Vanguard funds not held in a brokerage account are held by The Vanguard Group, Inc., and are not protected by SIPC. Brokerage assets are held by Vanguard Brokerage Services, a division of Vanguard Marketing Corporation, member FINRA and SIPC.
For additional financial information on Vanguard Marketing Corporation, see its Statement of Financial Condition: Audited and Unaudited.
Broker-Dealer Client Relationship Summary (VMC Form CRS) and Investment Advisor Client Relationship Summary (VAI Form CRS).
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