Christine Benz: Hi, I'm Christine Benz from Morningstar.com. Has Vanguard been feeling competitive pressure in the wake of Fidelity's launch of free index funds? Joining me to discuss and other news at Vanguard over the past year is Alec Lucas, he's a senior analyst in Morningstar's manager research group.
Alec, thank you so much for being here.
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Alec Lucas has a position in the following securities mentioned above: VDIGX. Find out about Morningstar’s editorial policies.