Vanguard International Stock Index Funds Annual Report

More documents

Recommendations

Info

58 Pacific Stock Index Fund B. The Vanguard Group furnishes at cost investment advisory, corporate management, administrative, marketing, and distribution services. The costs of such services are allocated to the fund under methods approved by the board of trustees. The fund has committed to provide up to 0.40% of its net assets in capital contributions to Vanguard. At October 31, 2009, the fund had contributed capital of $1,210,000 to Vanguard (included in Other Assets), representing 0.02% of the fund’s net assets and 0.48% of Vanguard’s capitalization. The fund’s trustees and officers are also directors and officers of Vanguard. C. The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the year ended October 31, 2009, custodian fee offset arrangements reduced the fund’s expenses by $86,000 (an annual rate of 0.00% of average net assets). D. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. Level 1—Quoted prices in active markets for identical securities. Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). The following table summarizes the fund’s investments as of October 31, 2009, based on the inputs used to value them: Level 1 Level 2 Level 3 Investments ($000) ($000) ($000) Common Stocks 4,168 5,598,016 — Temporary Cash Investments 86,082 3,999 — Futures Contracts—Assets1 271 — — Forward Currency Contracts—Assets 147 — — Forward Currency Contracts—Liabilities (71) — — Total 1 Represents variation margin on the last day of the reporting period. 90,597 5,602,015 — E. At October 31, 2009, the fair values of derivatives were reflected in the Statement of Net Assets as follows: Equity Foreign Exchange Contracts1 Contracts Total Statement of Net Assets Caption ($000) ($000) ($000) Other Assets 271 147 418 Liabilities 1 Represents variation margin on the last day of the reporting period. — (71) (71)
Pacific Stock Index Fund Realized net gain (loss) and the change in unrealized appreciation (depreciation) on derivatives for the year ended October 31, 2009, were: Equity Foreign Exchange Contracts Contracts Total Realized Net Gain (Loss) on Derivatives ($000) ($000) ($000) Futures Contracts (23,661) — (23,661) Forward Currency Contracts — (2,698) (2,698) Realized Net Gain (Loss) on Derivatives (23,661) (2,698) (26,359) Change in Unrealized Appreciation (Depreciation) on Derivatives Futures Contracts 25,173 — 25,173 Forward Currency Contracts — 3,436 3,436 Change in Unrealized Appreciation (Depreciation) on Derivatives 25,173 3,436 28,609 At October 31, 2009, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were: Number of Aggregate ($000) Unrealized Long (Short) Settlement Appreciation Futures Contracts Expiration Contracts Value (Depreciation) Topix Index December 2009 130 12,839 (152) S&P ASX 200 Index December 2009 41 4,283 (107) At October 31, 2009, the fund had open forward currency contracts to receive and deliver currencies as follows. Unrealized appreciation (depreciation) on open forward currency contracts is treated as realized gain (loss) for tax purposes. Unrealized Appreciation Contract Amount (000) (Depreciation) Contract Settlement Date Receive Deliver ($000) 12/16/2009 USD 12,514 JPY 1,132,494 (62) 12/23/2009 AUD—Australian dollar. JPY—Japanese yen. USD—U.S. dollar. AUD 4,631 USD 4,163 138 The fund had net unrealized foreign currency losses of $4,000 resulting from the translation of other assets and liabilities at October 31, 2009. 59
Page 1 and 2:
Vanguard International Stock Index
Page 3 and 4:
Your Fund’s Total Returns Fiscal
Page 5 and 6:
Your Fund’s Performance at a Glan
Page 7 and 8:
All three funds succeeded in captur
Page 9 and 10: end of 2008, as the credit markets
Page 11 and 12: A note on fair-value pricing An ind
Page 13 and 14: Results of Proxy Voting At a specia
Page 15 and 16: European Stock Index Fund Fund Prof
Page 17 and 18: European Stock Index Fund Since Fin
Page 19 and 20: European Stock Index Fund Financial
Page 21 and 22: European Stock Index Fund Market Va
Page 23 and 24: European Stock Index Fund Market Va
Page 25 and 26: European Stock Index Fund At Octobe
Page 27 and 28: European Stock Index Fund Statement
Page 33 and 34: European Stock Index Fund Notes to
Page 35 and 36: European Stock Index Fund B. The Va
Page 37 and 38: European Stock Index Fund The fund
Page 39 and 40: Pacific Stock Index Fund Fund Profi
Page 41 and 42: Pacific Stock Index Fund Since Fina
Page 43 and 44: Pacific Stock Index Fund Financial
Page 45 and 46: Pacific Stock Index Fund Market Val
Page 51 and 52: Pacific Stock Index Fund Statement
Page 59: Pacific Stock Index Fund futures ar
Page 63 and 64: Pacific Stock Index Fund H. Capital
Page 65 and 66: Emerging Markets Stock Index Fund M
Page 67 and 68: Emerging Markets Stock Index Fund S
Page 69 and 70: Emerging Markets Stock Index Fund F
Page 81 and 82: Emerging Markets Stock Index Fund A
Page 83 and 84: Emerging Markets Stock Index Fund S
Page 89 and 90: Emerging Markets Stock Index Fund N
Page 91 and 92: Emerging Markets Stock Index Fund E
Page 95 and 96: Special 2009 tax information (unaud
Page 97 and 98: About Your Fund’s Expenses As a s
Page 99 and 100: Six Months Ended October 31, 2009 B
Page 101 and 102: The People Who Govern Your Fund The
Page 103: Connect with Vanguard ® > www.vang
show all

Vanguard International Stock Index Funds Annual Report

Create successful ePaper yourself

Delete template?

Save as template?