Vanguard Tax-Managed International Fund Annual Report ...
Vanguard Tax-Managed International Fund Annual Report ...
Vanguard Tax-Managed International Fund Annual Report ...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
12<br />
<strong>Tax</strong>-<strong>Managed</strong> <strong>International</strong> <strong>Fund</strong><br />
Average <strong>Annual</strong> Total Returns<br />
Periods Ended December 31, 2009<br />
Final Value<br />
Since of a $10,000<br />
One Year Inception1 Investment<br />
Europe Pacific ETF Shares Net Asset Value 28.34% –11.63% $7,388<br />
MSCI All Country World Index ex USA 42.14 –9.80 7,769<br />
MSCI EAFE Index 31.78 –12.04 7,303<br />
Cumulative Returns of ETF Shares: July 20, 2007–December 31, 2009<br />
One Year<br />
Cumulative<br />
Since Inception1 Europe Pacific ETF Shares Market Price 27.30% –26.00%<br />
Europe Pacific ETF Shares Net Asset Value 28.34 –26.12<br />
MSCI EAFE Index 31.78 –26.97<br />
Fiscal-Year Total Returns (%): December 31, 1999–December 31, 2009<br />
2000<br />
–14.3 –14.2<br />
2001<br />
–21.9 –21.4<br />
2002<br />
–15.6 –15.9<br />
2003<br />
38.7 38.6<br />
2004<br />
20.3 20.2<br />
<strong>Tax</strong>-<strong>Managed</strong> <strong>International</strong> <strong>Fund</strong> Investor Shares<br />
MSCI EAFE Index<br />
13.6 13.5<br />
1 Performance for the fund’s Europe Pacific ETF Shares and comparative standards is calculated since the ETF Shares’ inception date:<br />
July 20, 2007.<br />
2005<br />
2006<br />
26.3 26.3<br />
2007<br />
11.2 11.2<br />
2008<br />
–41.3 –43.4<br />
2009<br />
28.3 31.8
Change language