2023 LSEG Lipper Fund Awards 2023 LSEG Lipper Fund Awards
For more than three decades, LSEG Lipper Awards have recognized funds and fund management firms for their consistently strong risk-adjusted performance relative to their peers. Based on LSEG quantitative, proprietary methodology, the awards reflect an independent and uncompromised assessment of fund performance.
For 2023, three of our funds won LSEG Lipper Fund Awards!
Vanguard Windsor U.S. Value Fund seeks to provide long-term capital appreciation and income by investing primarily in large- and mid-capitalization companies located in the United States whose stocks are considered to be undervalued.
Vanguard FTSE Canadian High Dividend Yield Index ETF seeks to track, to the extent reasonably possible and before fees and expenses, the performance of a broad Canadian equity index that measures the investment return of common stocks of Canadian companies that are characterized by high dividend yield. Currently, this Vanguard ETF seeks to track the FTSE Canada High Dividend Yield Index (or any successor thereto). It invests primarily in common stocks of Canadian companies that pay dividends.
Vanguard Global Value Factor ETF seeks to provide long-term capital appreciation by aiming to capture potential excess return by investing in equity securities from developed markets across the world which have low prices relative to fundamentals.
Vanguard’s Active capabilities have spanned over 45+ years
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In Canada, on average, our management fees are 22.5%*** lower than the industry average F series management fee.
Since introducing the first index fund for individual investors in the United States in 1976, Vanguard has developed a reputation for tight index tracking, rigorous risk controls and low costs. Today, millions of investors around the world rely on us for our high-quality index investments.
Our index ETFs are designed to work as part of a core indexing strategy that targets major asset classes.
In Canada, we offer a suite of market-capitalization-weighted index ETFs that cover Canadian, U.S. and international equities and Canadian and global investment-grade bonds. These ETFs benefit from the same management expertise and benchmark construction best practices that made us a global indexing leader.
| Low costs | Index investments don't require highly paid teams to analyze and select stocks. Instead, they hold securities until the index itself changes. As a result, they generally have low management and transaction costs. Research has shown lower-cost funds tend to outperform higher-cost funds over the long term. |
| Diversification | Index investments generally hold most or all of the securities in their target indexes, and some provide exposure to thousands of securities. Investing in many or all key market segments ensures some participation in stronger areas while also mitigating the impact of weaker areas. |
| Simplicity | Most index investments have a precise, easily understood objective: to track the performance of a specific index (before fees and expenses). |
| Tax efficiency | Index investments may provide a tax advantage relative to open-end, actively managed funds because their management tends to require less portfolio turnover. Lower turnover can minimize capital gains distributions, which can, in turn, improve long-term after-tax performance. |
| Competitive performance | Low-cost, well-managed index investments can be an effective way to achieve competitive returns over the long run. |
The winning ETFs for the following periods ending July 31, 2023, are:
ETF name |
Category |
Period recognized |
Fund count |
Vanguard Windsor U.S. Value Fund |
U.S. Equity
|
3 years |
165 |
Vanguard FTSE Canadian High Dividend Yield Index ETF |
Canadian Dividend & Income Equity |
5 years |
15 |
Vanguard Global Value Factor ETF |
Global Equity |
3 years |
41 |
Vanguard Windsor U.S. Value Fund - Series F has won the US Equity classification award for the 3-year categories ending July 31, 2023, out of a classification total of 165 for the 3-year period. Performance for the period ended October 31, 2023 is as follows: 15.26% (1 year), 16.49% (3 years), 9.43% (5 years), 8.59% (since inception June 2018).
Vanguard FTSE Canadian High Dividend Yield Index ETF has won the Canadian Dividend & Income Equity classification award for the 5-year categories ending July 31, 2023, out of a classification total of 15 for the 5-year period. Performance for the period ended October 31, 2023 is as follows: 4.56% (1 year), 15.93% (3 years), 8.16% (5 years), 7.87 (10 years), 8.43% (since inception November 2012).
Vanguard Global Value Factor ETF has won the Global Equity classification award for the 3-year categories ending July 31, 2023, out of a classification total of 41 for the 3-year period. Performance for the period ended October 31, 2023 is as follows: 22.61% (1 year), 18.79% (3 years), 5.94% (5 years), 9.41% (since inception June 2016).
Vanguard Windsor U.S. Value Fund - Series F has won the US Equity classification award for the 3-year categories. Vanguard FTSE Canadian High Dividend Yield Index ETF has won the Canadian Dividend & Income Equity classification award for the 5-year categories. Vanguard Global Value Factor ETF has won the Global Equity classification award for the 3-year categories. The ranking entity of the award is LSEG Lipper.
The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is an objective, quantitative, risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For more information, see lipperfundawards.com. Although LSEG Lipper makes reasonable efforts to ensure the accuracy and reliability of the data used to calculate the awards, their accuracy is not guaranteed.
The management fee is equal to the fee paid by the Vanguard fund to Vanguard Investments Canada Inc. and does not include applicable taxes or other fees and expenses of the Vanguard fund.
***The average management fee is calculated by taking the average management fee of the industry for series F funds. Vanguard is lower than 22.5% of the industry when compared to the maximum fee for VIC600 of 0.55.
Commissions, management fees, and expenses all may be associated with investment funds. Investment objectives, risks, fees, expenses, and other important information are contained in the prospectus; please read it before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. Vanguard funds are managed by Vanguard Investments Canada Inc. and are available across Canada through registered dealers.
This material is for informational purposes only. This material is not intended to be relied upon as research, investment, or tax advice and is not an implied or express recommendation, offer or solicitation to buy or sell any security or to adopt any particular investment or portfolio strategy. Any views and opinions expressed do not take into account the particular investment objectives, needs, restrictions and circumstances of a specific investor and, thus, should not be used as the basis of any specific investment recommendation. Investors should consult a financial and/or tax advisor for financial and/or tax information applicable to their specific situation.
All investment funds, including those that seek to track an index are subject to risk, including the possible loss of principal. Diversification does not ensure a profit or protect against a loss in a declining market. While the Vanguard ETFs are designed to be as diversified as the original indices they seek to track and can provide greater diversification than an individual investor may achieve independently, any given ETF may not be a diversified investment.
All monetary figures are expressed in Canadian dollars unless otherwise noted.