Investment

Vanguard All-World ex-US Shares Index ETF

Investing internationally offers investment diversification and provide access to industries and companies not available in Australia. After all, Australia represents less than 3% of the total world sharemarket.

International shares are considered higher risk, higher return investments and are suited to longer-term investors (seven years plus).

The Vanguard All-World ex-US Shares Index ETF seeks to track the performance of the benchmark FTSE® All-World ex US Index, a free-float-adjusted market capitalisation-weighted index, designed to measure the investment return of international markets. This index includes approximately 2,200 stocks of companies located in 46 countries, including both the developed and emerging markets.

VEU is invested in international shares so there is a possibility that the value of a foreign investment, measured in Australian dollars, will decrease because of unfavourable changes in the currency exchange rates.

""FTSE®", "FT-SE®" and "Footsie®" are trademarks jointly owned by the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited under licence. "All-World", "All-Share" and "All-Small" are trademarks of FTSE International Limited. The FTSE All-World ex-US Index is calculated by FTSE International Limited. FTSE International Limited does not sponsor, endorse or promote this product and is not in any way connected to it and does not accept any liability in relation to its issue, operation and trading".

Exchange Traded Funds (ETFs) at a Glance*

Australian Shares  
  ASX Code Benchmark Local / International ETF Fee
(per annum)
Distribution Schedule Lonsec
Rating
Product Profile
Vanguard Australian Shares Index ETF VAS S&P/ ASX 300 Index Local 0.27% Quarterly Approved
International Shares  
  ASX Code Benchmark Local / International ETF Fee
(per annum)
Distribution Schedule Lonsec
Rating
Product Profile
Vanguard US Total Market Shares Index ETF VTS MSCI US Broad Market Index International 0.07% Quarterly Approved
Vanguard All-World ex-US Shares Index ETF VEU FTSE All-World ex-US Index International 0.25% Annually (December) Approved

* Information correct as of Apr 15 2009.

GENERAL ADVICE WARNING

Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) is the product issuer. We have not taken your circumstances into account when preparing the above information so it may not be applicable to your circumstances. You should consider your circumstances and our Product Disclosure Statement (PDS) before making any investment decision. You can access our PDS on our website or by calling us. This information was prepared in good faith and we accept no liability for any errors or omissions. Past performance is not an indication of future performance.

We are the trustee of: Vanguard® Personal Superannuation Plan ABN 81 550 468 553 / Vanguard® LifeStrategy® Index PST - Conservative ABN 73 765 732 050 / Vanguard ® LifeStrategy® Index PST – Balanced ABN 23 846 775 905 / Vanguard ® LifeStrategy® Index PST - Growth ABN 95 836 361 772 / Vanguard® LifeStrategy® Index PST – High Growth ABN 61 378 605 876.

© 2010 Vanguard Investments Australia Ltd. ‘Vanguard’, ‘Vanguard Investments’, ‘LifeStrategy’ and the ship logo are the trademarks of The Vanguard Group, Inc.