24
| |
24
| |
27
| |
29
| |
33
| |
34
| |
36
| |
40
| |
41
| |
42
| |
42
| |
44
|
|
Institutional
Shares
|
Institutional
Plus Shares
|
Sales
Charge (Load) Imposed on Purchases
|
|
|
Purchase
Fee
|
|
|
Sales
Charge (Load) Imposed on Reinvested
Dividends
|
|
|
Redemption
Fee
|
|
|
|
Institutional
Shares
|
Institutional
Plus Shares
|
Management
Fees
|
|
|
12b-1
Distribution Fee
|
|
|
Other
Expenses
|
|
|
Total
Annual Fund Operating Expenses
|
|
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
Institutional
Shares
|
$ |
$ |
$ |
$ |
Institutional
Plus Shares
|
$ |
$ |
$ |
$ |
|
Total
Return
|
Quarter
|
|
|
|
|
- |
|
|
1
Year
|
5
Years
|
10
Years
|
Vanguard
Total International Stock Index Fund
Institutional
Shares
|
|
|
|
Return
Before Taxes
|
11.28% |
9.11% |
5.15% |
Return
After Taxes on Distributions
|
10.67 |
8.34 |
4.42 |
Return
After Taxes on Distributions and Sale of Fund Shares
|
7.05 |
7.05 |
3.94 |
Vanguard
Total International Stock Index Fund
Institutional
Plus Shares
|
|
|
|
Return
Before Taxes
|
11.30% |
9.13% |
5.17% |
Comparative
Indexes
(reflect
no deduction for fees or expenses)
|
|
|
|
FTSE
Global All Cap ex US Index
|
11.24% |
9.07% |
5.22% |
Spliced
Total International Stock Index
|
11.24 |
9.07 |
5.18 |
MSCI
ACWI ex USA IMI
|
11.12 |
8.98 |
5.06 |
Plain
Talk About Fund Expenses
|
All
mutual funds have operating expenses. These expenses, which are
deducted
from a fund’s gross income, are expressed as a percentage of the
net
assets of the fund. Assuming that operating expenses remain as stated
in
the Fees and Expenses section, Vanguard Total International Stock Index
Fund’s
expense ratios would be as follows: for Institutional Shares, 0.08%, or
$0.80
per $1,000 of average net assets; for Institutional Plus Shares, 0.07%,
or
$0.70 per $1,000 of average net assets. The average expense ratio for
international
funds in 2019 was 1.26%, or $12.60 per $1,000 of average net
assets
(derived from data provided by Lipper, a Thomson Reuters Company,
which
reports on the mutual fund industry).
|
Plain
Talk About Costs of Investing
|
Costs
are an important consideration in choosing a mutual fund. That is
because
you, as a shareholder, pay a proportionate share of the costs of
operating
a fund and any transaction costs incurred when the fund buys or
sells
securities. These costs can erode a substantial portion of the gross
income
or the capital appreciation a fund achieves. Even seemingly small
differences
in expenses can, over time, have a dramatic effect on a
fund’s
performance.
|
Plain
Talk About International Investing
|
U.S.
investors who invest in foreign securities will encounter risks not
typically
associated with U.S. companies because foreign stock and bond
markets
operate differently from the U.S. markets. For instance, foreign
companies
and governments may not be subject to the same or similar
accounting,
auditing, legal, tax, and financial reporting standards and
practices
as U.S. companies and the U.S. government, and their stocks and
bonds
may not be as liquid as those of similar U.S. entities. In addition,
foreign
stock exchanges, brokers, companies, bond markets, and dealers
may
be subject to less government supervision and regulation than their
counterparts
in the United States. These factors, among others, could
negatively
affect the returns U.S. investors receive from foreign
investments.
|
Plain
Talk About Vanguard’s Unique Corporate Structure
|
The
Vanguard Group is owned jointly by the funds it oversees and thus
indirectly
by the shareholders in those funds. Most other mutual funds are
operated
by management companies that are owned by third parties—either
public
or private stockholders—and not by the funds they serve.
|
Plain
Talk About Distributions
|
As
a shareholder, you are entitled to your portion of a fund’s income from
interest
and dividends as well as capital gains from the fund’s sale of
investments.
Income consists of both the dividends that the fund earns from
any
stock holdings and the interest it receives from any for higher prices
than
it
paid for them. These capital gains are either short-term or long-term,
depending
on whether the fund held the securities for one year or less or for
more
than one year.
|
Plain
Talk About Buying a Dividend
|
Unless
you are a tax-exempt investor or investing through a tax-advantaged
account
(such as an IRA or an employer-sponsored retirement or savings
plan),
you should consider avoiding a purchase of fund shares shortly before
the
fund makes a distribution, because doing so can cost you money in
taxes.
This is known as “buying a dividend.” For example: On December 15,
you
invest $5,000, buying 250 shares for $20 each. If the fund pays a
distribution
of $1 per share on December 16, its share price will drop to $19
(not
counting market change). You still have only $5,000 (250 shares x $19 =
$4,750
in share value, plus 250 shares x $1 = $250 in distributions), but you
owe
tax
on the $250 distribution you received—even if you reinvest it in
more
shares. To avoid buying a dividend, check a fund’s distribution schedule
before
you invest.
|
|
Year Ended
October 31, | ||||
For
a Share Outstanding Throughout Each Period |
2020
|
2019
|
2018
|
2017
|
2016
|
Net
Asset Value, Beginning of Period
|
$114.61
|
$106.43
|
$119.77
|
$99.52
|
$101.07
|
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
2.6701
|
3.5971
|
3.4611
|
3.0621
|
2.907
|
Net
Realized and Unrealized Gain (Loss) on
Investments
|
(4.826)
|
7.960
|
(13.460)
|
20.229
|
(1.632)
|
Total
from Investment Operations |
(2.156)
|
11.557
|
(9.999)
|
23.291
|
1.275
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.844)
|
(3.377)
|
(3.341)
|
(3.041)
|
(2.825)
|
Distributions
from Realized Capital Gains |
—
|
—
|
—
|
—
|
—
|
Total
Distributions |
(2.844)
|
(3.377)
|
(3.341)
|
(3.041)
|
(2.825)
|
Net
Asset Value, End of Period
|
$109.61
|
$114.61
|
$106.43
|
$119.77
|
$99.52
|
Total
Return
|
–1.89%
|
11.10%
|
–8.60%
|
23.78%
|
1.39%
|
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$31,735
|
$33,476
|
$28,563
|
$29,794
|
$19,692
|
Ratio
of Total Expenses to Average Net Assets |
0.08%
|
0.08%
|
0.08%
|
0.09%
|
0.09%
|
Ratio
of Net Investment Income to Average Net
Assets
|
2.44%
|
3.27%
|
2.90%
|
2.81%
|
3.04%
|
Portfolio
Turnover Rate2
|
7%
|
4%
|
3%
|
3%
|
3%
|
|
Year Ended
October 31, | ||||
For
a Share Outstanding Throughout Each Period |
2020
|
2019
|
2018
|
2017
|
2016
|
Net
Asset Value, Beginning of Period
|
$114.63
|
$106.45
|
$119.79
|
$99.54
|
$101.08
|
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
2.7261
|
3.6171
|
3.4701
|
3.0861
|
2.296
|
Net
Realized and Unrealized Gain (Loss) on
Investments
|
(4.871)
|
7.947
|
(13.454)
|
20.228
|
(1.622)
|
Total
from Investment Operations |
(2.145)
|
11.564
|
(9.984)
|
23.314
|
1.304
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(2.855)
|
(3.384)
|
(3.356)
|
(3.064)
|
(2.844)
|
Distributions
from Realized Capital Gains |
—
|
—
|
—
|
—
|
—
|
Total
Distributions |
(2.855)
|
(3.384)
|
(3.356)
|
(3.064)
|
(2.844)
|
Net
Asset Value, End of Period
|
$109.63
|
$114.63
|
$106.45
|
$119.79
|
$99.54
|
Total
Return
|
–1.88%
|
11.10%
|
–8.58%
|
23.80%
|
1.42%
|
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$83,550
|
$118,865
|
$94,242
|
$88,781
|
$64,511
|
Ratio
of Total Expenses to Average Net Assets |
0.07%
|
0.07%
|
0.07%
|
0.07%
|
0.07%
|
Ratio
of Net Investment Income to Average Net
Assets
|
2.50%
|
3.29%
|
2.91%
|
2.83%
|
3.06%
|
Portfolio
Turnover Rate2
|
7%
|
4%
|
3%
|
3%
|
3%
|
Web
|
|
Vanguard.com
|
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the most complete source of Vanguard news
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|
|
Inception
Date
|
Vanguard
Fund Number
|
CUSIP
Number
|
Total
International Stock Index Fund
|
|
|
|
Institutional
Shares |
11/29/2010
|
1869
|
921909784
|
Institutional
Plus Shares |
11/30/2010
|
1870
|
921909776
|