Semiannual Report  |  April 30, 2021
Vanguard Total International Stock
Index Fund

Contents

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Table of Contents
About Your Fund’s Expenses
As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports (like this one), among others. Operating expenses, which are deducted from a fund’s gross income, directly reduce the investment return of the fund.
A fund‘s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.
The accompanying table illustrates your fund’s costs in two ways:
Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.
To do so, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number given for your fund under the heading ”Expenses Paid During Period.“
Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.
Note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect transaction costs incurred by the fund for buying and selling securities. Further, the expenses do not include any purchase, redemption, or account service fees described in the fund prospectus. If such fees were applied to your account, your costs would be higher. Your fund does not carry a “sales load.”
The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions.
You can find more information about the fund’s expenses, including annual expense ratios, in the Financial Statements section of this report. For additional information on operating expenses and other shareholder costs, please refer to your fund’s current prospectus.
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Table of Contents
Six Months Ended April 30, 2021      
  Beginning
Account Value
10/31/2020
Ending
Account Value
4/30/2021
Expenses
Paid During
Period
Based on Actual Fund Return      
Total International Stock Index Fund      
Investor Shares $1,000.00 $1,276.70 $0.96
ETF Shares 1,000.00 1,278.10 0.45
AdmiralTM Shares 1,000.00 1,277.70 0.62
Institutional Shares 1,000.00 1,277.90 0.45
Institutional Plus Shares 1,000.00 1,278.00 0.40
Institutional Select Shares 1,000.00 1,278.10 0.28
Based on Hypothetical 5% Yearly Return      
Total International Stock Index Fund      
Investor Shares $1,000.00 $1,023.95 $0.85
ETF Shares 1,000.00 1,024.40 0.40
Admiral Shares 1,000.00 1,024.25 0.55
Institutional Shares 1,000.00 1,024.40 0.40
Institutional Plus Shares 1,000.00 1,024.45 0.35
Institutional Select Shares 1,000.00 1,024.55 0.25
The calculations are based on expenses incurred in the most recent six-month period. The fund's annualized six-month expense ratios for that period are: 0.17% for Investor Shares, 0.08% for ETF Shares, 0.11% for Admiral Shares, 0.08% for Institutional Shares, 0.07% for Institutional Plus Shares, and 0.045% for Institutional Select Shares. The dollar amounts shown as “Expenses Paid” are equal to the annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by the number of days in the most recent 12-month period (181/365).
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Table of Contents
Total International Stock Index Fund
Fund Allocation
As of April 30, 2021
Basic Materials 7.6%
Consumer Discretionary 14.9
Consumer Staples 7.2
Energy 4.6
Financials 18.2
Health Care 8.8
Industrials 14.2
Other 0.0
Real Estate 3.7
Technology 14.3
Telecommunications 3.3
Utilities 3.2
The table reflects the fund’s investments, except for short-term investments and derivatives. Sector categories are based on the Industry Classification Benchmark (“ICB”), except for the “Other” category (if applicable), which includes securities that have not been provided an ICB classification as of the effective reporting period.
The fund may invest in derivatives (such as futures and swap contracts) for various reasons, including, but not limited to, attempting to remain fully invested and tracking its target index as closely as possible.
The Industry Classification Benchmark (“ICB”) is owned by FTSE. FTSE does not accept any liability to any person for any loss or damage arising out of any error or omission in the ICB.
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Table of Contents
Total International Stock Index Fund
Financial Statements (unaudited)
Schedule of Investments—Investments Summary
As of April 30, 2021
This Statement summarizes the fund’s holdings by asset type. Details are reported for each of the fund’s 50 largest individual holdings and for investments that, in total for any issuer, represent more than 1% of the fund’s net assets. The total value of smaller holdings is reported as a single amount within each category.
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) four times in each fiscal year. For the second and fourth quarters the complete list of the fund’s holdings is available on vanguard.com and on Form N-CSR, or you can have it mailed to you without charge by calling 800-662-7447. For the first and third quarters of each fiscal year, the complete list of the fund’s holdings is available as an exhibit to its reports on Form N-PORT. The fund’s Form N-CSR and Form N-PORT reports are available on the SEC’s website at www.sec.gov.
        Shares Market
Value
($000)
Percentage
of Net
Assets
Common Stocks
Argentina* 0.00%
Australia    
  Commonwealth Bank of Australia    22,215,273   1,520,782   0.39%
  BHP Group Ltd.    36,927,813   1,344,020   0.34%
  CSL Ltd.     5,685,451   1,187,659   0.30%
Other*,1,2,3                14,724,678   3.75%
                          18,777,139   4.78%
Austria*,1,2 763,186 0.19%
Belgium*,1 2,631,959 0.67%
Brazil    
  CPFL Energia SA     2,486,600      13,435   0.00%
Other*,1,2                 6,124,816   1.56%
                           6,138,251   1.56%
Canada    
  Royal Bank of Canada 1    17,797,756   1,698,617   0.43%
  Shopify Inc. Class A (XTSE) *     1,369,282   1,616,313   0.41%
  Toronto-Dominion Bank 1    22,580,674   1,552,347   0.39%
  Bank of Nova Scotia 1    15,055,701     958,719   0.24%
  Canadian National Railway Co.     8,882,840     956,324   0.24%
  Enbridge Inc. (XTSE)    22,658,920     873,986   0.22%
  Enbridge Inc. (XNYS)     2,575,021      99,319   0.03%
  Shopify Inc. Class A (XNYS) *        19,536      23,102   0.01%
Other*,1,2                18,301,712   4.66%
                          26,080,439   6.63%
Chile*,1 639,535 0.16%
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Table of Contents
Total International Stock Index Fund
        Shares Market
Value

($000)
Percentage
of Net
Assets
China    
  Tencent Holdings Ltd.    74,177,126   5,917,261   1.51%
  Alibaba Group Holding Ltd. *   176,465,509   5,101,215   1.30%
  Meituan Class B *    47,728,450   1,826,774   0.47%
  China Construction Bank Corp. Class H 1,165,235,093     919,769   0.24%
  Industrial & Commercial Bank of China Ltd. Class H 1,001,311,275     649,743   0.17%
  Bank of China Ltd. Class H   976,941,511     387,600   0.10%
  China Life Insurance Co. Ltd. Class H    96,429,419     195,477   0.05%
  Alibaba Health Information Technology Ltd. *    58,917,075     179,332   0.05%
  China Resources Land Ltd.    34,711,866     162,523   0.04%
  China Petroleum & Chemical Corp. Class H   328,028,334     161,785   0.04%
  China Resources Beer Holdings Co. Ltd.    19,687,604     158,598   0.04%
  Agricultural Bank of China Ltd. Class H   406,252,747     157,390   0.04%
  China Overseas Land & Investment Ltd.    47,725,808     120,787   0.03%
  China Shenhua Energy Co. Ltd. Class H    45,634,288      95,051   0.03%
  PetroChina Co. Ltd. Class H   256,696,298      92,865   0.03%
  PICC Property & Casualty Co. Ltd. Class H    83,194,810      81,447   0.02%
  China Tourism Group Duty Free Corp. Ltd. Class A     1,668,292      80,059   0.02%
  Postal Savings Bank of China Co. Ltd. Class H 2   117,947,758      76,497   0.02%
  CITIC Ltd.    60,207,487      63,234   0.02%
  China Longyuan Power Group Corp. Ltd. Class H    42,979,429      63,203   0.02%
  China Resources Gas Group Ltd.    11,508,611      62,268   0.02%
  China CITIC Bank Corp. Ltd. Class H   110,574,650      57,724   0.02%
  Sinopharm Group Co. Ltd. Class H    15,997,671      49,342   0.01%
  Agricultural Bank of China Ltd. Class A (XSSC)    92,685,300      45,799   0.01%
  Kunlun Energy Co. Ltd.    38,844,227      41,533   0.01%
  Industrial & Commercial Bank of China Ltd. Class A (XSSC)    50,116,798      39,699   0.01%
  China Yangtze Power Co. Ltd. Class A    11,715,600      36,112   0.01%
  CGN Power Co. Ltd. Class H 2   155,656,084      35,810   0.01%
  China Taiping Insurance Holdings Co. Ltd.    18,822,822      34,843   0.01%
  People's Insurance Co. Group of China Ltd. Class H    99,780,961      34,110   0.01%
  China Resources Power Holdings Co. Ltd.    25,241,333      33,159   0.01%
  Dongfeng Motor Group Co. Ltd. Class H    36,069,800      31,348   0.01%
  China Resources Cement Holdings Ltd.    28,545,937      31,096   0.01%
  China Literature Ltd. *,1,2     2,788,187      29,038   0.01%
  China Galaxy Securities Co. Ltd. Class H    48,040,592      28,552   0.01%
  China State Construction Engineering Corp. Ltd. Class A    36,357,238      27,723   0.01%
  China Merchants Port Holdings Co. Ltd.    16,935,808      27,095   0.01%
  Zhuzhou CRRC Times Electric Co. Ltd. Class H     6,456,743      25,635   0.01%
  Alibaba Pictures Group Ltd. *   169,175,048      24,579   0.01%
  China Cinda Asset Management Co. Ltd. Class H   116,986,268      22,995   0.01%
  China Oilfield Services Ltd. Class H    25,087,447      22,922   0.01%
  AviChina Industry & Technology Co. Ltd. Class H    31,649,080      20,310   0.01%
  Air China Ltd. Class H    25,507,695      20,169   0.01%
  Baoshan Iron & Steel Co. Ltd. Class A    14,771,544      19,634   0.01%
  Bank of China Ltd. Class A (XSSC)    39,061,500      19,605   0.01%
  Shanghai Baosight Software Co. Ltd. Class B     5,044,663      18,980   0.01%
  China Huarong Asset Management Co. Ltd. Class H 2,3   144,131,660      18,926   0.01%
  China Overseas Property Holdings Ltd. 1    17,825,120      18,004   0.01%
  Citic Pacific Special Steel Group Co. Ltd. Class A     4,343,547      17,334   0.01%
  Beijing Capital International Airport Co. Ltd. Class H    23,164,951      16,816   0.01%
  China State Construction International Holdings Ltd.    23,107,147      16,181   0.01%
  China Resources Pharmaceutical Group Ltd. 2    22,606,901      15,224   0.01%
  China Life Insurance Co. Ltd. Class A     2,922,578      14,882   0.01%
  China Southern Airlines Co. Ltd. Class H *    21,716,473      14,706   0.01%
  Angang Steel Co. Ltd. Class H    20,869,337      14,347   0.01%
  China Communications Services Corp. Ltd. Class H    32,377,139      14,000   0.01%
  China Power International Development Ltd.    58,463,558      13,400   0.01%
  China Coal Energy Co. Ltd. Class H    22,675,015      12,264   0.00%
  Sinopec Shanghai Petrochemical Co. Ltd. Class H    48,848,014      12,076   0.00%
  China Petroleum & Chemical Corp. Class A    18,061,016      11,909   0.00%
  China Shenhua Energy Co. Ltd. Class A (XSSC)     3,861,366      11,436   0.00%
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Table of Contents
Total International Stock Index Fund
        Shares Market
Value

($000)
Percentage
of Net
Assets
  Sinotrans Ltd. Class H    24,734,398      11,291   0.00%
  China Construction Bank Corp. Class A (XSSC)    10,609,801      11,024   0.00%
  Daqin Railway Co. Ltd. Class A    10,260,355      10,899   0.00%
  Sinopec Engineering Group Co. Ltd. Class H    17,613,936      10,873   0.00%
  China Merchants Shekou Industrial Zone Holdings Co. Ltd. Class A     6,061,700      10,868   0.00%
  AVIC Shenyang Aircraft Co. Ltd. Class A     1,144,652      10,203   0.00%
  China Southern Airlines Co. Ltd. Class A *     9,950,500       9,746   0.00%
  China CITIC Bank Corp. Ltd. Class A (XSSC)    11,338,084       9,069   0.00%
  China Railway Signal & Communication Corp. Ltd. Class H 2    21,916,792       8,699   0.00%
  China National Nuclear Power Co. Ltd. Class A    10,280,031       8,276   0.00%
  China Reinsurance Group Corp. Class H    76,689,686       7,988   0.00%
  AVIC Xi'an Aircraft Industry Group Co. Ltd. Class A     2,108,200       7,819   0.00%
  Zhongjin Gold Corp. Ltd. Class A     5,444,290       7,170   0.00%
  Maanshan Iron & Steel Co. Ltd. Class H    12,662,000       6,043   0.00%
  China Coal Energy Co. Ltd. Class A (XSSC)     5,591,454       6,037   0.00%
  China BlueChemical Ltd. Class H    20,423,387       5,774   0.00%
  Shanxi Taigang Stainless Steel Co. Ltd. Class A     5,871,304       5,769   0.00%
  Dongxing Securities Co. Ltd. Class A     2,900,222       4,607   0.00%
  China Merchants Energy Shipping Co. Ltd. Class A     5,686,421       4,305   0.00%
  China Machinery Engineering Corp. Class H     9,491,978       4,247   0.00%
  Sinopec Kantons Holdings Ltd.    10,885,559       4,179   0.00%
  CGN New Energy Holdings Co. Ltd. *    17,006,486       4,141   0.00%
  Power Construction Corp. of China Ltd. Class A     6,819,409       4,019   0.00%
  China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. Class A       906,386       3,496   0.00%
  Shanghai Electric Power Co. Ltd. Class A     3,206,308       3,482   0.00%
  China National Medicines Corp. Ltd. Class A       610,388       3,468   0.00%
  FAW Jiefang Group Co. Ltd. *     2,022,485       3,449   0.00%
  China Foods Ltd.     7,978,630       3,322   0.00%
  AVICOPTER plc Class A       421,691       3,310   0.00%
  China Satellite Communications Co. Ltd. Class A     1,282,700       3,088   0.00%
  Heilongjiang Agriculture Co. Ltd. Class A     1,313,700       3,069   0.00%
  China Merchants Property Operation & Service Co. Ltd. Class A       926,700       3,017   0.00%
  Sinopec Oilfield Service Corp. Class H *    32,836,450       2,908   0.00%
  China National Accord Medicines Corp. Ltd. Class B       998,169       2,906   0.00%
  Guangxi Guiguan Electric Power Co. Ltd. Class A     3,599,184       2,877   0.00%
  Sinotrans Ltd. Class A (XSSC)     3,819,621       2,873   0.00%
  Huolinhe Opencut Coal Industry Corp. Ltd. of Inner Mongolia Class A     1,795,304       2,859   0.00%
  CSSC Offshore & Marine Engineering Group Co. Ltd. Class A (XSSC) *       821,520       2,694   0.00%
  China CSSC Holdings Ltd. Class A *     1,073,164       2,585   0.00%
  Grandjoy Holdings Group Co. Ltd. Class A     4,543,046       2,559   0.00%
  China Galaxy Securities Co. Ltd. Class A     1,620,500       2,493   0.00%
  Harbin Electric Co. Ltd. Class H *     8,430,912       2,469   0.00%
  Sinofert Holdings Ltd. *    18,989,406       2,468   0.00%
  Cinda Real Estate Co. Ltd. Class A     4,212,701       2,360   0.00%
  China Railway Signal & Communication Corp. Ltd. Class A     2,606,413       2,257   0.00%
  Inner Mongolia MengDian HuaNeng Thermal Power Corp. Ltd. Class A     6,181,776       2,242   0.00%
  CSSC Offshore & Marine Engineering Group Co. Ltd. Class H *     2,247,207       2,186   0.00%
  Haohua Chemical Science & Technology Co. Ltd. Class A       678,900       2,175   0.00%
  Offshore Oil Engineering Co. Ltd. Class A     3,045,700       2,041   0.00%
  Maanshan Iron & Steel Co. Ltd. Class A (XSSC)     3,004,861       1,962   0.00%
  Angang Steel Co. Ltd. Class A     2,532,750       1,902   0.00%
  SGIS Songshan Co. Ltd. Class A     2,336,400       1,797   0.00%
  China Publishing & Media Co. Ltd. Class A (XSHG)     1,550,950       1,717   0.00%
  Sinopec Shanghai Petrochemical Co. Ltd. Class A     3,027,700       1,714   0.00%
  CGN Power Co. Ltd. Class A     3,900,400       1,632   0.00%
  CNOOC Energy Technology & Services Ltd. Class A     4,347,600       1,628   0.00%
  China Merchants Land Ltd.    10,884,105       1,594   0.00%
  Bluestar Adisseo Co. Class A       845,412       1,577   0.00%
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Table of Contents
Total International Stock Index Fund
        Shares Market
Value

($000)
Percentage
of Net
Assets
  Shennan Circuits Co. Ltd. Class A       127,854       1,564   0.00%
  Tian Di Science & Technology Co. Ltd. Class A     2,695,445       1,514   0.00%
  China National Accord Medicines Corp. Ltd. Class A       231,918       1,495   0.00%
  Glarun Technology Co. Ltd. Class A       704,000       1,493   0.00%
  Sinopec Oilfield Service Corp. Class A *     4,928,000       1,481   0.00%
  China Merchants Expressway Network & Technology Holdings Co. Ltd. Class A     1,233,324       1,478   0.00%
  China Merchants Port Group Co. Ltd. Class A       581,974       1,314   0.00%
  Air China Ltd. Class A (XSSC)     1,040,700       1,313   0.00%
  ADAMA Ltd. Class A       933,088       1,275   0.00%
  Grinm Advanced Materials Co. Ltd. Class A       676,800       1,213   0.00%
  China CAMC Engineering Co. Ltd. Class A     1,140,800       1,199   0.00%
  COFCO Capital Holdings Co. Ltd. Class A (XSEC)       888,084       1,169   0.00%
  China Aluminum International Engineering Corp. Ltd. Class A     2,197,500       1,068   0.00%
  China Publishing & Media Co. Ltd. Class A (XSSC)       850,040         941   0.00%
  China Oilfield Services Ltd. Class A       430,400         875   0.00%
  COFCO Capital Holdings Co. Ltd. Class A (XSHE)       631,200         831   0.00%
  China Harzone Industry Corp. Ltd. Class A *       614,775         783   0.00%
  China West Construction Group Co. Ltd. Class A       382,477         494   0.00%
Other*,1,2,3                22,351,649   5.59%
                          40,186,566  10.22%
Colombia* 209,450 0.05%
Czech Republic* 101,593 0.03%
Denmark    
  Novo Nordisk A/S Class B    20,212,867   1,491,052   0.38%
Other*,1,2                 4,171,879   1.06%
                           5,662,931   1.44%
Egypt* 113,552 0.03%
Finland*,1,2 3,337,394 0.85%
France    
  LVMH Moet Hennessy Louis Vuitton SE     3,120,980   2,351,192   0.60%
  Sanofi    13,643,994   1,430,469   0.36%
  TOTAL SE    30,314,586   1,339,838   0.34%
  Schneider Electric SE     6,592,486   1,051,870   0.27%
  L'Oreal SA Loyalty Shares *     2,539,491   1,039,846   0.26%
  Air Liquide SA Loyalty Shares *     4,886,128     822,836   0.21%
  L'Oreal SA       285,417     116,870   0.03%
  Air Liquide SA       594,141     100,055   0.03%
  L'Oreal SA (Registered) *       178,621      73,140   0.02%
  Air Liquide SA Loyalty Shares   *       344,294      57,980   0.02%
Other*,1,2,3                15,659,876   3.97%
                          24,043,972   6.11%
Germany    
  SAP SE    14,068,986   1,969,949   0.50%
  Siemens AG (Registered)     9,413,028   1,570,422   0.40%
  Allianz SE (Registered)     5,145,261   1,335,797   0.34%
  BASF SE    11,452,246     922,952   0.24%
  Daimler AG (Registered)    10,273,124     914,295   0.23%
Other*,1,2                15,102,685   3.84%
                          21,816,100   5.55%
Greece*,3 307,135 0.08%
7

Table of Contents
Total International Stock Index Fund
        Shares Market
Value

($000)
Percentage
of Net
Assets
Hong Kong    
  AIA Group Ltd.   151,572,809   1,923,849   0.49%
  Hong Kong Exchanges & Clearing Ltd.    15,885,519     958,072   0.24%
  BOC Hong Kong Holdings Ltd.    44,645,198     156,984   0.04%
  BOC Aviation Ltd. 2     2,603,795      23,438   0.01%
  MMG Ltd. *    30,007,859      19,385   0.01%
  Sun Art Retail Group Ltd.    20,325,500      18,711   0.01%
  Nexteer Automotive Group Ltd.    10,257,046      11,500   0.00%
  CITIC Telecom International Holdings Ltd.    17,103,448       6,182   0.00%
  China Travel International Investment Hong Kong Ltd. *    29,296,257       5,079   0.00%
  CITIC Resources Holdings Ltd. *    23,794,891       1,192   0.00%
Other*,1,2,3                 5,249,275   1.33%
                           8,373,667   2.13%
Hungary* 223,689 0.06%
India    
  Reliance Industries Ltd. 39,989,461 1,073,292 0.27%
  Nestle India Ltd.       403,198      88,677   0.02%
Other*,2,3                10,694,677   2.73%
                          11,856,646   3.02%
Indonesia*,3 1,429,142 0.36%
Ireland*,1,3 598,928 0.15%
Israel* 1,430,400 0.36%
Italy    
  Enel SpA    97,307,585     966,199   0.25%
Other*,1,2,3                 5,202,083   1.32%
                           6,168,282   1.57%
Japan    
  Toyota Motor Corp.    30,835,673   2,307,254   0.59%
  SoftBank Group Corp.    17,429,949   1,570,624   0.40%
  Sony Group Corp.    15,443,065   1,543,981   0.39%
  Keyence Corp.     2,255,787   1,082,897   0.28%
Other*,1                53,865,425  13.69%
                          60,370,181  15.35%
Kuwait* 643,468 0.16%
Malaysia    
  Nestle Malaysia Bhd.       820,470      27,170   0.01%
Other*,2                 1,996,792   0.51%
                           2,023,962   0.52%
Malta*,3 0.00%
Mexico*,2 2,107,557 0.54%
Netherlands    
  ASML Holding NV     5,000,239   3,245,865   0.83%
Other*,1,2,3                 6,744,310   1.71%
                           9,990,175   2.54%
New Zealand*,1 961,131 0.25%
8

Table of Contents
Total International Stock Index Fund
        Shares Market
Value

($000)
Percentage
of Net
Assets
Norway    
  Elkem ASA 2     3,058,806      11,225   0.00%
Other*,2                 2,133,698   0.55%
                           2,144,923   0.55%
Other4    
  Vanguard FTSE Emerging Markets ETF 1,5    15,759,336     834,930   0.21%
Pakistan* 89,406 0.02%
Philippines*,2,3 814,848 0.21%
Poland*,1,2,3 793,348 0.20%
Portugal*,1 486,924 0.12%
Qatar* 798,671 0.20%
Romania 29,008 0.01%
Russia* 2,743,816 0.70%
Saudi Arabia*,2 3,323,564 0.85%
Singapore    
  COSCO Shipping International Singapore Co. Ltd. *    10,630,887       2,631   0.00%
Other*,1,3                 3,026,255   0.77%
                           3,028,886   0.77%
South Africa    
  Naspers Ltd.     5,292,800   1,204,535   0.31%
Other*,1,2,3                 3,200,973   0.81%
                           4,405,508   1.12%
South Korea    
  Samsung Electronics Co. Ltd.    58,584,267   4,269,942   1.09%
  Samsung Electronics Co. Ltd. Preference Shares    10,615,264     696,939   0.18%
  Tongyang Life Insurance Co. Ltd.       304,716       1,302   0.00%
Other*,1,2,3                10,997,548   2.79%
                          15,965,731   4.06%
Spain    
  Iberdrola SA    73,473,638     992,920   0.25%
Other*,1,2,3                 4,880,276   1.24%
                           5,873,196   1.49%
Sweden*,1,2,3 9,823,273 2.50%
Switzerland    
  Nestle SA (Registered)    34,938,815   4,169,273   1.06%
  Roche Holding AG     8,705,545   2,839,364   0.72%
  Novartis AG (Registered)    26,526,409   2,263,668   0.58%
  Roche Holding AG (Bearer) 1       350,294     121,800   0.03%
Other*,1,2,3                10,593,781   2.69%
                          19,987,886   5.08%
Taiwan    
  Taiwan Semiconductor Manufacturing Co. Ltd.   300,864,748   6,336,099   1.61%
  Taiwan Semiconductor Manufacturing Co. Ltd. ADR            45           5   0.00%
Other*,1,3                12,098,423   3.08%
                          18,434,527   4.69%
Thailand*,1,3 2,671,224 0.68%
9

Table of Contents
Total International Stock Index Fund
        Shares Market
Value

($000)
Percentage
of Net
Assets
Turkey*,2,3 522,597 0.13%
United Arab Emirates*,3 719,889 0.18%
United Kingdom    
  Unilever plc 31,852,782 1,861,862 0.48%
  AstraZeneca plc    16,451,692   1,751,183   0.45%
  HSBC Holdings plc   255,409,164   1,594,702   0.41%
  Diageo plc    28,705,798   1,288,644   0.33%
  GlaxoSmithKline plc    61,745,728   1,141,047   0.29%
  Rio Tinto plc    13,596,752   1,138,827   0.29%
  British American Tobacco plc    28,553,033   1,059,413   0.27%
  BP plc   248,265,113   1,039,325   0.26%
  Royal Dutch Shell plc Class A    51,143,781     962,335   0.25%
  Royal Dutch Shell plc Class B    46,664,641     835,002   0.21%
Other*,1,2,3                24,400,502   6.19%
                          37,072,842   9.43%
Total Common Stocks (Cost $302,311,589) 387,551,427 98.56%
      Coupon      
Temporary Cash Investments
Money Market Fund    
Vanguard Market Liquidity Fund6,7
(Cost $9,878,002)
0.068%    98,785,263            9,878,526        2.51%
Total Investments (Cost $312,189,591) 397,429,953 101.07%
Other Assets and Liabilities—Net (4,193,165) (1.07%)
Net Assets 393,236,788 100.00%
Cost is in $000.
See Note A in Notes to Financial Statements.
Represents the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
* Includes non-income-producing security.
1 Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $6,243,182,000.
2 Certain securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At April 30, 2021, the aggregate value of these securities was $10,055,643,000, representing 2.6% of net assets.
3 Certain securities value determined using significant unobservable inputs.
4 “Other” represents securities that are not classified by the fund’s benchmark index.
5 Considered an affiliated company of the fund as the issuer is another member of The Vanguard Group.
6 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
7 Collateral of $6,770,873,000 was received for securities on loan, of which $6,766,350,000 is held in Vanguard Market Liquidity Fund and $4,523,000 is held in cash.
  ADR—American Depositary Receipt.
10

Table of Contents
Total International Stock Index Fund

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts
Notional
Amount
Value and
Unrealized
Appreciation
(Depreciation)
Long Futures Contracts        
E-mini S&P 500 Index June 2021 300 62,616 (418)
Euro Stoxx 50 Index June 2021 31,576 1,495,712 41,977
FTSE 100 Index June 2021 6,880 659,175 22,732
MSCI Emerging Market Index June 2021 16,101 1,076,030 4,286
S&P ASX 200 Index June 2021 3,404 459,029 14,447
S&P TSX 60 Index June 2021 2,752 508,420 7,187
Topix Index June 2021 5,722 995,551 (3,527)
        86,684
    
Forward Currency Contracts
  Contract
Settlement
Date
Contract Amount (000) Unrealized
Appreciation
($000)
Unrealized
(Depreciation)
($000)
Counterparty   Receive   Deliver
Bank of America, N.A. 6/16/21 AUD 347,670 USD 265,343 2,540
BNP Paribas 6/16/21 CAD 395,523 USD 313,032 8,784
Royal Bank of Canada 6/16/21 EUR 651,094 USD 771,245 12,243
Bank of America, N.A. 6/16/21 GBP 264,318 USD 364,200 879
Royal Bank of Canada 6/16/21 INR 15,759,092 USD 212,072 (802)
Deutsche Bank AG 6/16/21 INR 7,938,791 USD 106,884 (454)
Toronto-Dominion Bank 6/16/21 JPY 67,199,551 USD 609,158 5,935
BNP Paribas 6/16/21 USD 301,122 CHF 281,746 (7,751)
UBS AG 6/16/21 USD 45,895 HKD 356,437 2
BNP Paribas 6/16/21 USD 140,621 JPY 15,494,140 (1,201)
11

Table of Contents
Total International Stock Index Fund
Forward Currency Contracts (continued)
  Contract
Settlement
Date
Contract Amount (000) Unrealized
Appreciation
($000)
Unrealized
(Depreciation)
($000)
Counterparty   Receive   Deliver
Morgan Stanley Capital Services LLC 6/16/21 USD 140,470 JPY 15,494,140 (1,351)
Toronto-Dominion Bank 6/16/21 USD 76,783 KRW 87,262,180 (1,666)
            30,383 (13,225)
AUD—Australian dollar.
CAD—Canadian dollar.
CHF—Swiss franc.
EUR—euro.
GBP—British pound.
HKD—Hong Kong dollar.
INR—Indian rupee.
JPY—Japanese Yen.
KRW—Korean won.
USD—U.S. dollar.
    
Over-the-Counter Total Return Swaps
Reference Entity Termination
Date
Counterparty Notional
Amount
($000)
Floating
Interest
Rate
Received
(Paid)1
(%)
Value and
Unrealized
Appreciation
($000)
Value and
Unrealized
(Depreciation)
($000)
FTSE China A Stock Connect CNY All Cap Index 6/22/21 JPMC 276,823 (0.111) 11,289
1 Based on 1M USD London Interbank Offered Rate (LIBOR) as of the most recent payment date. Floating interest payment received/paid monthly.
  1M—1-month.
  JPMC—JP Morgan Chase Bank.
At April 30, 2021, the counterparties had deposited in segregated accounts securities with a value of $22,995,000 and cash of $23,930,000 in connection with open forward currency contracts and over-the-counter swap contracts.
See accompanying Notes, which are an integral part of the Financial Statements.
12

Table of Contents
Total International Stock Index Fund
Statement of Assets and Liabilities
As of April 30, 2021
($000s, except shares and per-share amounts) Amount
Assets  
Investments in Securities, at Value  
Unaffiliated Issuers (Cost $301,679,368) 386,716,497
Affiliated Issuers (Cost $10,510,223) 10,713,456
Total Investments in Securities 397,429,953
Investment in Vanguard 13,848
Cash 4,523
Foreign Currency, at Value (Cost $730,971) 732,145
Cash Collateral Pledged—Futures Contracts 336,320
Cash Collateral Pledged—Over-the-Counter Swap Contracts and Forward Currency Contracts 4,230
Receivables for Investment Securities Sold 171,969
Receivables for Accrued Income 1,617,657
Receivables for Capital Shares Issued 420,515
Unrealized Appreciation—Forward Currency Contracts 30,383
Unrealized Appreciation—Over-the-Counter Swap Contracts 11,289
Total Assets 400,772,832
Liabilities  
Due to Custodian 58,903
Payables for Investment Securities Purchased 37,191
Collateral for Securities on Loan 6,770,873
Payables for Capital Shares Redeemed 210,604
Payables to Vanguard 20,813
Variation Margin Payable—Futures Contracts 33,403
Unrealized Depreciation—Forward Currency Contracts 13,225
Deferred Foreign Capital Gains Taxes 391,032
Total Liabilities 7,536,044
Net Assets 393,236,788
13

Table of Contents
Total International Stock Index Fund
Statement of Assets and Liabilities (continued)

At April 30, 2021, net assets consisted of:  
($000s, except shares and per-share amounts) Amount
Paid-in Capital 299,170,899
Total Distributable Earnings (Loss) 94,065,889
Net Assets 393,236,788
 
Investor Shares—Net Assets  
Applicable to 9,193,887,583 outstanding $.001 par value shares of
beneficial interest (unlimited authorization)
190,168,790
Net Asset Value Per Share—Investor Shares $20.68
 
ETF Shares—Net Assets  
Applicable to 702,194,739 outstanding $.001 par value shares of
beneficial interest (unlimited authorization)
45,180,564
Net Asset Value Per Share—ETF Shares $64.34
 
Admiral Shares—Net Assets  
Applicable to 2,266,699,230 outstanding $.001 par value shares of
beneficial interest (unlimited authorization)
78,426,432
Net Asset Value Per Share—Admiral Shares $34.60
 
Institutional Shares—Net Assets  
Applicable to 294,570,189 outstanding $.001 par value shares of
beneficial interest (unlimited authorization)
40,756,996
Net Asset Value Per Share—Institutional Shares $138.36
 
Institutional Plus Shares—Net Assets  
Applicable to 210,638,918 outstanding $.001 par value shares of
beneficial interest (unlimited authorization)
29,152,658
Net Asset Value Per Share—Institutional Plus Shares $138.40
 
Institutional Select Shares—Net Assets  
Applicable to 65,518,433 outstanding $.001 par value shares of
beneficial interest (unlimited authorization)
9,551,348
Net Asset Value Per Share—Institutional Select Shares $145.78
See accompanying Notes, which are an integral part of the Financial Statements.
14

Table of Contents
Total International Stock Index Fund
Statement of Operations
  Six Months Ended
April 30, 2021
  ($000)
Investment Income  
Income  
Dividends—Unaffiliated Issuers1 4,469,326
Dividends—Affiliated Issuers 5,820
Interest—Unaffiliated Issuers 90
Interest—Affiliated Issuers 996
Securities Lending—Net 49,949
Total Income 4,526,181
Expenses  
The Vanguard Group—Note B  
Investment Advisory Services 3,792
Management and Administrative—Investor Shares 139,242
Management and Administrative—ETF Shares 13,340
Management and Administrative—Admiral Shares 35,953
Management and Administrative—Institutional Shares 13,046
Management and Administrative—Institutional Plus Shares 16,593
Management and Administrative—Institutional Select Shares 1,674
Marketing and Distribution—Investor Shares 5,981
Marketing and Distribution—ETF Shares 573
Marketing and Distribution—Admiral Shares 1,479
Marketing and Distribution—Institutional Shares 517
Marketing and Distribution—Institutional Plus Shares 399
Marketing and Distribution—Institutional Select Shares
Custodian Fees 14,665
Shareholders’ Reports—Investor Shares 345
Shareholders’ Reports—ETF Shares 37
Shareholders’ Reports—Admiral Shares 98
Shareholders’ Reports—Institutional Shares 77
Shareholders’ Reports—Institutional Plus Shares 41
Shareholders’ Reports—Institutional Select Shares
Trustees’ Fees and Expenses 35
Total Expenses 247,887
Net Investment Income 4,278,294
Realized Net Gain (Loss)  
Investment Securities Sold—Unaffiliated Issuers2 24,188,107
Investment Securities Sold—Affiliated Issuers 368
Futures Contracts 733,452
Swap Contracts 39,871
Forward Currency Contracts 61,241
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Total International Stock Index Fund
Statement of Operations (continued)
  Six Months Ended
April 30, 2021
  ($000)
Foreign Currencies 28,590
Realized Net Gain (Loss) 25,051,629
Change in Unrealized Appreciation (Depreciation)  
Investment Securities—Unaffiliated Issuers3 68,195,995
Investment Securities—Affiliated Issuers 144,146
Futures Contracts 278,417
Swap Contracts 1,764
Forward Currency Contracts 30,897
Foreign Currencies 15,593
Change in Unrealized Appreciation (Depreciation) 68,666,812
Net Increase (Decrease) in Net Assets Resulting from Operations 97,996,735
1 Dividends are net of foreign withholding taxes of $327,443,000.
2 Includes $24,453,236,000 of the net gain (loss) resulting from in-kind redemptions.
3 The change in unrealized appreciation (depreciation) is net of the change in deferred foreign capital gains taxes of $304,281,000.
See accompanying Notes, which are an integral part of the Financial Statements.
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Table of Contents
Total International Stock Index Fund
Statement of Changes in Net Assets
  Six Months Ended
April 30,
2021
  Year Ended
October 31,
2020
  ($000)   ($000)
Increase (Decrease) in Net Assets      
Operations      
Net Investment Income 4,278,294   9,703,873
Realized Net Gain (Loss) 25,051,629   4,982,271
Change in Unrealized Appreciation (Depreciation) 68,666,812   (18,108,151)
Net Increase (Decrease) in Net Assets Resulting from Operations 97,996,735   (3,422,007)
Distributions      
Investor Shares (2,131,419)   (3,764,242)
ETF Shares (478,416)   (524,950)
Admiral Shares (886,298)   (1,805,972)
Institutional Shares (470,077)   (829,917)
Institutional Plus Shares (808,742)   (2,982,699)
Institutional Select Shares (117,009)   (198,270)
Total Distributions (4,891,961)   (10,106,050)
Capital Share Transactions      
Investor Shares (5,819,566)   11,858,899
ETF Shares 8,837,507   12,954,076
Admiral Shares (2,573,127)   (8,423,716)
Institutional Shares 612,739   (331,725)
Institutional Plus Shares (72,108,317)   (32,925,289)
Institutional Select Shares (564,558)   4,963,364
Net Increase (Decrease) from Capital Share Transactions (71,615,322)   (11,904,391)
Total Increase (Decrease) 21,489,452   (25,432,448)
Net Assets      
Beginning of Period 371,747,336   397,179,784
End of Period 393,236,788   371,747,336
See accompanying Notes, which are an integral part of the Financial Statements.
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Table of Contents
Total International Stock Index Fund
Financial Highlights
Investor Shares            
For a Share Outstanding
Throughout Each Period
Six Months
Ended
April 30,
2021
Year Ended October 31,
2020 2019 2018 2017 2016
Net Asset Value, Beginning of Period $16.39 $17.13 $15.91 $17.91 $14.88 $15.11
Investment Operations            
Net Investment Income .2111 .3891 .5241 .5001 .4441 .422
Net Realized and Unrealized Gain (Loss) on Investments 4.309 (.718) 1.186 (2.016) 3.028 (.243)
Total from Investment Operations 4.520 (.329) 1.710 (1.516) 3.472 .179
Distributions            
Dividends from Net Investment Income (.230) (.411) (.490) (.484) (.442) (.409)
Distributions from Realized Capital Gains
Total Distributions (.230) (.411) (.490) (.484) (.442) (.409)
Net Asset Value, End of Period $20.68 $16.39 $17.13 $15.91 $17.91 $14.88
Total Return2 27.67% -1.93% 10.98% -8.71% 23.70% 1.31%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $190,169 $155,670 $148,795 $126,319 $116,279 $87,010
Ratio of Total Expenses to Average Net Assets 0.17% 0.17% 0.17% 0.17% 0.17% 0.18%
Ratio of Net Investment Income to Average Net Assets 2.10% 2.39% 3.19% 2.81% 2.73% 2.95%
Portfolio Turnover Rate3 3% 7% 4% 3% 3% 3%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.
3 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units.
See accompanying Notes, which are an integral part of the Financial Statements.
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Table of Contents
Total International Stock Index Fund
Financial Highlights
ETF Shares            
For a Share Outstanding
Throughout Each Period
Six Months
Ended
April 30,
2021
Year Ended October 31,
2020 2019 2018 2017 2016
Net Asset Value, Beginning of Period $50.97 $53.30 $49.50 $55.70 $46.28 $47.00
Investment Operations            
Net Investment Income .7091 1.2511 1.6771 1.6121 1.4201 1.344
Net Realized and Unrealized Gain (Loss) on Investments 13.407 (2.256) 3.696 (6.269) 9.404 (.763)
Total from Investment Operations 14.116 (1.005) 5.373 (4.657) 10.824 .581
Distributions            
Dividends from Net Investment Income (.746) (1.325) (1.573) (1.543) (1.404) (1.301)
Distributions from Realized Capital Gains
Total Distributions (.746) (1.325) (1.573) (1.543) (1.404) (1.301)
Net Asset Value, End of Period $64.34 $50.97 $53.30 $49.50 $55.70 $46.28
Total Return 27.81% -1.88% 11.11% -8.63% 23.76% 1.39%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $45,181 $28,294 $16,293 $10,389 $9,670 $6,377
Ratio of Total Expenses to Average Net Assets 0.08% 0.08% 0.08% 0.09% 0.11% 0.11%
Ratio of Net Investment Income to Average Net Assets 2.27% 2.46% 3.28% 2.89% 2.79% 3.02%
Portfolio Turnover Rate2 3% 7% 4% 3% 3% 3%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units.
See accompanying Notes, which are an integral part of the Financial Statements.
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Table of Contents
Total International Stock Index Fund
Financial Highlights
Admiral Shares            
For a Share Outstanding
Throughout Each Period
Six Months
Ended
April 30,
2021
Year Ended October 31,
2020 2019 2018 2017 2016
Net Asset Value, Beginning of Period $27.41 $28.66 $26.61 $29.95 $24.89 $25.27
Investment Operations            
Net Investment Income .3651 .6581 .8921 .8581 .7611 .722
Net Realized and Unrealized Gain (Loss) on Investments 7.220 (1.205) 1.993 (3.369) 5.053 (.400)
Total from Investment Operations 7.585 (.547) 2.885 (2.511) 5.814 .322
Distributions            
Dividends from Net Investment Income (.395) (.703) (.835) (.829) (.754) (.702)
Distributions from Realized Capital Gains
Total Distributions (.395) (.703) (.835) (.829) (.754) (.702)
Net Asset Value, End of Period $34.60 $27.41 $28.66 $26.61 $29.95 $24.89
Total Return2 27.77% -1.92% 11.08% -8.63% 23.73% 1.40%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $78,426 $64,452 $76,314 $65,363 $65,249 $45,154
Ratio of Total Expenses to Average Net Assets 0.11% 0.11% 0.11% 0.11% 0.11% 0.11%
Ratio of Net Investment Income to Average Net Assets 2.18% 2.40% 3.25% 2.87% 2.79% 3.02%
Portfolio Turnover Rate3 3% 7% 4% 3% 3% 3%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.
3 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units.
See accompanying Notes, which are an integral part of the Financial Statements.
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Table of Contents
Total International Stock Index Fund
Financial Highlights
Institutional Shares            
For a Share Outstanding
Throughout Each Period
Six Months
Ended
April 30,
2021
Year Ended October 31,
2020 2019 2018 2017 2016
Net Asset Value, Beginning of Period $109.61 $114.61 $106.43 $119.77 $99.52 $101.07
Investment Operations            
Net Investment Income 1.4821 2.6701 3.5971 3.4611 3.0621 2.907
Net Realized and Unrealized Gain (Loss) on Investments 28.869 (4.826) 7.960 (13.460) 20.229 (1.632)
Total from Investment Operations 30.351 (2.156) 11.557 (9.999)