To date, we are not aware of any specific link between the inquiry and Wellington's management of Vanguard funds. Vanguard has a long-standing relationship with Wellington and remains confident in their abilities as an adviser of our clients' assets.
Jack himself has been working the phone lines and speaking with shareholders this morning. People's money is safe here, there's no question about that.
We don't disclose the strategy we use when buying or selling stocks when they're added to or taken out of the index.
The reason we're offering them is to draw out the short-term traders from corresponding Vanguard funds.
We do not want market timers. They're not welcome here at all. I want to make that clear that we do not want market timers at Vanguard Group.