Vanguard International Explorer Fund Investor Shares 

This fund invests in smaller companies that are expected to grow at a faster pace than the overall market. The fund primarily invests in the developed European and Pacific markets, with a small portion of the fund invested in emerging markets. The fund invests in more than 300 stocks in over 20 countries. In addition to stock market, investment style, and manager risk, the fund is also subject to currency risk and country risk. The fund may also experience heightened volatility because of its focus on small-cap stocks, which tend to be more volatile than larger stocks. Long-term investors looking to complement an already diversified international portfolio may wish to consider this fund.