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Past performance is no guarantee of future results. There is no guarantee that any forecasts made will come to pass.

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We recommend to obtain professional advice based on your individual circumstances before taking an investment decision.

This document is for educational purposes only and does not take into consideration your background and specific circumstances nor any other investment profiling circumstances that could be material for taking an investment decision. This document should not be considered as an investment recommendation, a recommendation can only be provided by Vanguard Mexico upon completion of the relevant profiling and legal processes. are not responsible and do not guarantee the completeness or accuracy of such information. The information contained in this material derived from third-party sources is deemed reliable, however Vanguard Mexico and The Vanguard Group Inc. and its affiliates and such affiliates and their clients may maintain positions in the securities recommended by Vanguard Mexico. Securities information provided in this document must be reviewed together with the offering information of each of the securities which may be found on Vanguard’s website: or Vanguard Mexico may recommend products of The Vanguard Group Inc. Reliance upon information in this material is at the sole discretion of the reader. This material is solely for informational purposes and does not constitute an offer or solicitation to sell or a solicitation of an offer to buy any security, nor shall any such securities be offered or sold to any person, in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction. The supervision scope of the CNBV is limited to Advisory Investment Services only and not all services provided by Vanguard Mexico.

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The registration of Vanguard Mexico before the Comisión Nacional Bancaria y de Valores (“CNBV”) as an Asesor en Inversiones Independiente is not a certification of Vanguard Mexico’s compliance with regulation applicable to Advisory Investment Services (Servicios de Inversión Asesorados) nor a certification on the accuracy of the information provided herein. Asesor en Inversiones Independiente (“Vanguard Mexico”) registration number: 30119-001-(14831). In the event of discrepancy between the information on this website and that contained in the legal documentation of the products, the latter shall prevail. This website is aimed at institutional investors and sophisticated investors, so Vanguard Mexico will not have any responsibility for the use given to the information contained in this page, by investors that are not sophisticated or institutional. Your use of this site signifies that you accept our terms and conditions and privacy policy.

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