Vanguard FTSE Emerging Markets 

Invests in stocks of companies located in emerging markets around the world, such as China, Brazil, Taiwan, and South Africa.Goal is to closely track the return of the FTSE Emerging Markets All Cap China A Inclusion Index.Has high potential for growth, but also high risk; share value may swing up and down more than that of stock funds that invest in developed countries, including the United States.Only appropriate for long-term goals.With respect to 75% of its total assets, the fund may not: (1) purchase more than 10% of the outstanding voting securities of any one issuer or (2) purchase securities of any issuer if, as a result, more than 5% of the fund’s total assets would be invested in that issuer’s securities; except as may be necessary to approximate the composition of its target index. This limitation does not apply to obligations of the U.S. government or its agencies or instrumentalities.