• Asset concentration
risk, which is the chance that, because the Fund tends to
invest a high percentage of assets in its ten largest holdings, the
Fund's performance may be hurt disproportionately by the poor
performance of relatively few stocks.
• ESG investing
risk, which is the chance that the stocks selected by the
advisor based on its ESG criteria generally will underperform the
stock market as a whole or that the particular stocks selected by
the advisor based on its ESG criteria will, in the aggregate, trail
returns of other ESG funds.
• Currency risk,
which is the chance that the value of a foreign investment,
measured in U.S. dollars, will decrease because of unfavorable
changes in currency exchange rates.
An investment in the Fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation
or any other government agency.
Annual Total Returns
The Fund has not been in operation long enough to report a full
calendar-year return. Performance information is available on our
website at vanguard.com/performance or by calling
Vanguard toll-free at 800-662-7447.
Wellington Management Company LLP (Wellington
Mark D. Mandel, CFA, Senior Managing Director and Equity Portfolio
Manager at Wellington Management. He has co-managed the Fund since
its inception in 2019.
Yolanda C. Courtines, CFA, Senior Managing Director and Equity
Portfolio Manager at Wellington Management. She has co-managed the
Fund since its inception in 2019.
Purchase and Sale of Fund Shares
You may purchase or redeem shares online through our website
(vanguard.com), by mail
(The Vanguard Group, P.O. Box 1110, Valley Forge, PA 19482-1110),
or by telephone (800-662-2739). The minimum investment amount
required to open and maintain a Fund account for Investor Shares or
Admiral Shares is $3,000 or $50,000, respectively. The minimum
investment amount required to add to an existing Fund account is
generally $1. Financial intermediaries, institutional clients, and
Vanguard-advised clients should contact Vanguard for information