The Vanguard Group traces its roots to the founding of its first mutual fund, Wellington Fund, in 1928. Today, with net assets of C$996 billion, Vanguard is a leading global asset manager, serving 18 million individual and institutional shareholders around the world.

Institutional Asset Management
In addition to our well-known indexing capabilities, Vanguard offers more than 60 actively managed portfolios. With 400 clients around the world, Vanguard is dedicated to the investment needs of defined benefit plans, offering:

• Institutionally-priced portfolios.
• Single and multi-manager mandates.
• 28 years average manager experience, with 10 years average portfolio tenure.

Because Vanguard is one of the largest manager-of-managers, clients benefit from our unrivaled access to 24 world-renowned institutional managers, including some of the industry's best-known portfolio managers and distinguished investment boutiques, offering important benefits:

• Multi-manager approach reduces individual security risk through diversity of thought.
• External manager utilization facilitates unique access to institutional managers.
• Demonstrated manager experience results in "best of class" professionals.
• Exhaustive, independent oversight gives added measure of fiduciary confidence.

Serving Pension Fund Clients
Vanguard pension fund clients receive exceptional service from a focused client service team.

• Dedicated Relationship Manager.
• Comprehensive monthly statements and transaction-based reporting.
• Internet access and report shells to be downloaded and customized.
• Transition management services.
• Investment reviews and access to proprietary investment research.

Discover the Vanguard Advantage

• Access to the world's leading money managers at significant value.
• Specialists in various investment styles.
• Rigorous monitoring of style and performance.
• World-class client service.