Vanguard International Stock Index Funds Annual Report
Vanguard International Stock Index Funds Annual Report
Vanguard International Stock Index Funds Annual Report
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86<br />
Emerging Markets <strong>Stock</strong> <strong>Index</strong> Fund<br />
Financial Highlights<br />
ETF Shares<br />
March 4,<br />
20051 to<br />
Year Ended October 31,<br />
Oct. 31,<br />
For a Share Outstanding Throughout Each Period 2009 20082 20072 20062 20052 Net Asset Value, Beginning of Period $24.83 $58.31 $34.96 $26.81 $25.28<br />
Investment Operations<br />
Net Investment Income .6683 1.303 1.065 3 Net Realized and Unrealized Gain (Loss)<br />
.667 .435<br />
on Investments4 13.520 (33.798) 22.955 8.022 1.095<br />
Total from Investment Operations<br />
Distributions<br />
14.188 (32.495) 24.020 8.689 1.530<br />
Dividends from Net Investment Income (1.178) (.985) (.670) (.539) —<br />
Distributions from Realized Capital Gains — — — — —<br />
Total Distributions (1.178) (.985) (.670) (.539) —<br />
Net Asset Value, End of Period $37.84 $24.83 $58.31 $34.96 $26.81<br />
Total Return 60.28% –56.62% 69.78% 32.74% 6.05%<br />
Ratios/Supplemental Data<br />
Net Assets, End of Period (Millions)<br />
Ratio of Total Expenses to<br />
$15,537 $4,500 $6,275 $1,582 $375<br />
Average Net Assets 0.27% 0.20% 0.25% 0.30% 0.30% 5<br />
Ratio of Net Investment Income to<br />
Average Net Assets 2.29% 2.93% 2.36% 2.32% 2.59% 5<br />
Portfolio Turnover Rate6 1 Inception.<br />
12% 20% 9% 26% 15%<br />
2 Adjusted to reflect a 2-for-1 share split as of the close business on June 13, 2008.<br />
3 Calculated based on average shares outstanding.<br />
4 Includes increases from redemption fees of $.01, $.02, $.03, $.03 and $.00.<br />
5 <strong>Annual</strong>ized.<br />
6 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.