p.1: Vanguard is a global asset manager,employing over 17,000 members of staff (“Crew”). We aimto offer investors the highest value investment products and services available and havean unwavering focus on investor value and costs. The Vanguard Group, Inc. (Vanguard Asset Services, Limited and its UK group subsidiaries’ultimate parent entity) is owned by Vanguard's US domiciled mutual funds, which in turn are owned by the investors in those funds.