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.

Six Months Ended April 30, 2022
	Beginning Account Value 10/31/2021	Ending Account Value 4/30/2022	Expenses Paid During Period
Based on Actual Fund Return
Emerging Markets Government Bond Index Fund
ETF Shares	$1,000.00	$855.90	$0.92
Admiral™ Shares	1,000.00	855.80	0.92
Institutional Shares	1,000.00	855.80	0.83
Based on Hypothetical 5% Yearly Return
Emerging Markets Government Bond Index Fund
ETF Shares	$1,000.00	$1,023.80	$1.00
Admiral Shares	1,000.00	1,023.80	1.00
Institutional Shares	1,000.00	1,023.90	0.90

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 0.20% for ETF Shares, 0.20% for Admiral Shares and 0.18% for Institutional 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).

Emerging Markets Government Bond Index Fund

Financial Statements (unaudited)

Schedule of Investments

As of April 30, 2022

The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.

		Coupon	Maturity Date	Face Amount ($000)	Market Value• ($000)
U.S. Government and Agency Obligations (0.1%)
	United States Treasury Note/Bond (Cost $1,861)	1.750%	3/15/25	1,900	1,840
Corporate Bonds (14.8%)
Azerbaijan (0.2%)
¹	Southern Gas Corridor CJSC	6.875%	3/24/26	5,800	6,141
Brazil (0.4%)
	Petrobras Global Finance BV	5.600%	1/3/31	4,765	4,682
	Petrobras Global Finance BV	6.875%	1/20/40	1	1
	Petrobras Global Finance BV	6.850%	6/5/15	6,500	5,734
					10,417
Chile (0.2%)
	Corp. Nacional del Cobre de Chile	3.700%	1/30/50	7,900	6,275
China (3.4%)
	Bank of China Ltd.	5.000%	11/13/24	9,000	9,277
	China Cinda Finance 2015 I Ltd.	4.250%	4/23/25	5,000	5,012
	China Construction Bank Corp.	4.250%	2/27/29	5,500	5,546
	China Construction Bank Corp.	2.450%	6/24/30	5,950	5,667
	China Construction Bank Corp.	2.850%	1/21/32	6,000	5,579
	CNAC HK Finbridge Co. Ltd.	5.125%	3/14/28	5,155	5,233
	CNOOC Finance 2013 Ltd.	3.000%	5/9/23	5,500	5,492
	CNOOC Finance 2014 ULC	4.250%	4/30/24	7,031	7,142
	CNOOC Finance 2015 USA LLC	3.500%	5/5/25	6,000	5,974
	Industrial & Commercial Bank of China Ltd.	4.875%	9/21/25	6,000	6,165
	Industrial & Commercial Bank of China Ltd.	3.200%	12/31/99	18,350	17,500
	Sinopec Group Overseas Development 2013 Ltd.	4.375%	10/17/23	4,400	4,476
	Sinopec Group Overseas Development 2015 Ltd.	3.250%	4/28/25	4,450	4,412
	Sinopec Group Overseas Development 2018 Ltd.	2.700%	5/13/30	4,550	4,110
	State Grid Overseas Investment 2014 Ltd.	4.125%	5/7/24	4,845	4,938
	State Grid Overseas Investment BVI Ltd.	3.500%	5/4/27	6,994	6,889
					103,412
Colombia (0.7%)
	Ecopetrol SA	5.875%	9/18/23	5,440	5,520
	Ecopetrol SA	5.375%	6/26/26	4,300	4,232
	Ecopetrol SA	6.875%	4/29/30	5,975	5,903
	Ecopetrol SA	5.875%	5/28/45	5,917	4,619
					20,274

Emerging Markets Government Bond Index Fund

		Coupon	Maturity Date	Face Amount ($000)	Market Value• ($000)
Indonesia (0.6%)
²	Freeport Indonesia PT	5.315%	4/14/32	4,500	4,331
	Pertamina Persero PT	4.300%	5/20/23	4,665	4,701
	Pertamina Persero PT	6.450%	5/30/44	4,000	4,256
	Pertamina Persero PT	6.500%	11/7/48	400	427
	Perusahaan Perseroan Persero PT Perusahaan Listrik Negara	4.125%	5/15/27	4,557	4,469
					18,184
Kazakhstan (0.1%)
	KazMunayGas National Co. JSC	6.375%	10/24/48	4,500	4,301
Malaysia (0.9%)
	Petronas Capital Ltd.	3.500%	3/18/25	4,450	4,450
	Petronas Capital Ltd.	3.500%	4/21/30	6,750	6,449
	Petronas Capital Ltd.	4.500%	3/18/45	4,660	4,668
	Petronas Capital Ltd.	4.550%	4/21/50	8,400	8,461
²	Petronas Capital Ltd.	3.404%	4/28/61	4,600	3,627
	Petronas Capital Ltd.	3.404%	4/28/61	300	237
					27,892
Mexico (4.0%)
	Mexico City Airport Trust	5.500%	7/31/47	6,379	5,090
	Petroleos Mexicanos	6.875%	8/4/26	7,425	7,401
	Petroleos Mexicanos	6.490%	1/23/27	4,556	4,371
	Petroleos Mexicanos	6.500%	3/13/27	11,850	11,354
	Petroleos Mexicanos	5.350%	2/12/28	5,745	5,105
	Petroleos Mexicanos	6.840%	1/23/30	7,100	6,499
	Petroleos Mexicanos	5.950%	1/28/31	11,325	9,544
	Petroleos Mexicanos	6.625%	6/15/35	8,200	6,666
	Petroleos Mexicanos	6.500%	6/2/41	4,680	3,481
	Petroleos Mexicanos	6.750%	9/21/47	16,540	11,987
	Petroleos Mexicanos	6.350%	2/12/48	4,700	3,291
	Petroleos Mexicanos	7.690%	1/23/50	24,284	19,030
	Petroleos Mexicanos	6.950%	1/28/60	11,340	8,214
³	Petroleos Mexicanos	6.700%	2/16/32	20,199	17,456
					119,489
Peru (0.1%)
	Petroleos del Peru SA	5.625%	6/19/47	6,000	4,359
Qatar (1.1%)
	Qatar Energy	1.375%	9/12/26	375	341
²	Qatar Energy	2.250%	7/12/31	6,500	5,689
	Qatar Energy	3.300%	7/12/51	11,925	9,796
²	Qatar Petroleum	1.375%	9/12/26	4,100	3,717
	Qatar Petroleum	2.250%	7/12/31	3,400	2,972
⁴	Qatar Petroleum	3.125%	7/12/41	11,034	9,192
					31,707
Saudi Arabia (2.2%)
²	SA Global Sukuk Ltd.	1.602%	6/17/26	4,380	4,023
	SA Global Sukuk Ltd.	1.602%	6/17/26	1,638	1,503
²	SA Global Sukuk Ltd.	2.694%	6/17/31	6,400	5,757
	SA Global Sukuk Ltd.	2.694%	6/17/31	700	628
	Saudi Arabian Oil Co.	2.875%	4/16/24	6,075	6,003
²	Saudi Arabian Oil Co.	3.500%	4/16/29	500	485
	Saudi Arabian Oil Co.	3.500%	4/16/29	8,916	8,624
²	Saudi Arabian Oil Co.	2.250%	11/24/30	1,675	1,459

Emerging Markets Government Bond Index Fund

		Coupon	Maturity Date	Face Amount ($000)	Market Value• ($000)
	Saudi Arabian Oil Co.	2.250%	11/24/30	4,900	4,247
²	Saudi Arabian Oil Co.	4.250%	4/16/39	2,500	2,382
	Saudi Arabian Oil Co.	4.250%	4/16/39	6,200	5,917
	Saudi Arabian Oil Co.	4.375%	4/16/49	9,480	8,936
	Saudi Arabian Oil Co.	3.250%	11/24/50	6,408	5,018
²	Saudi Arabian Oil Co.	3.500%	11/24/70	5,000	3,801
	Saudi Arabian Oil Co.	3.500%	11/24/70	1,900	1,451
	Saudi Electricity Global Sukuk Co. 3	4.000%	4/8/24	4,250	4,297
					64,531
United Arab Emirates (0.9%)
³	Abu Dhabi Crude Oil Pipeline LLC	4.600%	11/2/47	6,475	6,377
²	DP World Ltd.	6.850%	7/2/37	4,340	4,923
	DP World Ltd.	5.625%	9/25/48	675	677
	DP World Salaam	6.000%	12/31/99	4,500	4,557
²	MDGH GMTN RSC Ltd.	3.700%	11/7/49	1,000	916
	MDGH GMTN RSC Ltd.	3.700%	11/7/49	3,403	3,113
	MDGH GMTN RSC Ltd.	3.950%	5/21/50	6,400	6,078
					26,641
Total Corporate Bonds (Cost $505,777)					443,623
Sovereign Bonds (83.2%)
Angola (0.9%)
	Republic of Angola	8.250%	5/9/28	7,750	7,462
	Republic of Angola	8.000%	11/26/29	5,223	4,886
²	Republic of Angola	8.750%	4/14/32	5,135	4,864
	Republic of Angola	9.375%	5/8/48	5,800	5,236
	Republic of Angola	9.125%	11/26/49	2,850	2,529
²	Republic of Angola	9.125%	11/26/49	600	530
					25,507
Argentina (2.2%)
⁵	Provincia de Buenos Aires, 5.2500% coupon rate effective 9/1/22	3.900%	9/1/37	18,450	7,598
	Republic of Argentina	1.000%	7/9/29	7,876	2,536
⁵	Republic of Argentina, 0.750% coupon rate effective 7/9/23	0.500%	7/9/30	48,077	15,151
⁵	Republic of Argentina, 1.500% coupon rate effective 7/9/22	1.125%	7/9/35	61,304	17,464
⁵	Republic of Argentina, 1.500% coupon rate effective 7/9/22	1.125%	7/9/46	6,249	1,810
⁵	Republic of Argentina, 3.500% coupon rate effective 7/9/22	2.500%	7/9/41	31,214	10,451
⁵	Republic of Argentina, 3.875% coupon rate effective 7/9/22	2.000%	1/9/38	34,141	12,270
					67,280
Armenia (0.1%)
	Republic of Armenia	7.150%	3/26/25	1,500	1,475
	Republic of Armenia	3.950%	9/26/29	1,650	1,326
²	Republic of Armenia	3.600%	2/2/31	1,150	859
	Republic of Armenia	3.600%	2/2/31	850	631
					4,291
Azerbaijan (0.2%)
	Republic of Azerbaijan	4.750%	3/18/24	3,750	3,748
³	Republic of Azerbaijan	3.500%	9/1/32	3,150	2,778

Emerging Markets Government Bond Index Fund

		Coupon	Maturity Date	Face Amount ($000)	Market Value• ($000)
^2,3	Republic of Azerbaijan	3.500%	9/1/32	300	264
					6,790
Bahamas (0.1%)
^2,3	Commonwealth of Bahamas	6.000%	11/21/28	850	619
³	Commonwealth of Bahamas	6.000%	11/21/28	700	509
^2,3	Commonwealth of Bahamas	8.950%	10/15/32	1,750	1,323
³	Commonwealth of Bahamas	8.950%	10/15/32	1,200	908
					3,359
Bahrain (2.0%)
	CBB International Sukuk Co. 5 Spc	5.624%	2/12/24	3,800	3,861
	CBB International Sukuk Co. 6 Spc	5.250%	3/20/25	2,400	2,442
	CBB International Sukuk Co. 6 Spc	6.875%	10/5/25	3,100	3,333
	CBB International Sukuk Programme Co. WLL	6.250%	11/14/24	2,858	2,970
	CBB International Sukuk Programme Co. WLL	4.500%	3/30/27	2,456	2,441
	CBB International Sukuk Programme Co. WLL	3.950%	9/16/27	2,600	2,508
²	CBB International Sukuk Programme Co. WLL	3.875%	5/18/29	1,500	1,400
	CBB International Sukuk Programme Co. WLL	3.875%	5/18/29	200	186
	Kingdom of Bahrain	6.125%	8/1/23	4,202	4,299
	Kingdom of Bahrain	7.000%	1/26/26	4,150	4,416
	Kingdom of Bahrain	4.250%	1/25/28	900	839
	Kingdom of Bahrain	7.000%	10/12/28	4,900	5,133
	Kingdom of Bahrain	6.750%	9/20/29	4,100	4,143
	Kingdom of Bahrain	7.375%	5/14/30	3,650	3,788
	Kingdom of Bahrain	5.625%	9/30/31	2,970	2,733
	Kingdom of Bahrain	5.450%	9/16/32	3,900	3,503
	Kingdom of Bahrain	5.250%	1/25/33	1,800	1,576
²	Kingdom of Bahrain	5.625%	5/18/34	2,400	2,155
	Kingdom of Bahrain	5.625%	5/18/34	400	358
	Kingdom of Bahrain	6.000%	9/19/44	4,000	3,291
	Kingdom of Bahrain	7.500%	9/20/47	2,800	2,594
	Kingdom of Bahrain	6.250%	1/25/51	1,600	1,317
					59,286
Belarus (0.0%)
	Republic of Belarus	5.875%	2/24/26	1,000	133
	Republic of Belarus	7.625%	6/29/27	1,600	208
	Republic of Belarus	6.200%	2/28/30	1,600	192
²	Republic of Belarus	6.378%	2/24/31	550	73
	Republic of Belarus	6.378%	2/24/31	2,200	274
					880
Bermuda (0.2%)
	Government of Bermuda	3.717%	1/25/27	1,550	1,537
²	Government of Bermuda	4.750%	2/15/29	600	630
	Government of Bermuda	2.375%	8/20/30	1,200	1,060
²	Government of Bermuda	3.375%	8/20/50	1,000	818
	Government of Bermuda	3.375%	8/20/50	1,000	819
					4,864
Bolivia (0.2%)
^2,3	Bolivian Government	4.500%	3/20/28	700	594
³	Bolivian Government	4.500%	3/20/28	2,706	2,296
²	Bolivian Government	7.500%	3/2/30	2,000	1,976
					4,866

Emerging Markets Government Bond Index Fund

		Coupon	Maturity Date	Face Amount ($000)	Market Value• ($000)
Brazil (3.4%)
	Federative Republic of Brazil	8.875%	4/15/24	3,226	3,605
	Federative Republic of Brazil	4.250%	1/7/25	13,753	13,884
	Federative Republic of Brazil	8.750%	2/4/25	1,400	1,592
	Federative Republic of Brazil	2.875%	6/6/25	5,350	5,128
	Federative Republic of Brazil	6.000%	4/7/26	5,400	5,708
	Federative Republic of Brazil	10.125%	5/15/27	2,000	2,545
	Federative Republic of Brazil	4.625%	1/13/28	10,000	9,765
	Federative Republic of Brazil	4.500%	5/30/29	5,800	5,468
	Federative Republic of Brazil	3.875%	6/12/30	10,400	9,182
	Federative Republic of Brazil	3.750%	9/12/31	4,450	3,836
	Federative Republic of Brazil	8.250%	1/20/34	4,100	4,781
	Federative Republic of Brazil	7.125%	1/20/37	4,900	5,277
	Federative Republic of Brazil	5.625%	1/7/41	6,200	5,533
	Federative Republic of Brazil	5.000%	1/27/45	10,186	8,209
	Federative Republic of Brazil	5.625%	2/21/47	4,033	3,455
	Federative Republic of Brazil	4.750%	1/14/50	16,685	12,661
					100,629
Chile (2.1%)
	Republic of Chile	3.125%	1/21/26	2,000	1,958
	Republic of Chile	2.750%	1/31/27	4,600	4,355
	Republic of Chile	3.240%	2/6/28	5,940	5,680
	Republic of Chile	2.450%	1/31/31	4,650	4,056
	Republic of Chile	2.550%	7/27/33	7,400	6,190
	Republic of Chile	3.500%	1/31/34	8,600	7,825
	Republic of Chile	3.100%	5/7/41	8,050	6,297
	Republic of Chile	4.340%	3/7/42	5,750	5,269
	Republic of Chile	3.860%	6/21/47	3,925	3,400
	Republic of Chile	3.500%	1/25/50	6,600	5,238
	Republic of Chile	4.000%	1/31/52	2,850	2,438
	Republic of Chile	3.500%	4/15/53	4,350	3,375
	Republic of Chile	3.100%	1/22/61	5,850	4,064
	Republic of Chile	3.250%	9/21/71	3,100	2,119
					62,264
China (1.7%)
	China Government Bond	3.250%	10/19/23	4,525	4,560
	China Government Bond	0.400%	10/21/23	3,900	3,772
	China Government Bond	1.950%	12/3/24	6,200	6,057
	China Government Bond	0.550%	10/21/25	7,000	6,465
	China Government Bond	2.625%	11/2/27	3,651	3,552
	China Government Bond	3.500%	10/19/28	2,300	2,345
	China Government Bond	2.125%	12/3/29	8,600	8,078
	China Government Bond	1.200%	10/21/30	4,550	3,920
	China Government Bond	1.750%	10/26/31	1,600	1,428
	China Government Bond	2.750%	12/3/39	1,725	1,504
	China Government Bond	4.000%	10/19/48	1,400	1,450
²	China Government Bond	2.250%	10/21/50	800	591
	China Government Bond	2.250%	10/21/50	800	588
²	China Government Bond	2.500%	10/26/51	2,925	2,272
	China Government Bond	2.500%	10/26/51	200	155
	Export-Import Bank of China	3.625%	7/31/24	4,572	4,630
					51,367

Emerging Markets Government Bond Index Fund

		Coupon	Maturity Date	Face Amount ($000)	Market Value• ($000)
Colombia (2.6%)
	Republic of Colombia	4.000%	2/26/24	4,545	4,475
	Republic of Colombia	8.125%	5/21/24	3,005	3,178
	Republic of Colombia	4.500%	1/28/26	4,467	4,292
	Republic of Colombia	3.875%	4/25/27	5,800	5,290
	Republic of Colombia	4.500%	3/15/29	6,000	5,433
	Republic of Colombia	3.000%	1/30/30	4,575	3,660
	Republic of Colombia	3.125%	4/15/31	7,580	5,926
	Republic of Colombia	3.250%	4/22/32	5,900	4,546
	Republic of Colombia	7.375%	9/18/37	2,812	2,910
	Republic of Colombia	6.125%	1/18/41	10,200	9,002
	Republic of Colombia	4.125%	2/22/42	2,850	1,997
	Republic of Colombia	5.625%	2/26/44	7,475	6,061
	Republic of Colombia	5.000%	6/15/45	13,375	10,014
	Republic of Colombia	5.200%	5/15/49	8,220	6,205
	Republic of Colombia	4.125%	5/15/51	5,700	3,824
	Republic of Colombia	3.875%	2/15/61	2,550	1,636
					78,449
Costa Rica (0.4%)
	Republic of Costa Rica	4.375%	4/30/25	1,400	1,400
	Republic of Costa Rica	6.125%	2/19/31	3,625	3,594
	Republic of Costa Rica	5.625%	4/30/43	1,500	1,273
	Republic of Costa Rica	7.000%	4/4/44	3,130	2,991
	Republic of Costa Rica	7.158%	3/12/45	3,801	3,683
					12,941
Croatia (0.2%)
	Republic of Croatia	6.000%	1/26/24	5,225	5,429
Dominican Republic (2.3%)
	Dominican Republic	5.500%	1/27/25	4,300	4,411
	Dominican Republic	6.875%	1/29/26	4,795	5,041
	Dominican Republic	5.950%	1/25/27	5,350	5,365
	Dominican Republic	6.000%	7/19/28	4,069	4,019
²	Dominican Republic	5.500%	2/22/29	5,150	4,802
	Dominican Republic	4.500%	1/30/30	5,606	4,831
²	Dominican Republic	4.875%	9/23/32	1,150	966
	Dominican Republic	4.875%	9/23/32	9,100	7,643
²	Dominican Republic	6.000%	2/22/33	4,050	3,672
²	Dominican Republic	5.300%	1/21/41	700	553
	Dominican Republic	5.300%	1/21/41	3,850	3,046
	Dominican Republic	7.450%	4/30/44	4,900	4,747
	Dominican Republic	6.850%	1/27/45	5,894	5,314
	Dominican Republic	6.500%	2/15/48	3,100	2,672
	Dominican Republic	6.400%	6/5/49	4,550	3,865
²	Dominican Republic	5.875%	1/30/60	500	379
	Dominican Republic	5.875%	1/30/60	8,827	6,690
					68,016
Ecuador (1.1%)
^2,3	Republic of Ecuador	0.000%	7/31/30	300	164
³	Republic of Ecuador	0.000%	7/31/30	2,730	1,490
^2,5	Republic of Ecuador, 1.500% coupon rate effective 7/31/2022	0.500%	7/31/40	5,658	3,082
⁵	Republic of Ecuador, 1.500% coupon rate effective 7/31/2022	0.500%	7/31/40	4,475	2,438

Emerging Markets Government Bond Index Fund

		Coupon	Maturity Date	Face Amount ($000)	Market Value• ($000)
^2,5	Republic of Ecuador, 2.500% coupon rate effective 7/31/2022	1.000%	7/31/35	10,051	6,327
⁵	Republic of Ecuador, 2.500% coupon rate effective 7/31/22	1.000%	7/31/35	15,230	9,586
^2,5	Republic of Ecuador, 5.500% coupon rate effective 7/31/22	5.000%	7/31/30	2,060	1,673
⁵	Republic of Ecuador, 5.500% coupon rate effective 7/31/22	5.000%	7/31/30	8,945	7,266
					32,026
Egypt (2.2%)
	Arab Republic of Egypt	4.550%	11/20/23	1,478	1,407
	Arab Republic of Egypt	6.200%	3/1/24	2,200	2,101
	Arab Republic of Egypt	5.750%	5/29/24	3,720	3,470
	Arab Republic of Egypt	5.875%	6/11/25	4,475	4,041
	Arab Republic of Egypt	5.250%	10/6/25	2,350	2,082
²	Arab Republic of Egypt	3.875%	2/16/26	1,100	893
	Arab Republic of Egypt	3.875%	2/16/26	800	650
	Arab Republic of Egypt	7.500%	1/31/27	6,200	5,475
²	Arab Republic of Egypt	5.800%	9/30/27	1,575	1,293
	Arab Republic of Egypt	5.800%	9/30/27	400	327
	Arab Republic of Egypt	6.588%	2/21/28	5,325	4,428
	Arab Republic of Egypt	7.600%	3/1/29	5,200	4,425
	Arab Republic of Egypt	5.875%	2/16/31	4,350	3,181
	Arab Republic of Egypt	7.053%	1/15/32	5,100	3,935
	Arab Republic of Egypt	7.625%	5/29/32	2,644	2,061
²	Arab Republic of Egypt	7.300%	9/30/33	2,900	2,168
	Arab Republic of Egypt	7.300%	9/30/33	300	225
	Arab Republic of Egypt	6.875%	4/30/40	900	633
	Arab Republic of Egypt	8.500%	1/31/47	8,080	5,874
	Arab Republic of Egypt	7.903%	2/21/48	4,700	3,208
	Arab Republic of Egypt	8.700%	3/1/49	5,150	3,734
	Arab Republic of Egypt	8.875%	5/29/50	5,640	4,140
²	Arab Republic of Egypt	8.750%	9/30/51	1,750	1,282
	Arab Republic of Egypt	8.150%	11/20/59	1,550	1,073
²	Arab Republic of Egypt	7.500%	2/16/61	3,600	2,401
	Arab Republic of Egypt	7.500%	2/16/61	1,000	665
					65,172
El Salvador (0.3%)
	Republic of El Salvador	5.875%	1/30/25	2,568	1,221
	Republic of El Salvador	6.375%	1/18/27	2,362	978
	Republic of El Salvador	8.625%	2/28/29	1,625	651
	Republic of El Salvador	8.250%	4/10/32	1,332	555
	Republic of El Salvador	7.650%	6/15/35	3,150	1,220
	Republic of El Salvador	7.625%	2/1/41	1,918	727
²	Republic of El Salvador	7.125%	1/20/50	350	129
	Republic of El Salvador	7.125%	1/20/50	2,800	1,025
²	Republic of El Salvador	9.500%	7/15/52	750	302
	Republic of El Salvador	9.500%	7/15/52	2,300	932
					7,740
Ethiopia (0.1%)
	Federal Republic of Ethiopia	6.625%	12/11/24	2,850	1,979
Gabon (0.2%)
	Republic of Gabon	6.950%	6/16/25	1,800	1,793
³	Republic of Gabon	6.625%	2/6/31	2,000	1,809

Emerging Markets Government Bond Index Fund

		Coupon	Maturity Date	Face Amount ($000)	Market Value• ($000)
^2,3	Republic of Gabon	6.625%	2/6/31	900	812
²	Republic of Gabon	7.000%	11/24/31	2,325	2,102
	Republic of Gabon	7.000%	11/24/31	400	363
					6,879
Georgia (0.0%)
²	Republic of Georgia	2.750%	4/22/26	750	644
	Republic of Georgia	2.750%	4/22/26	800	686
					1,330
Ghana (0.8%)
³	Republic of Ghana	8.125%	1/18/26	4,045	3,117
³	Republic of Ghana	6.375%	2/11/27	4,106	2,793
³	Republic of Ghana	7.875%	3/26/27	2,130	1,492
³	Republic of Ghana	7.750%	4/7/29	800	509
³	Republic of Ghana	7.625%	5/16/29	4,500	2,842
³	Republic of Ghana	10.750%	10/14/30	3,100	3,069
³	Republic of Ghana	8.125%	3/26/32	4,100	2,516
	Republic of Ghana	8.625%	4/7/34	2,700	1,635
³	Republic of Ghana	7.875%	2/11/35	2,700	1,589
²	Republic of Ghana	8.875%	5/7/42	800	472
	Republic of Ghana	8.875%	5/7/42	200	118
³	Republic of Ghana	8.627%	6/16/49	3,250	1,883
³	Republic of Ghana	8.950%	3/26/51	2,925	1,707
^2,3	Republic of Ghana	8.750%	3/11/61	600	345
³	Republic of Ghana	8.750%	3/11/61	2,250	1,309
					25,396
Guatemala (0.5%)
	Republic of Guatemala	4.500%	5/3/26	2,050	2,029
	Republic of Guatemala	4.375%	6/5/27	1,400	1,379
	Republic of Guatemala	4.875%	2/13/28	2,000	1,994
³	Republic of Guatemala	4.900%	6/1/30	1,600	1,570
	Republic of Guatemala	5.375%	4/24/32	2,000	2,009
²	Republic of Guatemala	3.700%	10/7/33	1,100	948
²	Republic of Guatemala	4.650%	10/7/41	1,300	1,115
	Republic of Guatemala	4.650%	10/7/41	200	171
³	Republic of Guatemala	6.125%	6/1/50	4,200	4,016
					15,231
Honduras (0.1%)
	Republic of Honduras	6.250%	1/19/27	2,020	1,767
²	Republic of Honduras	5.625%	6/24/30	650	510
	Republic of Honduras	5.625%	6/24/30	1,150	902
					3,179
Hungary (0.8%)
	Republic of Hungary	5.750%	11/22/23	4,940	5,107
	Republic of Hungary	5.375%	3/25/24	5,493	5,669
²	Republic of Hungary	2.125%	9/22/31	5,900	4,732
	Republic of Hungary	2.125%	9/22/31	1,150	922
	Republic of Hungary	7.625%	3/29/41	3,670	4,618
²	Republic of Hungary	3.125%	9/21/51	4,900	3,388
	Republic of Hungary	3.125%	9/21/51	1,000	689
					25,125
Indonesia (6.3%)
	Perusahaan Penerbit SBSN Indonesia III	3.900%	8/20/24	2,050	2,091
	Perusahaan Penerbit SBSN Indonesia III	4.350%	9/10/24	4,800	4,908

Emerging Markets Government Bond Index Fund

		Coupon	Maturity Date	Face Amount ($000)	Market Value• ($000)
	Perusahaan Penerbit SBSN Indonesia III	4.325%	5/28/25	6,369	6,535
	Perusahaan Penerbit SBSN Indonesia III	2.300%	6/23/25	1,550	1,505
	Perusahaan Penerbit SBSN Indonesia III	4.550%	3/29/26	5,520	5,666
²	Perusahaan Penerbit SBSN Indonesia III	1.500%	6/9/26	3,150	2,899
	Perusahaan Penerbit SBSN Indonesia III	1.500%	6/9/26	675	621
	Perusahaan Penerbit SBSN Indonesia III	4.150%	3/29/27	5,964	6,053
	Perusahaan Penerbit SBSN Indonesia III	4.400%	3/1/28	4,690	4,807
	Perusahaan Penerbit SBSN Indonesia III	4.450%	2/20/29	3,285	3,383
	Perusahaan Penerbit SBSN Indonesia III	2.800%	6/23/30	3,350	3,091
²	Perusahaan Penerbit SBSN Indonesia III	2.550%	6/9/31	1,900	1,707
	Perusahaan Penerbit SBSN Indonesia III	2.550%	6/9/31	1,200	1,078
	Perusahaan Penerbit SBSN Indonesia III	3.800%	6/23/50	2,300	1,995
²	Perusahaan Penerbit SBSN Indonesia III	3.550%	6/9/51	1,800	1,503
	Perusahaan Penerbit SBSN Indonesia III	3.550%	6/9/51	400	334
	Republic of Indonesia	5.875%	1/15/24	6,850	7,141
	Republic of Indonesia	4.125%	1/15/25	5,900	5,970
	Republic of Indonesia	4.750%	1/8/26	6,600	6,815
	Republic of Indonesia	4.350%	1/8/27	4,150	4,247
	Republic of Indonesia	3.850%	7/18/27	2,950	2,960
	Republic of Indonesia	3.500%	1/11/28	3,636	3,557
	Republic of Indonesia	4.100%	4/24/28	3,000	3,024
	Republic of Indonesia	4.750%	2/11/29	3,958	4,126
	Republic of Indonesia	3.400%	9/18/29	2,250	2,168
	Republic of Indonesia	2.850%	2/14/30	3,800	3,528
	Republic of Indonesia	3.850%	10/15/30	4,850	4,789
	Republic of Indonesia	1.850%	3/12/31	3,450	2,927
	Republic of Indonesia	2.150%	7/28/31	3,525	3,043
	Republic of Indonesia	3.550%	3/31/32	3,250	3,074
	Republic of Indonesia	8.500%	10/12/35	4,800	6,418
	Republic of Indonesia	6.625%	2/17/37	4,387	5,029
	Republic of Indonesia	7.750%	1/17/38	6,050	7,644
	Republic of Indonesia	5.250%	1/17/42	6,625	6,657
	Republic of Indonesia	4.625%	4/15/43	4,360	4,097
	Republic of Indonesia	6.750%	1/15/44	5,930	7,086
	Republic of Indonesia	5.125%	1/15/45	5,901	5,834
	Republic of Indonesia	5.950%	1/8/46	3,891	4,292
	Republic of Indonesia	5.250%	1/8/47	4,450	4,511
	Republic of Indonesia	4.750%	7/18/47	3,000	2,866
	Republic of Indonesia	4.350%	1/11/48	5,300	4,842
	Republic of Indonesia	5.350%	2/11/49	2,873	2,967
	Republic of Indonesia	3.700%	10/30/49	2,900	2,431
	Republic of Indonesia	3.500%	2/14/50	2,300	1,883
	Republic of Indonesia	4.200%	10/15/50	4,950	4,432
	Republic of Indonesia	3.050%	3/12/51	5,900	4,669
	Republic of Indonesia	4.300%	3/31/52	2,400	2,184
	Republic of Indonesia	3.200%	9/23/61	1,900	1,372
	Republic of Indonesia	4.450%	4/15/70	3,000	2,702
	Republic of Indonesia	3.350%	3/12/71	2,400	1,715
					189,176
Iraq (0.2%)
³	Republic of Iraq	5.800%	1/15/28	5,959	5,732
Ivory Coast (0.3%)
³	Ivory Coast	6.375%	3/3/28	2,350	2,338
	Ivory Coast	5.750%	12/31/32	1,790	1,705

Emerging Markets Government Bond Index Fund

		Coupon	Maturity Date	Face Amount ($000)	Market Value• ($000)
³	Ivory Coast	6.125%	6/15/33	3,900	3,554
					7,597
Jamaica (0.5%)
³	Jamaica	6.750%	4/28/28	4,200	4,529
³	Jamaica	8.000%	3/15/39	3,700	4,612
	Jamaica	7.875%	7/28/45	5,400	6,636
					15,777
Jordan (0.4%)
	Kingdom of Jordan	4.950%	7/7/25	800	764
	Kingdom of Jordan	6.125%	1/29/26	3,500	3,378
	Kingdom of Jordan	5.750%	1/31/27	3,000	2,825
²	Kingdom of Jordan	5.850%	7/7/30	1,000	883
	Kingdom of Jordan	5.850%	7/7/30	2,811	2,474
	Kingdom of Jordan	7.375%	10/10/47	3,050	2,631
					12,955
Kazakhstan (0.7%)
	Republic of Kazakhstan	3.875%	10/14/24	4,370	4,427
	Republic of Kazakhstan	5.125%	7/21/25	7,500	7,825
	Republic of Kazakhstan	4.875%	10/14/44	2,950	2,792
	Republic of Kazakhstan	6.500%	7/21/45	4,430	5,009
					20,053
Kenya (0.6%)
	Republic of Kenya	6.875%	6/24/24	6,000	5,790
	Republic of Kenya	7.000%	5/22/27	2,475	2,203
	Republic of Kenya	7.250%	2/28/28	3,200	2,815
	Republic of Kenya	8.000%	5/22/32	3,800	3,257
²	Republic of Kenya	6.300%	1/23/34	2,400	1,807
	Republic of Kenya	6.300%	1/23/34	350	267
	Republic of Kenya	8.250%	2/28/48	3,025	2,315
					18,454
Kuwait (0.5%)
	Kuwait	3.500%	3/20/27	13,425	13,530
Lebanon (0.1%)
⁶	Lebanon Republic	6.650%	4/22/24	2,250	248
⁶	Lebanon Republic	6.200%	2/26/25	3,548	393
⁶	Lebanon Republic	6.600%	11/27/26	6,047	697
⁶	Lebanon Republic	6.850%	3/23/27	4,335	505
⁶	Lebanon Republic	6.750%	11/29/27	4,009	449
⁶	Lebanon Republic	6.650%	11/3/28	3,217	361
⁶	Lebanon Republic	6.850%	5/25/29	3,552	392
⁶	Lebanon Republic	6.650%	2/26/30	4,520	507
⁶	Lebanon Republic	7.000%	3/23/32	4,315	513
⁶	Lebanon Republic	7.250%	3/23/37	2,405	271
					4,336
Malaysia (0.4%)
	Malaysia Sovereign Sukuk Bhd.	3.043%	4/22/25	2,850	2,834
²	Malaysia Sovereign Sukuk Bhd.	2.070%	4/28/31	1,750	1,567
	Malaysia Sovereign Sukuk Bhd.	4.236%	4/22/45	1,625	1,695
²	Malaysia Sovereign Sukuk Bhd.	3.075%	4/28/51	1,200	1,006
	Malaysia Sukuk Global Bhd.	3.179%	4/27/26	3,000	2,991
	Malaysia Sukuk Global Bhd.	4.080%	4/27/46	1,550	1,576
	Malaysia Wakala Sukuk Bhd.	2.070%	4/28/31	500	446

Emerging Markets Government Bond Index Fund

		Coupon	Maturity Date	Face Amount ($000)	Market Value• ($000)
	Malaysia Wakala Sukuk Bhd.	3.075%	4/28/51	250	211
					12,326
Maldives (0.0%)
²	Maldives Sukuk Issuance Ltd.	9.875%	4/8/26	1,365	1,288
	Maldives Sukuk Issuance Ltd.	9.875%	4/8/26	200	188
					1,476
Mexico (5.5%)
	United Mexican States	3.600%	1/30/25	5,000	4,989
	United Mexican States	3.900%	4/27/25	2,700	2,707
	United Mexican States	4.125%	1/21/26	6,162	6,195
	United Mexican States	4.150%	3/28/27	6,870	6,886
	United Mexican States	3.750%	1/11/28	5,500	5,307
	United Mexican States	4.500%	4/22/29	9,136	9,042
	United Mexican States	3.250%	4/16/30	6,725	6,041
	United Mexican States	2.659%	5/24/31	9,807	8,219
	United Mexican States	8.300%	8/15/31	3,450	4,429
	United Mexican States	4.750%	4/27/32	7,265	7,113
	United Mexican States	7.500%	4/8/33	2,310	2,817
	United Mexican States	3.500%	2/12/34	12,347	10,443
	United Mexican States	6.750%	9/27/34	2,029	2,326
	United Mexican States	6.050%	1/11/40	8,799	9,099
	United Mexican States	4.280%	8/14/41	10,970	9,155
	United Mexican States	4.750%	3/8/44	10,956	9,668
	United Mexican States	5.550%	1/21/45	8,359	8,133
	United Mexican States	4.600%	1/23/46	7,000	5,934
	United Mexican States	4.350%	1/15/47	4,376	3,554
	United Mexican States	4.600%	2/10/48	6,023	5,074
	United Mexican States	4.500%	1/31/50	6,899	5,726
	United Mexican States	5.000%	4/27/51	7,475	6,679
	United Mexican States	4.400%	2/12/52	7,450	5,962
	United Mexican States	3.771%	5/24/61	9,503	6,590
	United Mexican States	3.750%	4/19/71	9,200	6,279
	United Mexican States	5.750%	10/12/10	8,130	7,334
					165,701
Mongolia (0.3%)
	Mongolia	5.625%	5/1/23	1,200	1,192
	Mongolia	8.750%	3/9/24	2,100	2,156
²	Mongolia	5.125%	4/7/26	848	795
	Mongolia	5.125%	4/7/26	1,000	939
²	Mongolia	3.500%	7/7/27	1,100	952
	Mongolia	3.500%	7/7/27	400	346
²	Mongolia	4.450%	7/7/31	1,300	1,119
	Mongolia	4.450%	7/7/31	200	172
					7,671
Morocco (0.3%)
	Kingdom of Morocco	2.375%	12/15/27	2,200	1,899
	Kingdom of Morocco	3.000%	12/15/32	3,100	2,451
	Kingdom of Morocco	5.500%	12/11/42	2,240	1,955
²	Kingdom of Morocco	4.000%	12/15/50	2,250	1,544
	Kingdom of Morocco	4.000%	12/15/50	1,250	866
					8,715
Mozambique (0.1%)
⁵	Republic of Mozambique, 9.000% coupon rate effective 9/15/23	5.000%	9/15/31	2,600	2,258

Emerging Markets Government Bond Index Fund

		Coupon	Maturity Date	Face Amount ($000)	Market Value• ($000)
Namibia (0.1%)
	Repubilc of Namibia	5.250%	10/29/25	2,300	2,215
Nigeria (1.3%)
	Republic of Nigeria	6.375%	7/12/23	1,200	1,200
	Republic of Nigeria	7.625%	11/21/25	3,500	3,488
	Republic of Nigeria	6.500%	11/28/27	4,750	4,228
²	Republic of Nigeria	6.125%	9/28/28	3,400	2,906
	Republic of Nigeria	6.125%	9/28/28	350	301
²	Republic of Nigeria	8.375%	3/24/29	3,800	3,548
	Republic of Nigeria	7.143%	2/23/30	3,800	3,257
	Republic of Nigeria	8.747%	1/21/31	2,900	2,612
	Republic of Nigeria	7.875%	2/16/32	4,550	3,791
²	Republic of Nigeria	7.375%	9/28/33	3,100	2,482
	Republic of Nigeria	7.375%	9/28/33	1,200	955
	Republic of Nigeria	7.696%	2/23/38	3,767	2,841
	Republic of Nigeria	7.625%	11/28/47	4,400	3,137
	Republic of Nigeria	9.248%	1/21/49	2,300	1,933
²	Republic of Nigeria	8.250%	9/28/51	3,350	2,542
	Republic of Nigeria	8.250%	9/28/51	400	304
					39,525
Oman (2.6%)
	Oman Sovereign Sukuk Co.	4.397%	6/1/24	6,075	6,087
	Oman Sovereign Sukuk Co.	5.932%	10/31/25	4,656	4,881
²	Oman Sovereign Sukuk Co.	4.875%	6/15/30	4,700	4,769
	Oman Sovereign Sukuk Co.	4.875%	6/15/30	200	203
	Sultanate of Oman	4.875%	2/1/25	3,744	3,753
	Sultanate of Oman	4.750%	6/15/26	7,575	7,432
	Sultanate of Oman	5.375%	3/8/27	5,900	5,891
	Sultanate of Oman	6.750%	10/28/27	4,240	4,467
	Sultanate of Oman	5.625%	1/17/28	7,900	7,906
	Sultanate of Oman	6.000%	8/1/29	6,472	6,539
²	Sultanate of Oman	6.250%	1/25/31	1,000	1,017
	Sultanate of Oman	6.250%	1/25/31	4,300	4,373
	Sultanate of Oman	7.375%	10/28/32	2,937	3,219
	Sultanate of Oman	6.500%	3/8/47	5,915	5,402
	Sultanate of Oman	6.750%	1/17/48	8,150	7,626
²	Sultanate of Oman	7.000%	1/25/51	2,100	2,018
	Sultanate of Oman	7.000%	1/25/51	1,000	959
					76,542
Pakistan (0.6%)
	Islamic Republic of Pakistan	8.250%	4/15/24	3,000	2,687
	Islamic Republic of Pakistan	8.250%	9/30/25	1,650	1,402
²	Islamic Republic of Pakistan	6.000%	4/8/26	400	327
	Islamic Republic of Pakistan	6.000%	4/8/26	3,250	2,658
	Islamic Republic of Pakistan	6.875%	12/5/27	4,900	4,005
²	Islamic Republic of Pakistan	7.375%	4/8/31	2,000	1,543
	Islamic Republic of Pakistan	7.375%	4/8/31	2,400	1,848
⁴	Islamic Republic of Pakistan	8.875%	4/8/51	2,370	1,703
²	Pakistan Global Sukuk Programme Co. Ltd.	7.950%	1/31/29	2,500	2,377
					18,550
Panama (2.3%)
	Republic of Panama	4.000%	9/22/24	2,600	2,619
	Republic of Panama	3.750%	3/16/25	3,659	3,649
	Republic of Panama	7.125%	1/29/26	2,875	3,178

Emerging Markets Government Bond Index Fund

		Coupon	Maturity Date	Face Amount ($000)	Market Value• ($000)
	Republic of Panama	8.875%	9/30/27	2,900	3,531
	Republic of Panama	3.875%	3/17/28	3,733	3,618
	Republic of Panama	9.375%	4/1/29	2,850	3,627
	Republic of Panama	3.160%	1/23/30	4,500	4,092
	Republic of Panama	2.252%	9/29/32	7,500	6,020
	Republic of Panama	3.298%	1/19/33	3,050	2,672
³	Republic of Panama	6.700%	1/26/36	6,050	6,808
³	Republic of Panama	4.500%	5/15/47	3,500	3,059
³	Republic of Panama	4.500%	4/16/50	7,475	6,444
³	Republic of Panama	4.300%	4/29/53	5,150	4,299
	Republic of Panama	4.500%	4/1/56	7,475	6,353
³	Republic of Panama	3.870%	7/23/60	8,950	6,693
	Republic of Panama	4.500%	1/19/63	4,450	3,687
					70,349
Papua New Guinea (0.0%)
	Papua New Guinea	8.375%	10/4/28	1,400	1,210
Paraguay (0.5%)
	Republic of Paraguay	5.000%	4/15/26	1,500	1,518
	Republic of Paraguay	4.700%	3/27/27	1,600	1,595
³	Republic of Paraguay	4.950%	4/28/31	3,197	3,132
²	Republic of Paraguay	2.739%	1/29/33	608	495
	Republic of Paraguay	2.739%	1/29/33	1,200	967
²	Republic of Paraguay	3.849%	6/28/33	1,095	969
	Republic of Paraguay	3.849%	6/28/33	200	178
	Republic of Paraguay	6.100%	8/11/44	3,200	3,165
	Republic of Paraguay	5.600%	3/13/48	1,650	1,494
³	Republic of Paraguay	5.400%	3/30/50	3,350	2,969
					16,482
Peru (2.2%)
	Republic of Peru	7.350%	7/21/25	4,509	4,932
	Republic of Peru	2.392%	1/23/26	4,500	4,212
	Republic of Peru	4.125%	8/25/27	2,997	2,978
	Republic of Peru	2.783%	1/23/31	13,200	11,431
	Republic of Peru	1.862%	12/1/32	2,900	2,252
	Republic of Peru	8.750%	11/21/33	6,466	8,577
	Republic of Peru	3.000%	1/15/34	7,900	6,587
³	Republic of Peru	6.550%	3/14/37	3,146	3,618
	Republic of Peru	3.300%	3/11/41	4,100	3,218
	Republic of Peru	5.625%	11/18/50	6,758	7,385
	Republic of Peru	3.550%	3/10/51	5,350	4,168
	Republic of Peru	2.780%	12/1/60	5,775	3,751
	Republic of Peru	3.600%	1/15/72	3,100	2,199
	Republic of Peru	3.230%	7/28/21	3,027	1,924
					67,232
Philippines (3.2%)
	Republic of Philippines	4.200%	1/21/24	4,314	4,375
³	Republic of Philippines	7.500%	9/25/24	1,150	1,204
	Republic of Philippines	10.625%	3/16/25	4,450	5,307
	Republic of Philippines	5.500%	3/30/26	3,100	3,283
	Republic of Philippines	3.229%	3/29/27	1,700	1,654
	Republic of Philippines	3.000%	2/1/28	6,050	5,798
	Republic of Philippines	3.750%	1/14/29	4,600	4,525
	Republic of Philippines	9.500%	2/2/30	6,035	8,076
	Republic of Philippines	2.457%	5/5/30	2,975	2,646

Emerging Markets Government Bond Index Fund

		Coupon	Maturity Date	Face Amount ($000)	Market Value• ($000)
	Republic of Philippines	7.750%	1/14/31	5,554	6,909
	Republic of Philippines	1.648%	6/10/31	3,150	2,599
	Republic of Philippines	1.950%	1/6/32	2,300	1,927
	Republic of Philippines	6.375%	1/15/32	3,100	3,577
	Republic of Philippines	3.556%	9/29/32	2,300	2,184
	Republic of Philippines	6.375%	10/23/34	5,735	6,645
	Republic of Philippines	5.000%	1/13/37	4,005	4,118
	Republic of Philippines	3.950%	1/20/40	5,900	5,299
	Republic of Philippines	3.700%	3/1/41	6,100	5,298
	Republic of Philippines	3.700%	2/2/42	5,970	5,172
	Republic of Philippines	2.950%	5/5/45	3,900	2,937
	Republic of Philippines	2.650%	12/10/45	4,400	3,159
	Republic of Philippines	3.200%	7/6/46	6,675	5,214
	Republic of Philippines	4.200%	3/29/47	2,950	2,719
					94,625
Poland (0.4%)
	Republic of Poland	3.000%	3/17/23	830	830
⁷	Republic of Poland	4.000%	1/22/24	5,933	5,996
	Republic of Poland	3.250%	4/6/26	5,175	5,131
					11,957
Qatar (4.2%)
	State of Qatar	3.375%	3/14/24	6,439	6,469
	State of Qatar	3.400%	4/16/25	6,017	6,032
	State of Qatar	3.250%	6/2/26	10,350	10,288
	State of Qatar	4.500%	4/23/28	8,950	9,419
	State of Qatar	4.000%	3/14/29	11,800	12,092
	State of Qatar	3.750%	4/16/30	9,815	9,902
²	State of Qatar	9.750%	6/15/30	3,328	4,734
²	State of Qatar	6.400%	1/20/40	2,970	3,704
²	State of Qatar	5.750%	1/20/42	3,000	3,539
	State of Qatar	4.625%	6/2/46	6,100	6,371
	State of Qatar	5.103%	4/23/48	17,900	19,885
	State of Qatar	4.817%	3/14/49	17,925	19,229
	State of Qatar	4.400%	4/16/50	14,900	15,066
					126,730
Romania (0.9%)
	Romania	4.375%	8/22/23	3,800	3,848
	Romania	4.875%	1/22/24	2,870	2,936
²	Romania	3.000%	2/27/27	3,600	3,348
²	Romania	3.000%	2/14/31	1,300	1,108
	Romania	3.000%	2/14/31	2,600	2,220
²	Romania	3.625%	3/27/32	3,150	2,710
	Romania	6.125%	1/22/44	3,300	3,403
	Romania	5.125%	6/15/48	3,628	3,304
²	Romania	4.000%	2/14/51	2,000	1,511
	Romania	4.000%	2/14/51	3,694	2,811
					27,199
Rwanda (0.1%)
²	Republic of Rwanda	5.500%	8/9/31	1,700	1,507
	Republic of Rwanda	5.500%	8/9/31	200	178
					1,685
Saudi Arabia (6.7%)
	Kingdom of Saudi Arabia	4.000%	4/17/25	13,300	13,518
	Kingdom of Saudi Arabia	2.900%	10/22/25	7,500	7,386

Emerging Markets Government Bond Index Fund

		Coupon	Maturity Date	Face Amount ($000)	Market Value• ($000)
	Kingdom of Saudi Arabia	3.250%	10/26/26	15,900	15,818
	Kingdom of Saudi Arabia	2.500%	2/3/27	4,000	3,848
	Kingdom of Saudi Arabia	3.625%	3/4/28	14,932	14,919
	Kingdom of Saudi Arabia	4.375%	4/16/29	12,200	12,692
	Kingdom of Saudi Arabia	4.500%	4/17/30	9,250	9,673
	Kingdom of Saudi Arabia	3.250%	10/22/30	5,194	5,014
	Kingdom of Saudi Arabia	2.750%	2/3/32	3,100	2,852
	Kingdom of Saudi Arabia	2.250%	2/2/33	8,700	7,523
	Kingdom of Saudi Arabia	4.500%	10/26/46	19,200	18,350
	Kingdom of Saudi Arabia	4.625%	10/4/47	13,418	13,062
	Kingdom of Saudi Arabia	5.000%	4/17/49	11,925	12,327
	Kingdom of Saudi Arabia	5.250%	1/16/50	10,192	10,995
²	Kingdom of Saudi Arabia	3.250%	11/17/51	1,000	803
	Kingdom of Saudi Arabia	3.250%	11/17/51	1,150	919
	Kingdom of Saudi Arabia	3.750%	1/21/55	8,748	7,610
	Kingdom of Saudi Arabia	4.500%	4/22/60	8,750	8,608
	Kingdom of Saudi Arabia	3.450%	2/2/61	6,500	5,186
	KSA Sukuk Ltd.	3.628%	4/20/27	13,700	13,771
	KSA Sukuk Ltd.	4.303%	1/19/29	6,300	6,520
	KSA Sukuk Ltd.	2.969%	10/29/29	7,620	7,291
	KSA Sukuk Ltd.	2.250%	5/17/31	4,300	3,836
					202,521
Senegal (0.2%)
³	Republic of Senegal	6.250%	5/23/33	3,100	2,770
³	Republic of Senegal	6.750%	3/13/48	3,200	2,526
					5,296
Serbia (0.1%)
	Republic of Serbia	2.125%	12/1/30	3,250	2,425
South Africa (2.0%)
	Republic of South Africa	4.665%	1/17/24	4,500	4,518
	Republic of South Africa	5.875%	9/16/25	6,000	6,189
	Republic of South Africa	4.875%	4/14/26	3,850	3,796
	Republic of South Africa	4.850%	9/27/27	3,000	2,867
	Republic of South Africa	4.300%	10/12/28	6,050	5,511
	Republic of South Africa	4.850%	9/30/29	5,860	5,385
	Republic of South Africa	5.875%	6/22/30	4,300	4,210
	Republic of South Africa	5.875%	4/20/32	4,200	3,984
	Republic of South Africa	6.250%	3/8/41	2,200	1,996
	Republic of South Africa	5.375%	7/24/44	2,950	2,351
	Republic of South Africa	5.000%	10/12/46	2,950	2,223
	Republic of South Africa	5.650%	9/27/47	4,475	3,530
	Republic of South Africa	6.300%	6/22/48	1,800	1,538
	Republic of South Africa	5.750%	9/30/49	8,950	7,072
	Republic of South Africa	7.300%	4/20/52	4,800	4,471
					59,641
Sri Lanka (0.4%)
⁶	Republic of Sri Lanka	6.850%	3/14/24	3,150	1,352
⁶	Republic of Sri Lanka	6.350%	6/28/24	1,400	601
⁶	Republic of Sri Lanka	6.125%	6/3/25	1,950	880
⁶	Republic of Sri Lanka	6.850%	11/3/25	4,600	1,984
⁶	Republic of Sri Lanka	6.825%	7/18/26	2,950	1,285
⁶	Republic of Sri Lanka	6.200%	5/11/27	4,450	1,904
⁶	Republic of Sri Lanka	6.750%	4/18/28	3,750	1,604
⁶	Republic of Sri Lanka	7.850%	3/14/29	4,080	1,748

Emerging Markets Government Bond Index Fund

		Coupon	Maturity Date	Face Amount ($000)	Market Value• ($000)
⁶	Republic of Sri Lanka	7.550%	3/28/30	4,375	1,868
					13,226
Suriname (0.0%)
⁶	Republic of Suriname	9.250%	10/26/26	1,500	1,239
Tajikistan (0.0%)
³	Republic of Tajikistan	7.125%	9/14/27	1,375	1,020
Trinidad & Tobago (0.2%)
	Republic of Trinidad & Tobago	4.375%	1/16/24	1,300	1,304
²	Republic of Trinidad & Tobago	4.375%	1/16/24	200	201
	Republic of Trinidad & Tobago	4.500%	8/4/26	2,800	2,780
²	Republic of Trinidad & Tobago	4.500%	6/26/30	850	808
	Republic of Trinidad & Tobago	4.500%	6/26/30	800	755
					5,848
Tunisia (0.1%)
	Tunisian Republic	5.750%	1/30/25	2,925	1,980
Turkey (6.4%)
	Hazine Mustesarligi Varlik Kiralama A/S	4.489%	11/25/24	3,078	2,969
²	Hazine Mustesarligi Varlik Kiralama A/S	5.125%	6/22/26	3,300	3,099
	Hazine Mustesarligi Varlik Kiralama A/S	5.125%	6/22/26	4,200	3,945
²	Hazine Mustesarligi Varlik Kiralama A/S	7.250%	2/24/27	9,000	9,026
	Republic of Turkey	7.250%	12/23/23	5,850	5,929
	Republic of Turkey	5.750%	3/22/24	7,400	7,239
	Republic of Turkey	6.350%	8/10/24	6,750	6,599
	Republic of Turkey	5.600%	11/14/24	7,500	7,171
	Republic of Turkey	7.375%	2/5/25	9,650	9,603
	Republic of Turkey	4.250%	3/13/25	5,850	5,382
	Republic of Turkey	6.375%	10/14/25	7,600	7,279
	Republic of Turkey	4.750%	1/26/26	6,150	5,540
	Republic of Turkey	4.875%	10/9/26	13,324	11,742
	Republic of Turkey	6.000%	3/25/27	9,662	8,790
	Republic of Turkey	8.600%	9/24/27	5,900	5,965
	Republic of Turkey	5.125%	2/17/28	6,325	5,405
	Republic of Turkey	6.125%	10/24/28	7,808	6,957
	Republic of Turkey	7.625%	4/26/29	9,025	8,605
	Republic of Turkey	11.875%	1/15/30	4,530	5,364
	Republic of Turkey	5.250%	3/13/30	5,948	4,870
	Republic of Turkey	5.950%	1/15/31	6,650	5,577
	Republic of Turkey	5.875%	6/26/31	5,150	4,270
	Republic of Turkey	6.500%	9/20/33	4,500	3,815
	Republic of Turkey	8.000%	2/14/34	4,171	4,056
	Republic of Turkey	6.875%	3/17/36	8,300	7,121
	Republic of Turkey	7.250%	3/5/38	2,925	2,586
	Republic of Turkey	6.750%	5/30/40	5,600	4,645
	Republic of Turkey	6.000%	1/14/41	8,665	6,516
	Republic of Turkey	4.875%	4/16/43	9,400	6,345
	Republic of Turkey	6.625%	2/17/45	8,950	7,088
	Republic of Turkey	5.750%	5/11/47	10,400	7,379
					190,877
Ukraine (0.5%)
	Ukraine	7.750%	9/1/23	4,100	1,670
	Ukraine	8.994%	2/1/24	2,350	839
	Ukraine	7.750%	9/1/24	4,010	1,369
	Ukraine	7.750%	9/1/25	3,950	1,320

Emerging Markets Government Bond Index Fund

		Coupon	Maturity Date	Face Amount ($000)	Market Value• ($000)
	Ukraine	7.750%	9/1/26	3,975	1,338
	Ukraine	7.750%	9/1/27	4,000	1,335
	Ukraine	9.750%	11/1/28	4,350	1,467
²	Ukraine	6.876%	5/21/29	2,250	707
	Ukraine	6.876%	5/21/29	3,650	1,172
³	Ukraine	7.375%	9/25/32	8,400	2,646
²	Ukraine	7.253%	3/15/33	2,050	650
	Ukraine	7.253%	3/15/33	5,650	1,812
					16,325
United Arab Emirates (5.3%)
	Dubai DOF Sukuk Ltd.	5.000%	4/30/29	4,630	4,937
⁸	Dubai DOF Sukuk Ltd.	2.763%	9/9/30	4,500	4,204
	Emirate of Abu Dhabi	0.750%	9/2/23	6,275	6,100
	Emirate of Abu Dhabi	2.125%	9/30/24	8,750	8,526
	Emirate of Abu Dhabi	2.500%	4/16/25	9,500	9,343
	Emirate of Abu Dhabi	3.125%	5/3/26	7,122	7,077
	Emirate of Abu Dhabi	3.125%	10/11/27	12,850	12,814
²	Emirate of Abu Dhabi	1.625%	6/2/28	600	541
	Emirate of Abu Dhabi	1.625%	6/2/28	3,712	3,357
	Emirate of Abu Dhabi	2.500%	9/30/29	9,350	8,797
	Emirate of Abu Dhabi	3.125%	4/16/30	9,100	8,834
	Emirate of Abu Dhabi	1.700%	3/2/31	5,250	4,519
²	Emirate of Abu Dhabi	1.875%	9/15/31	1,600	1,388
	Emirate of Abu Dhabi	1.875%	9/15/31	3,500	3,035
²	Emirate of Abu Dhabi	2.000%	10/19/31	2,700	2,392
²	Emirate of Abu Dhabi	2.875%	10/19/41	2,700	2,253
	Emirate of Abu Dhabi	2.875%	10/19/41	200	167
	Emirate of Abu Dhabi	4.125%	10/11/47	9,175	8,946
	Emirate of Abu Dhabi	3.125%	9/30/49	12,300	10,092
	Emirate of Abu Dhabi	3.875%	4/16/50	12,250	11,529
	Emirate of Abu Dhabi	3.000%	9/15/51	2,075	1,667
²	Emirate of Abu Dhabi	3.250%	10/19/61	5,300	4,340
	Emirate of Abu Dhabi	3.250%	10/19/61	650	533
	Emirate of Abu Dhabi	2.700%	9/2/70	4,600	3,250
	Emirate of Dubai	5.250%	1/30/43	3,100	3,011
	Emirate of Dubai	3.900%	9/9/50	3,817	2,994
	Finance Department Government of Sharjah	3.625%	3/10/33	2,400	2,105
	Finance Department Government of Sharjah	4.000%	7/28/50	3,398	2,530
	Finance Department Government of Sharjah	4.375%	3/10/51	1,200	942
	RAK Capital	3.094%	3/31/25	2,833	2,780
	Sharjah Sukuk Ltd.	3.764%	9/17/24	1,910	1,925
	Sharjah Sukuk Program Ltd.	3.854%	4/3/26	3,300	3,291
	Sharjah Sukuk Program Ltd.	2.942%	6/10/27	3,640	3,443
	Sharjah Sukuk Program Ltd.	4.226%	3/14/28	3,700	3,663
	Sharjah Sukuk Program Ltd.	3.234%	10/23/29	2,839	2,629
	Sharjah Sukuk Program Ltd.	3.200%	7/13/31	1,950	1,780
					159,734
Uruguay (1.5%)
³	Oriental Republic of Uruguay	4.500%	8/14/24	2,864	2,918
³	Oriental Republic of Uruguay	4.375%	10/27/27	4,166	4,254
³	Oriental Republic of Uruguay	4.375%	1/23/31	7,100	7,288
³	Oriental Republic of Uruguay	7.875%	1/15/33	2,400	3,099
³	Oriental Republic of Uruguay	7.625%	3/21/36	3,115	4,079
³	Oriental Republic of Uruguay	4.125%	11/20/45	2,170	2,097
³	Oriental Republic of Uruguay	5.100%	6/18/50	12,067	12,664

Emerging Markets Government Bond Index Fund

		Coupon	Maturity Date	Face Amount ($000)	Market Value• ($000)
³	Oriental Republic of Uruguay	4.975%	4/20/55	7,609	7,781
					44,180
Uzbekistan (0.2%)
	Republic of Uzbekistan	4.750%	2/20/24	1,445	1,422
	Republic of Uzbekistan	5.375%	2/20/29	1,475	1,411
	Republic of Uzbekistan	3.700%	11/25/30	2,550	2,086
²	Republic of Uzbekistan	3.900%	10/19/31	950	781
	Republic of Uzbekistan	3.900%	10/19/31	200	163
					5,863
Vietnam (0.1%)
	Socialist Republic of Vietnam	4.800%	11/19/24	3,000	3,073
Zambia (0.2%)
⁶	Republic of Zambia	8.500%	4/14/24	2,930	2,213
⁶	Republic of Zambia	8.970%	7/30/27	3,825	2,847
					5,060
Total Sovereign Bonds (Cost $2,942,419)					2,498,641
				Shares
Temporary Cash Investments (0.6%)
Money Market Fund (0.6%)
⁹	Vanguard Market Liquidity Fund (Cost $19,156)	0.409%		191,590	19,157
Total Investments (98.7%) (Cost $3,469,213)					2,963,261
Other Assets and Liabilities—Net (1.3%)					38,181
Net Assets (100.0%)					3,001,442
Cost is in $000.

•	See Note A in Notes to Financial Statements.
1	Guaranteed by the Republic of Azerbaijan.
2	Security 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, 2022, the aggregate value was $196,445,000, representing 6.5% of net assets.
3	The average or expected maturity is shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or the possibility of the issue being called.
4	Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of April 30, 2022.
5	Step bond.
6	Non-income-producing security—security in default.
7	Securities with a value of $60,000 have been segregated as initial margin for open futures contracts.
8	Guaranteed by the Kingdom of United Arab Emirates.
9	Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.

Emerging Markets Government Bond Index Fund

Statement of Assets and Liabilities

As of April 30, 2022


($000s, except shares and per-share amounts)	Amount
Assets
Investments in Securities, at Value
Unaffiliated Issuers (Cost $3,450,057)	2,944,104
Affiliated Issuers (Cost $19,156)	19,157
Total Investments in Securities	2,963,261
Investment in Vanguard	109
Cash	310
Receivables for Investment Securities Sold	51,409
Receivables for Accrued Income	36,757
Receivables for Capital Shares Issued	360
Variation Margin Receivable—Futures Contracts	15
Total Assets	3,052,221
Liabilities
Payables for Investment Securities Purchased	49,920
Payables for Capital Shares Redeemed	468
Payables for Distributions	139
Payables to Vanguard	252
Total Liabilities	50,779
Net Assets	3,001,442

Emerging Markets Government Bond Index Fund

Statement of Assets and Liabilities (continued)
At April 30, 2022, net assets consisted of:
($000s, except shares and per-share amounts)	Amount
Paid-in Capital	3,701,580
Total Distributable Earnings (Loss)	(700,138)
Net Assets	3,001,442

ETF Shares—Net Assets
Applicable to 42,568,717 outstanding $.001 par value shares of beneficial interest (unlimited authorization)	2,782,167
Net Asset Value Per Share—ETF Shares	$65.36

Admiral Shares—Net Assets
Applicable to 11,061,734 outstanding $.001 par value shares of beneficial interest (unlimited authorization)	181,333
Net Asset Value Per Share—Admiral Shares	$16.39

Institutional Shares—Net Assets
Applicable to 1,443,001 outstanding $.001 par value shares of beneficial interest (unlimited authorization)	37,942
Net Asset Value Per Share—Institutional Shares	$26.29

See accompanying Notes, which are an integral part of the Financial Statements.

Emerging Markets Government Bond Index Fund

Statement of Operations


	Six Months Ended April 30, 2022
	($000)
Investment Income
Income
Interest¹	75,435
Total Income	75,435
Expenses
The Vanguard Group—Note B
Investment Advisory Services	29
Management and Administrative—ETF Shares	2,858
Management and Administrative—Admiral Shares	200
Management and Administrative—Institutional Shares	36
Marketing and Distribution—ETF Shares	51
Marketing and Distribution—Admiral Shares	5
Marketing and Distribution—Institutional Shares	1
Custodian Fees	30
Shareholders’ Reports—ETF Shares	63
Shareholders’ Reports—Admiral Shares	8
Shareholders’ Reports—Institutional Shares	—
Trustees’ Fees and Expenses	1
Other Expenses	8
Total Expenses	3,290
Net Investment Income	72,145
Realized Net Gain (Loss)
Investment Securities Sold^1,2	(128,540)
Futures Contracts	(205)
Realized Net Gain (Loss)	(128,745)
Change in Unrealized Appreciation (Depreciation)
Investment Securities¹	(455,724)
Futures Contracts	12
Change in Unrealized Appreciation (Depreciation)	(455,712)
Net Increase (Decrease) in Net Assets Resulting from Operations	(512,312)

1	Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $10,000, less than $1,000, less than $1,000, and $1,000, respectively. Purchases and sales are for temporary cash investment purposes.
2	Includes ($6,677,000) of net gain (loss) resulting from in-kind redemptions.

See accompanying Notes, which are an integral part of the Financial Statements.

Emerging Markets Government Bond Index Fund

Statement of Changes in Net Assets


	Six Months Ended April 30, 2022	Year Ended October 31, 2021
	($000)	($000)
Increase (Decrease) in Net Assets
Operations
Net Investment Income	72,145	122,751
Realized Net Gain (Loss)	(128,745)	27,409
Change in Unrealized Appreciation (Depreciation)	(455,712)	(70,850)
Net Increase (Decrease) in Net Assets Resulting from Operations	(512,312)	79,310
Distributions
ETF Shares	(65,730)	(106,958)
Admiral Shares	(4,714)	(9,798)
Institutional Shares	(933)	(1,721)
Total Distributions	(71,377)	(118,477)
Capital Share Transactions
ETF Shares	296,674	1,209,882
Admiral Shares	(22,864)	(1,061)
Institutional Shares	549	2,461
Net Increase (Decrease) from Capital Share Transactions	274,359	1,211,282
Total Increase (Decrease)	(309,330)	1,172,115
Net Assets
Beginning of Period	3,310,772	2,138,657
End of Period	3,001,442	3,310,772

See accompanying Notes, which are an integral part of the Financial Statements.

Emerging Markets Government Bond Index Fund

Financial Highlights

ETF Shares
For a Share Outstanding Throughout Each Period	Six Months Ended April 30, 2022	Year Ended October 31,
For a Share Outstanding Throughout Each Period	Six Months Ended April 30, 2022	2021	2020	2019	2018	2017
Net Asset Value, Beginning of Period	$78.02	$78.01	$80.38	$74.27	$80.73	$80.11
Investment Operations
Net Investment Income¹	1.591	3.190	3.551	3.738	3.411	3.713
Net Realized and Unrealized Gain (Loss) on Investments²	(12.661)	(.036)	(2.322)	6.044	(6.445)	.589
Total from Investment Operations	(11.070)	3.154	1.229	9.782	(3.034)	4.302
Distributions
Dividends from Net Investment Income	(1.590)	(3.144)	(3.599)	(3.672)	(3.426)	(3.682)
Distributions from Realized Capital Gains	—	—	—	—	—	—
Total Distributions	(1.590)	(3.144)	(3.599)	(3.672)	(3.426)	(3.682)
Net Asset Value, End of Period	$65.36	$78.02	$78.01	$80.38	$74.27	$80.73
Total Return	-14.41%	4.06%	1.65%	13.47%	-3.84%	5.56%
Ratios/Supplemental Data
Net Assets, End of Period (Millions)	$2,782	$3,024	$1,853	$1,538	$1,033	$1,002
Ratio of Total Expenses to Average Net Assets	0.20%	0.20%	0.25%	0.25%	0.30%	0.32%
Ratio of Net Investment Income to Average Net Assets	4.39%	4.02%	4.55%	4.79%	4.42%	4.67%
Portfolio Turnover Rate³	9%	16%	21%	48%	25%	19%
The expense ratio and net investment income ratio for the current period have been annualized.

1	Calculated based on average shares outstanding.
2	Includes increases from purchase fees of $.00, $.00, $.00, $.00, $0.04, and $0.07.
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.

Emerging Markets Government Bond Index Fund

Financial Highlights

Admiral Shares
For a Share Outstanding Throughout Each Period	Six Months Ended April 30, 2022	Year Ended October 31,
For a Share Outstanding Throughout Each Period	Six Months Ended April 30, 2022	2021	2020	2019	2018	2017
Net Asset Value, Beginning of Period	$19.58	$19.58	$20.16	$18.63	$20.24	$20.09
Investment Operations
Net Investment Income¹	.400	.806	.897	.939	.858	.934
Net Realized and Unrealized Gain (Loss) on Investments²	(3.189)	(.015)	(.586)	1.521	(1.613)	.150
Total from Investment Operations	(2.789)	.791	.311	2.460	(.755)	1.084
Distributions
Dividends from Net Investment Income	(.401)	(.791)	(.891)	(.930)	(.855)	(.934)
Distributions from Realized Capital Gains	—	—	—	—	—	—
Total Distributions	(.401)	(.791)	(.891)	(.930)	(.855)	(.934)
Net Asset Value, End of Period	$16.39	$19.58	$19.58	$20.16	$18.63	$20.24
Total Return³	-14.42%	4.04%	1.66%	13.46%	-3.80%	5.57%
Ratios/Supplemental Data
Net Assets, End of Period (Millions)	$181	$242	$243	$273	$256	$288
Ratio of Total Expenses to Average Net Assets	0.20%	0.20%	0.25%	0.25%	0.30%	0.32%
Ratio of Net Investment Income to Average Net Assets	4.37%	4.03%	4.57%	4.79%	4.42%	4.67%
Portfolio Turnover Rate⁴	9%	16%	21%	48%	25%	19%
The expense ratio and net investment income ratio for the current period have been annualized.

1	Calculated based on average shares outstanding.
2	Includes increases from purchase fees of $.00, $.00, $.00, $.00, $0.01, and $0.02.
3	Total returns do not include transaction or account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable transaction and account service fees.
4	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.

Emerging Markets Government Bond Index Fund

Financial Highlights

Institutional Shares
For a Share Outstanding Throughout Each Period	Six Months Ended April 30, 2022	Year Ended October 31,
For a Share Outstanding Throughout Each Period	Six Months Ended April 30, 2022	2021	2020	2019	2018	2017
Net Asset Value, Beginning of Period	$31.41	$31.40	$32.33	$29.88	$32.47	$32.24
Investment Operations
Net Investment Income¹	.645	1.298	1.443	1.522	1.380	1.508
Net Realized and Unrealized Gain (Loss) on Investments²	(5.119)	(.014)	(.938)	2.425	(2.596)	.238
Total from Investment Operations	(4.474)	1.284	.505	3.947	(1.216)	1.746
Distributions
Dividends from Net Investment Income	(.646)	(1.274)	(1.435)	(1.497)	(1.374)	(1.516)
Distributions from Realized Capital Gains	—	—	—	—	—	—
Total Distributions	(.646)	(1.274)	(1.435)	(1.497)	(1.374)	(1.516)
Net Asset Value, End of Period	$26.29	$31.41	$31.40	$32.33	$29.88	$32.47
Total Return³	-14.42%	4.10%	1.68%	13.46%	-3.82%	5.59%
Ratios/Supplemental Data
Net Assets, End of Period (Millions)	$38	$45	$42	$51	$19	$20
Ratio of Total Expenses to Average Net Assets	0.18%	0.18%	0.23%	0.23%	0.29%	0.29%
Ratio of Net Investment Income to Average Net Assets	4.40%	4.05%	4.59%	4.81%	4.43%	4.70%
Portfolio Turnover Rate⁴	9%	16%	21%	48%	25%	19%
The expense ratio and net investment income ratio for the current period have been annualized.

1	Calculated based on average shares outstanding.
2	Includes increases from purchase fees of $.00, $.00, $.00, $.00, $0.02, and $0.03.
3	Total returns do not include transaction or account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable transaction and account service fees.
4	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.

Emerging Markets Government Bond Index Fund

Notes to Financial Statements

Vanguard Emerging Markets Government Bond Index Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers three classes of shares: ETF Shares, Admiral Shares, and Institutional Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors. ETF Shares are listed for trading on Nasdaq; they can be purchased and sold through a broker.

The fund invests in securities of foreign issuers, which may subject it to investment risks not normally associated with investing in securities of U.S. corporations. Significant market disruptions, such as those caused by pandemics (e.g., COVID-19 pandemic), natural or environmental disasters, war (e.g., Russia’s invasion of Ukraine), acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance.

A.	The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements.

1. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Bonds and temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the board of trustees to represent fair value.

2. Futures Contracts: The fund uses futures contracts to invest in fixed income asset classes with greater efficiency and lower cost than is possible through direct investment, to add value when these instruments are attractively priced, or to adjust sensitivity to changes in interest rates. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of bonds held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.

Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on futures contracts.

Emerging Markets Government Bond Index Fund

During the six months ended April 30, 2022, the fund’s average investments in long and short futures contracts represented less than 1% of net assets, based on the average of the notional amounts at each quarter-end during the period.

3. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its taxable income. The fund’s tax returns are open to examination by the relevant tax authorities until expiration of the applicable statute of limitations, which is generally three years after the filing of the tax return. Management has analyzed the fund’s tax positions taken for all open federal and state income tax years, and has concluded that no provision for income tax is required in the fund’s financial statements.

4. Distributions: Distributions to shareholders are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.

5. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group ("Vanguard") participate in a $4.4 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes and are subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility, which are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at an agreed-upon spread plus the higher of the federal funds effective rate, the overnight bank funding rate, or the Daily Simple Secured Overnight Financing Rate inclusive of an additional agreed-upon spread. However, borrowings under the uncommitted credit facility may bear interest based upon an alternate rate agreed to by the fund and Vanguard.

In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by the fund’s investment objective and investment policies. Interfund loans and borrowings normally extend overnight but can have a maximum duration of seven days. Loans may be called on one business day’s notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.

For the six months ended April 30, 2022, the fund did not utilize the credit facilities or the Interfund Lending Program.

6. Other: Interest income includes income distributions received from Vanguard Market Liquidity Fund and is accrued daily. Premiums and discounts on debt securities are amortized and accreted, respectively, to interest income over the lives of the respective securities, except for premiums on certain callable debt securities that are amortized to the earliest call date. Security transactions are

Emerging Markets Government Bond Index Fund

accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold. Fees assessed on capital share transactions are credited to paid-in capital.

Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.

In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month.

Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At April 30, 2022, the fund had contributed to Vanguard capital in the amount of $109,000, representing less than 0.01% of the fund’s net assets and 0.04% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.

Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

Level 1—Quoted prices in active markets for identical securities.

Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.

Emerging Markets Government Bond Index Fund

The following table summarizes the market value of the fund’s investments and derivatives as of April 30, 2022, based on the inputs used to value them:

	Level 1 ($000)	Level 2 ($000)	Level 3 ($000)	Total ($000)
Investments
Assets
U.S. Government and Agency Obligations	—	1,840	—	1,840
Corporate Bonds	—	443,623	—	443,623
Sovereign Bonds	—	2,498,641	—	2,498,641
Temporary Cash Investments	19,157	—	—	19,157
Total	19,157	2,944,104	—	2,963,261
Derivative Financial Instruments
Assets
Futures Contracts¹	119	—	—	119
Liabilities
Futures Contracts¹	126	—	—	126

1	Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities.

D.	As of April 30, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:

	Amount ($000)
Tax Cost	3,469,671
Gross Unrealized Appreciation	937
Gross Unrealized Depreciation	(507,354)
Net Unrealized Appreciation (Depreciation)	(506,417)

The fund’s tax-basis capital gains and losses are determined only at the end of each fiscal year. For tax purposes, at October 31, 2021, the fund had available capital losses totaling $76,612,000 that may be carried forward indefinitely to offset future net capital gains. The fund will use these capital losses to offset net taxable capital gains, if any, realized during the year ending October 31, 2022; should the fund realize net capital losses for the year, the losses will be added to the loss carryforward balance above.

During the six months ended April 30, 2022, the fund purchased $687,271,000 of investment securities and sold $423,658,000 of investment securities, other than U.S. government securities and temporary cash investments. Purchases and sales of U.S. government securities were $47,366,000 and $45,350,000, respectively. Purchases and sales include $435,094,000 and $144,807,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares.

The fund purchased securities from and sold securities to other Vanguard funds or accounts managed by Vanguard or its affiliates, in accordance with procedures adopted by the board of trustees in compliance with Rule 17a-7 of the Investment Company Act of 1940. For the six

Emerging Markets Government Bond Index Fund

months ended April 30, 2022, such purchases were $799,000 and sales were $2,092,000, resulting in net realized loss of $91,000; these amounts, other than temporary cash investments, are included in the purchases and sales of investment securities noted above.

F.	Capital share transactions for each class of shares were:

	Six Months Ended April 30, 2022		Year Ended October 31, 2021
	Amount ($000)	Shares (000)	Amount ($000)	Shares (000)
ETF Shares
Issued¹	443,393	5,907	1,758,897	22,006
Issued in Lieu of Cash Distributions	—	—	—	—
Redeemed	(146,719)	(2,100)	(549,015)	(7,000)
Net Increase (Decrease)—ETF Shares	296,674	3,807	1,209,882	15,006
Admiral Shares
Issued¹	14,960	817	37,672	1,880
Issued in Lieu of Cash Distributions	3,846	212	8,085	406
Redeemed	(41,670)	(2,316)	(46,818)	(2,342)
Net Increase (Decrease)—Admiral Shares	(22,864)	(1,287)	(1,061)	(56)
Institutional Shares
Issued¹	10,003	340	5,306	165
Issued in Lieu of Cash Distributions	933	32	1,721	54
Redeemed	(10,387)	(356)	(4,566)	(144)
Net Increase (Decrease)—Institutional Shares	549	16	2,461	75

1	Includes purchase fees for fiscal 2022 and 2021 of $164,000 and $335,000, respectively (fund totals).

G.	Management has determined that no events or transactions occurred subsequent to April 30, 2022, that would require recognition or disclosure in these financial statements.

Trustees Approve Advisory Arrangement

The board of trustees of Vanguard Emerging Markets Government Bond Index Fund has renewed the fund’s investment advisory arrangement with The Vanguard Group, Inc. (Vanguard), through its Fixed Income Group. The board determined that continuing the fund’s internalized management structure was in the best interests of the fund and its shareholders.

The board based its decision upon an evaluation of the advisor’s investment staff, portfolio management process, and performance. This evaluation included information provided to the board by Vanguard’s Portfolio Review Department, which is responsible for fund and advisor oversight and product management. The Portfolio Review Department met regularly with the advisor and made monthly presentations to the board during the fiscal year that directed the board’s focus to relevant information and topics.

The board, or an investment committee made up of board members, also received information throughout the year during advisor presentations. For each advisor presentation, the board was provided with letters and reports that included information about, among other things, the advisory firm and the advisor’s assessment of the investment environment, portfolio performance, and portfolio characteristics.

In addition, the board received periodic reports, which included information about the fund’s performance relative to its peers and benchmark, as applicable, and updates, as needed, on the Portfolio Review Department’s ongoing assessment of the advisor.

Prior to their meeting, the trustees were provided with a memo and materials that summarized the information they received over the course of the year. They also considered the factors discussed below, among others. However, no single factor determined whether the board approved the arrangement. Rather, it was the totality of the circumstances that drove the board’s decision.

Nature, extent, and quality of services

The board reviewed the quality of the investment management services provided to the fund since its inception in 2013; it also took into account the organizational depth and stability of the advisor. The board considered that Vanguard has been managing investments for more than four decades. The Fixed Income Group adheres to a sound, disciplined investment management process; the team has considerable experience, stability, and depth.

The board concluded that Vanguard’s experience, stability, depth, and performance, among other factors, warranted continuation of the advisory arrangement.

Investment performance

The board considered the short- and long-term performance of the fund, including any periods of outperformance or underperformance compared with its target index and peer group. The board concluded that the performance was such that the advisory arrangement should continue.

Cost

The board concluded that the fund’s expense ratio was below the average expense ratio charged by funds in its peer group and that the fund’s advisory expenses were also below the peer-group average.

Liquidity Risk Management

Vanguard funds (except for the money market funds) have adopted and implemented a written liquidity risk management program (the “Program”) as required by Rule 22e-4 under the Investment Company Act of 1940. Rule 22e-4 requires that each fund adopt a program that is reasonably designed to assess and manage the fund’s liquidity risk, which is the risk that the fund could not meet redemption requests without significant dilution of remaining investors’ interests in the fund.

Assessment and management of a fund’s liquidity risk under the Program take into consideration certain factors, such as the fund’s investment strategy and the liquidity of its portfolio investments during normal and reasonably foreseeable stressed conditions, its short- and long-term cash-flow projections during both normal and reasonably foreseeable stressed conditions, and its cash and cash-equivalent holdings and access to other funding sources. As required by the rule, the Program includes policies and procedures for classification of fund portfolio holdings in four liquidity categories, maintaining certain levels of highly liquid investments, and limiting holdings of illiquid investments.

The board of trustees of Vanguard Whitehall Funds approved the appointment of liquidity risk management program administrators responsible for administering Vanguard Emerging Markets Government Bond Index Fund’s Program and for carrying out the specific responsibilities set forth in the Program, including reporting to the board on at least an annual basis regarding the Program’s operation, its adequacy, and the effectiveness of its implementation for the past year (the “Program Administrator Report”). The board has reviewed the Program Administrator Report covering the period from January 1, 2021, through December 31, 2021 (the “Review Period”). The Program Administrator Report stated that during the Review Period the Program operated and was implemented effectively to manage the fund’s liquidity risk.

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You can obtain a free copy of Vanguard’s proxy voting guidelines by visiting vanguard.com/proxyreporting or by calling Vanguard at 800-662-2739. The guidelines are also available from the SEC’s website, www.sec.gov. In addition, you may obtain a free report on how your fund voted the proxies for securities it owned during the 12 months ended June 30. To get the report, visit either vanguard.com/proxyreporting or www.sec.gov.

You can review information about your fund on the SEC’s website, and you can receive copies of this information, for a fee, by sending a request via email addressed to [email protected].

Q11202 062022

Futures Contracts
			($000)
	Expiration	Number of Long (Short) Contracts	Notional Amount	Value and Unrealized Appreciation (Depreciation)
Long Futures Contracts
2-Year U.S. Treasury Note	June 2022	2	422	(2)
5-Year U.S. Treasury Note	June 2022	34	3,831	4
10-Year U.S. Treasury Note	June 2022	8	953	1
Ultra 10-Year U.S. Treasury Note	June 2022	18	2,322	(124)
				(121)
Short Futures Contracts
Long U.S. Treasury Bond	June 2022	(8)	(1,126)	113
Ultra Long U.S. Treasury Bond	June 2022	(5)	(802)	1
				114
				(7)

About Your Fund’s Expenses	1
Financial Statements	4
Trustees Approve Advisory Arrangement	35
Liquidity Risk Management	37

Mexico	9.7%
Saudi Arabia	9.1
Indonesia	7.0
Turkey	6.5
United Arab Emirates	6.3
Qatar	5.4
China	5.3
Brazil	3.8
Colombia	3.4
Philippines	3.2
Oman	2.6
Peru	2.4
Panama	2.4
Chile	2.3
Dominican Republic	2.3
Argentina	2.3
Egypt	2.2
South Africa	2.0
Bahrain	2.0
Uruguay	1.5
Malaysia	1.4
Nigeria	1.3
Ecuador	1.1
Other	14.5