. For all other decision making your Power of Attorney can only provide signed written

your Power of Attorney can only provide signed written instructions or submit a relevant form, for example a withdrawal form or change of details form. I am the Enduring Power of Attorney acting on behalf of an incapacitated investor. How can I access their account?To add an Enduring Power of

How can I access their account?To add an Enduring Power of Attorney to their account, you’ll need to have the following: Completed Enduring Power of Attorney form. Please Call our Vanguard Personal Investor team on 1300 655 101 from Monday to Friday, 8am to 6pm (AET). One of our team members will be

to Friday, 8am to 6pm (AET). One of our team members will be able to provide you with a form. A certified copy of your Enduring Power of Attorney appointment documentation, including all pages. Certified identification of the Power of Attorney. Certified identification of the account holder (if

Certified identification of the account holder (if we don’t hold one on file). How do I update my Power of Attorney contact details?Call our Vanguard Personal Investor team on 1300 655 101 from Monday to Friday, 8am to 6pm (AET). One of our team members will be able to update your Power of Attorney

team members will be able to update your Power of Attorney contact details over the phone.  How do I remove a Power of Attorney from my Vanguard Personal Investor Account? To remove a Power of Attorney you’ll need to submit a signed written instruction using the ‘Message us’ feature in your online

instruction using the ‘Message us’ feature in your online account. Can a Power of Attorney be given online access to Joint, SMSF, Company or Trust accounts?No. We’re unable to provide Power of Attorney online access services for these account types at this stage. However, your Power of Attorney

types at this stage. However, your Power of Attorney will still be able to act on your behalf by providing certified Power of Attorney documentation and identification. More about VanguardContact us Security and fraud Accessibility FAQs Forms and notices PDS and offer documents Join 30 million

Forms and notices PDS and offer documents Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is quick, and it takes less than 10 minutes. Open an account today Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our

Elders past, present and emerging. d.com.au personal support frequently asked questions self managed super funds.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation

account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsFrequently Asked QuestionsSelf-managed super fundsHow many bank accounts can I link to my SMSF account?You are able to link to one account in the name of your self-managed super fund. Who can authorise a sell order on

self-managed super fund. Who can authorise a sell order on behalf of the account?All SMSFs trustees, including the directors of corporate trustees, have access to the Vanguard Personal Investor Account and can authorise a sell order on behalf of the account via Vanguard Online. Who can

order on behalf of the account via Vanguard Online. Who can authorise a purchase order on behalf of the account?All SMSFs trustees, including the directors of corporate trustees, have access to the Vanguard Personal Investor Account and can authorise a purchase order on behalf of the account

and can authorise a purchase order on behalf of the account via Vanguard Online. What is the difference between an individual trustee and corporate trustee?SMSFs can be established with up to four individual members, who each act as trustees. Alternatively a fund can be established under a

trustees. Alternatively a fund can be established under a corporate structure, where a registered company acts as the trustee and the fund’s members are all required to be directors. Do I have a regulated trust?All self-managed super funds are classed as Australian regulated trusts. SMSFs are

are classed as Australian regulated trusts. SMSFs are regulated by the Australian Tax Office. Does every member receive the Vanguard Personal Investor Account statements?Yes. Each member will have access to account and tax statements. All statements will be available on Vanguard Online and

All statements will be available on Vanguard Online and each member will receive an email to let them know when a statement is available. How many individual trustees can I add to this account?An individual trustee SMSF account structure can have no less than two and no more than four members, who

can have no less than two and no more than four members, who must also be trustees of the fund. What is the maximum number of directors allowed?A corporate SMSF account structure can have no more than four directors of the company acting as the legal trustee. What documents do I need to open an SMSF

as the legal trustee. What documents do I need to open an SMSF account with individual trustees?To open a SMSF account with individual trustees, you will need a copy of the trust deed, and an email address and mobile number for each trustee. What documents do I need to open an SMSF account with a

What documents do I need to open an SMSF account with a corporate trustee?To open a SMSF account with a corporate trustee, you will need a copy of the trust deed, the latest annual company statement, and an email address and mobile number for each trustee (director). How do I declare my SMSF tax file

each trustee (director). How do I declare my SMSF tax file number?Your SMSF TFN is entered during the account application process. More about VanguardContact us Security and fraud Accessibility FAQs Forms and notices PDS and offer documents Join 30 million others worldwide investing in their

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal support frequently asked questions trusts.    |

personal support frequently asked questions trusts.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre

Are ViewingInvestmentsFrequently Asked QuestionsTrustsWhat types of trusts can open a Vanguard Personal Investor trust account?The following trust accounts can be opened on Vanguard Personal Investor Account, either through an individual trustee or corporate trustee structure:

an individual trustee or corporate trustee structure: ·       A family trust ·       A discretionary trust ·       A testamentary trust ·       A private foundation trust ·       Charities regulated by the ACNC* ·       Certain special disability trusts ·       A unit trust * Australian

disability trusts ·       A unit trust * Australian Charities and Not-for-profits Commission. Who can open a Vanguard Personal Investor trust account?Any person with the authority to make an application on behalf of the trust and its associated trustees, with primary tax residence in

and its associated trustees, with primary tax residence in Australia, and a unique Australian mobile number and email address. Each trustee or director of the corporate trustee must verify their identity as well as review and approve the trust account application. What documents are required

trust account application. What documents are required to open a Vanguard Personal Investor trust account?To open a trust account applicants will need a certified copy or extract of the trust deed. For a testamentary trust, applicants will need the grant of probate and a copy or an extract of the

will need the grant of probate and a copy or an extract of the will containing at least the full name of executors/trustees appointed, the section that the will creates and/or the names of the trust, the will maker (if applicable), and signatory page. We’ll need to sight personal identification,

page. We’ll need to sight personal identification, such as an Australian passport or driver’s licence, and collect personal details including the full name, date of birth, residential address, current email address and mobile number of each trustee or each director of the corporate trustee.

of each trustee or each director of the corporate trustee. Can more than one trustee or director be added during the trust account sign-up process?Yes. During the sign-up process you’ll be able to add in the details of other trustees or directors as signatories to your Vanguard Personal Investor

as signatories to your Vanguard Personal Investor trust account. How many individual trustees can I add to this account?An individual trust must have a minimum of two trustees. A maximum of four trustees can be added to a Vanguard Personal Investor Account. What if one of the individual trustees

Investor Account. What if one of the individual trustees has resigned or passed away? An individual trust must have a minimum of two trustees. If a trust is left with only one trustee, the remaining trustee must nominate a new trustee or change the trust to a corporate trustee structure. How many

change the trust to a corporate trustee structure. How many trustee directors can be added to a trust account?A corporate trust account can have up to 10 directors added to Vanguard Personal Investor Account. Can a minor be a beneficiary on a trust account?Minors can be legal beneficiaries of

on a trust account?Minors can be legal beneficiaries of trust accounts, however only eligible trustees aged 18 years and over are able to open and be signatories to a Vanguard Personal Investor trust account. How many bank accounts can be linked to a trust account?You’re able to link to one account

linked to a trust account?You’re able to link to one account in the name of your trust. This must be an Australian bank account. Who can authorise a sell or purchase order on behalf of a trust account?All trustees, including the directors of corporate trustees, have access to the Vanguard Personal

corporate trustees, have access to the Vanguard Personal Investor Account and can authorise transaction orders via Vanguard Online. Do all trustees receive Vanguard Personal Investor statements?Yes. Each trustee or director of the corporate trustee listed on the account has access to

of the corporate trustee listed on the account has access to account, tax, and other statements via Vanguard Online. They will receive an email when a new statement is available. Can a Vanguard Personal Investor trust account be opened by a foreign person?Individual trustees or

be opened by a foreign person?Individual trustees or director/controllers for corporate trustee accounts can be a tax resident of another country, but their primary tax residence must be in Australia. Can I change my individual or joint Vanguard Personal Investor Account type to a trust

or joint Vanguard Personal Investor Account type to a trust account?No. You will need to open a new account in the name of the trust. I already have a Vanguard Personal Investor Account. Will I be charged extra fees on a trust account?There are no account fees on holdings in Vanguard managed funds,

are no account fees on holdings in Vanguard managed funds, Vanguard ETFs, or money held in a Vanguard Cash Account. A 0.10% per annum account fee applies to the value of any ASX direct shares held. An Indirect Cash Management Fee ranging between 0.00% and 1.50% p.a. applies to the amount held in the

0.00% and 1.50% p.a. applies to the amount held in the Vanguard Cash Account. Investment management fees apply to Vanguard managed funds and ETFs and are calculated based on the invested amount. Further information on the management fees for each product are included in individual Product

fees for each product are included in individual Product Disclosure Statements.  Can I transfer my assets from an existing Vanguard Personal Investor account to a trust account?Not at this stage. You’ll need to open a new Vanguard Personal Investor Account to invest in other Vanguard managed

Investor Account to invest in other Vanguard managed funds, exchange traded funds, or ASX direct shares. However, if you already have Vanguard Online access, you can request to have your accounts consolidated under the one online account. I have a trust account on another platform. Can I

account. I have a trust account on another platform. Can I transfer my assets into a Vanguard Personal Investor Account?No. At this stage Vanguard Personal Investor is unable to accept asset transfers from other platforms. How is a trust account different to an SMSF account?Trust and

is a trust account different to an SMSF account?Trust and self-managed superannuation fund accounts each operate under different types of trust structures and legislation. If you’re solely investing through an SMSF, you’ll need to set up a Vanguard Personal Investor Account under the SMSF

set up a Vanguard Personal Investor Account under the SMSF account type. More about VanguardContact us Security and fraud Accessibility FAQs Forms and notices PDS and offer documents Join 30 million others worldwide investing in their futureOpening a Vanguard Personal Investor Account is

Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal support make a complaint.    | Vanguard Australia

personal support make a complaint.    | Vanguard Australia Personal Investor  You need to enable JavaScript to run this app Skip to main contentInvestments Investments , selected Vanguard Australia Superannuation Financial advisers Institutional investors Media centre Careers Vanguard

Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsMake a complaintVanguard Investments Australia

a complaintVanguard Investments Australia Ltd is committed to delivering exceptional client service and care to you, including the resolution of complaints in a fair, equitable and timely manner.How can a complaint be made? If you have a complaint, you should contact us on: Email:

If you have a complaint, you should contact us on: Email: clientservices@vanguard.com.au Phone: 1300 655 101 Secure message: via Vanguard Online Secure Message Portal Mail: Vanguard Investments Australia GPO Box 1837 Melbourne VIC 3001 What information do you need to provide with your

VIC 3001 What information do you need to provide with your complaint? Providing us with as much supporting information as you can, will help us resolve your complaint as quickly as possible. When you lodge your complaint, please provide us with: your full name and contact details your Vanguard

us with: your full name and contact details your Vanguard Australia investor or account number (if available) details of your complaint, and where possible, provide a timeline of events copies of any supporting documents in relation to your complaint your suggestions for how you would like us to

your complaint your suggestions for how you would like us to resolve your complaint your preferred method of communication Do you need assistance to lodge a complaint? We are committed to helping you resolve your complaint as quickly as possible and are flexible in how we receive, consider and

as possible and are flexible in how we receive, consider and deal with complaints. We are happy to accept a complaint made by a representative on your behalf, where you have authorised the representative to act for you. If you require any assistance to lodge a complaint or during the resolution

assistance to lodge a complaint or during the resolution process, please contact our Personal Experience team on 1300 655 101.   Complaint resolution timeframe We aim to resolve your complaint as quickly as possible. When you lodge your complaint, we will endeavour to acknowledge it within one

complaint, we will endeavour to acknowledge it within one business day, or as soon as practicable. We will conduct our investigation and assessment. For most standard complaints, we will provide you with the final written response within 30 calendar days after receiving your complaint. We may

30 calendar days after receiving your complaint. We may not provide you with a written response if your complaint is resolved within 5 business days. Complex complaints may have a different maximum timeframe for responding. We will notify you if a different maximum will apply to your complaint.

you if a different maximum will apply to your complaint.   Complaints Policy You can view our Complaints Handling Policy here. It is also currently available in large print and in other languages - Mandarin, Arabic, Vietnamese, Hindi. Our Complaints Handling Policy is also available in

Our Complaints Handling Policy is also available in hard copy upon request.   External Dispute Resolution If you are not satisfied with the outcome of your complaint, you have the right to refer the matter to an external dispute resolution process - the Australian Financial Complaints Authority

process - the Australian Financial Complaints Authority (AFCA). AFCA provides fair and independent financial services complaint resolution that is free to consumers. You can make a complaint to AFCA online, by letter, email or by phone. AFCA's contact details are: Website: www.afca.org.au

AFCA's contact details are: Website: www.afca.org.au Email: info@afca.org.au Phone: 1800 931 678 (free call) Mail: Australian Financial Complaints Authority GPO Box 3 Melbourne VIC 3001 Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInWhy Vanguard Our history How we're

the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal support pds and offer documents.html.    | Vanguard

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advisers Institutional investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsProduct Disclosure Statements and offer

Disclosure Statements and offer documentsAccess detailed information on all Vanguard products.Personal InvestorGeneral documentationVanguard Personal Investor Part A – Investor Guide15 Dec 2022Vanguard Personal Investor Part B - Statement of Additional Information15 Dec

Part B - Statement of Additional Information15 Dec 2022Vanguard Personal Investor Part C - Investor Guide for Personal Investor Kids Account15 Dec 2022Vanguard Personal Investor Cash Account Interest Rate 15 Dec 2022Vanguard Personal Investor - Target Market Determination (TMD)15 Dec

Investor - Target Market Determination (TMD)15 Dec 2022Vanguard Personal Investor Investment Menu15 Dec 2022 Vanguard Personal Investor Annual Tax Guide30 Jun 2022Vanguard Financial Services Guide03 Oct 2022Vanguard Personal Investor Voting Policy01 Jul 2019Managed fundsSupporting

Voting Policy01 Jul 2019Managed fundsSupporting documentationGuide to your AMMA tax statement30 June 2022AMMA Tax Statement glossary30 June 2022Certification guideMay 2015Reference guide - Vanguard Managed Funds21 Sep 2022Reference guide - Vanguard Active Positive Impact Fund12 Oct

guide - Vanguard Active Positive Impact Fund12 Oct 2022Product Disclosure StatementsCashVanguard Cash Reserve Fund21 Sep 2022Australian Fixed InterestVanguard Australian Fixed Interest Index Fund21 Dec 2022Vanguard Australian Government Bond Index Fund21 Sep 2022Vanguard

Australian Government Bond Index Fund21 Sep 2022Vanguard Australian Inflation-Linked Bond Index Fund21 Sep 2022Vanguard Australian Corporate Fixed Interest Index Fund21 Sep 2022International Fixed InterestVanguard Short Term Fixed Interest Fund21 Sep 2022Vanguard Diversified Bond

Fixed Interest Fund21 Sep 2022Vanguard Diversified Bond Index Fund21 Sep 2022Vanguard Ethically Conscious Global Aggregate Bond Index Fund - AUD Hedged 1 Feb 2023Vanguard Ethically Conscious Global Aggregate Bond Index Fund - NZD Hedged 1 Feb 2023Vanguard International Credit Securities

1 Feb 2023Vanguard International Credit Securities Index Fund (Hedged)21 Sep 2022Vanguard Active Global Credit Bond Fund21 Sep 2022Vanguard International Fixed Interest Index Fund (Hedged)21 Sep 2022Vanguard Global Aggregate Bond Index Fund (Hedged)21 Sep 2022PropertyVanguard

Bond Index Fund (Hedged)21 Sep 2022PropertyVanguard Australian Property Securities Index Fund21 Sep 2022Vanguard International Property Securities Index Fund21 Sep 2022Vanguard International Property Securities Index Fund (Hedged)21 Dec 2022Australian SharesVanguard Australian

Dec 2022Australian SharesVanguard Australian Shares Index Fund21 Sep 2022Vanguard Australian Shares High Yield Fund21 Sep 2022Vanguard Ethically Conscious Australian Shares Fund21 Dec 2022International SharesVanguard International Shares Select Exclusions Index Fund21 Dec

International Shares Select Exclusions Index Fund21 Dec 2022Vanguard International Shares Select Exclusions Index Fund - AUD Hedged21 Dec 2022Vanguard International Shares Select Exclusions Index Fund - NZD Hedged21 Dec 2022Vanguard Ethically Conscious International Shares Index

Ethically Conscious International Shares Index Fund21 Dec 2022Vanguard Ethically Conscious International Shares Index Fund - AUD Hedged21 Dec 2022Vanguard Ethically Conscious International Shares Index Fund - NZD Hedged21 Dec 2022Vanguard Global Infrastructure Index Fund21 Sep

Dec 2022Vanguard Global Infrastructure Index Fund21 Sep 2022Vanguard Global Infrastructure Index Fund (Hedged)21 Dec 2022Vanguard International Shares Index Fund21 Sep 2022Vanguard International Shares Index Fund (Hedged) - AUD Class21 Dec 2022Vanguard Global Minimum Volatility

- AUD Class21 Dec 2022Vanguard Global Minimum Volatility Fund21 Dec 2022Vanguard Global Value Equity Fund21 Sep 2022Vanguard International Small Companies Index Fund 21 Sep 2022Vanguard International Small Companies Index Fund (Hedged)21 Dec 2022Vanguard Active Global Growth Fund21 Sep

Dec 2022Vanguard Active Global Growth Fund21 Sep 2022Vanguard Active Emerging Market Equity Fund21 Sep 2022Vanguard Active Positive Impact Fund12 Oct 2022Vanguard Emerging Markets Shares Index Fund21 Dec 2022DiversifiedVanguard Conservative Index Fund21 Sep 2022Vanguard Balanced

Conservative Index Fund21 Sep 2022Vanguard Balanced Index Fund21 Sep 2022Vanguard Growth Index Fund21 Sep 2022Vanguard High Growth Index Fund21 Sep 2022Looking for account forms and unitholder notices?Instruct changes regarding your account or investment or find the latest investor

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Index (Hedged) ETFFeb 2023Vanguard International Credit Securities Index (Hedged) ETFSep 2022Vanguard International Fixed Interest Index (Hedged) ETFSep 2022PropertyVanguard Australian Property Securities Index ETFSep 2022Australian SharesVanguard Australian Shares Index

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Global Minimum Volatility Active ETF (Managed Fund)Sep 2022Vanguard Global Value Equity Active ETF (Managed Fund)Sep 2022Vanguard MSCI International Small Companies Index ETFSep 2022Vanguard US Total Market Shares Index ETFUS prospectusUS statement of additional informationMay

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Diversified Conservative Index ETFDec 2022Vanguard Diversified Growth Index ETFDec 2022Vanguard Diversified High Growth Index ETFDec 2022Vanguard Investor FundsGeneral documentationFinancial services guide21 Sep 2022Certification guideSep 2022Reference guide21 Sep 2022Product

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investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsSecurity and FraudWe're committed to helping you protect your

and FraudWe're committed to helping you protect your account.What to do if you suspect a security breachIf you think your account has been compromised, we need to know straight away. Please follow these steps.:Contact UsBy phone on 1300 655 101 Monday to Friday, 8am to 6pm (AET). Or by email

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on or responded to the email, please call our support team on 1300 655 101 Monday to Friday, 8am to 6pm (AET). Please note that Vanguard never sends email or text messages with clicking links asking you to verify or provide personal information such as your account or login details. If you suspect

such as your account or login details. If you suspect spam, email spam@vanguard.com.au. More about VanguardContact us Security and fraud Accessibility FAQs Forms and notices PDS and offer documents Join 30 million others worldwide investing in their futureOpening a Vanguard Personal

Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au personal support tools and calculators.    | Vanguard Australia

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investors Media centre Careers Vanguard Global sites Open an account Log in Vanguard logo About Us Invest with us Learn Support Vanguard logoOpen an account Log in About UsInvest with usLearnSupportYou Are ViewingInvestmentsTools and CalculatorsA selection of useful tools to help guide your

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Vanguard Investments Australia         d.com.au smart investing unsubscribe.  Vanguard Investments Australia         d.com.au super.    A smarter, simpler super for all Australians | Vanguard Super  You need to enable JavaScript to run this app Skip to main contentSuperannuation Superannuation , selected

to main contentSuperannuation Superannuation , selected Vanguard Australia Investments Financial advisers Institutional investors Media centre Careers Vanguard Global sites Join Vanguard Super Log in Vanguard logo About us Choose your super Performance & Fees Help Vanguard logoJoin

your super Performance & Fees Help Vanguard logoJoin Vanguard Super Log in About us Choose your superPerformance & FeesHelpYou Are ViewingSuperannuationVanguard SuperIt’s super, but not as you know itIt’s smarter, simpler, and backed by Vanguard’s 45+ years of global investment

and backed by Vanguard’s 45+ years of global investment expertise.1 Join Vanguard Super Low yearly fee of 0.58% That’s $290 on a $50,000 balance for Lifecycle – one of the lowest on the market. We keep it simple by talking about our administration, investment and transaction fees and costs

investment and transaction fees and costs together as a yearly fee. Calculate your fee Explore auto-adjusting investmentsLooking for a hands-off option? We’re one of very few super funds in Australia who offer a default investment option that automatically adjusts as you get older. It’s

option that automatically adjusts as you get older. It’s called Lifecycle, and it’s a little bit brilliant. Discover Lifecycle Pick 'n' mix your own portfolioPrefer to get hands-on with your portfolio? You can get as involved as you like by choosing from our diversified, single sector and

like by choosing from our diversified, single sector and auto-adjusting Lifecycle options to create your ideal mix.  Explore your options 45+ years of global investment expertiseThe Vanguard Group was born in 1975 as a new kind of investment firm that would put investors first. The vision was to

firm that would put investors first. The vision was to empower individuals by making sophisticated investment strategies simple and accessible to everyone. Not surprisingly, it took off. Now, we’re directing that same attitude to super.  About us Looking for something else?Calculate your

About us Looking for something else?Calculate your fee Investment options at a glance Our investment expertise [1] Vanguard Super Pty Ltd (ABN 73 643 614 386, AFS Licence 526270), the trustee and product issuer of Vanguard Super ABN 27 923 449 966, and Vanguard Investments Australia Ltd (ABN 72

923 449 966, and Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263), the product issuer and the operator of Vanguard Personal Investor are wholly owned subsidiaries of The Vanguard Group, Inc. Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInAbout us

with usFacebookYoutubeTwitterLinkedInAbout us About us Choose your super Investments at a glance Lifecycle Diversified Single sector Insurance options Performance & fees Performance Calculate your fee Help FAQs Documents & forms Contact us Vanguard SuperUSI/SPIN VSF0001AUABN 27 923 449

Contact us Vanguard SuperUSI/SPIN VSF0001AUABN 27 923 449 966 General Advice Warning Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee of Vanguard Super (ABN 27923449966) and the issuer of Vanguard Super products. The Trustee has contracted Vanguard

Super products. The Trustee has contracted Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) to provide some services to members of Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group,

are both wholly owned subsidiaries of The Vanguard Group, Inc. (collectively, "Vanguard"). The information provided on this website is general in nature and doesn’t take into account your personal financial objectives, situation or needs. You should consider your objectives, financial

or needs. You should consider your objectives, financial situation or needs, and the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before making any decision about Vanguard Super. The PDS and TMD can also be accessed free of charge by calling 1300 655 101. Before you

accessed free of charge by calling 1300 655 101. Before you make any financial decision regarding Vanguard Super, you may wish to seek professional advice from a suitably qualified adviser. Any past performance information is given for illustrative purposes only and should not be relied upon

illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. This website was prepared in good faith and we accept no liability for any errors or omissions. Important Legal Notice Offer not to persons outside Australia. The PDS does not constitute

to persons outside Australia. The PDS does not constitute an offer or invitation in any jurisdiction other than in Australia. Applications from outside Australia will not be accepted. For the avoidance of doubt, these products are not intended to be sold to US Persons as defined under Regulation

to be sold to US Persons as defined under Regulation S of the US federal securities laws. © 2022 Vanguard Investments Australia Ltd. All rights reserved. Terms and conditions of use | Privacy policy | Whistleblower policy | Accessibility | Privacy Collection Statement |Vanguard and its

| Privacy Collection Statement |Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and

wish to pay our respects to their Elders past, present and emerging. d.com.au super about us.    About Vanguard Australia | Vanguard Super  You need to enable JavaScript to run this app Skip to main contentSuperannuation Superannuation , selected Vanguard Australia Investments Financial

, selected Vanguard Australia Investments Financial advisers Institutional investors Media centre Careers Vanguard Global sites Join Vanguard Super Log in Vanguard logo About us Choose your super Performance & Fees Help Vanguard logoJoin Vanguard Super Log in About us Choose your

logoJoin Vanguard Super Log in About us Choose your superPerformance & FeesHelpYou Are ViewingSuperannuationAbout usFrom vision to VanguardMore than 45 years ago, John C. Bogle had a bold vision to start an investment company that did things differently. A company with no external

that did things differently. A company with no external shareholders. Where all the profits were invested back into the business and used to lower costs. Evidently, it was as bold as it was brilliant.  To this day, Vanguard Group still has no external shareholders. That means no share prices to

has no external shareholders. That means no share prices to protect, and no profits to generate for outside owners.  Us, in a nutshellVanguard Group founded 1975 in the US$10+ trillion in assets under management worldwideAs of 31 August, 2022. Figures in Australian dollars.19 locations

August, 2022. Figures in Australian dollars.19 locations worldwide7 across the Americas, 8 in Europe, 1 in Asia and 3 in Australia. Vanguard Super launches November 2022$104+ billion under management by Vanguard Investments AustraliaAs of 31 August, 2022. Figures in Australian

AustraliaAs of 31 August, 2022. Figures in Australian dollars.800+ Vanguard Australia employees18,800 employees worldwide.Bringing 45+ years of global investment expertise to superWith our commitment to expert management, simple communication and transparent fees, it’s not hard to see

communication and transparent fees, it’s not hard to see why Vanguard Group is a force to be reckoned with in the investment world. Years in the making20202020After 25 years in Australia, Vanguard Group announces plans to enter into super It’s already in our DNA We’ve always helped our clients get

It’s already in our DNA We’ve always helped our clients get the most out of their money – in the short-term, and as they prepare for the future. It’s this commitment that makes super such a natural fit for us. We’re bringing the same simplicity, insight and low-cost structure that we’re known for

insight and low-cost structure that we’re known for globally to your super portfolio. 20092009Vanguard Australia launches ETFs Changing the way Australians invest Vanguard Australia is driven by new ideas and new approaches to investing – always has been. In 2009 we launched our unique

investing – always has been. In 2009 we launched our unique exchange traded funds (ETFs) for Aussie investors, and in 2019 we became the largest ETF issuer in the country. 20042004Vanguard Australia is the first fund manager to report after-tax returns True transparency When Vanguard Australia

returns True transparency When Vanguard Australia became the first fund manager in Australia to report after-tax returns, we gave our investors a clear picture of what we stood for. It might not seem like a big deal now, but when everyone else was avoiding the question, this bold commitment to

else was avoiding the question, this bold commitment to transparency set us apart. 19981998Vanguard takes off in Australia Hit the ground running With twenty years of investment experience behind them, it was time for the Vanguard Group to spread its wings. In 1996, they established their very

to spread its wings. In 1996, they established their very first office outside the US on Aussie soil, in Melbourne. Vanguard Australia was born. And in 1998, we were ready to launch Australia’s first index funds for retail investors. 19821982Vanguard starts helping Americans save for

19821982Vanguard starts helping Americans save for retirement Super by another name In the US, 401(k) plans are employer-sponsored pension plans that work much like super in Australia. Once these plans became common practice in the 80s, ‘Vanguard Group’ started offering investments and

80s, ‘Vanguard Group’ started offering investments and services to help Americans save for retirement. 19761976Vanguard launches first bond index fund for individual investors in the US Changing the game for individual investors From day one, ‘Vanguard Group’ has been on a mission to empower

day one, ‘Vanguard Group’ has been on a mission to empower individual investors. Only a year in, the first index managed fund for individual investors was launched. 1986 saw the launch of the bond index funds followed by the world’s first international stock index funds in 1990. 19751975Vanguard

stock index funds in 1990. 19751975Vanguard is born A bold idea comes to life On May 1, 1975, John C. Bogle brings his vision for a new kind of firm to life. Vanguard opened with 11 funds and $1.8 billion in net assets. Only a year later, the first index managed fund – known as Vanguard 500 Index Fund – was

index managed fund – known as Vanguard 500 Index Fund – was launched. Today, it’s one of the largest mutual funds in the world. Show moreBoard of DirectorsWe’re proud to have a strong Board of Directors leading and inspiring us every step of the way. Together, their collective experience and

step of the way. Together, their collective experience and expertise helps Vanguard Super excel for its members. Peggy O’Neal AOChair Peggy has a long, distinguished career in superannuation and financial services law. She was a partner at Herbert Smith Freehills, has advised on

She was a partner at Herbert Smith Freehills, has advised on superannuation for the Federal Government, and consulted on the Government’s Stronger Super reform package. In 2019, she was awarded an Officer of the Order of Australia (AO) for her service to AFL, superannuation, finance law, and

for her service to AFL, superannuation, finance law, and women in leadership. Peggy was appointed as Director and Chair on 19 August 2020. Qualifications: BA (Virginia Polytechnic Institute and State University) JD (University of Virginia) Diploma of Superannuation Management (Macquarie

Diploma of Superannuation Management (Macquarie University) Honorary Doctor of Laws (Swinburne University of Technology) Fellow of the AICD Officer of the Order of Australia (AO) Anne FlanaganDirector and Chair of Audit Committee Anne brings a wealth of board-level experience in

Anne brings a wealth of board-level experience in superannuation and financial services. In a career spanning 35 years, she’s been the Chief Financial Officer at RACV, Alternate Director and member of the Finance and Audit Committee at Australian Super, and a Non-Executive Director of ANZ

at Australian Super, and a Non-Executive Director of ANZ Staff Superannuation. Anne was appointed as Director on 6 April 2021. Qualifications: Chartered AccountantBachelor of Science (LSE) Jeremy DuffieldDirector and Chair of Remuneration Committee Jeremy’s involvement with Vanguard

Committee Jeremy’s involvement with Vanguard spans 30 years, most notably as Vanguard Australia’s founding Managing Director. He has held past roles as Chair of the Australian Centre for Financial Studies, and a member of the Federal Government’s Financial Sector Advisory Council. In 2012,

Government’s Financial Sector Advisory Council. In 2012, Jeremy co-founded SuperEd, a business focussed on helping Australians plan for their retirement. Jeremy was appointed as Director on 19 August 2020. Qualifications: BA Economics (University of Virginia) Program for Management

(University of Virginia) Program for Management Development (Harvard Business School) Graduate, AICD Cynthia LuiDirector Cynthia joined Vanguard in 2008 and has more than 20 years of experience as a legal adviser in the investment management sector, most recently as Vanguard’s Head of

management sector, most recently as Vanguard’s Head of International Legal and Compliance. She was also a member of Vanguard’s International Executive Team. She retired from Vanguard in August 2022 and remains on the Vanguard Super Board. Cynthia was appointed as Director on 22 February 2021.

Cynthia was appointed as Director on 22 February 2021.  Qualifications: LLB (University of Melbourne) Bachelor of Commerce (University of Melbourne) Master of Laws (University of Melbourne) Graduate Diploma in Management (Melbourne Business School) MBA (Melbourne Business School) Colin

Business School) MBA (Melbourne Business School) Colin KeltonDirector With over 30 years of experience at Vanguard, including three years as Managing Director of Vanguard Australia, Colin has led and managed teams across the Vanguard Group. Along with his Board position, Colin is also

Group. Along with his Board position, Colin is also Vanguard’s Global Head of Marketing. Colin was appointed as a Director on 14 December 2021.  Qualifications: BA Economics (Pennsylvania State University) MBA (Drexel University) Advanced Management (Harvard Business School) Super

Advanced Management (Harvard Business School) Super leadership teamOur leadership team is committed to reshaping superannuation for the benefit of all Australians and driving the best retirement outcomes for our members. Michael LovettHead of Vanguard Super Michael is the Head of Vanguard

of Vanguard Super Michael is the Head of Vanguard Super and a member of Vanguard’s Australian executive team. In this role, Michael is responsible for leading the ongoing operations and strategy of Vanguard Super to deliver the best outcomes for our members. Michael brings over 25 years of

outcomes for our members. Michael brings over 25 years of financial services experience, including across financial adviser services, and institutional and retail markets. Michael was appointed as Head of Vanguard Super on 28 December 2019. Qualifications: Graduate Diploma of Applied

2019. Qualifications: Graduate Diploma of Applied Finance (FINSIA) Bachelor of Commerce, Economics and Finance (Deakin University) Rachel ReynoldsHead of Operations Rachel is responsible for enabling the delivery of a superior member experience through partnerships with Vanguard

member experience through partnerships with Vanguard Super’s providers. Rachel has 25 years of experience working in senior operational roles across the financial services industry including superannuation, financial advice and insurance. Rachel was appointed as Head of Operations,

and insurance. Rachel was appointed as Head of Operations, Vanguard Super on 8 April 2020. Qualifications: Diploma in Financial Services, Financial Planning (Kaplan)Advanced Diploma in Financial Services, Superannuation (ASFA) Shannon NutterHead of Proposition and Experience Shannon

Shannon NutterHead of Proposition and Experience Shannon is responsible for developing a superannuation offer and experience that improves retirement outcomes for all Australians. Shannon previously helped lead Vanguard’s U.S. 401(k) offering and has extensive experience across

U.S. 401(k) offering and has extensive experience across institutional marketing, market research and product development. Shannon was appointed as Head of Proposition and Experience, Vanguard Super on 18 April 2020. Qualifications: B.A. in Economics (Macalester College) M.B.A. (Duke

B.A. in Economics (Macalester College) M.B.A. (Duke University’s Fuqua School of Business)Craig StevensHead of Strategic Growth Craig is responsible for the growth and development of Vanguard Super’s business strategy. Craig has over 30 years of experience in financial services and has

over 30 years of experience in financial services and has previously held senior leadership roles at industry super funds. Craig was appointed as Head of Strategic Growth, Vanguard Super on 10 June 2020.  Qualifications: Bachelor of CommerceGraduate, AICD Sue WallaceHead of Office of the

of CommerceGraduate, AICD Sue WallaceHead of Office of the Superannuation Trustee Sue is responsible for the operation of the Superannuation Trustee office to ensure fiduciary and statutory obligations of the Trustee are upheld. Sue brings 30 years of financial services experience in senior

brings 30 years of financial services experience in senior leadership roles across both superannuation and non-superannuation products. Sue was appointed as Head of Office of the Superannuation Trustee on 8 August 2022.  Qualifications: Graduate, AICD Ros NairnFinancial Controller Ros is

Graduate, AICD Ros NairnFinancial Controller Ros is responsible for the design and oversight of the Finance service delivery for the Super business. Ros is a senior finance leader with over 20 years’ experience in the Superannuation and Funds Management Industry in Australia, US and UK. Ros was

Funds Management Industry in Australia, US and UK. Ros was appointed as Financial Controller – Superannuation on 4 August 2021. Qualifications: Bachelor of CommerceChartered AccountantMore about VanguardInvestment stewardship Diversity, equity and inclusion Vanguard logoConnect with

equity and inclusion Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInAbout us About us Choose your super Investments at a glance Lifecycle Diversified Single sector Insurance options Performance & fees Performance Calculate your fee Help FAQs Documents & forms Contact us

Calculate your fee Help FAQs Documents & forms Contact us Vanguard SuperUSI/SPIN VSF0001AUABN 27 923 449 966 General Advice Warning Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee of Vanguard Super (ABN 27923449966) and the issuer of Vanguard Super

Super (ABN 27923449966) and the issuer of Vanguard Super products. The Trustee has contracted Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) to provide some services to members of Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are

general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc. (collectively, "Vanguard"). The information provided on this website is general in nature and doesn’t take into account your personal financial objectives, situation or

account your personal financial objectives, situation or needs. You should consider your objectives, financial situation or needs, and the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before making any decision about Vanguard Super. The PDS and TMD can also be

decision about Vanguard Super. The PDS and TMD can also be accessed free of charge by calling 1300 655 101. Before you make any financial decision regarding Vanguard Super, you may wish to seek professional advice from a suitably qualified adviser. Any past performance information is given for

adviser. Any past performance information is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. This website was prepared in good faith and we accept no liability for any errors or omissions. Important Legal Notice Offer not to

errors or omissions. Important Legal Notice Offer not to persons outside Australia. The PDS does not constitute an offer or invitation in any jurisdiction other than in Australia. Applications from outside Australia will not be accepted. For the avoidance of doubt, these products are not

For the avoidance of doubt, these products are not intended to be sold to US Persons as defined under Regulation S of the US federal securities laws. © 2022 Vanguard Investments Australia Ltd. All rights reserved. Terms and conditions of use | Privacy policy | Whistleblower policy | Accessibility

| Privacy policy | Whistleblower policy | Accessibility | Privacy Collection Statement |Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and

their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au super choose your super diversified.    Diversified | Super investment options | Vanguard Super  You need to enable JavaScript to run this app Skip to main

You need to enable JavaScript to run this app Skip to main contentSuperannuation Superannuation , selected Vanguard Australia Investments Financial advisers Institutional investors Media centre Careers Vanguard Global sites Join Vanguard Super Log in Vanguard logo About us Choose your

Vanguard Super Log in Vanguard logo About us Choose your super Performance & Fees Help Vanguard logoJoin Vanguard Super Log in About us Choose your superPerformance & FeesHelpYou Are ViewingSuperannuationExplore your investment optionsLearn all about our auto-adjusting Lifecycle option,

all about our auto-adjusting Lifecycle option, curated diversified funds and single sector building blocks. Choose your investment type Lifecycle Diversified Single Sector Lifecycle Diversified Single Sector Your questions, answeredIs there a minimum investment amount to join?No. You

there a minimum investment amount to join?No. You do not need a minimum super balance to join Vanguard Super.  What is ESG investing?ESG stands for environmental, social and governance. These are the criteria that can play a role in deciding what companies or sectors an ESG option invests in. You

what companies or sectors an ESG option invests in. You may hear the term used interchangeably with "socially responsible investing (SRI)" and "sustainable investing." ESG issues can impact a company’s financial performance, so an investment option that considers ESG issues could fit your

investment option that considers ESG issues could fit your financial goals and may also suit your personal preferences. For more, read Vanguard's approach to ESG. It’s super, but not as you know it Join Vanguard Super Want us to do some of the work for you? Explore our auto-adjusting

us to do some of the work for you? Explore our auto-adjusting option.Explore LifecycleVanguard logoConnect with usFacebookYoutubeTwitterLinkedInAbout us About us Choose your super Investments at a glance Lifecycle Diversified Single sector Insurance options Performance & fees

Single sector Insurance options Performance & fees Performance Calculate your fee Help FAQs Documents & forms Contact us Vanguard SuperUSI/SPIN VSF0001AUABN 27 923 449 966 General Advice Warning Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee of

614 386 / AFS Licence 526270) (the Trustee) is the trustee of Vanguard Super (ABN 27923449966) and the issuer of Vanguard Super products. The Trustee has contracted Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) to provide some services to members of Vanguard

(VIA) to provide some services to members of Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc. (collectively, "Vanguard"). The information provided on this website is general in nature and doesn’t take into

on this website is general in nature and doesn’t take into account your personal financial objectives, situation or needs. You should consider your objectives, financial situation or needs, and the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before making any

and Target Market Determination (TMD) before making any decision about Vanguard Super. The PDS and TMD can also be accessed free of charge by calling 1300 655 101. Before you make any financial decision regarding Vanguard Super, you may wish to seek professional advice from a suitably qualified

wish to seek professional advice from a suitably qualified adviser. Any past performance information is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. This website was prepared in good faith and we accept no liability for

was prepared in good faith and we accept no liability for any errors or omissions. Important Legal Notice Offer not to persons outside Australia. The PDS does not constitute an offer or invitation in any jurisdiction other than in Australia. Applications from outside Australia will not be

Applications from outside Australia will not be accepted. For the avoidance of doubt, these products are not intended to be sold to US Persons as defined under Regulation S of the US federal securities laws. © 2022 Vanguard Investments Australia Ltd. All rights reserved. Terms and conditions of

Ltd. All rights reserved. Terms and conditions of use | Privacy policy | Whistleblower policy | Accessibility | Privacy Collection Statement |Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We

throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au super choose your super insurance through super.    Super insurance | Vanguard Super  You need to enable

super.    Super insurance | Vanguard Super  You need to enable JavaScript to run this app Skip to main contentSuperannuation Superannuation , selected Vanguard Australia Investments Financial advisers Institutional investors Media centre Careers Vanguard Global sites Join Vanguard Super Log

Careers Vanguard Global sites Join Vanguard Super Log in Vanguard logo About us Choose your super Performance & Fees Help Vanguard logoJoin Vanguard Super Log in About us Choose your superPerformance & FeesHelpYou Are ViewingSuperannuationInsurance optionsGetting insurance cover through

optionsGetting insurance cover through superWe offer Death, TPD (Total & Permanent Disablement) and Income Protection insurance to eligible members. It’s a way of protecting you and your family if life were to take an unexpected turn. Join Vanguard Super Some benefits of being insured through

Join Vanguard Super Some benefits of being insured through super Premiums are typically lower than going directly through an insurance provider. We don't add a margin on top either, which means you only pay what our provider charges. If you’re eligible, you don’t need to see a doctor or have a

If you’re eligible, you don’t need to see a doctor or have a health check to receive default cover. Premiums are taken out of your super account, so nothing extra comes out of your take home pay. Three types of coverWe hope you remain healthy and financially secure throughout your life and never need

and financially secure throughout your life and never need to use any of this cover. If something unexpected were to happen though, insurance can help support you and your family. For those who are eligible, we offer three types of cover through Vanguard Super: TPD (Total & Permanent Disablement)

Vanguard Super: TPD (Total & Permanent Disablement) Included in our default cover If you are unable to work due to a permanent disability, TPD Cover can help ease the financial burden with a lump sum payment. You can only have TPD Cover if you also have Death Cover though, and your amount of TPD Cover

also have Death Cover though, and your amount of TPD Cover can't be more than your Death Cover.Death Cover Included in our default cover If you become terminally ill or pass away, you or your beneficiary/ beneficiaries will receive a lump sum payment to help alleviate some of the financial stress

sum payment to help alleviate some of the financial stress that might arise.Income Protection Not included in default cover If you can't work temporarily because you're ill or injured, this cover provides a monthly payment for up to two years, or up to five years, to support you in your

for up to two years, or up to five years, to support you in your recovery.Your level of default cover changes with your ageWhen you join Vanguard Super and meet the eligibility conditions, you’ll automatically receive a basic level of Death and TPD Cover. You can cancel this default cover at any

Death and TPD Cover. You can cancel this default cover at any time.      Our default cover needs to suit a broad range of members, which is why we've designed it to change with you as you age.  This default cover starts low when you’re young and most likely to be independent. In your 30s and 40s, your

and most likely to be independent. In your 30s and 40s, your default cover increases to accommodate life changes – many people have more debt during these years, along with families to protect. Then, as you get older, your default cover will start to reduce again. Find your level of default cover and

start to reduce again. Find your level of default cover and the premiums that apply in our Insurance Guide. Adjust your insurance to suit youOur default cover isn’t compulsory – you’re free to cancel or adjust it at any point. You can also opt out before it starts.  If you need more cover for any

also opt out before it starts.  If you need more cover for any reason, you can apply for additional cover (including Income Protection) by logging in to your Vanguard Super account. You can also reduce your level of cover if it’s not right or your situation changes. In real lifeNow Asher is 31 years

or your situation changes. In real lifeNow Asher is 31 years old and will receive $198, 650 of Death Cover, and $99,325 of TPD Cover automatically when she joins Vanguard Super and meets the eligibility criteria. Next year On her next birthday, Asher's cover will increase to $214, 810 of Death

birthday, Asher's cover will increase to $214, 810 of Death Cover, and $107, 405 of TPD Cover. Her premiums will change as well, to reflect this increase. Find your level of default cover and the premiums that apply in our Insurance Guide. Check your eligibilityTo be eligible for insurance cover,

Check your eligibilityTo be eligible for insurance cover, you need to: Be a member of Vanguard Super Be over 18 Be under the age of 65 for TPD and Income Protection Cover, and under the age of 70 for Death Cover Be an Australian citizen or Visa holder Have worked a minimum of 15 hours per week in the last 3

holder Have worked a minimum of 15 hours per week in the last 3 months to be eligible for TPD and Income Protection Cover Be in a job that isn't considered a Hazardous Occupation for TPD and Income Protection Cover Have not previously received, or be eligible to claim, a Terminal Illness or TPD benefit

or be eligible to claim, a Terminal Illness or TPD benefit from us, or from another super fund or insurer Have not previously received, or be eligible to receive, a benefit in accordance with the conditions of release under the Superannuation Industry (Supervision) Regulations 1994 (Cth) for

Industry (Supervision) Regulations 1994 (Cth) for terminal medical condition or permanent incapacity, either from us or another super fund When cover will start automaticallyIf you’re eligible for default Death and TPD cover, your cover will automatically start when you meet the following

cover will automatically start when you meet the following criteria (unless you've chosen to start your default cover early): You're 25 years or older You've got $6,000 or more in your account Your employer has made a superannuation guarantee (SG) contribution into your Vanguard Super account

(SG) contribution into your Vanguard Super account on your behalf Helpful forms & documentsVanguard Super SaveSmart Product Disclosure StatementA summary of key information about investing in Vanguard Super SaveSmart. Everything from how we invest your money, our fees and costs, to how your

from how we invest your money, our fees and costs, to how your super is taxed. Download PDF Insurance in your superLearn more about insurance through your Vanguard Super SaveSmart account, including types of cover, eligibility, costs, changing or cancelling cover, and how to claim. Download PDF

or cancelling cover, and how to claim. Download PDF Target market determinationMore about the consumer suited to Vanguard Super's SaveSmart offer. Contains information on their likely objectives, financial situation and needs (the "target market"). Also contains details on the

needs (the "target market"). Also contains details on the distribution conditions for Vanguard Super products. Download PDF Your questions, answeredWhat are my insurance options if I already have cover somewhere else?  If you already have cover through another super fund, you have a couple

have cover through another super fund, you have a couple of options. You can:  Transfer your cover to Vanguard Super. Keep your cover where it is.  Opt out of our default cover through Vanguard Super. You can do this when you join. If you've joined through an employer, you'll need to complete an Opt

joined through an employer, you'll need to complete an Opt out of default cover form.   Can I increase/decrease my level of cover? As part of your Vanguard Super SaveSmart account you have access to simple, smart and flexible cover that you can change according to your needs. Apply to increase,

you can change according to your needs. Apply to increase, decrease or cancel your cover at any time. If you’ve got any questions about your insurance options, don’t hesitate to get in touch on 1300 655 101 and we’ll help you get it sorted. We're here to talkIf you’re struggling to find the

sorted. We're here to talkIf you’re struggling to find the information you need, or you have questions that haven’t been answered yet, we can help. Call us on 1300 655 101 between 8am and 6pm (AET), Monday to Friday. It’s super, but not as you know it Join Vanguard Super Vanguard logoConnect with

you know it Join Vanguard Super Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInAbout us About us Choose your super Investments at a glance Lifecycle Diversified Single sector Insurance options Performance & fees Performance Calculate your fee Help FAQs Documents & forms

Performance Calculate your fee Help FAQs Documents & forms Contact us Vanguard SuperUSI/SPIN VSF0001AUABN 27 923 449 966 General Advice Warning Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee of Vanguard Super (ABN 27923449966) and the issuer of

of Vanguard Super (ABN 27923449966) and the issuer of Vanguard Super products. The Trustee has contracted Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) to provide some services to members of Vanguard Super. Any general advice is provided by VIA. The Trustee

Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc. (collectively, "Vanguard"). The information provided on this website is general in nature and doesn’t take into account your personal financial objectives,

take into account your personal financial objectives, situation or needs. You should consider your objectives, financial situation or needs, and the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before making any decision about Vanguard Super. The PDS and TMD can

any decision about Vanguard Super. The PDS and TMD can also be accessed free of charge by calling 1300 655 101. Before you make any financial decision regarding Vanguard Super, you may wish to seek professional advice from a suitably qualified adviser. Any past performance information is given

their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au super choose your super investment options.    Super investment options | Vanguard Super  You need to enable JavaScript to run this app Skip to main

Vanguard Super Log in Vanguard logo About us Choose your super Performance & Fees Help Vanguard logoJoin Vanguard Super Log in About us Choose your superPerformance & FeesHelpYou Are ViewingSuperannuationInvestments at a glanceVanguard Super’s investment options to suit every type of

Super’s investment options to suit every type of investor.What's your investment style?I tend to be more hands off For all investors Take a look at our expertly devised Lifecycle option. It's been intelligently designed to focus on growth investments in your younger years and gradually

on growth investments in your younger years and gradually introduce more defensive investments as you age, decreasing your investment risk as you near retirement. Lifecycle is our pride and joy, and the default MySuper option for every new member. Explore Lifecycle Automatic

option for every new member. Explore Lifecycle Automatic self-adjustingThis is the brilliance of Lifecycle. Its investment mix automatically adjusts according to your age, without any extra effort on your part.Expert ledVanguard has 45+ years of global investment expertise. We’ve put all

has 45+ years of global investment expertise. We’ve put all that to work in Lifecycle, intelligently designed to automatically adjust its investment mix as you age.Low yearly fee of 0.58%That’s $290 per year on a balance of $50,000.Your yearly fee is made up of administration, investment and

yearly fee is made up of administration, investment and transaction fees and costs. There may be other fees, see our fees for details.OrI take a hands-on approach For confident investors If you'd like to put your super together yourself, you can mix and match investment options to build a super

you can mix and match investment options to build a super portfolio that's unique to you. You'll be able to choose from all our investment options (including Lifecycle) and be in charge of managing your asset allocation. Explore my investment options Automatic

allocation. Explore my investment options Automatic self-adjustingLifecycleDiversifiedHigh Growth Ethically Conscious Growth Growth Balanced ConservativeSingle SectorAustralian Shares International Shares International Shares (hedged) Australian Fixed Interest Global Fixed

Shares (hedged) Australian Fixed Interest Global Fixed Interest (hedged) CashLooking for something else?Calculate your fee Our performance Our investment expertise Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInAbout us About us Choose your super Investments at a glance

us About us Choose your super Investments at a glance Lifecycle Diversified Single sector Insurance options Performance & fees Performance Calculate your fee Help FAQs Documents & forms Contact us Vanguard SuperUSI/SPIN VSF0001AUABN 27 923 449 966 General Advice Warning Vanguard Super Pty

27 923 449 966 General Advice Warning Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee of Vanguard Super (ABN 27923449966) and the issuer of Vanguard Super products. The Trustee has contracted Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS

Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) to provide some services to members of Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc. (collectively, "Vanguard"). The

The Vanguard Group, Inc. (collectively, "Vanguard"). The information provided on this website is general in nature and doesn’t take into account your personal financial objectives, situation or needs. You should consider your objectives, financial situation or needs, and the Product

objectives, financial situation or needs, and the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before making any decision about Vanguard Super. The PDS and TMD can also be accessed free of charge by calling 1300 655 101. Before you make any financial decision

1300 655 101. Before you make any financial decision regarding Vanguard Super, you may wish to seek professional advice from a suitably qualified adviser. Any past performance information is given for illustrative purposes only and should not be relied upon as, and is not, an indication of

and should not be relied upon as, and is not, an indication of future performance. This website was prepared in good faith and we accept no liability for any errors or omissions. Important Legal Notice Offer not to persons outside Australia. The PDS does not constitute an offer or invitation in any

The PDS does not constitute an offer or invitation in any jurisdiction other than in Australia. Applications from outside Australia will not be accepted. For the avoidance of doubt, these products are not intended to be sold to US Persons as defined under Regulation S of the US federal securities

as defined under Regulation S of the US federal securities laws. © 2022 Vanguard Investments Australia Ltd. All rights reserved. Terms and conditions of use | Privacy policy | Whistleblower policy | Accessibility | Privacy Collection Statement |Vanguard and its employees wish to acknowledge

Statement |Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au

to their Elders past, present and emerging. d.com.au super choose your super lifecycle.html.    Lifecycle | Vanguard's Default MySuper Product | Vanguard Super  You need to enable JavaScript to run this app Skip to main contentSuperannuation Superannuation , selected Vanguard Australia

Superannuation , selected Vanguard Australia Investments Financial advisers Institutional investors Media centre Careers Vanguard Global sites Join Vanguard Super Log in Vanguard logo About us Choose your super Performance & Fees Help Vanguard logoJoin Vanguard Super Log in About us

& Fees Help Vanguard logoJoin Vanguard Super Log in About us Choose your superPerformance & FeesHelpYou Are ViewingSuperannuationExplore your investment optionsLearn all about our auto-adjusting Lifecycle option, curated diversified options and single sector building blocks. Choose

options and single sector building blocks. Choose your investment type Lifecycle Diversified Single Sector Lifecycle Diversified Single Sector LifecycleThe best investment portfolios are tweaked over time. We developed Lifecycle to do this for you, automatically. Drawing on 45+ years of

to do this for you, automatically. Drawing on 45+ years of Vanguard’s global investment expertise, Lifecycle’s been intelligently designed to focus on growth investments in your younger years and gradually introduce more defensive investments as you age, decreasing your investment risk as

investments as you age, decreasing your investment risk as you near retirement. All without you having to lift a finger. Join Vanguard Super Lifecycle automatically adjusts its investment mix according to your age   Automatic self-adjustingThis is the brilliance of Lifecycle. Its investment

is the brilliance of Lifecycle. Its investment mix automatically adjusts according to your age, without any extra effort on your part.Expert LedVanguard has 45+ years of global investment expertise. We’ve put all that to work in Lifecycle, intelligently designed to automatically adjust its

intelligently designed to automatically adjust its investment mix as you age.Low fee of 0.58% p.a.That’s $290 per year on a balance of $50,000.Your yearly fee is made up of administration, investment and transaction fees and costs. There may be other fees and costs, see our fees for

and costs. There may be other fees and costs, see our fees for details.Lifecycle automatically changes with youPlay with the slider to see how Lifecycle changes as you age. investments.lifecycle.alert.messageYour questions, answeredIs there a minimum investment amount to join?No. You do

there a minimum investment amount to join?No. You do not need a minimum super balance to join Vanguard Super.  Can I opt out of Lifecycle when I want? You can change how your super is invested via Vanguard Online at any time.  If you’re invested in our Lifecycle investment option, for example, you

in our Lifecycle investment option, for example, you can switch to our Diversified investment options, or our Single Sector investment options, if you’d prefer to build your own unique portfolio. You can make these changes anytime via Vanguard Online.  If you don’t select a specific investment

Online.  If you don’t select a specific investment option (or options) when you first join us, you’ll automatically become a Vanguard MySuper member, and your account will be invested in our Lifecycle investment option. If you’d prefer to build your own portfolio, you have the choice of mixing

to build your own portfolio, you have the choice of mixing and matching investments using our Lifecycle, Single Sector and Diversified investment options to build your own unique portfolio. It’s super, but not as you know it Join Vanguard Super Looking for something else?Calculate your fee

Super Looking for something else?Calculate your fee Investment options at a glance About us Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInAbout us About us Choose your super Investments at a glance Lifecycle Diversified Single sector Insurance options Performance & fees

throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au super choose your super lifecycle.    Lifecycle | Vanguard's Default MySuper Product | Vanguard Super

| Vanguard's Default MySuper Product | Vanguard Super  You need to enable JavaScript to run this app Skip to main contentSuperannuation Superannuation , selected Vanguard Australia Investments Financial advisers Institutional investors Media centre Careers Vanguard Global sites Join

investors Media centre Careers Vanguard Global sites Join Vanguard Super Log in Vanguard logo About us Choose your super Performance & Fees Help Vanguard logoJoin Vanguard Super Log in About us Choose your superPerformance & FeesHelpYou Are ViewingSuperannuationExplore your investment

Are ViewingSuperannuationExplore your investment optionsLearn all about our auto-adjusting Lifecycle option, curated diversified options and single sector building blocks. Choose your investment type Lifecycle Diversified Single Sector Lifecycle Diversified Single Sector

Single Sector Lifecycle Diversified Single Sector LifecycleThe best investment portfolios are tweaked over time. We developed Lifecycle to do this for you, automatically. Drawing on 45+ years of Vanguard’s global investment expertise, Lifecycle’s been intelligently designed to focus on

Lifecycle’s been intelligently designed to focus on growth investments in your younger years and gradually introduce more defensive investments as you age, decreasing your investment risk as you near retirement. All without you having to lift a finger. Join Vanguard Super Lifecycle

you having to lift a finger. Join Vanguard Super Lifecycle automatically adjusts its investment mix according to your age   Automatic self-adjustingThis is the brilliance of Lifecycle. Its investment mix automatically adjusts according to your age, without any extra effort on your

according to your age, without any extra effort on your part.Expert LedVanguard has 45+ years of global investment expertise. We’ve put all that to work in Lifecycle, intelligently designed to automatically adjust its investment mix as you age.Low fee of 0.58% p.a.That’s $290 per year on a

mix as you age.Low fee of 0.58% p.a.That’s $290 per year on a balance of $50,000.Your yearly fee is made up of administration, investment and transaction fees and costs. There may be other fees and costs, see our fees for details.Lifecycle automatically changes with youPlay with the slider to see

automatically changes with youPlay with the slider to see how Lifecycle changes as you age. investments.lifecycle.alert.messageYour questions, answeredIs there a minimum investment amount to join?No. You do not need a minimum super balance to join Vanguard Super.  Can I opt out of Lifecycle

balance to join Vanguard Super.  Can I opt out of Lifecycle when I want? You can change how your super is invested via Vanguard Online at any time.  If you’re invested in our Lifecycle investment option, for example, you can switch to our Diversified investment options, or our Single Sector

our Diversified investment options, or our Single Sector investment options, if you’d prefer to build your own unique portfolio. You can make these changes anytime via Vanguard Online.  If you don’t select a specific investment option (or options) when you first join us, you’ll automatically

(or options) when you first join us, you’ll automatically become a Vanguard MySuper member, and your account will be invested in our Lifecycle investment option. If you’d prefer to build your own portfolio, you have the choice of mixing and matching investments using our Lifecycle, Single

and matching investments using our Lifecycle, Single Sector and Diversified investment options to build your own unique portfolio. It’s super, but not as you know it Join Vanguard Super Looking for something else?Calculate your fee Investment options at a glance About us Vanguard logoConnect

options at a glance About us Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInAbout us About us Choose your super Investments at a glance Lifecycle Diversified Single sector Insurance options Performance & fees Performance Calculate your fee Help FAQs Documents & forms Contact

their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au super choose your super single sector.    Single Sector | Super investment options | Vanguard Super  You need to enable JavaScript to run this app Skip to main

all about our auto-adjusting Lifecycle option, curated diversified options and single sector building blocks. Choose your investment type Lifecycle Diversified Single Sector Lifecycle Diversified Single Sector Your questions, answeredIs there a minimum investment amount to join?No.

answeredIs there a minimum investment amount to join?No. You do not need a minimum super balance to join Vanguard Super.  It’s super, but not as you know it Join Vanguard Super Want us to do a bit of the work for you? Explore our auto-adjusting option.Explore LifecycleVanguard logoConnect with

option.Explore LifecycleVanguard logoConnect with usFacebookYoutubeTwitterLinkedInAbout us About us Choose your super Investments at a glance Lifecycle Diversified Single sector Insurance options Performance & fees Performance Calculate your fee Help FAQs Documents & forms Contact

their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au super help contact us.    Contact us | Vanguard Super  You need to enable JavaScript to run this app Skip to main contentSuperannuation Superannuation , selected Vanguard

& Fees Help Vanguard logoJoin Vanguard Super Log in About us Choose your superPerformance & FeesHelpYou Are ViewingSuperannuationContact usFrom joining up to making the most of your super – we’re here to answer your questions. Starting a new job or switching to Vanguard Super?Great. Here’s the

a new job or switching to Vanguard Super?Great. Here’s the information your employer will need to get you set up. USI/SPIN & ABNUSI/SPIN VSF0001AUABN 27 923 449 966AddressPO Box 18031 Collins St East VIC 8003For your employerComplete the Have my super paid into Vanguard Super form and give it to

the Have my super paid into Vanguard Super form and give it to your employer. In some cases, they'll also require a Letter of Compliance. Get in touchLog into Vanguard OnlineMembers, you can skip the queue by sending a secure message from your account. Member Login Call usSpeak with the Vanguard

your account. Member Login Call usSpeak with the Vanguard Super team on 1300 655 101 8am–6pm (AET), Monday to Friday.PostPrefer snail mail? Our postal address is: PO Box 18031 Collins St East VIC 8003Media enquiriesVisit our Media Centre for press releases and media related enquiries. Go to our

for press releases and media related enquiries. Go to our Media CentreLatest news and updatesFacebookFollow us to stay up to date with the latest news and insights from Vanguard Super. Visit us on FacebookTwitterGet up to the minute news about what’s happening at Vanguard Super. Visit us on

news about what’s happening at Vanguard Super. Visit us on TwitterIt’s super, but not as you know it Join Vanguard Super Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInAbout us About us Choose your super Investments at a glance Lifecycle Diversified Single sector Insurance

at a glance Lifecycle Diversified Single sector Insurance options Performance & fees Performance Calculate your fee Help FAQs Documents & forms Contact us Vanguard SuperUSI/SPIN VSF0001AUABN 27 923 449 966 General Advice Warning Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270)

Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee of Vanguard Super (ABN 27923449966) and the issuer of Vanguard Super products. The Trustee has contracted Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) to provide some services

881 086 / AFS Licence 227263) (VIA) to provide some services to members of Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc. (collectively, "Vanguard"). The information provided on this website is general in

The information provided on this website is general in nature and doesn’t take into account your personal financial objectives, situation or needs. You should consider your objectives, financial situation or needs, and the Product Disclosure Statement (PDS) and Target Market Determination

Statement (PDS) and Target Market Determination (TMD) before making any decision about Vanguard Super. The PDS and TMD can also be accessed free of charge by calling 1300 655 101. Before you make any financial decision regarding Vanguard Super, you may wish to seek professional advice from a

Super, you may wish to seek professional advice from a suitably qualified adviser. Any past performance information is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. This website was prepared in good faith and we accept no

This website was prepared in good faith and we accept no liability for any errors or omissions. Important Legal Notice Offer not to persons outside Australia. The PDS does not constitute an offer or invitation in any jurisdiction other than in Australia. Applications from outside Australia will

Investments Australia Ltd. All rights reserved. Terms and conditions of use | Privacy policy | Whistleblower policy | Accessibility | Privacy Collection Statement |Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate

of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au super help documents and forms.    Documents and forms | Vanguard Super  You need to enable

Documents and forms | Vanguard Super  You need to enable JavaScript to run this app Skip to main contentSuperannuation Superannuation , selected Vanguard Australia Investments Financial advisers Institutional investors Media centre Careers Vanguard Global sites Join Vanguard Super Log in

Careers Vanguard Global sites Join Vanguard Super Log in Vanguard logo About us Choose your super Performance & Fees Help Vanguard logoJoin Vanguard Super Log in About us Choose your superPerformance & FeesHelpYou Are ViewingSuperannuationDocuments & formsFrom time to time Vanguard updates

& formsFrom time to time Vanguard updates its documents and forms – find them here.Just joined or switched jobs?Have my super paid into Vanguard SuperComplete this form to tell your employer to pay your contributions to Vanguard Super. Download PDF Letter of complianceGive this letter to your

Download PDF Letter of complianceGive this letter to your employer when you ask them to pay your contributions to Vanguard Super. This letter confirms Vanguard Super is a complying super fund. Download PDF Provide my Tax File NumberComplete this form to provide your TFN to Vanguard Super.

this form to provide your TFN to Vanguard Super. Download PDF About your super accountVanguard Super SaveSmart Product Disclosure StatementA summary of key information about investing in Vanguard Super SaveSmart. Everything from how we invest your money, our fees and costs, to how your super

we invest your money, our fees and costs, to how your super is taxed. Download PDF Your super guideA detailed guide to managing your Vanguard Super SaveSmart account. Learn about making contributions, accessing your money, nominating beneficiaries, as well as fees and costs, and tax. Download

beneficiaries, as well as fees and costs, and tax. Download PDF Your super guide member noticeImportant information regarding changes to Downsizer contribution age eligibility requirements. Download PDF Investing your superImportant information about investing your super with Vanguard

information about investing your super with Vanguard Super SaveSmart, including the investment options, how they’re managed, how to change your investments, and the investment-related risks of super. Download PDF Insurance in your superLearn more about insurance through your Vanguard

superLearn more about insurance through your Vanguard Super SaveSmart account, including types of cover, eligibility, costs, changing or cancelling cover, and how to claim. Download PDF MySuper dashboardDetail on Vanguard's MySuper option to help you compare our MySuper product with other

option to help you compare our MySuper product with other MySuper products (calculated for a member with an account balance of $50k). Download PDF Target Market DeterminationMore about the consumer suited to Vanguard Super's SaveSmart offer. Contains information on their likely objectives,

offer. Contains information on their likely objectives, financial situation and needs (the "target market"). Also contains details on the distribution conditions for Vanguard Super products. Download PDF Financial services guideKey information about services provided by Vanguard

guideKey information about services provided by Vanguard Investments Australia Ltd. including details on any fees and costs, remuneration and complaints handling. Download PDF Index informationIndex information for the Lifecycle, Diversified (except Ethically Conscious Growth),

Diversified (except Ethically Conscious Growth), International Shares and International Shares (Hedged) investment optionsLearn more about the exclusions that apply to these investment options. Download PDF Index information for the Ethically Conscious Growth investment optionLearn

the Ethically Conscious Growth investment optionLearn more about the exclusions that apply to this investment option. Download PDF Download PDF Fund governanceGoverning rules / Trust deedAll the rules for how Vanguard Super is set up and how it operates, including who can join and how your

up and how it operates, including who can join and how your benefits will be paid. Download PDF Vanguard Super constitutionEverything you need to know about how Vanguard Super manages governance matters including how we appoint and remove directors; pass resolutions and decide Directors'

remove directors; pass resolutions and decide Directors' remuneration, among other topics. Download PDF Board appointment & renewal policy All about our governance process when it comes to nominating, appointing and removing Directors. Download PDF Reports and other disclosuresRegister

Download PDF Reports and other disclosuresRegister of relevant interests & dutiesA register of any duties or interests held by Responsible Persons of Vanguard Super. Designed to keep stakeholders informed of where any conflicting duties may arise. Download PDF Fund service provider

duties may arise. Download PDF Fund service provider detailsThis document lists the names of key service providers for Vanguard Super. Download PDF TFN collection statementHow Vanguard Super collects, uses and discloses your tax file number (TFN). Download PDF Fund policiesESG &

your tax file number (TFN). Download PDF Fund policiesESG & stewardship policyRead about our approach to environmental, social and governance (ESG) considerations. How does Vanguard Super think about ESG in the context of delivering value to your Super? Download PDF Retirement income

value to your Super? Download PDF Retirement income strategyThis is a summary of Vanguard Super's retirement income strategy. Download PDF Complaints handling policyOur approach to resolving any member complaints in a fair, equitable and timely manner. Download PDF Conflicts management

and timely manner. Download PDF Conflicts management policyOur members trust us to act honestly and fairly at all times. This summary sets out how we manage potential or actual conflicts of interest across our business. Download PDF Proxy voting policyMore on the role of Vanguard Super and

Proxy voting policyMore on the role of Vanguard Super and Vanguard's Investment Stewardship team in the proxy voting process for companies Vanguard is invested in. Download PDF It’s super, but not as you know it Join Vanguard Super Vanguard logoConnect with

their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au super help faq.    FAQs | Vanguard Super  You need to enable JavaScript to run this app Skip to main contentSuperannuation Superannuation , selected Vanguard Australia

& Fees Help Vanguard logoJoin Vanguard Super Log in About us Choose your superPerformance & FeesHelpYou Are ViewingSuperannuationFrequently asked questionsJoining Vanguard SuperHow do I transfer to Vanguard Super? It's easy to make the switch to Vanguard Super. Simply sign up for your new

the switch to Vanguard Super. Simply sign up for your new account.  If you’re already a member, the fastest way to consolidate your super is via Vanguard Online or, alternatively, complete the Consolidate my super form. You’ve also got the option of doing this by logging into your MyGov

also got the option of doing this by logging into your MyGov account and transfer your super to Vanguard Super. To ensure your employer pays your contributions to your Vanguard account, you can complete the Have my super paid to Vanguard Super form. You need to give this to your employer to let

Super form. You need to give this to your employer to let them know Vanguard Super is a complying fund and will accept any contributions made on your behalf. It also provides details so your employer knows how to make those contributions. Or, if you’d prefer to speak to someone, give us a call

Or, if you’d prefer to speak to someone, give us a call on 1300 655 101. What are Vanguard Super's USI, ABN and other information HR might need?USI/SPIN VSF0001AU ABN 27 923 449 966 How do I notify my employer?You can do this by filling out a Have my super paid into Vanguard Super form and give to your

a Have my super paid into Vanguard Super form and give to your employer. Alternatively, you can complete a Superannuation (Super) Standard Choice Form available from the ATO’s website. Is there a minumum investment amount to join? No. You do not need a minimum super balance to join Vanguard

No. You do not need a minimum super balance to join Vanguard Super.  Is my international mobile / address accepted? To join Vanguard Super, you’ll need to provide an Australian mobile number and residential address. You’ll also need to live in Australia and be an Australian resident for tax

to live in Australia and be an Australian resident for tax purposes. If you’re a Vanguard Personal Investor client joining Vanguard Super, with an international mobile or address saved as your primary contact details (on your Vanguard profile), you won’t be able to sign up for Vanguard Super.

profile), you won’t be able to sign up for Vanguard Super. You’ll need to provide local contact details in your account set-up. To change an international mobile number, you’ll need to call Vanguard Client Services to update your mobile to a local number. Once this is updated, you can complete your

a local number. Once this is updated, you can complete your account set-up.  To change an international address, head to ‘Settings’ in Vanguard Online  What if I change my mind about having a Vanguard Super account?   If you join Vanguard Super as an individual, you can change your mind within

Super as an individual, you can change your mind within 14-days from the earlier of:  the date you receive confirmation that we’ve opened your account, or; five calendar days after your account is opened. During this time, you can cancel your membership with Vanguard Super and have your balance

your membership with Vanguard Super and have your balance returned. Your account balance will be calculated using the unit prices for your investment options that apply on the date your cancellation is processed. It will also be minus any withdrawals made during your membership, reasonable

any withdrawals made during your membership, reasonable transaction or administrative costs and any taxes payable, and will reflect any investment losses if applicable. As a result, the balance you receive may be less than the amount of your original investment. Unless you’ve reached your

of your original investment. Unless you’ve reached your preservation age or met an alternative condition of release, we’ll transfer your account to an approved super fund of your choice. If you cancel your membership during the 14-day cooling-off period you will not be entitled to any insurance

period you will not be entitled to any insurance benefits for that period and any insurance premiums you have paid will be refunded. For more on the 14-day cooling-off period, please refer to Your super guide. If you’d like to cancel your membership during this period, please write to us at:

your membership during this period, please write to us at: Vanguard Super PO Box 18031  Collins St East Vic 8003  If you joined Vanguard Super through your employer, the cooling off rights set out above don’t apply to you.  Can I send my documents via mail?Yes, you can. But to keep your important

documents via mail?Yes, you can. But to keep your important details secure we suggest you send any documents electronically via secure message using your Vanguard Online login. About Vanguard SuperWhat is Vanguard's philosophy? Vanguard's philosophy is all about our focus on you. We put this

philosophy is all about our focus on you. We put this into action in many ways. From our simple, yearly fee, to our commitment to clear communication, Vanguard Super is grounded in our longstanding commitment to put our clients' interests first. Globally, Vanguard Group Inc.’s scale, combined

first. Globally, Vanguard Group Inc.’s scale, combined with a focus on efficient investment management, helps to keep costs low. And that means more of your money stays in your account, helping to grow your retirement balance. For more, head to About us. Who is the Vanguard Super team? What is

head to About us. Who is the Vanguard Super team? What is their experience and expertise?When it comes to your super, you want the best minds in the business running the show. We're proud to say we've got this kind of leadership and expertise at Vanguard Super, both in our highly qualified Board of

at Vanguard Super, both in our highly qualified Board of Directors and the broader Vanguard Super Management Team. For more on our Board, see About us. Do you have a mobile app? Yes. You can download the Vanguard Australia app from the App Store or Google Play*. As a Vanguard Super member you’ll have

or Google Play*. As a Vanguard Super member you’ll have immediate access to our secure online portal for a simple, easy way to manage all aspects of your Vanguard Super account. Access your account anytime via all your devices. We want our members to have a seamless, simple experience every time

members to have a seamless, simple experience every time they’re logged on, whether through Vanguard Online, our secure portal, or any other applications.    *Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple

and other countries. App Store is a service mark of Apple Inc. registered in the U.S. and other countries. Google Play and the Google Play logo are trademarks of Google LLC. FeesHow do I work out my yearly fees and costs? We want you to always be clear about exactly how much you’re paying for your super.

clear about exactly how much you’re paying for your super. Your yearly fee is all mapped out for you on Vanguard Online - including what portion of your fee goes to admin, transaction and investment costs.  For example, if you have $50,000 in the Vanguard MySuper (Lifecycle) investment option,

in the Vanguard MySuper (Lifecycle) investment option, you’ll have: Administration fees and costs equivalent to 0.35% of your account balance per year  Investment fees and costs equivalent to 0.21% of your account balance per year  Transaction costs equivalent to 0.02% of your account

Transaction costs equivalent to 0.02% of your account balance per year.  Therefore, for a balance of $50,000 in the Vanguard MySuper (Lifecycle) investment option at the beginning of the year, you will be charged or have deducted from your investment, fees and costs of $290 for that year.  Note

your investment, fees and costs of $290 for that year.  Note that additional fees may apply. For example, if you invest in investment options other than Vanguard MySuper (Lifecycle), the investment fees and costs and transaction costs may be different to those shown in the example above. More

may be different to those shown in the example above. More details are available in the ‘Fees and costs’ information in Your super guide. Alternatively, for a clear breakdown of the cost of product, use our fee calculator to see the yearly fees and costs that apply to your super balance. In

yearly fees and costs that apply to your super balance. In addition, if you want to see how our MySuper fees stack up against the competition, use the ATO’s YourSuper comparison tool.   How do I know what the admin charge is within my 'yearly fee'?Administration fees are deducted from your super

fee'?Administration fees are deducted from your super account every month. You’ll see them listed clearly as monthly transactions in your record of account activity available via Vanguard Online. (Also, it’s good to know you won’t pay any admin fees on the portion of your super account above

pay any admin fees on the portion of your super account above $850,000.)  How do I compare Vanguard Super’s fees to other funds? If you want to see how our MySuper fees stack up against other super funds, use the ATO’s YourSuper comparison tool. Contributing to superHow are my super contributions

tool. Contributing to superHow are my super contributions taxed? Super is taxed in a range of ways, but it’s generally taxed at lower rates than many other forms of investment to encourage retirement savings. Any Superannuation Guarantee (SG) contributions your employer makes to your Vanguard

(SG) contributions your employer makes to your Vanguard Super - or any other super account – are generally taxed at 15%. If you make super contributions as part of a salary sacrifice scheme with your employer, these are also generally taxed in the super fund at a rate of 15%. There are some instances

in the super fund at a rate of 15%. There are some instances where the tax rate may be higher (for instance, if you go over the contribution caps, or if you’re a high- income earner, you’ll pay higher rates of tax.)  Any personal contributions you make, such as personal non-deductible contributions,

you make, such as personal non-deductible contributions, and spouse contributions, are generally not taxed. Note there are limits on the amount of contributions you can make. If you go over these limits, you may be taxed. For more on how your super contributions are taxed, refer to Vanguard

how your super contributions are taxed, refer to Vanguard Super’s Your super guide (under ‘How super is taxed’).  I’m an employer. How do I make a contribution to Vanguard Super for an employee who has asked me to?As an employer, you can make contributions to Vanguard Super via a clearing house.

make contributions to Vanguard Super via a clearing house. Vanguard’s preferred clearing house is SuperChoice. Can I use the Vanguard Super Clearing House (SuperChoice) to make contributions?Yes, you can. Register to use SuperChoice if you aren’t already registered.   Can I make a

SuperChoice if you aren’t already registered.   Can I make a contribution to Vanguard Super using my existing Clearing House arrangement?Yes, you can.  Investment optionsWhat are the different investment options with Vanguard Super?As a Vanguard Super member, you get to choose how your

Super?As a Vanguard Super member, you get to choose how your super’s invested.  Whether you’d like a ready-made, diversified portfolio that’s already been constructed for you, or you’d prefer to select your investments to create your own unique portfolio, we’ve got something to suit your

your own unique portfolio, we’ve got something to suit your needs. If you prefer to construct your own portfolio, you'll have the choice of selecting different investment options when you sign up. Get a good overview of your choices here. Of course, you don’t have to make an investment choice. If

Of course, you don’t have to make an investment choice. If you don’t select a specific investment option (or options), you’ll automatically become a Vanguard MySuper member, and we’ll invest your super in our Lifecycle investment option, (this is the MySuper investment option for Vanguard

(this is the MySuper investment option for Vanguard Super).  If you want more on how we invest your money, check our Investing Your Super guide. What is Vanguard's MySuper option? If you don’t make an investment choice when you join, you’ll automatically become a Vanguard MySuper member, and

automatically become a Vanguard MySuper member, and we’ll invest your super in our default Lifecycle investment option. Lifecycle is a diversified investment option with a dynamic asset class mix. The mix automatically adjusts as you get older, gradually reducing your exposure to investment

get older, gradually reducing your exposure to investment risk.  We're proud to offer this simple but sophisticated approach as our default option for members. Can I change my investments?As a Vanguard Super member, you get to choose how you'd like your money invested. Whether it’s a

to choose how you'd like your money invested. Whether it’s a ready-made, diversified portfolio of investments pre-selected by the experts; a selection of sector-specific options you can use as building-blocks to create your own portfolio, or the Lifecycle investment option that

own portfolio, or the Lifecycle investment option that automatically adjusts according to your age – the choice is yours. You can change the way your Vanguard Super account is invested at any stage. For instance, if you’d like to switch from our Lifecycle investment option to a Single Sector

from our Lifecycle investment option to a Single Sector investment option (or vice versa) you can make these changes anytime via Vanguard Online.  Can I opt out of the default Lifecycle when I want? You can change how your super is invested via Vanguard Online at any time.  If you’re invested in our

via Vanguard Online at any time.  If you’re invested in our Lifecycle investment option, for example, you can switch to our Diversified investment options, or our Single Sector investment options, if you’d prefer to build your own unique portfolio. You can make these changes anytime via

unique portfolio. You can make these changes anytime via Vanguard Online.  If you don’t select a specific investment option (or options) when you first join us, you’ll automatically become a Vanguard MySuper member, and your account will be invested in our Lifecycle investment option. If you’d

be invested in our Lifecycle investment option. If you’d prefer to build your own portfolio, you have the choice of mixing and matching investments using our Lifecycle, Single Sector and Diversified investment options to build your own unique portfolio. Can I invest in ETFs directly through my

unique portfolio. Can I invest in ETFs directly through my Vanguard Super account? You can’t invest directly in Vanguard ETFs through your Vanguard Super account. You are, however, able to invest in the same underlying assets that make up our ETFs.  For example, if you’d like to invest in

make up our ETFs.  For example, if you’d like to invest in Australian Shares, you can invest directly in the Vanguard Australian Shares Index Fund as opposed to the Vanguard Australian Shares Index ETF. Outside of Super, you can also invest directly in Vanguard ETFs via our Personal Investor

invest directly in Vanguard ETFs via our Personal Investor platform or other brokerage platforms. Consolidate your superIs it free to transfer to Vanguard Super? While there’s no cost from Vanguard Super to transfer your super, it’s worth checking what costs may be charged by your existing fund

checking what costs may be charged by your existing fund to transfer. It’s also worth checking any impact a change of funds may have on your insurance cover.  You can transfer your super to Vanguard Super at any time. To make the move, start by signing up to become a Vanguard Super member. You'll need

by signing up to become a Vanguard Super member. You'll need to let your employer know where to make future contributions, so make sure you fill out a Have my super paid to Vanguard Super form while you're there.  How do I combine all my super accounts?Once you’re set-up with your Vanguard Super

accounts?Once you’re set-up with your Vanguard Super account, you can combine any other super accounts you may have into your new Vanguard Super account. To do this, we suggest: Logging into Vanguard Online to search for your other super accounts. You’ll need one form of ID and your TFN if you

super accounts. You’ll need one form of ID and your TFN if you haven’t already provided it.  We’ll send you an email shortly after you join to step you through the process. After you get the results of the search, you can also ask Vanguard Super to combine them for you (excluding SMSF’s.) Completing a

to combine them for you (excluding SMSF’s.) Completing a form through Vanguard Online. If you want to transfer whole or part of your super balance using a form, complete the Consolidate My Super form. Send it to Vanguard Super via secure message and we’ll complete the rest of the process.

secure message and we’ll complete the rest of the process.  Consolidating through the Australian Taxation Office (ATO). An alternative way to consolidate your super accounts is through your myGov account linked to the ATO. You’ll see your existing super accounts listed under the ‘Super’ tab

your existing super accounts listed under the ‘Super’ tab within the ATO site. The ATO’s site can take a number of working days to update, so ensure you check back if it’s not there. From here you can manage and ‘transfer’ your super accounts. For more information about the myGov consolidation

For more information about the myGov consolidation process, see the ATO's website. It’s also worth noting, if you want to transfer funds from an SMSF you will need to use Option 2 or Option 3.  InsuranceWhat type of cover is Vanguard Super's default cover? As a Vanguard Super member, if you’re

default cover? As a Vanguard Super member, if you’re eligible for cover we'll provide you with a basic level of Death and Total & Permanent Disablement (TPD) cover. The premiums are paid from your super account monthly, so nothing extra comes out of your pocket. Vanguard Super also offers Income

comes out of your pocket. Vanguard Super also offers Income Protection cover for eligible members. You need to apply for this separately, as it’s not part of the default cover we offer. We’ve done this to keep our default cover as affordable as possible, and to avoid unnecessarily eroding your

as possible, and to avoid unnecessarily eroding your retirement savings by having you pay for more cover than you might need. Read more about Vanguard Super's insurance options. You can change your cover at any time to better suit your needs. What are the eligibility rules for Vanguard Super's

needs. What are the eligibility rules for Vanguard Super's default cover? Your cover is automatic with your Vanguard Super membership but eligibility rules still apply. In order to be eligible for default Death and TPD cover, you need to meet a number of minimum requirements. For more about your

meet a number of minimum requirements. For more about your eligibility, refer to our member guide, Insurance in your super. Where can I go for advice about insurance?If you’d like to speak to someone about your specific insurance needs, or what level of cover is right for you, we suggest you speak

or what level of cover is right for you, we suggest you speak with a financial adviser.  How are my premiums calculated? The cost of your insurance cover (or your "premium") is based on a number of factors, including the type and amount of cover you have, your age and your gender. It's also based on the

you have, your age and your gender. It's also based on the type of work you do, known as your 'occupation category.' Insurance premiums are reviewed every year. What are my insurance options if I already have cover somewhere else? If you already have cover through another super fund, you have a

already have cover through another super fund, you have a couple of options. You can:  Transfer your cover to Vanguard Super. Keep your cover where it is.  Opt out of our default cover through Vanguard Super. You can do this when you join. If you’ve joined through an employer, you’ll need to

If you’ve joined through an employer, you’ll need to complete an Opt out of default cover form. Can I increase/decrease my level of cover?As part of your Vanguard Super account you have access to simple, smart and flexible cover that you can change according to your needs. Apply to increase,

you can change according to your needs. Apply to increase, decrease or cancel your cover at any time. If you’ve got any questions about your insurance options, don’t hesitate to get in touch on 1300 655 101 and we’ll help you get it sorted.  How do I cancel my insurance cover?If you'd like to change or

How do I cancel my insurance cover?If you'd like to change or cancel your cover, you can do so any time via Vanguard Online. If you’d like to speak to someone about your insurance needs, give us a call on 1300 655 101.  RetirementDoes Vanguard Super have a Pension account option? Vanguard Super is a

Super have a Pension account option? Vanguard Super is a comprehensive super offer that will include a pension option. We’ll be offering an accumulation offer to start with, but pension products will be offered soon after.  Does Vanguard Super have a TTR option? Vanguard Super is a comprehensive

Super have a TTR option? Vanguard Super is a comprehensive super offer that will include a TTR option. We’ll be offering an accumulation offer to start with but a TTR option will be offered soon after.  When can I access my super? Generally, your super is not accessible until you’ve stopped working

your super is not accessible until you’ve stopped working and you’ve reached your ‘preservation age’ – this is the exact age when you’re eligible to access your super and it varies depending on when you were born. You can find your preservation age by referring to Vanguard Super’s Your super guide

age by referring to Vanguard Super’s Your super guide (under ‘Accessing your money’).  In limited circumstances you may also be able to access some super earlier, but the government applies strict rules to which circumstances qualify and how much you can withdraw.  These circumstances may

and how much you can withdraw.  These circumstances may include specified compassionate grounds, severe financial hardship, terminal medical condition or permanent incapacity.  and, occasionally, specific policy-related reasons. For more information on the conditions of early

reasons. For more information on the conditions of early release, see the ATO's website. We’ve also got more information detailed in Vanguard Super’s Your super guide (under ‘accessing your money’). Looking for something else?Calculate your fee Investment options at a glance Our investment

your fee Investment options at a glance Our investment experience It’s super, but not as you know it Join Vanguard Super Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInAbout us About us Choose your super Investments at a glance Lifecycle Diversified Single sector Insurance

of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au super join.  Application Name  d.com.au super performance and fees calculate super fees.

d.com.au super performance and fees calculate super fees.    Calculate your super fee | Vanguard Super  You need to enable JavaScript to run this app Skip to main contentSuperannuation Superannuation , selected Vanguard Australia Investments Financial advisers Institutional investors Media

Financial advisers Institutional investors Media centre Careers Vanguard Global sites Join Vanguard Super Log in Vanguard logo About us Choose your super Performance & Fees Help Vanguard logoJoin Vanguard Super Log in About us Choose your superPerformance & FeesHelpYou Are

in About us Choose your superPerformance & FeesHelpYou Are ViewingSuperannuationFeesAll the details on Vanguard Super fees.What will you pay? Let’s break it down. Administration + Investment + Transaction fees and costs = Yearly fee  Our yearly fee is, simply put, the cost to service your

fee  Our yearly fee is, simply put, the cost to service your Vanguard Super account every year. It's made up of three individual parts: the administration fees and costs, investment fees and costs and transaction costs. Together, they make up your yearly fee.  There are a few things you need to

make up your yearly fee.  There are a few things you need to know. Any investment and transaction costs are an estimate and the actual costs may vary. We’ll also explain two additional fees below, activity fees and insurance premiums. See our Product Disclosure Statement for details. MySuper

See our Product Disclosure Statement for details. MySuper Lifecycle 0.35%Administration+0.21% Investment+0.02% Transaction=0.58%Yearly fee Some of our investments have an even lower yearly fee. See yearly fee across our investments below for a complete list. Calculate your yearly

below for a complete list. Calculate your yearly feeYour yearly fee is made up of administration, investment and transaction fees and costs. It’s calculated by multiplying your super balance by the total fee percentage (ie, $50,000 x 0.58 = $290). This calculator applies to Lifecycle and other

= $290). This calculator applies to Lifecycle and other fees and costs may apply.Enter your super balance156666Yearly fee$ Join Vanguard Super Fee calculation details and disclaimers This calculator only works for investment options with a 0.58% yearly fee. The amount is an estimate. The

with a 0.58% yearly fee. The amount is an estimate. The estimated costs are based on Vanguard Super’s most current PDS and/or a reasonable estimate of costs for the Vanguard Super Lifecycle option. Actual costs may vary from year to year.  This calculator doesn’t include insurance premiums or

This calculator doesn’t include insurance premiums or buy/sell spreads on member-initiated transactions and assumes no contributions or withdrawals over the year. If you invest in an investment option other than the Vanguard Super Lifecycle investment option, the investment fees and costs

investment option, the investment fees and costs and transaction costs may differ. See our Product Disclosure Statement for further details. This calculation doesn’t take into account your objectives, financial situation, taxation circumstances or needs. Before you act on any

taxation circumstances or needs. Before you act on any calculation, please consider your personal circumstances. Yearly fee across our investmentsLifecycle  Lifecycle is intelligently designed to balance growth and defensive investments according to your age, automatically - without

according to your age, automatically - without you having to lift a finger. These are its fees and costs.       Administration+    Investment*+    Transaction*=   Yearly feeLifecycle                                           0.35%      0.21%      0.02%      0.58% Lifecycle

0.02%      0.58% Lifecycle                                           Administration     0.35%+    Investment*      0.21%+    Transaction*      0.02%=   Yearly fee      0.58%Diversified  These are the fees and costs for our diversified pre-mixed investment options that make it easier for members to adjust

options that make it easier for members to adjust their own risk.       Administration+   Investment*+   Transaction*=   Yearly feeHigh Growth     0.35%     0.21%     0.00%      0.56%Ethically Conscious Growth           0.35%     0.22%     0.01%      0.58%Growth     0.35%     0.21%     0.00%

0.01%      0.58%Growth     0.35%     0.21%     0.00%      0.56%Balanced     0.35%     0.21%     0.00%      0.56%Conservative     0.35%     0.21%     0.00%      0.56% High Growth     Administration     0.35%+   Investment*     0.21%+   Transaction*     0.00%=   Yearly fee      0.56% Ethically

0.00%=   Yearly fee      0.56% Ethically Conscious Growth           Administration     0.35%+   Investment*     0.22%+   Transaction*     0.01%=   Yearly fee      0.58% Growth     Administration     0.35%+   Investment*     0.21%+   Transaction*     0.00%=   Yearly fee

0.21%+   Transaction*     0.00%=   Yearly fee      0.56% Balanced     Administration     0.35%+   Investment*     0.21%+   Transaction*     0.00%=   Yearly fee      0.56% Conservative     Administration     0.35%+   Investment*     0.21%+   Transaction*     0.00%=   Yearly fee

0.21%+   Transaction*     0.00%=   Yearly fee      0.56%Single Sector  These are the fees and costs for our Single Sector primary building blocks for members who want to put their super together themselves.       Administration+   Investment*+  Transaction*=  Yearly feeAustralian

Investment*+  Transaction*=  Yearly feeAustralian Shares     0.35%     0.20%     0.03%     0.58%International Shares     0.35%     0.21%     0.02%     0.58%International Shares (hedged)     0.35%     0.21%     0.02%     0.58%Australian Fixed Interest     0.35%     0.21%     0.02%

Fixed Interest     0.35%     0.21%     0.02%     0.58%Global Fixed Interest (hedged)     0.35%     0.21%     0.02%     0.58%Cash     0.35%     0.04%     0.00%     0.39% Australian Shares     Administration     0.35%+   Investment*     0.20%+  Transaction*     0.03%=  Yearly fee

0.20%+  Transaction*     0.03%=  Yearly fee     0.58% International Shares     Administration     0.35%+   Investment*     0.21%+  Transaction*     0.02%=  Yearly fee     0.58% International Shares (hedged)     Administration     0.35%+   Investment*     0.21%+  Transaction*

0.35%+   Investment*     0.21%+  Transaction*     0.02%=  Yearly fee     0.58% Australian Fixed Interest     Administration     0.35%+   Investment*     0.21%+  Transaction*     0.02%=  Yearly fee     0.58% Global Fixed Interest (hedged)     Administration     0.35%+

Fixed Interest (hedged)     Administration     0.35%+   Investment*     0.21%+  Transaction*     0.02%=  Yearly fee     0.58% Cash     Administration     0.35%+   Investment*     0.04%+  Transaction*     0.00%=  Yearly fee     0.39%*The investment fee and transaction costs are

fee     0.39%*The investment fee and transaction costs are indicative only and based on estimated costs. Actual costs may vary from year to year. Other activity related fees and costs may be charged from time to time. Compare super fees in 3 easy stepsHow to compare your current super fees to

fees in 3 easy stepsHow to compare your current super fees to Vanguard SuperFind your fees & costsFind your current administration, investment and transaction fees and costs. ** Add them togetherAdd them up to work out your yearly fees and costs CompareCompare with Vanguard Super! **Tip: Check

costs CompareCompare with Vanguard Super! **Tip: Check your current super's Product Disclosure Statement (PDS) or your annual statement. Yearly fees and costs explainedAdministrationAdministration fees and costs are 0.30% of your account balance per year up to $850,000. They cover the

your account balance per year up to $850,000. They cover the general cost of managing your account and you’ll see them listed as monthly transactions in your account activity. You won't be charged this fee on the portion of your balance that exceeds $850,000. If your account balance is less than

that exceeds $850,000. If your account balance is less than $6,000 at the end of the financial year, your administration and investment fees will be capped at 3% of your account balance. Any amount charged over that cap must be refunded. There is an additional fee of 0.05% of your account balance per

is an additional fee of 0.05% of your account balance per year used to fund the Operational Risk Financial Requirement (ORFR) and you’ll see this listed as monthly transactions in your account activity called the Administration Fee - ORFR. For more information on the ORFR, refer to the Your super

For more information on the ORFR, refer to the Your super guide. InvestmentInvestment fees and costs vary depending on your investment option and are deducted from investment returns before they’re applied to your account. They’re incurred on a daily basis as we manage your investments. You can

on a daily basis as we manage your investments. You can find these fees and costs detailed in your annual account statement. TransactionTransaction costs can also vary depending on your investment option, ranging between 0.00% to 0.03% of your account balance per year. They reflect the

to 0.03% of your account balance per year. They reflect the day-to-day cost of buying and selling assets for your account, are incurred throughout the year and are deducted from investment returns before they’re applied to your account. For more details on transaction costs for each investment

For more details on transaction costs for each investment option, refer to the Your super guide. Two other fees to know aboutWe combine our fees for simplicity, but there are two fees we can’t bundle into a neat yearly fee package (hard as we might try).  Activity feesWhen you make a contribution to

might try).  Activity feesWhen you make a contribution to your account, withdraw from your account or switch between investment options, you’ll be charged a cost for your transaction. This is due to the buy/sell spread incurred for the underlying investments and can range between 0.00% and

the underlying investments and can range between 0.00% and 0.13% of your account balance. These costs are included in the valuation of the Fund’s underlying investments and are deducted from your returns before they reach your account. Your activity fees depend on your investment option and the

Your activity fees depend on your investment option and the number of transactions you're making each day. You can find them explained in your annual account statement. Insurance premiumsIf you’re eligible and choose one of our insurance options, this monthly cost will vary depending on your

options, this monthly cost will vary depending on your type and level of cover, age, gender and the type of work you do. Learn more about insurance. Helpful documents & formsVanguard Super SaveSmart Product Disclosure StatementA summary of key information about investing in Vanguard Super

of key information about investing in Vanguard Super SaveSmart. Everything from how we invest your money, our fees and costs, to how your super is taxed. Download PDF Your super guideA detailed guide to managing your Vanguard Super SaveSmart account. Learn about making contributions,

SaveSmart account. Learn about making contributions, accessing your money, nominating beneficiaries, as well as fees and costs, and tax. Download PDF Insurance in your superLearn more about insurance through your Vanguard Super SaveSmart account, including types of cover, eligibility,

account, including types of cover, eligibility, costs, changing or cancelling cover, and how to claim. Download PDF Your questions, answeredHow do I work out my yearly fees and costs?We want you to always be clear about exactly how much you’re paying for your super. Your yearly fee is all mapped

you’re paying for your super. Your yearly fee is all mapped out for you on Vanguard Online - including what portion of your fee goes to admin, transaction and investment costs.  For example, if you have $50,000 in the Vanguard MySuper (Lifecycle) investment option, you’ll have: Administration

investment option, you’ll have: Administration fees and costs equivalent to 0.35% of your account balance per year  Investment fees and costs equivalent to 0.21% of your account balance per year  Transaction costs equivalent to 0.02% of your account balance per year.  Therefore, for a balance

of your account balance per year.  Therefore, for a balance of $50,000 in the Vanguard MySuper (Lifecycle) investment option at the beginning of the year, you will be charged or have deducted from your investment, fees and costs of $290 for that year.  Note that additional fees may apply. For

for that year.  Note that additional fees may apply. For example, if you invest in investment options other than Vanguard MySuper (Lifecycle), the investment fees and costs and transaction costs may be different to those shown in the example above. More details are available in the ‘Fees and

example above. More details are available in the ‘Fees and costs’ information in Your super guide. In addition, if you want to see how our MySuper fees stack up against the competition, use the ATO’s YourSuper comparison tool.   How do I know what the admin charge is within my 'yearly

How do I know what the admin charge is within my 'yearly fee'?Administration fees are deducted from your super account every month. You’ll see them listed clearly as monthly transactions in your record of account activity available via Vanguard Online. (Also, it’s good to know you won’t pay any

Vanguard Online. (Also, it’s good to know you won’t pay any admin fees on the portion of your super account above $850,000.)  It’s super, but not as you know it Join Vanguard Super Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInAbout us About us Choose your super Investments at a

to their Elders past, present and emerging. d.com.au super performance and fees our performance.    Compare performance returns | Vanguard Super  You need to enable JavaScript to run this app Skip to main contentSuperannuation Superannuation , selected Vanguard Australia Investments

logoJoin Vanguard Super Log in About us Choose your superPerformance & FeesHelpYou Are ViewingSuperannuationPerformanceLearn about Vanguard Super’s performance returns.Here for the long termWe know that long term returns are what matter. And Vanguard Super invests in Vanguard Australia

matter. And Vanguard Super invests in Vanguard Australia funds that have a long history of delivering for investors. Our performance page paints a picture of the performance of different Vanguard Super investment options so you can decide if Vanguard Super is right for you. DiversifiedThese

if Vanguard Super is right for you. DiversifiedThese are pre-mixed investment options that make it easier for members to adjust their own risk.There was a hiccup with our dataWe've run into a technical issue and can't show you the performance data for these investment options. Check back

performance data for these investment options. Check back soon.Single SectorThese are the primary building blocks for members who want to put their super together themselves.There was a hiccup with our dataWe've run into a technical issue and can't show you the performance data for these

issue and can't show you the performance data for these investment options. Check back soon. *Performance returns are calculated using the sell price, which is net of investment fees and tax. Other charges, fees and costs may apply. Please refer to our Product Disclosure Statement for more

refer to our Product Disclosure Statement for more information. Past performance is not a reliable indicator of future performance. Performance since inception may not be an indicator of performance over longer periods. Performance for periods greater than one year is annualised.

for periods greater than one year is annualised. Investment returns are not guaranteed. Looking for something else?Calculate your fee Investment options at a glance Our investment expertise Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInAbout us About us Choose your super

to their Elders past, present and emerging. d.com.au super privacy collection statement.    Privacy Collection Statement | Vanguard Super  You need to enable JavaScript to run this app Skip to main contentSuperannuation Superannuation , selected Vanguard Australia Investments Financial

logoJoin Vanguard Super Log in About us Choose your superPerformance & FeesHelpYou Are ViewingSuperannuationPrivacy Collection StatementVanguard Super Pty Ltd ABN 73 643 614 386 (“Vanguard Australia1”, “we”, or “us”), the trustee of Vanguard Super, is committed to respecting your privacy

of Vanguard Super, is committed to respecting your privacy and complying with laws regulating how organisations deal with Personal, Sensitive, and Other information (“information”). This notification sets out important matters relating to how we handle your information.   Why is Vanguard

to how we handle your information.   Why is Vanguard Australia collecting your information? Vanguard Australia collects information for the purposes including, but not limited to the following: to establish and administer accounts and your relationship with us, to fulfill the terms of any

and your relationship with us, to fulfill the terms of any agreement you have with us, and to otherwise provide Vanguard Australia's products and services to you; to address inquiries and complaints to process an insurance application, assess eligibility for insurance cover and manage

assess eligibility for insurance cover and manage insurance claims; to communicate changes and updates on products and services of Vanguard Super; to conduct analysis about products and services to enhance our product and service offerings; to protect legal rights and comply with our legal

to protect legal rights and comply with our legal obligations including record-keeping, reporting, tax withholding, and client identification requirements under the following laws: Anti-Money Laundering and Counter-Terrorism Financing Act, Taxation Administration Act, Corporations

Act, Taxation Administration Act, Corporations Act, Income Tax Assessment Act, Privacy Act and the Superannuation Industry (Supervision) Act 1993; and for Site and account security purposes We may also use your information for related purposes which would reasonably be expected. We collect

purposes which would reasonably be expected. We collect information directly from the person to whom it relates, where it is practical to do so. We may collect information from you regarding other individuals related to your account. By disclosing information about dependents, potential

By disclosing information about dependents, potential beneficiaries, agents, or other representatives, you warrant that you have the consent of those parties to such collection, use, and disclosure of their information as described in the Vanguard Australia Privacy Policy.   Who may we

in the Vanguard Australia Privacy Policy.   Who may we disclose your information to? Vanguard Australia may rely on other members of its corporate group or third party service providers to assist us in providing our services. If we disclose your information to other organisations, we will

disclose your information to other organisations, we will require that they handle information in a way that complies with the Privacy Act. We may disclose information but not limited to, the following types of organisations: organisations involved in providing, managing or administering

involved in providing, managing or administering our products, systems or services such as administrators, mail houses and software and information technology providers; the insurer for Vanguard Super; auditors, consultants and other professional advisors; authorised financial

and other professional advisors; authorised financial advisors; a representative who may be entitled to receive the proceeds from a deceased member’s insurance or account balance (for example a Legal Personal Representative) or any person we contact to assist us in that process; other

or any person we contact to assist us in that process; other superannuation funds who hold an account in a member’s name, for example, where amounts have been rolled over to or from that fund; market research companies who undertake research on behalf of Vanguard Australia; and agencies who run

on behalf of Vanguard Australia; and agencies who run competitions or promotions on the Vanguard Super website. In addition, Vanguard Australia may disclose your information to regulatory bodies or government entities as required or authorised by law including the Australian Prudential

or authorised by law including the Australian Prudential Regulation Authority (APRA), Australian Securities and Investments Commission (ASIC), Australian Tax Office (ATO) and the Australian Transaction Reports and Analysis Centre (AUSTRAC). For example, information may be requested by

(AUSTRAC). For example, information may be requested by authorities investigating alleged fraudulent or suspicious transactions in relation to a member’s account. Information that we collect may be disclosed to service providers outside of Australia including the United States, or

outside of Australia including the United States, or another jurisdiction outside Australia.   What happens if you don’t provide Vanguard Australia with your information? If you do not provide all of the information requested by Vanguard Australia, we may not be able to process your

by Vanguard Australia, we may not be able to process your application to join Vanguard Super, provide services to you, process your insurance claim or provide you with details about our products and services, or those services may be subject to delays. For more details about privacy matters, you

to delays. For more details about privacy matters, you can view the Vanguard Australia Privacy Policy. The Privacy Policy contains details such as how you may: access the information which Vanguard Australia holds about you and seek the correction of such information; and complain about a

the correction of such information; and complain about a breach of the Australian Privacy Principles, and how Vanguard Australia will deal with such a complaint You can also contact us at clientservices@vanguard.com.au or on 1300 655 101 (8:00 am to 6:00 pm Melbourne time, Monday to Friday).    1

(8:00 am to 6:00 pm Melbourne time, Monday to Friday).    1 Within the Vanguard Australia Privacy Policy, Vanguard Australia includes Vanguard Super Pty Ltd and Vanguard Investments Australia Lt Vanguard logoConnect with usFacebookYoutubeTwitterLinkedInAbout us About us Choose your super

Statement |Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. d.com.au.

to their Elders past, present and emerging. d.com.au. d.com.au www.vanguard.com.au personal.    Vanguard Corporate Home | Vanguard Australia  You need to enable JavaScript to run this app Skip to main contentVanguard Australia Vanguard Australia , selected Investments Superannuation

throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging..