Vanguard International Explorer Fund Annual Report October 31 ...
Vanguard International Explorer Fund Annual Report October 31 ...
Vanguard International Explorer Fund Annual Report October 31 ...
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22<br />
<strong>International</strong> <strong>Explorer</strong> <strong>Fund</strong><br />
Statement of Changes in Net Assets<br />
Increase (Decrease) in Net Assets<br />
Operations<br />
Year Ended <strong>October</strong> <strong>31</strong>,<br />
2009 2008<br />
($000) ($000)<br />
Net Investment Income 26,607 56,946<br />
Realized Net Gain (Loss) (138,373) (59,891)<br />
Change in Unrealized Appreciation (Depreciation) 623,629 (1,472,051)<br />
Net Increase (Decrease) in Net Assets Resulting from Operations 511,863 (1,474,996)<br />
Distributions<br />
Net Investment Income (37,635) (79,257)<br />
Realized Capital Gain 1 — (373,252)<br />
Total Distributions (37,635) (452,509)<br />
Capital Share Transactions<br />
Issued 642,115 106,562<br />
Issued in Lieu of Cash Distributions 32,939 396,475<br />
Redeemed 2 (<strong>31</strong>7,000) (748,736)<br />
Net Increase (Decrease) from Capital Share Transactions 358,054 (245,699)<br />
Total Increase (Decrease) 832,282 (2,173,204)<br />
Net Assets<br />
Beginning of Period 1,079,200 3,252,404<br />
End of Period3 1,911,482 1,079,200<br />
1 Includes fiscal 2008 short-term gain distributions totaling $36,430,000. Short-term gain distributions are treated as ordinary income<br />
dividends for tax purposes.<br />
2 Net of redemption fees for fiscal 2009 and 2008 of $170,000 and $33,000, respectively.<br />
3 Net Assets—End of Period includes undistributed net investment income of $19,402,000 and $23,100,000.<br />
See accompanying Notes, which are an integral part of the Financial Statements.
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