Investment Objective
The Portfolio seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in emerging market countries.Investment Strategy
The Portfolio invests substantially all its assets in the Vanguard Emerging Markets Stock Index Fund. The Fund employs an indexing investment approach designed to track the performance of the FTSE Emerging Markets All Cap China A Inclusion Index, a market-capitalization-weighted index that is made up of approximately 4,100 common stocks of large-, mid-, and small-cap companies located in emerging markets around the world. The Fund invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the index in terms of key characteristics. These key characteristics include industry weightings and market capitalization, as well as certain financial measures, such as price/earnings ratio and dividend yield.Investment Risks
China A-Shares Risk, Country/Regional Risk, Currency Risk, Emerging Markets Risk, Index Sampling Risk, and Stock Market Risk. These risks are discussed under Vanguard Investment Risks, per the disclosure booklet.
