Fund Description: Vanguard Emerging Markets Government Bond ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Vanguard Whitehall Funds, an investment management company. INVESTMENT OBJECTIVE: The Vanguard Emerging Markets Government Bond ETF seeks to track the performance of the Barclays USD Emerging Markets Government RIC Capped Index. INDEX DESCRIPTION: The Barclays USD Emerging Markets Government RIC Capped Index includes U.S. dollar-denominated bonds that have maturities longer than one year and that were issued by emerging market governments and government agencies, as well as government-owned corporations. The Index is capped, which means that its exposure to any particular bond issuer is limited to a maximum of 20%, and its aggregate exposure to issuers that individually constitute 5% or more of the Index is limited to 48%. If the Index, as constituted based on market weights, would exceed the 20% or 48% limit, the excess is reallocated to bonds of other issuers represented in the Index. FUND STRATEGY: The Fund employs an indexing investment approach designed to track the performance of the Index. The Fund invests by sampling the Index, meaning that it holds a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. All of the Fund’s investments will be selected through the sampling process, and at least 80% of the Fund’s assets will be invested in bonds included in the Index. The Fund maintains a dollar-weighted average maturity consistent with that of the Index, which generally ranges between 10 and 15 years and, as of March 31, 2013, was 10.7 years. FUND MANAGEMENT: The Vanguard Group, Inc. serves as Investment Advisor to the Fund.