Vanguard Wellington Fund closes to third party intermediaries

TheShadow

http://www.sec.gov/Archives/edgar/data/105563/000093247115005798/ps21_022013.htm

497 1 ps21_022013.htm CLOSED FUND SUPPLEMENT



Vanguard Wellington™ Fund

Supplement to the Prospectus and Summary Prospectus

Important Note Regarding Vanguard Wellington Fund

Vanguard Wellington Fund will be closed to all prospective financial advisory, institutional, and intermediary clients (other than clients who invest through a Vanguard brokerage account).

The Fund will remain closed until further notice and there is no specific time frame for when the Fund will reopen. During the Fund’s closed period, all current shareholders may continue to purchase, exchange, or redeem shares of the Fund online, by telephone, or by mail.

The Fund may modify these transaction policies at any time and without prior notice to shareholders. You may call Vanguard for more detailed information about the Fund’s transaction policies. Participants in employer-sponsored plans may call Vanguard Participant Services at 800-523-1188. Investors in nonretirement accounts and IRAs may call Vanguard’s Investor Information Department at 800-662-7447.



© 2013 The Vanguard Group, Inc. All rights reserved.
Vanguard Marketing Corporation, Distributor. PS 21 022013

bee

I've often wondered if there is any correlation between fund closings and future market or maybe more specifically the fund's future performance?

Cyclically do funds run out of good ideas...opportunities?

This is a "soft close", much like what Wasatch just announced. Makes you wish you brought in yesterday. These announced closings are the very reason I often maintain toeholds in certain funds rather than selling completely out.

Curious what other think about the dynamic of funds limiting the "buy side" of their business.