Vanguard Tax-Managed International Fund Annual Report ...

Tax-Managed International Fund
Statement of Operations
Investment Income
Income
Year Ended
December 31, 2009
Dividends 1 140,791
Interest 2 15
Total Income 140,806
Expenses
The Vanguard Group—Note B
($000)
Investment Advisory Services 211
Management and Administrative—Investor Shares 1,903
Management and Administrative—Institutional Shares 115
Management and Administrative—ETF Shares 3,213
Marketing and Distribution—Investor Shares 252
Marketing and Distribution—Institutional Shares 62
Marketing and Distribution—ETF Shares 850
Custodian Fees 507
Auditing Fees 31
Shareholders’ Reports and Proxies—Investor Shares 33
Shareholders’ Reports and Proxies—Institutional Shares —
Shareholders’ Reports and Proxies—ETF Shares 185
Trustees’ Fees and Expenses 7
Total Expenses 7,369
Expenses Paid Indirectly (70)
Net Expenses 7,299
Net Investment Income 133,507
Realized Net Gain (Loss)
Investment Securities Sold (195,088)
Foreign Currencies 2,812
Realized Net Gain (Loss) (192,276)
Change in Unrealized Appreciation (Depreciation)
Investment Securities 1,325,356
Foreign Currencies (150)
Change in Unrealized Appreciation (Depreciation) 1,325,206
Net Increase (Decrease) in Net Assets Resulting from Operations 1,266,437
1 Dividends are net of foreign withholding taxes of $12,739,000.
2 Interest income from an affiliated company of the fund was $15,000.
See accompanying Notes, which are an integral part of the Financial Statements.
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