Vanguard® International Shares Index Fund (Hedged) AUD Class Vanguard fund profile At a glance Investment objective As at 30 September 2014 The Vanguard Index Hedged International Shares Fund seeks to track the return of the MSCI World ex-Australia Index (with net dividends reinvested) hedged into Australian dollars before taking into account fees, expenses and tax. APIR code Management costs Buy spread Sell spread Commencement Minimum investment (wholesale) Income distribution VAN0105AU 0.21% p.a. +0.18% –0.13% 2 August 2000 $500,000 (no minimums apply for platforms) The index The MSCI World ex-Australia Index comprises securities (shares) listed on the exchanges of the world’s major developed economies. Quarterly Investment policy The Vanguard® International Shares Index Fund (Hedged) – AUD Class meets its investment strategy by investing in the Vanguard International Shares Index Fund, forward foreign exchange contracts and futures. Vanguard may, at its discretion, commence investing directly in the securities that are, have been or are expected to be in the index. * The fund is exposed to all of the securities in the index most of the time, allowing for individual security weightings to vary marginally from the index from time to time. The fund may be exposed to securities that have been removed from or are expected to be included in the index. Connect with Vanguard™ > vanguard.com.au ® Vanguard International Shares Index Fund (Hedged) - AUD Class Dated 30 September 2014 Overview Holdings Fund Fund size (AUD) Inception date Management costs Buy/sell spread No. of securities Benchmark5 Underlying fund Benchmark $3,257.6 million 2 August 2000 0.21% p.a +0.18% / -0.13% 1,545 1,543 MSCI World ex-Australia Index (with net dividends reinvested) hedged into Australian dollars Vanguard International Shares Index Fund Performance return1,2 (%) 1 month 3 months 6 months 1 year 3 years (pa) 5 years (pa) 10 years (pa) Inception (pa) Fund Gross Bmk -0.64 1.58 6.85 18.66 23.02 15.01 9.05 4.73 -0.68 1.48 6.68 18.30 22.69 14.72 8.87 4.64 Fund Total Dist Growth -0.66 1.52 6.74 18.41 22.70 14.65 8.68 4.37 0.00 0.00 0.52 0.58 1.78 6.26 6.46 6.06 -0.66 1.52 6.22 17.83 20.92 8.39 2.22 -1.69 Year to year gross return1,2 (%) Dec - Dec YTD 2014 2013 2012 2011 June - June Fund Bmk Fund Bmk 8.52 n/a 32.50 19.03 -1.65 8.24 n/a 32.25 18.72 -1.92 1.58 24.91 24.91 0.67 27.05 1.48 24.64 24.56 0.42 26.72 Unit prices3 $0.7856 NB: Special buy/sell spread applied Income distribution 30 September 2014 Country 1 Apple United States 2 Exxon Mobil United States 3 Microsoft United States 4 Johnson & Johnson United States 5 Wells Fargo & Co United States 6 General Electric United States 7 Nestle Switzerland 8 JP Morgan Chase United States 9 Procter & Gamble United States 10 Chevron United States The Top 10 holdings represent 9.8% of the underlying fund Regional allocation6 (%) 62.5 62.5 North America 18.3 18.3 Europe ex UK 8.5 8.5 Japan 8.7 8.7 UK Asia Pacific (ex AUS ex JPN) 1.8 1.8 Australia 0.0 0.0 Middle East 0.2 0.2 Emerging Markets 0.0 0.0 Other 0.0 0.0 Sector allocation6 (%) 9.4 9.4 Energy 5.1 5.1 Materials Net asset value Quarter ended Top 10 holdings Purchase Withdrawal $0.7856 $0.7853 11.1 11.1 Industrials Consumer Discretionary 4 Amount (CPU) Reinvestment price nil n/a 12.0 12.1 9.7 9.7 Consumer Staples 12.6 12.6 Health Care Notes 1. Past performance is not an indication of future performance 2. Returns assume reinvestment of all distributions. Returns for periods longer than 1 year are annualised. Fund gross returns are before management costs and taxes, but after transaction and operational costs. Fund total return is the fund gross return less management costs. Index returns do not allow for taxes, management, transaction and operational costs. 3. Month end cumulative-distribution 4. Past distributions are not an indication of future distributions 5. Benchmark is calculated by Vanguard using MSCI data and methodology 6. Figures as per underlying fund 19.9 19.8 Financials 13.4 13.4 Information Technology Telecom. Services 3.5 3.5 Utilities 3.3 3.3 Connect with VanguardTM > vanguard.com.au > 1300 655 102 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. © 2014 Vanguard Investments Australia Ltd. All rights reserved.