Vanguard International Stock Index Funds Annual Report

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64 Emerging Markets Stock Index Fund Performance Summary All of the returns in this report represent past performance, which is not a guarantee of future results that may be achieved by the fund. (Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at www.vanguard.com/performance.) Note, too, that both investment returns and principal value can fluctuate widely, so an investor’s shares, when sold, could be worth more or less than their original cost. The returns shown do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Cumulative Performance: October 31, 1999–October 31, 2009 Initial Investment of $10,000 2000 2001 2002 2003 2004 2005 1 Performance figures are adjusted for the 0.50% (0.25% prior to October 30, 2009, 0.50% prior to June 26, 2008) transaction fee on purchases and 0.25% (0.50% prior to June 26, 2008) transaction fee on redemptions. Total returns do not reflect the 2% fee assessed until March 23, 2005, on redemptions of shares purchased on or after June 27, 2003, and held for less than two months, or for Investor Shares, the account service fee that may be applicable to certain accounts with balances below $10,000. 2 Select Emerging Markets Index through August 23, 2006; MSCI Emerging Markets Index thereafter. 3 Derived from data provided by Lipper Inc. 4 Performance for the fund’s Admiral Shares and comparative standards is calculated since the Admiral Shares’ inception: June 23, 2006. 2006 2007 2008 2009 $44,000 28,550 3,000 Average Annual Total Returns Periods Ended October 31, 2009 Final Value of a $10,000 One Year Five Years Ten Years Investment Emerging Markets Stock Index Fund Investor Shares1 58.90% 15.66% 11.06% $28,550 MSCI All Country World Index ex USA 34.79 7.58 3.95 14,733 Spliced Emerging Markets Index2 64.13 16.47 11.64 30,087 Emerging Markets Funds Average3 56.47 14.15 10.64 27,494 Since Final Value of a $100,000 One Year Inception4 Investment Emerging Markets Stock Index Fund Admiral Shares1 59.11% 9.61% $136,084 MSCI All Country World Index ex USA 34.79 1.51 105,142 Spliced Emerging Markets Index2 64.13 10.48 139,711
Emerging Markets Stock Index Fund Since Final Value of a $10,000,000 One Year Inception1 Investment Emerging Markets Stock Index Fund Signal Shares2 59.15% 2.08% $10,589,045 MSCI All Country World Index ex USA 34.79 –4.92 8,691,755 MSCI Emerging Markets Index 64.13 3.11 10,889,315 Since Final Value of a $5,000,000 One Year Five Years Inception1 Investment Emerging Markets Stock Index Fund Institutional Shares2 59.23% 15.86% 10.87% $13,127,023 MSCI All Country World Index ex USA 34.79 7.58 3.35 6,803,220 Spliced Emerging Markets Index3 64.13 16.47 11.29 13,609,219 Since Final Value of a $10,000 One Year Inception1 Investment Emerging Markets Stock Index Fund ETF Shares Net Asset Value4 60.28% 11.51% $16,617 MSCI All Country World Index ex USA 34.79 4.73 12,403 Spliced Emerging Markets Index3 64.13 12.09 17,024 Cumulative Returns: ETF Shares, March 4, 2005–October 31, 2009 One Year Since Inception1 Emerging Markets Stock Index Fund ETF Shares Market Price 58.93% 64.99% Emerging Markets Stock Index Fund Shares Net Asset Value 60.28 66.17 Spliced Emerging Markets Index3 64.13 70.24 1 Performance for the fund and its comparative standards is calculated since the following inception dates: January 19, 2007, for the Signal Shares; June 22, 2000, for the Institutional Shares; and March 4, 2005, for the ETF Shares. 2 Performance figures are adjusted for the 0.50% (0.25% prior to October 30, 2009, 0.50% prior to June 26, 2008) transaction fee on purchases and 0.25% (0.50% prior to June 26, 2008) transaction fee on redemptions. Total returns do not reflect the 2% fee assessed until March 23, 2005, on redemptions of shares purchased on or after June 27, 2003, and held for less than two months. 3 Select Emerging Markets Index through August 23, 2006; MSCI Emerging Markets Index thereafter. 4 For more information about how the ETF Shares’ market prices have compared with their net asset value, visit www.vanguard.com, select your ETF, and then select the Performance tab. The Premium/Discount table there shows the percentages of days on which the ETF Shares’ market price was above or below the NAV. 65
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Vanguard International Stock Index
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Your Fund’s Total Returns Fiscal
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Your Fund’s Performance at a Glan
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All three funds succeeded in captur
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end of 2008, as the credit markets
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A note on fair-value pricing An ind
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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 and 60: Pacific Stock Index Fund futures ar
Page 61 and 62: Pacific Stock Index Fund Realized n
Page 63 and 64: Pacific Stock Index Fund H. Capital
Page 65: Emerging Markets Stock Index Fund M
Page 69 and 70: Emerging Markets Stock Index Fund F
Page 71 and 72: Emerging Markets Stock Index Fund M
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
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Vanguard International Stock Index Funds Annual Report

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