Catherine Gordon

Catherine Gordon

Catherine Gordon leads the institutional research and advice team within Vanguard Investment Strategy Group. She joined Vanguard in 2004 and spent several years helping direct our mutual funds' investment managers. She later went on to manage Vanguard's Advice Services Group, which delivers financial planning and advice to retail and institutional clients. Catherine has worked in investment management her entire career. Prior to joining Vanguard, she was an analyst and portfolio manager with Morgan Stanley and Wilmington Trust. She graduated from Smith College with an A.B. and is a member of the CFA Society of Philadelphia and the CFA Institute.

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Visit or contact your broker to obtain a Vanguard ETF or fund prospectus which contains investment objectives, risks, charges, expenses, and other information; read and consider carefully before investing.

Vanguard ETF Shares are not redeemable with the issuing Fund other than in Creation Unit aggregations. Instead, investors must buy or sell Vanguard ETF Shares in the secondary market with the assistance of a stockbroker. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling.

Investments in bond funds are subject to interest rate, credit, and inflation risk.

Diversification does not ensure a profit or protect against a loss in a declining market.

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.

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in such a fund.

All investing is subject to risk, including possible loss of principal.

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