Fund Description: Vanguard FTSE Europe ETF, formerly Vanguard MSCI Europe ETF, formerly Vanguard European ETF, formerly Vanguard European VIPERs, is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Vanguard International Equity Index Funds an open-end investment management company. INVESTMENT OBJECTIVE: The Vanguard FTSE Europe ETF seeks to track the performance of the FTSE Developed Europe Index, formerly MSCI Europe Index. INDEX DESCRIPTION: The FTSE Developed Europe Index is made up of approximately 511 common stocks of companies located in 17 European countries, mostly companies in the United Kingdom, France, Switzerland, and Germany (which made up approximately 33%, 15%, 13%, and 13%, respectively, of the Index’s 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. FUND STRATEGY: The Fund employs a passive management or indexing investment approach designed to track the performance of the Index. As its primary indexing strategy, the Fund attempts to replicate the Index by investing all, or substantially all, of its assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index. The Fund may use a sampling strategy if regulatory constraints or other considerations prevent it from replicating the Index. FUND MANAGEMENT: The Vanguard Group, Inc serves as investment advisor to the Fund.