Joe Brennan

Joe Brennan

Joe Brennan leads the Vanguard Global Equity Index Group. He previously served as our Australia-based Asia Pacific chief investment officer. Previously, Joe was head of the Vanguard Portfolio Review Department with responsibility for oversight of more than 160 mutual funds and monitoring of external investment advisors. He joined Vanguard in 1991. Joe earned a B.A. in economics from Fairfield University and an M.S. in finance from Drexel University. He is a CFA® charterholder and a member of the CFA Society of Philadelphia.

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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 very large aggregations worth millions of dollars. Instead, investors must buy and sell Vanguard ETF Shares in the secondary market and hold those shares in a brokerage account. 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.

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

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