Vanguard Personal Advisor Services introduces Five-Fund Active Equity offer

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All investing is subject to risk, including the possible loss of the money you invest.

Diversification does not ensure a profit or protect versus a loss.

Investments in securities issued by non-U.S. companies and governments are subject to risks including country/regional risk and currency risk. These risks are expressly upper in emerging markets.

Advice services are provided by Vanguard Advisers, Inc., a registered investment advisor, or by Vanguard National Trust Company, a federally chartered, limited purpose trust company.

The services provided to clients who elect to receive ongoing translating will vary based upon the value of resources in a portfolio. Please review the Form CRS and Vanguard Personal Counselor Services Brochure for important details well-nigh the service, including its asset-based service levels and fee breakpoints.

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