Vanguard Introduces Low-Cost Admiral Shares of Emerging Markets Stock Index Fund.VALLEY FORGE Valley Forge, on the Schuylkill River, SE Pa., NW of Philadelphia. There, during the American Revolution, the main camp of the Continental Army was established (Dec., 1777–June, 1778) under the command of Gen. George Washington. , Pa. -- Vanguard Vanguard Any of three unmanned U.S. experimental satellites. Vanguard I (1958), the second U.S. satellite placed in orbit around Earth (after Explorer 1), was a tiny 3.25-lb (1.47-kg) sphere with two radio transmitters. is now offering low-expense Admiral ADMIRAL, officer. In some countries is the commander in chief of the naval forces. This office does not exist in the United States. (TM) Shares of the $9.6 billion Vanguard(R) Emerging Markets Stock Index Fund. The expense ratio for the Admiral Shares is 0.30%, which is less than one-sixth n. 1. a sixth part. Noun 1. one-sixth - one part in six equal parts sixth common fraction, simple fraction - the quotient of two integers of the 1.91% expense ratio of the average emerging markets mutual fund (source: Lipper Inc., May 2006). Individual shareholders qualify for the lower expense Admiral Shares if either: --They maintain a balance of $100,000 or more in the fund; or --Their fund account has been established for at least ten years and maintains a balance of $50,000 or more. (Registration for online account access on Vanguard.com(R) is also required.) Vanguard Emerging Markets Stock Index Fund, introduced in 1994, seeks to track the performance of the Select Emerging Markets Index* by investing in stocks issued by companies located in 18 emerging markets throughout Europe, Asia, Africa, and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . A total of 65 Vanguard funds now offer Admiral Shares, some featuring expense ratios as low as 0.09%. The Vanguard Group, headquartered in Valley Forge, Pennsylvania This article is about the Village of Valley Forge, in southeastern Pennsylvania. For other uses, see Valley Forge (disambiguation). The Village of Valley Forge is an unincorporated settlement located on the west side of Valley Forge National Historical Park at the , is the nation's second-largest mutual fund firm and a leading provider of company-sponsored retirement plan services. Vanguard manages more than $980 billion in U.S. mutual fund assets Fund assets The total value of a portfolio's securities, cash, and other holdings, minus any outstanding debts. , including more than $275 billion in employer-sponsored retirement plans. Vanguard offers more than 130 funds to U.S. investors and more than 40 additional funds in foreign markets. *Administered exclusively for Vanguard by MSCI. All figures are as of May 31, 2006, unless otherwise noted. For more information about Vanguard funds, visit www.vanguard.com, or call 800-662-7447, to obtain a 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. Foreign investing involves additional risks including currency fluctuations and political uncertainty. Stocks of companies in emerging markets are generally more risky than stocks of companies in developed countries. Vanguard Marketing Corporation, Distributor. |
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