Vanguard FTSE Europe ETF seeks to track the performance of the MSCI Europe Index. The Fund employs an indexing investment approach by investing all, or
substantially all, of its assets in the common stocks included in the FTSE
Developed Europe Index. The FTSE Developed Europe Index is made up of approximately 511 common stocks of companies located in 17 European countries%u2014mostly companies in the United Kingdom, France, Switzerland, and
Germany (which made up approximately 33%, 15%, 13%, and 13%,respectively, of the Index%u2019s market capitalization as of January 31, 2013). Other countries represented in the Index include Austria, Belgium, Denmark, Finland,Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain,and Sweden.
||FTSE Developed Europe Index