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American Stock Exchange News Release

ETF Release

 

 

VANGUARD TO MOVE 34 VANGUARD ETFs TO NYSE ARCA

VALLEY FORGE, PA, July 8, 2008—Vanguard announced today that it will transfer 34 Vanguard ETFs™ to the NYSE Arca listing and trading platform. The move of the Vanguard ETFs, which have been listed on the American Stock Exchange (Amex) since their inception, is a result of, and is contingent upon, the merger of Amex and NYSE EuroNext, the holding company for NYSE Arca. The ETFs will begin trading on NYSE Arca after the merger between the two exchanges has been given final approval by the SEC.

The other four of Vanguard’s 38 ETFs – Vanguard® Mega Cap 300 ETF, Vanguard Mega Cap 300 Growth ETF, Vanguard Mega Cap 300 Value ETF and Vanguard Total World Stock ETF – currently trade on NYSE Arca.

"We're looking forward to listing all Vanguard ETFs on the Arca exchange, which continues to make significant strides in picking up ETF trading market share,” said Gus Sauter, Vanguard's chief investment officer. “Arca has a robust electronic platform with an innovative market-making function and a strong commitment to the development of its ETF business."

Vanguard is a leader in the ETF marketplace, offering 38 stock and bond ETFs. Vanguard’s ETF assets grew 62% over the past year ended May 2008, to nearly $51 billion in total assets. The average expense ratio of Vanguard ETFs is 0.16%, which is one-third the industry average expense ratio of 0.48% (according to December 31, 2007, figures from Lipper Inc.). Vanguard ranks among the top ETF providers in cash flow, with year-to-date cash flow through June of more than $10 billion (source for industry data: Amex and Bloomberg).
The Vanguard ETFs moving to NYSE Arca are listed in the following table.

Vanguard ETFTicker symbolNumber of holdings
(as of 5/31/08)		Expense ratio
Total Bond MarketBND3,3440.11%
Short-Term BondBSV9120.11
Intermediate-Term BondBIV9820.11
Long-Term BondBLV8170.11
Extended Duration TreasuryEDV470.14
Total Stock MarketVTI3,5580.07
Large-CapVV7650.07
GrowthVUG4060.11
ValueVTV4180.11
Extended MarketVXF3,1670.08
Mid-CapVO4520.13
Mid-Cap Growth VOT2240.13
Mid-Cap ValueVOE2700.13
Small-CapVB1,7690.10
Small-Cap GrowthVBK9620.12
Small-Cap ValueVBR9990.12
Dividend AppreciationVIG2150.28
High Dividend YieldVYM5750.25
Consumer DiscretionaryVCR4180.22
Consumer StaplesVDC1120.22
EnergyVDE1680.22
FinancialsVFH5120.22
Health CareVHT2870.22
IndustrialsVIS3610.22
Information TechnologyVGT4120.22
MaterialsVAW1190.22
REITVNQ980.12
Telecommunication ServicesVOX470.23
UtilitiesVPU870.22
FTSE All-World ex-USVEU2,2070.25
Europe PacificVEA1,0400.15
EuropeanVGK5360.12
PacificVPL5690.12
Emerging MarketsVWO8950.25

For further information please contact
John S. Woerth, 610.669.6224
Linda S. Wolohan, 610.503.2947
Rebecca Cohen, 610.503.2273


Visit Vanguard's pressroom at www.onlinepressroom.net/vanguard/

 

About Vanguard
Vanguard, headquartered in Valley Forge, Pennsylvania, is one of the world’s largest investment management companies and a leading provider of company-sponsored retirement plan services. Vanguard manages $1.25 trillion in U.S. mutual fund assets, including nearly $380 billion in employer-sponsored retirement plans. Vanguard offers more than 150 funds to U.S. investors and more than 50 additional funds in non-U.S. markets.

All asset figures are as of June 30, 2008, unless otherwise noted.

For more information, visit www.vanguard.com, or call 800-662-7447 to obtain a fund prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.

Vanguard ETFs are not redeemable with an Applicant fund other than in Creation Unit aggregations. Instead, investors must buy or sell Vanguard ETF Shares in the secondary market with the assistance of a stockbroker. In doing so, the investor will incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling.

Vanguard ETF Shares can be bought and sold only through a broker (who will charge a commission) and cannot be redeemed with the issuing fund. The market price of Vanguard ETF Shares may be more or less than net asset value.

All ETF products are subject to market risk, which may result in the loss of principal. Prices of mid- and small-cap ETFs often fluctuate more than those of large-cap ETFs. International ETFs involve additional risks, including currency fluctuations and the potential for adverse developments in specific countries or regions. ETFs that invest in emerging markets are generally more risky than those that invest in developed countries. Sector ETFs are subject to sector risks and non-diversification risks, which may result in performance fluctuations that are more extreme than fluctuations in the overall stock market. In addition, sector ETFs that sample their target indexes to comply with tax diversification rules may experience a greater degree of tracking error than other ETFs. Bond ETFs are subject to interest rate, credit, and inflation risk.

Vanguard and Vanguard ETFs are trademarks of The Vanguard Group, Inc. All other marks are the exclusive property of their respective owners.

Vanguard Marketing Corporation, Distributor.     

VR-759

About American Stock Exchange
The American Stock Exchange® (Amex®) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 406 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks.