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Vanguard Introduces International High Dividend Yield ETF

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Vanguard Introduces International High Dividend Yield ETF

Canada NewsWire

New ETF offers investors a low-cost and global ex-North America income solution

TORONTO, Aug. 28, 2018 /CNW/ - Vanguard Investments Canada Inc. today announced the listing of the Vanguard FTSE Developed ex North America High Dividend Yield Index ETF, providing a low-cost and global investment option for investors looking for an income component within their portfolios. The ETF began trading on the TSX today with a management fee of 0.28%1.

"Canadian investors and advisors are increasingly looking for global income-oriented solutions," said Atul Tiwari, managing director of Vanguard Investments Canada Inc. "This ETF helps meet that need with an easy-to-understand investment process featuring strong equity yield potential with low-costs and a disciplined risk management framework."

Vanguard FTSE Developed ex North America High Dividend Yield Index ETF (TSX:VIDY)  - The Vanguard FTSE Developed ex North America High Dividend Yield Index ETF seeks to track, to the extent reasonably possible and before fees and expenses, the performance of a broad international equity index that measures the investment return of common stocks of companies characterized by high dividend yield, with a focus on those located in developed markets, excluding North America.

ETF

Benchmark

Management Fee1

TSX Ticker Symbol

Vanguard FTSE
Developed ex North
America High Dividend
Yield Index ETF

FTSE Developed ex
North America High
Dividend Yield Index

0.28%

VIDY



1

The management fee is equal to the fee paid by the Vanguard fund to Vanguard Investments Canada Inc. and does not include applicable taxes or other fees and expenses of the Vanguard fund.

"We have seen that Canadian investors value equity income options that are low-cost, global and well-diversified," said Tim Huver, head of product, Vanguard Investments Canada Inc. "This ETF provides exposure to the largest high dividend-paying companies across a diversified mix of 23 developed international markets outside of North America."

The new ETF makes quarterly distributions. It is rebalanced annually and offers exposure to large-cap and mid-cap companies characterized by above-average dividend yields.

Vanguard now offers a suite of 37 ETFs in Canada with over CAD $17 billion in assets across its broad-based line-up of investment solutions, including mutual funds. Canadians hold over CAD $30 billion in Vanguard investments (including both Canadian and U.S. funds).

About Vanguard

Vanguard Investments Canada Inc. is a wholly owned indirect subsidiary of The Vanguard Group, Inc. and manages over CAD $17 billion in assets (as of July 31, 2018), with 37 Canadian ETFs currently available. The Vanguard Group, Inc. is one of the world's largest investment management companies and a leading provider of company-sponsored retirement plan services. Vanguard manages USD $5.1 trillion (CAD $6 trillion) in global assets, including over USD 900 billion (CAD $1.2 trillion) in global ETF assets (as of June 30, 2018). Vanguard has offices in the United States, Canada, Latin America, Europe, Australia and Asia. The firm offers 400 funds, including ETFs, to its more than 20 million investors worldwide.

Vanguard operates under a unique operating structure. Unlike firms that are publicly held or owned by a small group of individuals, The Vanguard Group, Inc. is owned by Vanguard's U.S.-domiciled funds and ETFs. Those funds, in turn, are owned by Vanguard clients. This unique mutual structure aligns Vanguard interests with those of its investors and drives the culture, philosophy, and policies throughout the Vanguard organization worldwide. As a result, Canadian investors benefit from Vanguard's stability and experience, low costs, and client focus. For more information, please visit vanguardcanada.ca.

Important Information

Commissions, management fees, and expenses all may be associated with investment funds. Investment objectives, risks, fees, expenses, and other important information are contained in the prospectus; please read it before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. Vanguard funds are managed by Vanguard Investments Canada Inc. and are available across Canada through registered dealers.

This material is for informational purposes only. This material is not intended to be relied upon as research, investment, or tax advice and is not an implied or express recommendation, offer or solicitation to buy or sell any security or to adopt any particular investment or portfolio strategy. Any views and opinions expressed do not take into account the particular investment objectives, needs, restrictions and circumstances of a specific investor and, thus, should not be used as the basis of any specific investment recommendation. Please consult your financial and/or tax advisor for financial and/or tax information applicable to your specific situation.

All investments, including those that seek to track indexes, are subject to risk, including the possible loss of principal. Diversification does not ensure a profit or protect against a loss in a declining market. While ETFs are designed to be as diversified as the original indexes they seek to track and can provide greater diversification than an individual investor may achieve independently, any given ETF may not be a diversified investment.

Information, figures and charts are summarized for illustrative purposes only and are subject to change without notice.

This material 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 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.

In this material, references to "Vanguard" are provided for convenience only and may refer to, where applicable, only The Vanguard Group, Inc., and/or may include its affiliates, including Vanguard Investments Canada Inc.

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 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. All information is provided for information 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 its 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 Indexes or the fitness or suitability of the Indexes for any particular purpose to which they might be put.

SOURCE Vanguard Investments Canada Inc.

View original content: http://www.newswire.ca/en/releases/archive/August2018/28/c5418.html

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