Investment

Vanguard US Total Market Shares Index ETF

Investing internationally offers investment diversification and access to industries and companies not available in Australia. After all, the Australian sharemarket represents less than 3% of the total world sharemarket while the US market accounts for approximately 55%.*

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

The Vanguard US Total Market Shares Index ETF seeks to track the performance of the overall U.S. stockmarket using the benchmark MSCI® US Broad Market Index which represents approximately 99.5% of the total market capitalisation of all the U.S. common stocks regularly traded on the New York and American Stock Exchanges and the NASDAQ over-the-counter market.  This ETF invests all, or substantially all, of its assets in a representative sample of the stocks that make up this index.

VTS is invested in US 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.


* MSCI ex Australia as at end February’09.

Exchange Traded Funds (ETFs) at a Glance*

Australian Shares-
 ASX CodeBenchmarkLocal / InternationalETF Fee (per annum)Distribution ScheduleLonsec
Rating
Vanguard Australian Shares Index ETF VAS S&P/ ASX 300 Index Local 0.27% Quarterly Approved
International Shares-
 ASX CodeBenchmarkLocal / InternationalETF Fee (per annum)Distribution ScheduleLonsec
Rating
Vanguard US Total Market Shares Index ETF VTS MSCI US Broad Market Index International 0.09% 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 / RSE Licence L0001335) 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.

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