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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.

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