Investment

International Property Securities

Investment details and fees

Minimum investment amounts

Initial investment$500,000

Additional investmentsNil

Holding balanceNil

Switch/withdrawalNil

Buy/sell spread

Purchase0.30%

Withdrawal0.30%

Management costs

Management costs0.40% p.a

Ratings

Standard & Poor'sFour Stars

MorningstarRecommended

Download a fund factsheet

More than 90 per cent of the world's property securities investment opportunities are located overseas. Because there is a low correlation between Australian and overseas property markets, adding international property to an Australian property securities portfolio can improve your risk/return profile.

Vanguard's International Property Securities Index Fund provides a low cost way to access international property markets. Investing in around 200 property securities listed on the exchanges of 17 of the world's major economies, the fund provides a level of diversification not available in the Australian property market. The fund excludes Australia, so investors can add international property to their existing Australian property investments to create a truly global property portfolio.Because the fund is unhedged the fund achieves currency diversification as well.

Who it may suit

long-term investors (usually five years plus)
investors seeking long-term capital growth and income
investors seeking a low-cost, diversified way to access this emerging asset class
those wanting to increase diversification in the property asset class
self managed super funds

Objectives

To match the return (income and capital appreciation) of the UBS Global Real Estate Investors Index ex-Australia (with net dividends reinvested) in Australian dollars before taking into account fund fees and expenses.

Benefits

Diversification

offers a level of sector and geographical diversification not available in Australia
invests in around 200 property securities listed on the exchanges of 17 of the world's major economies
excludes Australia so investors can add to their existing property exposure for a truly global portfolio

Long-term capital growth potential and income

diversified approach can improve returns and lower risk yield derived from rental income
quarterly income distribution

Unhedged currency exposure

provides currency diversification

Low fees

low management costs (around half the industry median)
no entry fees other than usual buy/sell spreads

Flexibility

easily switch funds with no costs other than usual buy/sell spreads
no minimum additional investment requirements mean you can add to your investment as much and as often as you like

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Resources

Managed over $500,000 - Funds at a Glance*

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Cash Cash Funds maintain liquidity and are lower risk when used as part of diversified investment strategy.

	Index/ Benchmark	Management Costs	Buy/Sell Spreads	Fund Size	No. of Securities in a fund	Income Distributions	Ratings and Recommendations
	Index/ Benchmark	Management Costs	Buy/Sell Spreads	Fund Size	No. of Securities in a fund	Income Distributions	Standard & Poors	Morningstar	Lonsec
Vanguard® Cash Reserve Fund	UBS Australia Bank Bill Index	0.15% p.a	Nil	$959.3m	50	Monthly	4 Stars	-	-
Vanguard® Cash Plus Fund	A customised Index, the Vanguard Cash Plus Index	0.29% p.a	Nil	$892.1m	54	Monthly	3 Stars	-	-

Fixed Interest Fixed interest funds play an important role in a balanced portfolio, providing broad diversification.

	Index/ Benchmark	Management Costs	Buy/Sell Spreads	Fund Size	No. of Securities in a fund	Income Distributions	Ratings and Recommendations
	Index/ Benchmark	Management Costs	Buy/Sell Spreads	Fund Size	No. of Securities in a fund	Income Distributions	Standard & Poors	Morningstar	Lonsec
Vanguard® Australian Government Bond Index Fund	UBS Government Bond Index	0.29% p.a	0.10%/ 0.10	$45.3m	36	Quarterly	4 Stars	-	-
Vanguard® Australian Fixed Interest Index Fund	UBS Australian Composite Bond Index	0.29% p.a	0.20%/ 0.20	$1,933.0m	333	Quarterly	4 Stars	-	Highly Recommended
Vanguard® International Fixed Interest Index Fund (Hedged)	Barclays Capital Global Treasury Index in $A (Hedged)	0.34% p.a	0.20%/ 0.20	$2,695.6m	473	Quarterly	4 Stars	-	Recommended
Vanguard® International Credit Securities Index Fund (Hedged)	Barclays Capital Global Aggregate Government-related and Corporate Index in $A (Hedged)	0.34% p.a.	0.40%/ 0.40%	$218.5m	625	Quarterly	-	-	-

PropertyProperty securities combine growth and income asset attributes, traditionally providing capital growth potential.

	Index/ Benchmark	Management Costs	Buy/Sell Spreads	Fund Size	No. of Securities in a fund	Income Distributions	Ratings and Recommendations
	Index/ Benchmark	Management Costs	Buy/Sell Spreads	Fund Size	No. of Securities in a fund	Income Distributions	Standard & Poors	Morningstar	Lonsec
Vanguard® Australian Property Securities Index Fund	S&P/ASX 300 A-REIT Index	0.34% p.a	0.20%/ 0.20%	$1,174.0m	26	Quarterly	4 Stars	Highly Recommended	Highly Recommended
Vanguard® International Property Securities Index Fund	UBS Global Real Estate Investors Index ex-Australia in $A	0.40% p.a	0.30%/ 0.30%	$215.0m	216	Quarterly	4 Stars	Recommended	-
Vanguard® International Property Securities Index Fund (Hedged)	UBS Global Real Estate Investors Index ex-Australia in $A (Hedged)	0.43% p.a	0.40%/ 0.40%	$147.8m	216	Quarterly	4 Stars	Recommended	Recommended

Australian Shares Australian Shares provide a tax-effective income while capital grows over time.

	Index/ Benchmark	Management Costs	Buy/Sell Spreads	Fund Size	No. of Securities in a fund	Income Distributions	Ratings and Recommendations
	Index/ Benchmark	Management Costs	Buy/Sell Spreads	Fund Size	No. of Securities in a fund	Income Distributions	Standard & Poors	Morningstar	Lonsec
Vanguard® Australian Shares Index Fund	S&P/ASX 300 Index	0.34% p.a	0.20%/ 0.10%	$3,042.8m	270	Quarterly	4 Stars	Recommended	Recommended
Vanguard® Australian Shares High Yield Fund	S&P/ASX 200 ex-A-REIT Index	0.40% p.a	0.20%/ 0.10%	$219.6m	104	Monthly	4 Stars	Investment Grade	Recommended
Vanguard® Sustainability Leaders Australian Shares Fund	S&P/ASX 200 Index	0.50% p.a	0.20%/ 0.20%	$149.0m	72	Quarterly	-	-	-

International Shares International Shares provide diversification across countries, industries and companies which help lower risk.

	Index/ Benchmark	Management Costs	Buy/Sell Spreads	Fund Size	No. of Securities in a fund	Income Distributions	Ratings and Recommendations
	Index/ Benchmark	Management Costs	Buy/Sell Spreads	Fund Size	No. of Securities in a fund	Income Distributions	Standard & Poors	Morningstar	Lonsec
Vanguard® International Shares Index Fund	MSCI World ex-Australia Index in $A	0.36% p.a	0.30%/ 0.10%	$3,787.4m	1,429	Quarterly	4 Stars	Recommended	Recommended
Vanguard® International Shares Index Fund (Hedged)	MSCI World ex-Australia Index in $A	0.39% p.a	0.40%/ 0.20%	$1,340.1m	1,429	Quarterly	4 Stars	Recommended	Recommended
Vanguard® Emerging Markets Shares Index Fund	MSCI Emerging Markets Index ex-Columbia and Pakistan in $A	0.56% p.a	0.75%/ 1.00%	$294.5m	688	Quarterly	4 Stars	-	-
Vanguard® International Small Companies Index Fund	MSCI Small Cap ex-Australia Index	0.39% p.a	0.35%/ 0.25%	$81.4m	2,177	Quarterly	4 Stars	-	-
Vanguard® International Small Companies Index Fund (Hedged)	MSCI Small Cap ex-Australia Index (Hedged) in $A	0.42% p.a	0.45%/ 0.35%	$73.3m	2,177	Quarterly	4 Stars	-	-
Vanguard® Global Infrastructure Fund	A customised Index, the Vanguard Global Infrastructure Index	0.49% p.a	0.30%/ 0.30%	$54.3m	114	Quarterly	4 Stars	Recommended	Recommended (Upper)
Vanguard® Global Infrastructure Fund (Hedged)	A customised Index, the Vanguard Global Infrastructure Index in $A (Hedged)	0.52% p.a	0.40%/ 0.40%	$49.3m	114	Quarterly	4 Stars	Recommended	Recommended (Upper)
Vanguard® Sustainability Leaders International Shares Fund	MSCI World ex-Australia Index	0.52% p.a	0.30%/ 0.30%	$153.7m	277	Quarterly	-	-	-

Diversified Diversified funds invest in a blend of Vanguard index funds covering cash, fixed interest, property and shares.

	Index/ Benchmark	Management Costs	Buy/Sell Spreads	Fund Size	No. of Securities in a fund	Income Distributions	Ratings and Recommendations
	Index/ Benchmark	Management Costs	Buy/Sell Spreads	Fund Size	No. of Securities in a fund	Income Distributions	Standard & Poors	Morningstar	Lonsec
Vanguard ® Conservative Index Fund	30% growth and 70% income (Weighted average of target indexes of Vanguard Index Funds)	0.33% p.a	0.15%/ 0.10%	$71.1	n/a	Quarterly	4 Stars	Highly Recommended	Recommended
Vanguard® Balanced Index Fund	50% growth and 50% income (Weighted average of target indexes of Vanguard Index Funds)	0.34% p.a	0.20%/ 0.15%	$74.6m	n/a	Quarterly	4 Stars	Highly Recommended	Recommended
Vanguard® Growth Index Fund	70% growth and 30% income (Weighted average of target indexes of Vanguard Index Funds)	0.36% p.a	0.25%/ 0.15%	$94.4m	n/a	Quarterly	4 Stars	Highly Recommended	Recommended
Vanguard® High Growth Index Fund	90% growth and 10% income (Weighted average of target indexes of Vanguard Index Funds)	0.37% p.a	0.30%/-0.20%	$49.6m	n/a	Quarterly	4 Stars	Highly Recommended	Recommended

* Information correct as of June 1 2009.