The Vanguard Consumer Discretionary ETF is an exchange-traded fund that focuses on companies in the consumer discretionary sector. This sector includes businesses that sell non-essential goods and services, such as retail, entertainment, and automobiles. By investing in this ETF, investors gain exposure to a diverse range of companies that can benefit from increased consumer spending. The ETF aims to track the performance of the MSCI US Investable Market Consumer Discretionary 25/50 Index. It typically includes well-known companies like Amazon, Tesla, and Nike. Investors can buy shares of the ETF on stock exchanges, making it a convenient way to invest in the consumer discretionary market.