|
Share
Classes1
| ||
Fund |
Investor |
Admiral |
|
Vanguard
U.S. Liquidity Factor ETF |
— |
— |
|
Vanguard
U.S. Minimum Volatility ETF |
— |
— |
|
Vanguard
U.S. Momentum Factor ETF |
— |
— |
|
Vanguard
U.S. Multifactor ETF |
— |
— |
|
Vanguard
U.S. Multifactor Fund |
— |
VFMFX |
|
Vanguard
U.S. Quality Factor ETF |
— |
— |
|
Vanguard
U.S. Value Factor ETF |
— |
— |
|
Vanguard
Wellington Fund |
VWELX |
VWENX |
Vanguard
Fund |
2019 |
2020 |
2021 |
Vanguard U.S.
Liquidity Factor ETF |
$— |
$— |
$14,333.36 |
Vanguard U.S.
Minimum Volatility Factor ETF |
— |
— |
14,333.36 |
Vanguard U.S.
Momentum Factor ETF |
— |
— |
14,333.36 |
Vanguard U.S.
Multifactor ETF |
— |
— |
14,333.36 |
Vanguard U.S.
Multifactor Fund Admiral |
— |
— |
14,333.36 |
Vanguard U.S.
Quality Factor ETF |
— |
— |
14,333.36 |
Vanguard U.S.
Value Factor ETF |
— |
— |
14,333.36 |
Vanguard
Wellington Fund |
— |
— |
14,166.60 |
Vanguard
Fund |
Capital
Contribution
to
Vanguard |
Percentage
of
Fund’s
Average
Net
Assets |
Percent of
Vanguard
Funds’
Contribution |
Vanguard
U.S. Liquidity Factor ETF |
$2,000 |
Less than
0.01% |
Less than
0.01% |
Vanguard
U.S. Minimum Volatility ETF |
2,000 |
Less than
0.01 |
Less than
0.01 |
Vanguard
U.S. Momentum Factor ETF |
6,000 |
Less than
0.01 |
Less than
0.01 |
Vanguard
U.S. Multifactor ETF |
4,000 |
Less than
0.01 |
Less than
0.01 |
Vanguard
U.S. Multifactor Fund |
2,000 |
Less than
0.01 |
Less than
0.01 |
Vanguard
U.S. Quality Factor ETF |
4,000 |
Less than
0.01 |
Less than
0.01 |
Vanguard
U.S. Value Factor ETF |
14,000 |
Less than
0.01 |
0.01 |
Vanguard
Wellington Fund |
4,083,000 |
Less than
0.01 |
1.63 |
Annual
Shared Fund Operating Expenses
(Shared
Expenses Deducted From Fund Assets) | |||
Vanguard
Fund |
2019 |
2020 |
2021 |
Vanguard
U.S. Liquidity Factor ETF |
|
|
|
Management
and Administrative Expenses |
0.04% |
0.07% |
0.05% |
Marketing and
Distribution Expenses |
Less than
0.01 |
Less than
0.01 |
Less than
0.01 |
Vanguard
U.S. Minimum Volatility ETF |
|
|
|
Management
and Administrative Expenses |
0.09% |
0.10% |
0.05% |
Marketing and
Distribution Expenses |
Less than
0.01 |
Less than
0.01 |
Less than
0.01 |
Vanguard
U.S. Momentum Factor ETF |
|
|
|
Management
and Administrative Expenses |
0.06% |
0.07% |
0.02% |
Marketing and
Distribution Expenses |
Less than
0.01 |
Less than
0.01 |
Less than
0.01 |
Vanguard
U.S. Multifactor ETF |
|
|
|
Management
and Administrative Expenses |
0.16% |
0.15% |
0.10% |
Marketing and
Distribution Expenses |
Less than
0.01 |
Less than
0.01 |
Less than
0.01 |
Vanguard
U.S. Multifactor Fund |
|
|
|
Management
and Administrative Expenses |
0.07% |
0.04% |
0.08% |
Marketing and
Distribution Expenses |
Less than
0.01 |
Less than
0.01 |
Less than
0.01 |
Vanguard
U.S. Quality Factor ETF |
|
|
|
Management
and Administrative Expenses |
0.03% |
0.07% |
0.04% |
Marketing and
Distribution Expenses |
Less than
0.01 |
Less than
0.01 |
Less than
0.01 |
Vanguard
U.S. Value Factor ETF |
|
|
|
Management
and Administrative Expenses |
0.09% |
0.10% |
0.02% |
Marketing and
Distribution Expenses |
Less than
0.01 |
Less than
0.01 |
Less than
0.01 |
Vanguard
Wellington Fund |
|
|
|
Management
and Administrative Expenses |
0.11% |
0.11% |
0.11% |
Marketing and
Distribution Expenses |
Less than
0.01 |
Less than
0.01 |
Less than
0.01 |
Name,
Year of Birth |
Position(s)
Held
With
Funds |
Vanguard
Funds’
Trustee/
Officer
Since |
Principal
Occupation(s)
During
the Past Five Years,
Outside
Directorships,
and
Other Experience |
Number of
Vanguard
Funds
Overseen by
Trustee/Officer |
Interested
Trustee1
|
|
|
|
|
Mortimer J.
Buckley
(1969) |
Chairman of
the
Board, Chief
Executive
Officer, and
President |
January
2018 |
Chairman of
the board (2019–present) of Vanguard and
of each of
the investment companies served by
Vanguard;
chief executive officer (2018–present) of
Vanguard;
chief executive officer, president, and
trustee
(2018–present) of each of the investment
companies
served by Vanguard; president and director
(2017–present)
of Vanguard; and president
(2018–present)
of Vanguard Marketing Corporation.
Chief
investment officer (2013–2017), managing
director
(2002–2017), head of the Retail Investor Group
(2006–2012),
and chief information officer (2001–2006)
of Vanguard.
Trustee and vice chair of The Shipley
School.
Member of the board of governors of the
Investment
Company Institute and of FINRA. |
205 |
1 Mr.
Buckley is considered an “interested person” as defined in the 1940 Act
because he is an officer of the Trust. | ||||
Independent
Trustees |
|
|
|
|
Tara
Bunch
(1962) |
Trustee |
November
2021 |
Head of
Global Operations at Airbnb (2020–present).
Vice
President of AppleCare (2012–2020). Member of
the board of
Out & Equal (2002–2006), the University
of
California, Berkeley School of Engineering
(2020–present),
and Santa Clara University’s School of
Business
(2018–present). |
205 |
Emerson U.
Fullwood
(1948) |
Trustee |
January
2008 |
Executive
chief staff and marketing officer for North
America and
corporate vice president (retired 2008) of
Xerox
Corporation (document management products
and
services). Former president of the Worldwide
Channels
Group, Latin America, and Worldwide
Customer
Service and executive chief staff officer of
Developing
Markets of Xerox. Executive in residence
and 2009–2010
Distinguished Minett Professor at the
Rochester
Institute of Technology. Member of the
board of
directors of the University of Rochester
Medical
Center, the Monroe Community College
Foundation,
the United Way of Rochester, North
Carolina
A&T University, Roberts Wesleyan College,
and the
Rochester Philharmonic Orchestra. Trustee of
the
University of Rochester. |
205
|
Name,
Year of Birth |
Position(s)
Held
With
Funds |
Vanguard
Funds’
Trustee/
Officer
Since |
Principal
Occupation(s)
During
the Past Five Years,
Outside
Directorships,
and
Other Experience |
Number of
Vanguard
Funds
Overseen by
Trustee/Officer |
F. Joseph
Loughrey
(1949) |
Trustee |
October
2009 |
President and
chief operating officer (retired 2009) and
vice chairman
of the board (2008–2009) of Cummins
Inc.
(industrial machinery). Chairman of the board of
Hillenbrand,
Inc. (specialized consumer services).
Director of
the V Foundation. Member of the advisory
council for
the College of Arts and Letters at the
University of
Notre Dame. Chairman of the board of
Saint Anselm
College. |
205 |
Mark
Loughridge
(1953) |
Lead
Independent
Trustee |
March
2012 |
Senior vice
president and chief financial officer (retired
2013) of IBM
(information technology services).
Fiduciary
member of IBM’s Retirement Plan
Committee
(2004–2013), senior vice president and
general
manager (2002–2004) of IBM Global Financing,
vice
president and controller (1998–2002) of IBM, and
a variety of
other prior management roles at IBM.
Member of the
Council on Chicago Booth. |
205 |
Scott C.
Malpass
(1962) |
Trustee |
March
2012 |
Adjunct
professor of finance at Notre Dame
(2020–present).
Chief investment officer and vice
president of
the University of Notre Dame (retired
2020).
Assistant professor of finance at the Mendoza
College of
Business, University of Notre Dame (retired
2020), and
member of the Notre Dame 403(b)
Investment
Committee. Member of the board of
Catholic
Investment Services, Inc. (investment
advisors),
the board of superintendence of the Institute
for the Works
of Religion, and the board of directors of
Paxos Trust
Company (finance). |
205 |
Deanna
Mulligan
(1963) |
Trustee |
January
2018 |
Chief
executive officer of Purposeful (2021–present).
Board chair
(2020), chief executive officer (2011–2020),
and president
(2010–2019) of The Guardian Life
Insurance
Company of America. Chief operating officer
(2010–2011)
and executive vice president (2008–2010)
of Individual
Life and Disability of The Guardian Life
Insurance
Company of America. Member of the board
of the
Economic Club of New York. Trustee of the
Partnership
for New York City (business leadership),
the Chief
Executives for Corporate Purpose, and the
New
York-Presbyterian Hospital. |
205 |
André F.
Perold
(1952) |
Trustee |
December
2004 |
George Gund
Professor of Finance and Banking,
Emeritus at
the Harvard Business School (retired
2011). Chief
investment officer and co-managing
partner of
HighVista Strategies LLC (private
investment
firm). Board member (2018–present) of RIT
Capital
Partners (investment firm); investment
committee
member of Partners Health Care System. |
205 |
Sarah Bloom
Raskin
(1961) |
Trustee |
January
2018 |
Deputy
secretary (2014–2017) of the United States
Department of
the Treasury. Governor (2010–2014) of
the Federal
Reserve Board. Commissioner
(2007–2010)
of financial regulation for the State of
Maryland.
Colin W. Brown Distinguished Professor of
the Practice
(2021–present), Professor (2020–present),
Distinguished
Fellow of the Global Financial Markets
Center
(2020–present), and Rubenstein Fellow
(2017–2020)
of Duke University; trustee
(2017–present)
of Amherst College; member of the
Amherst
College Investment Committee
(2019–present);
and member of the Regenerative
Crisis
Response Committee (2020–present). |
205
|
Name,
Year of Birth |
Position(s)
Held
With
Funds |
Vanguard
Funds’
Trustee/
Officer
Since |
Principal
Occupation(s)
During
the Past Five Years,
Outside
Directorships,
and
Other Experience |
Number of
Vanguard
Funds
Overseen by
Trustee/Officer |
David
Thomas
(1956) |
Trustee |
July
2021 |
President of
Morehouse College (2018–present).
Professor of
Business Administration Emeritus at
Harvard
University (2017–2018) and Dean (2011–2016)
and Professor
of Management at Georgetown
University,
McDonough School of Business
(2016–2017).
Director of DTE Energy Company
(2013–present).
Trustee of Common Fund
(2019–present). |
205 |
Peter F.
Volanakis
(1955) |
Trustee |
July
2009 |
President and
chief operating officer (retired 2010) of
Corning
Incorporated (communications equipment)
and director
of Corning Incorporated (2000–2010) and
Dow Corning
(2001–2010). Director (2012) of SPX
Corporation
(multi-industry manufacturing). Overseer
of the Amos
Tuck School of Business Administration,
Dartmouth
College (2001–2013). Member of the BMW
Group
Mobility Council. |
205 |
Executive
Officers |
|
|
|
|
Christine M.
Buchanan
(1970) |
Chief
Financial
Officer |
November
2017 |
Principal of
Vanguard. Chief financial officer
(2021–present)
and treasurer (2017–2021) of each of
the
investment companies served by Vanguard.
Partner
(2005–2017) at KPMG (audit, tax, and advisory
services). |
205 |
David
Cermak
(1960) |
Finance
Director |
October
2019 |
Principal of
Vanguard. Finance director (2019–present)
of each of
the investment companies served by
Vanguard.
Managing director and head (2017–present)
of Vanguard
Investments Singapore. Managing director
and head
(2017–2019) of Vanguard Investments Hong
Kong.
Representative director and head (2014–2017)
of Vanguard
Investments Japan. |
205 |
John
Galloway
(1973) |
Investment
Stewardship
Officer |
September
2020 |
Principal of
Vanguard. Investment stewardship officer
(2020–present)
of each of the investment companies
served by
Vanguard. Head of Investor Advocacy
(2020–present)
and head of Marketing Strategy and
Planning
(2017–2020) at Vanguard. Special Assistant to
the President
of the United States (2015). |
205 |
Ashley
Grim
(1984) |
Treasurer |
February
2022 |
Treasurer
(February 2022–present) of each of the
investment
companies served by Vanguard. Fund
transfer
agent controller (2019–2022) and director of
Audit
Services (2017–2019) at Vanguard. Senior
manager
(2015–2017) at PriceWaterhouseCoopers
(audit and
assurance, consulting, and tax services). |
205 |
Peter
Mahoney
(1974) |
Controller |
May
2015 |
Principal of
Vanguard. Controller (2015–present) of
each of the
investment companies served by
Vanguard.
Head of International Fund Services (2008–
2014) at
Vanguard. |
205 |
Anne E.
Robinson
(1970) |
Secretary |
September
2016 |
General
counsel (2016–present) of Vanguard.
Secretary
(2016–present) of Vanguard and of each of
the
investment companies served by Vanguard.
Managing
director (2016–present) of Vanguard.
Managing
director and general counsel of Global Cards
and Consumer
Services (2014–2016) at Citigroup.
Counsel
(2003–2014) at American Express.
Non-executive
director of the board of National Grid
(energy). |
205
|
Name,
Year of Birth |
Position(s)
Held
With
Funds |
Vanguard
Funds’
Trustee/
Officer
Since |
Principal
Occupation(s)
During
the Past Five Years,
Outside
Directorships,
and
Other Experience |
Number of
Vanguard
Funds
Overseen by
Trustee/Officer |
Michael
Rollings
(1963) |
Finance
Director |
February
2017 |
Finance
director (2017–present) and treasurer (2017)
of each of
the investment companies served by
Vanguard.
Managing director (2016–present) of
Vanguard.
Chief financial officer (2016–present) of
Vanguard.
Director (2016–present) of Vanguard
Marketing
Corporation. Executive vice president and
chief
financial officer (2006–2016) of MassMutual
Financial
Group. |
205 |
John E.
Schadl
(1972) |
Chief
Compliance
Officer |
March
2019 |
Principal of
Vanguard. Chief compliance officer
(2019–present)
of Vanguard and of each of the
investment
companies served by Vanguard. Assistant
vice
president (2019–present) of Vanguard Marketing
Corporation. |
205 |
Trustee |
Aggregate
Compensation
From
the
Funds1
|
Pension or
Retirement
Benefits
Accrued as Part of
the Funds’
Expenses |
Accrued
Annual
Retirement
Benefit at
January 1,
2022 |
Total
Compensation
From All
Vanguard
Funds Paid
to Trustees2
|
Mortimer J.
Buckley |
— |
— |
— |
— |
Tara
Bunch3
|
$167 |
— |
— |
$94,286 |
Emerson U.
Fullwood |
7,023 |
— |
— |
330,000 |
Amy
Gutmann4
|
7,023 |
— |
— |
330,000 |
F. Joseph
Loughrey |
7,448 |
— |
— |
350,000 |
Mark
Loughridge |
8,512 |
— |
— |
400,000 |
Scott C.
Malpass |
7,023 |
— |
— |
330,000 |
Deanna
Mulligan |
7,023 |
— |
— |
330,000 |
André F.
Perold |
7,023 |
— |
— |
330,000 |
Sarah Bloom
Raskin |
7,448 |
— |
— |
350,000 |
David A.
Thomas5
|
1,672 |
— |
— |
188,571 |
Peter F.
Volanakis |
7,448 |
— |
— |
350,000 |
Vanguard
Fund |
Trustee |
Dollar Range
of
Fund
Shares
Owned by
Trustee |
Aggregate
Dollar Range
of Vanguard
Fund Shares
Owned by
Trustee |
Vanguard U.S.
Liquidity Factor ETF |
Mortimer J.
Buckley |
— |
Over
$100,000 |
|
Tara
Bunch |
— |
Over
$100,000 |
|
Emerson U.
Fullwood |
— |
Over
$100,000 |
|
F. Joseph
Loughrey |
— |
Over
$100,000 |
|
Mark
Loughridge |
— |
Over
$100,000 |
|
Scott C.
Malpass |
— |
Over
$100,000 |
|
Deanna
Mulligan |
— |
Over
$100,000 |
|
André F.
Perold |
— |
Over
$100,000 |
|
Sarah Bloom
Raskin |
— |
Over
$100,000 |
|
David
Thomas |
— |
Over
$100,000 |
|
Peter F.
Volanakis |
— |
Over
$100,000 |
|
|
|
|
Vanguard
Fund |
Trustee |
Dollar Range
of
Fund
Shares
Owned by
Trustee |
Aggregate
Dollar Range
of Vanguard
Fund Shares
Owned by
Trustee |
Vanguard U.S.
Minimum Volatility ETF |
Mortimer J.
Buckley |
— |
Over
$100,000 |
|
Tara
Bunch |
— |
Over
$100,000 |
|
Emerson U.
Fullwood |
— |
Over
$100,000 |
|
F. Joseph
Loughrey |
— |
Over
$100,000 |
|
Mark
Loughridge |
— |
Over
$100,000 |
|
Scott C.
Malpass |
— |
Over
$100,000 |
|
Deanna
Mulligan |
— |
Over
$100,000 |
|
André F.
Perold |
— |
Over
$100,000 |
|
Sarah Bloom
Raskin |
— |
Over
$100,000 |
|
David
Thomas |
— |
Over
$100,000 |
|
Peter F.
Volanakis |
— |
Over
$100,000 |
|
|
|
|
Vanguard U.S.
Momentum Factor ETF |
Mortimer J.
Buckley |
— |
Over
$100,000 |
|
Tara
Bunch |
— |
Over
$100,000 |
|
Emerson U.
Fullwood |
— |
Over
$100,000 |
|
F. Joseph
Loughrey |
— |
Over
$100,000 |
|
Mark
Loughridge |
— |
Over
$100,000 |
|
Scott C.
Malpass |
— |
Over
$100,000 |
|
Deanna
Mulligan |
— |
Over
$100,000 |
|
André F.
Perold |
— |
Over
$100,000 |
|
Sarah Bloom
Raskin |
— |
Over
$100,000 |
|
David
Thomas |
— |
Over
$100,000 |
|
Peter F.
Volanakis |
— |
Over
$100,000 |
|
|
|
|
Vanguard U.S.
Multifactor ETF |
Mortimer J.
Buckley |
— |
Over
$100,000 |
|
Tara
Bunch |
— |
Over
$100,000 |
|
Emerson U.
Fullwood |
— |
Over
$100,000 |
|
F. Joseph
Loughrey |
— |
Over
$100,000 |
|
Mark
Loughridge |
— |
Over
$100,000 |
|
Scott C.
Malpass |
— |
Over
$100,000 |
|
Deanna
Mulligan |
— |
Over
$100,000 |
|
André F.
Perold |
— |
Over
$100,000 |
|
Sarah Bloom
Raskin |
— |
Over
$100,000 |
|
David
Thomas |
— |
Over
$100,000 |
|
Peter F.
Volanakis |
— |
Over
$100,000 |
|
|
|
|
Vanguard U.S.
Multifactor Fund |
Mortimer J.
Buckley |
— |
Over
$100,000 |
|
Tara
Bunch |
— |
Over
$100,000 |
|
Emerson U.
Fullwood |
— |
Over
$100,000 |
|
F. Joseph
Loughrey |
— |
Over
$100,000 |
|
Mark
Loughridge |
— |
Over
$100,000 |
|
Scott C.
Malpass |
— |
Over
$100,000 |
|
Deanna
Mulligan |
— |
Over
$100,000 |
|
André F.
Perold |
— |
Over
$100,000 |
|
Sarah Bloom
Raskin |
— |
Over
$100,000 |
|
David
Thomas |
— |
Over
$100,000 |
|
Peter F.
Volanakis |
— |
Over
$100,000 |
|
|
|
|
Vanguard
Fund |
Trustee |
Dollar Range
of
Fund
Shares
Owned by
Trustee |
Aggregate
Dollar Range
of Vanguard
Fund Shares
Owned by
Trustee |
Vanguard U.S.
Quality Factor ETF |
Mortimer J.
Buckley |
— |
Over
$100,000 |
|
Tara
Bunch |
— |
Over
$100,000 |
|
Emerson U.
Fullwood |
— |
Over
$100,000 |
|
F. Joseph
Loughrey |
— |
Over
$100,000 |
|
Mark
Loughridge |
— |
Over
$100,000 |
|
Scott C.
Malpass |
— |
Over
$100,000 |
|
Deanna
Mulligan |
— |
Over
$100,000 |
|
André F.
Perold |
— |
Over
$100,000 |
|
Sarah Bloom
Raskin |
— |
Over
$100,000 |
|
David
Thomas |
— |
Over
$100,000 |
|
Peter F.
Volanakis |
— |
Over
$100,000 |
|
|
|
|
Vanguard U.S.
Value Factor ETF |
Mortimer J.
Buckley |
Over
$100,000 |
Over
$100,000 |
|
Tara
Bunch |
— |
Over
$100,000 |
|
Emerson U.
Fullwood |
— |
Over
$100,000 |
|
F. Joseph
Loughrey |
— |
Over
$100,000 |
|
Mark
Loughridge |
— |
Over
$100,000 |
|
Scott C.
Malpass |
— |
Over
$100,000 |
|
Deanna
Mulligan |
— |
Over
$100,000 |
|
André F.
Perold |
— |
Over
$100,000 |
|
Sarah Bloom
Raskin |
— |
Over
$100,000 |
|
David
Thomas |
— |
Over
$100,000 |
|
Peter F.
Volanakis |
— |
Over
$100,000 |
|
|
|
|
Vanguard
Wellington Fund |
Mortimer J.
Buckley |
Over
$100,000 |
Over
$100,000 |
|
Tara
Bunch |
— |
Over
$100,000 |
|
Emerson U.
Fullwood |
— |
Over
$100,000 |
|
F. Joseph
Loughrey |
— |
Over
$100,000 |
|
Mark
Loughridge |
— |
Over
$100,000 |
|
Scott C.
Malpass |
— |
Over
$100,000 |
|
Deanna
Mulligan |
— |
Over
$100,000 |
|
André F.
Perold |
— |
Over
$100,000 |
|
Sarah Bloom
Raskin |
— |
Over
$100,000 |
|
David
Thomas |
— |
Over
$100,000 |
|
Peter F.
Volanakis |
Over
$100,000 |
Over
$100,000 |
Vanguard
Fund |
Share
Class |
Owner and
Address |
Percentage
of
Ownership |
Vanguard U.S.
Multifactor Fund |
Admiral
Shares |
FIDELITY INVESTMENTS
INSTITUTIONAL OPERATIONS CO INC
COVINGTON,
KY |
5.72% |
Vanguard
Wellington Fund |
Investor
Shares |
CHARLES SCHWAB & CO INC SAN
FRANCISCO,
CA |
9.37% |
|
|
NATIONAL FINANCIAL SERV CORP
JERSEY CITY,
NJ |
10.44% |
|
|
VARIABLE ANNUITY LIFE INSURANCE
COMPANY HOUSTON,
TX |
14.26% |
Vanguard
Fund |
Owner |
Percentage
of
Ownership |
Vanguard U.S.
Liquidity Factor ETF |
Charles Schwab & Co.,
Inc. |
15.54% |
|
Pershing
LLC |
46.88% |
|
SEI
PV/GWP |
20.04% |
|
Vanguard Marketing
Corporation |
6.51% |
Vanguard U.S.
Minimum Volatility ETF |
Charles Schwab & Co.,
Inc. |
17.85% |
|
National Financial Services
LLC |
17.83% |
|
SEI
PV/GWP |
13.61% |
|
TD Ameritrade Clearing,
Inc. |
10.66% |
|
Vanguard Marketing
Corporation |
20.35% |
Vanguard U.S.
Momentum Factor ETF |
Charles Schwab & Co.,
Inc. |
30.85% |
|
National Financial Services
LLC |
11.62% |
|
Pershing
LLC |
6.33% |
|
TD Ameritrade Clearing,
Inc. |
24.42% |
|
VANGUARD Marketing
Corporation |
9.61% |
Vanguard U.S.
Multifactor ETF |
Charles Schwab & Co.,
Inc. |
17.23% |
|
National Financial Services
LLC |
21.23% |
|
Pershing
LLC |
14.63% |
|
SEI
PV/GWP |
13.04% |
|
Vanguard Marketing
Corporation |
17.68% |
Vanguard U.S.
Quality Factor ETF |
Charles Schwab & Co.,
Inc. |
48.10% |
|
National Financial Services
LLC |
8.66% |
|
TD Ameritrade Clearing,
Inc. |
12.39% |
|
The Bank of New York
Mellon |
7.82% |
|
VANGUARD Marketing
Corporation |
12.36% |
Vanguard U.S.
Value Factor ETF |
Charles Schwab & Co.,
Inc. |
19.90% |
|
National Financial Services
LLC |
27.38% |
|
TD Ameritrade Clearing,
Inc. |
15.00% |
|
The Bank of New York
Mellon |
5.92% |
|
Vanguard Marketing
Corporation |
14.28% |
Vanguard
Fund |
Owner |
Percentage
of
Ownership |
Vanguard U.S.
Liquidity Factor ETF |
Pershing
LLC |
46.88% |
Vanguard U.S.
Momentum Factor ETF |
Charles Schwab & Co.,
Inc. |
30.85% |
Vanguard U.S.
Quality Factor ETF |
Charles Schwab & Co.,
Inc. |
48.10% |
Vanguard U.S.
Value Factor ETF |
National Financial Services
LLC |
27.38% |
Portfolio
Manager |
|
No. of
accounts |
Total
assets |
No. of
accounts with
performance-based
fees |
Total assets
in
accounts
with
performance-based
fees |
Loren L.
Moran |
Registered
investment companies1
|
9 |
$174B |
5 |
$168B |
|
Other
pooled investment vehicles |
2 |
$142.7M |
1 |
$32.5M |
|
Other
accounts |
1 |
$703M |
0 |
$0 |
Daniel J.
Pozen |
Registered
investment companies1
|
5 |
$133B |
2 |
$126B |
|
Other
pooled investment vehicles |
20 |
$4.2B |
6 |
$1.6B |
|
Other
accounts |
20 |
$4.7B |
1 |
$91M |
Vanguard
Fund |
2019 |
2020 |
2021 |
Vanguard
U.S. Liquidity Factor ETF |
— |
— |
— |
Vanguard
U.S. Minimum Volatility ETF |
— |
$23,000 |
— |
Vanguard
U.S. Momentum Factor ETF |
— |
— |
$85,000 |
Vanguard
U.S. Multifactor ETF |
— |
— |
32,000 |
Vanguard
U.S. Multifactor Fund |
— |
— |
—
|
Vanguard
Fund |
2019 |
2020 |
2021 |
Vanguard
U.S. Quality Factor ETF |
— |
— |
43,000 |
Vanguard
U.S. Value Factor ETF |
— |
67,000 |
296,000 |
Portfolio
Manager |
|
No.
of
accounts |
Total
assets |
No.
of accounts with
performance-based
fees |
Total
assets in
accounts
with
performance-based
fees |
Antonio
Picca |
Registered
investment companies1
|
8 |
$3.7B |
0 |
$0 |
|
Other
pooled investment vehicles |
0 |
$0 |
0 |
$0 |
|
Other
accounts |
0 |
$0 |
0 |
$0 |
Vanguard
Fund |
Securities
Lending Activities |
Vanguard
U.S. Liquidity Factor ETF |
|
Gross
income from securities lending activities |
$2 |
Fees paid to
securities lending agent from a revenue split |
$0 |
Fees paid
for any cash collateral management service (including fees deducted from a
pooled cash
collateral
reinvestment vehicle) that are not included in the revenue
split |
$0 |
Administrative
fees not included in revenue split |
$0 |
Indemnification
fee not included in revenue split |
$0 |
Rebate (paid
to borrower) |
$0 |
Other fees
not included in revenue split (specify) |
$0 |
Aggregate
fees/compensation for securities lending activities |
$0 |
Net
income from securities lending activities |
$2 |
Vanguard
U.S. Minimum Volatility ETF |
|
Gross
income from securities lending activities |
$713 |
Fees paid to
securities lending agent from a revenue split |
$0 |
Fees paid
for any cash collateral management service (including fees deducted from a
pooled cash
collateral
reinvestment vehicle) that are not included in the revenue
split |
$3 |
Administrative
fees not included in revenue split |
$28 |
Indemnification
fee not included in revenue split |
$0
|
Vanguard
Fund |
Securities
Lending Activities |
Rebate (paid
to borrower) |
$0 |
Other fees
not included in revenue split (specify) |
$0 |
Aggregate
fees/compensation for securities lending activities |
$31 |
Net
income from securities lending activities |
$682 |
Vanguard
U.S. Momentum Factor ETF |
|
Gross
income from securities lending activities |
$30,129 |
Fees paid to
securities lending agent from a revenue split |
$0 |
Fees paid
for any cash collateral management service (including fees deducted from a
pooled cash
collateral
reinvestment vehicle) that are not included in the revenue
split |
$21 |
Administrative
fees not included in revenue split |
$1,020 |
Indemnification
fee not included in revenue split |
$0 |
Rebate (paid
to borrower) |
$0 |
Other fees
not included in revenue split (specify) |
$0 |
Aggregate
fees/compensation for securities lending activities |
$1,041 |
Net
income from securities lending activities |
$29,088 |
Vanguard
U.S. Multifactor ETF |
|
Gross
income from securities lending activities |
$6,392 |
Fees paid to
securities lending agent from a revenue split |
$0 |
Fees paid
for any cash collateral management service (including fees deducted from a
pooled cash
collateral
reinvestment vehicle) that are not included in the revenue
split |
$4 |
Administrative
fees not included in revenue split |
$228 |
Indemnification
fee not included in revenue split |
$0 |
Rebate (paid
to borrower) |
$0 |
Other fees
not included in revenue split (specify) |
$0 |
Aggregate
fees/compensation for securities lending activities |
$232 |
Net
income from securities lending activities |
$6,160 |
Vanguard
U.S. Multifactor Fund |
|
Gross
income from securities lending activities |
$1,794 |
Fees paid to
securities lending agent from a revenue split |
$0 |
Fees paid
for any cash collateral management service (including fees deducted from a
pooled cash
collateral
reinvestment vehicle) that are not included in the revenue
split |
$1 |
Administrative
fees not included in revenue split |
$65 |
Indemnification
fee not included in revenue split |
$0 |
Rebate (paid
to borrower) |
$0 |
Other fees
not included in revenue split (specify) |
$0 |
Aggregate
fees/compensation for securities lending activities |
$66 |
Net
income from securities lending activities |
$1,728 |
Vanguard
U.S. Quality Factor ETF |
|
Gross
income from securities lending activities |
$8,049 |
Fees paid to
securities lending agent from a revenue split |
$0 |
Fees paid
for any cash collateral management service (including fees deducted from a
pooled cash
collateral
reinvestment vehicle) that are not included in the revenue
split |
$7 |
Administrative
fees not included in revenue split |
$265 |
Indemnification
fee not included in revenue split |
$0 |
Rebate (paid
to borrower) |
$0 |
Other fees
not included in revenue split (specify) |
$0 |
Aggregate
fees/compensation for securities lending activities |
$272 |
Net
income from securities lending activities |
$7,777 |
Vanguard
U.S. Value Factor ETF |
|
Gross
income from securities lending activities |
$9,728 |
Fees paid to
securities lending agent from a revenue split |
$0
|
Vanguard
Fund |
Securities
Lending Activities |
Fees paid
for any cash collateral management service (including fees deducted from a
pooled cash
collateral
reinvestment vehicle) that are not included in the revenue
split |
$17 |
Administrative
fees not included in revenue split |
$359 |
Indemnification
fee not included in revenue split |
$0 |
Rebate (paid
to borrower) |
$0 |
Other fees
not included in revenue split (specify) |
$0 |
Aggregate
fees/compensation for securities lending activities |
$376 |
Net
income from securities lending activities |
$9,352 |
Vanguard
Wellington Fund |
|
Gross
income from securities lending activities |
$1,086,143 |
Fees paid to
securities lending agent from a revenue split |
$0 |
Fees paid
for any cash collateral management service (including fees deducted from a
pooled cash
collateral
reinvestment vehicle) that are not included in the revenue
split |
$16,331 |
Administrative
fees not included in revenue split |
$42,484 |
Indemnification
fee not included in revenue split |
$0 |
Rebate (paid
to borrower) |
$0 |
Other fees
not included in revenue split (specify) |
$0 |
Aggregate
fees/compensation for securities lending activities |
$58,815 |
Net
income from securities lending activities |
$1,027,328 |
Vanguard
Fund |
2019 |
2020 |
2021 |
Vanguard U.S.
Liquidity Factor ETF |
$13,000 |
$17,000 |
$15,000 |
Vanguard U.S.
Minimum Volatility ETF1
|
12,000 |
19,000 |
4,000 |
Vanguard U.S.
Momentum Factor ETF2
|
10,000 |
20,000 |
56,000 |
Vanguard U.S.
Multifactor ETF |
20,000 |
15,000 |
18,000 |
Vanguard U.S.
Multifactor Fund |
8,000 |
8,000 |
7,000 |
Vanguard U.S.
Quality Factor ETF2
|
6,000 |
9,000 |
16,000 |
Vanguard U.S.
Value Factor ETF2
|
34,000 |
44,000 |
68,000 |
Vanguard
Wellington Fund3
|
11,275,000 |
18,234,000 |
6,804,000 |
Vanguard
Fund |
Regular
Broker or Dealer (or Parent) |
Aggregate
Holdings |
Vanguard U.S.
Liquidity Factor ETF |
Jefferies
LLC |
$1,387,000 |
Vanguard U.S.
Minimum Volatility ETF |
— |
—
|
Vanguard
Fund |
Regular
Broker or Dealer (or Parent) |
Aggregate
Holdings |
Vanguard U.S.
Momentum Factor ETF |
Goldman Sachs
& Co. LLC |
1,148,000 |
|
Jefferies
LLC |
292,000 |
|
Merrill
Lynch, Pierce, Fenner & Smith Inc. |
354,000 |
|
Morgan
Stanley & Co. LLC |
1,884,000 |
Vanguard U.S.
Multifactor ETF |
Citigroup
Global Markets Inc. |
151,000 |
|
Goldman Sachs
& Co. LLC |
962,000 |
|
Jefferies
LLC |
398,000 |
|
Merrill
Lynch, Pierce, Fenner & Smith Inc. |
1,257,000 |
|
Morgan
Stanley & Co. LLC |
82,000 |
Vanguard U.S.
Multifactor Fund |
Citigroup
Global Markets Inc. |
192,000 |
|
Goldman Sachs
& Co. LLC |
424,000 |
|
Jefferies
LLC |
233,000 |
|
Merrill
Lynch, Pierce, Fenner & Smith Inc. |
286,000 |
|
Morgan
Stanley & Co. LLC |
48,000 |
Vanguard U.S.
Quality Factor ETF |
Jefferies
LLC |
148,000 |
Vanguard U.S.
Value Factor ETF |
Citigroup
Global Markets Inc. |
2,773,000 |
|
Goldman Sachs
& Co. LLC |
2,545,000 |
|
Jefferies
LLC |
731,000 |
|
Merrill
Lynch, Pierce, Fenner & Smith Inc. |
1,675,000 |
|
Morgan
Stanley & Co. LLC |
1,945,000 |
Vanguard
Wellington Fund |
Barclays
Capital, Inc. |
221,143,000 |
|
Citigroup
Global Markets Inc. |
373,843,000 |
|
Credit Suisse
Securities (USA) LLC |
282,762,000 |
|
Goldman Sachs
& Co. LLC |
1,026,513,000 |
|
HSBC
Securities Inc. |
619,141,000 |
|
J.P. Morgan
Securities LLC |
3,061,791,000 |
|
Morgan
Stanley & Co. LLC |
1,362,181,000 |
|
Nomura
Securities International |
64,200,000 |
|
UBS
Securities LLC |
114,336,000 |