| Investment Objective: |
Vanguard Emerging Markets ex-China ETF seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in emerging market countries, excluding China. The Fund employs an indexing investment approach designed to track the performance of the FTSE Emerging ex-China Index (the Index), a market-capitalization weighted index that is made up of approximately 1,012 common stocks of large- and mid-cap companies located in emerging markets around the world, excluding China. The Fund invests by sampling the Index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the Index in terms of key characteristics. Under normal circumstances, the Fund will generally invest all, but at least 80%, of its net assets (plus any borrowings for investment purposes) in the securities comprising the Index and in securities that the advisor determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the Index. |
