Vanguard International Stock Index Funds Annual Report
Vanguard International Stock Index Funds Annual Report
Vanguard International Stock Index Funds Annual Report
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
European <strong>Stock</strong> <strong>Index</strong> Fund<br />
Financial Highlights<br />
Institutional Shares<br />
For a Share Outstanding<br />
Year Ended October 31,<br />
Throughout Each Period 2009 2008 2007 2006 2005<br />
Net Asset Value, Beginning of Period $22.04 $43.51 $34.74 $27.05 $23.80<br />
Investment Operations<br />
Net Investment Income 1.036 1.3151 1.350 1 Net Realized and Unrealized Gain (Loss)<br />
.978 .721<br />
on Investments 4.277 (21.524) 8.390 7.450 3.140<br />
Total from Investment Operations<br />
Distributions<br />
5.313 (20.209) 9.740 8.428 3.861<br />
Dividends from Net Investment Income (1.553) (1.261) (.970) (.738) (.611)<br />
Distributions from Realized Capital Gains — — — — —<br />
Total Distributions (1.553) (1.261) (.970) (.738) (.611)<br />
Net Asset Value, End of Period $25.80 $22.04 $43.51 $34.74 $27.05<br />
Total Return 2 26.45% –47.72% 28.63% 31.83% 16.42%<br />
Ratios/Supplemental Data<br />
Net Assets, End of Period (Millions)<br />
Ratio of Total Expenses to<br />
$853 $3,316 $5,263 $3,113 $1,827<br />
Average Net Assets<br />
Ratio of Net Investment Income to<br />
0.12% 0.09% 0.09% 0.12% 0.12%<br />
Average Net Assets 3.95% 3.95% 3.48% 3.50% 2.99%<br />
Portfolio Turnover Rate3 1 Calculated based on average shares outstanding.<br />
18% 15% 9% 6% 5%<br />
2 Total returns do not reflect the 2% fee on redemptions of shares held for less than two months.<br />
3 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares,<br />
including ETF Creation Units.<br />
See accompanying Notes, which are an integral part of the Financial Statements.<br />
29