Investment

International Shares (Hedged)

Investment details and fees

Fund commenced 19 Jan 2001

Minimum investment amounts

Initial investment$5,000

Additional investment - cheque$1,000

Additional investment - BPAY®$100

Minimum account balance$3,000

Minimum withdrawal or switch$1,000

Fees and costs

Establishment feeNil

Application/contribution feeNil

Withdrawal feeNil

Termination feeNil

Switching feeNil

Management costs

First $50,0000.90% p.a

Next $50,0000.60% p.a

Balance over $100,0000.35% p.a

Buy spread cost (purchase)0.35%

Sell spread cost (withdrawal)0.15%

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Fund ratings

Standard & Poor's Four Stars

Investing internationally can increase your diversification and provide access to companies and industries not available in Australia. After all, the Australian market represents less than 3% of total global shares.

The Vanguard Index Hedged International Shares Fund invests in most of the securities in the target index providing maximum diversification. The fund is hedged to Australian dollars so the return of the fund is relatively unaffected by currency fluctuations.

Who it may suit

long-term investors (usually seven years plus)
investors seeking long-term capital growth
investors using a core/satellite strategy seeking an index fund for the core of their international shares portfolio
investors seeking an international investment without the currency impact
self managed super funds
higher income earners using a gearing strategy
those wanting to add diversification by investing overseas

Objectives

To match the return (income and capital appreciation) of the MSCI World ex-Australia Index (with net dividends reinvested) hedged to Australian dollars, before taking into account fund fees and expenses.

Benefits

Diversification and long-term capital growth potential

the MSCI World ex-Australia Index comprises approximately 1,600 securities (shares) listed on exchanges of 22 of the world’s major developed economies
provides diversification and the potential for long-term capital growth

Access investment opportunities not available in Australia

provides access to some of the world's largest companies. You can also access new and growing industries not represented in Australia.

Fully hedged into Australian dollars

protects against currency fluctuations

Low scaled fees

low management fees and no entry or exit fees (other than buy/sell spread costs)
scaled management fees apply to balances over $50,000

Regular savings plan

once you've opened your investment with $5,000 or more, you can use BPAY® to start a regular investment plan with as little as $100

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Managed funds up to $500,000 - Funds at a Glance*

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Cash Cash funds suit investors who prefer capital stability and regular income to long-term growth.

	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Management Costs
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	For first $50,000	For next $50,000	Balance over $100,000
Vanguard® Index Cash Plus Fund	A customised Index, the Vanguard Cash Plus Index	$5,000	Nil	Withdrawals are normally paid within four business days	Quarterly	Nil	0.70% p.a	0.50% p.a	0.35% p.a

Fixed Interest Fixed interest funds suit short to medium-term investors seeking a steady and reliable income stream.

	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Management Costs
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	For first $50,000	For next $50,000	Balance over $100,000
Vanguard® Index Diversified Bond Fund	A customised Index comprising a 40% allocation to Australian fixed interest securities (bonds) and 60% allocation to international bonds.	$5,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.16%/ 0.16%	0.75% p.a	0.50% p.a	0.35% p.a

PropertyProperty trusts suit investors with a long-term time frame (five years plus).

	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Management Costs
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	For first $50,000	For next $50,000	Balance over $100,000
Vanguard® Index Australian Property Securities Fund	S&P/ASX 300 A-REIT Index	$5,000	Nil	Withdrawals are normally paid within four business days	Half Yearly	0.20%/ 0.20%	0.90% p.a	0.60% p.a	0.35% p.a

Australian Shares Shares are high risk and generally suited to longer-term investors (seven years plus)

	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Management Costs
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	For first $50,000	For next $50,000	Balance over $100,000
Vanguard® Index Australian Shares Fund	S&P/ASX 300 Index	$5,000	Nil	Withdrawals are normally paid within four business days	Half Yearly	0.20%/ 0.10%	0.75% p.a	0.50% p.a	0.35% p.a
Vanguard® High Yield Australian Shares Fund	FTSE ASFA Australia High Dividend Yield Index	$5,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.20%/ 0.10%	0.90% p.a	0.60% p.a	0.45% p.a

International Shares International shares are high risk generally suited to longer-term investors (seven years plus)

	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Management Costs
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	For first $50,000	For next $50,000	Balance over $100,000
Vanguard® Index International Shares Fund	MSCI World ex-Australia Index in AUD	$5,000	Nil	Withdrawals are normally paid within four business days	Half Yearly	0.30%/ 0.10%	0.90% p.a	0.60% p.a	0.35% p.a
Vanguard® Index Hedged International Shares Fund	MSCI World ex-Australia Index hedged to AUD	$5,000	Nil	Withdrawals are normally paid within four business days	Half Yearly	0.35%/ 0.15%	0.90% p.a	0.60% p.a	0.35% p.a

Diversified Diversified funds allow investors to select the portfolio that best matches their risk profile.

	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Management Costs
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	For first $50,000	For next $50,000	Balance over $100,000
Vanguard® LifeStrategy® Conservative Fund	70% income and 30% growth (Weighted average of target indexes of the underlying Vanguard Wholesale Index Funds)	$5,000	Nil	Withdrawals are normally paid within four business days	Half Yearly	0.12%/ 0.09%	0.90% p.a	0.60% p.a	0.35% p.a
Vanguard® LifeStrategy® Balanced Fund	50% income and 50% growth (Weighted average of target indexes of the underlying Vanguard Wholesale Index Funds)	$5,000	Nil	Withdrawals are normally paid within four business days	Half Yearly	0.18%/ 0.12%	0.90% p.a	0.60% p.a	0.35% p.a
Vanguard® LifeStrategy® Growth Fund	30% income and 70% growth (Weighted average of target indexes of the underlying Vanguard Wholesale Index Funds)	$5,000	Nil	Withdrawals are normally paid within four business days	Half Yearly	0.23%/ 0.15%	0.90% p.a	0.60% p.a	0.35% p.a
Vanguard® LifeStrategy® High Growth Fund	10% income and 90% growth (Weighted average of target indexes of the underlying Vanguard Wholesale Index Funds)	$5,000	Nil	Withdrawals are normally paid within four business days	Half Yearly	0.26%/ 0.15%	0.90% p.a	0.60% p.a	0.35% p.a

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The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities. The Prospectus contains a more detailed description of the limited relationship MSCI has with The Vanguard Group and any related funds. ”FTSE®”, “FT-SE®” and “Footsie®” are trade marks jointly owned by the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited under licence. “All-World” is a trade mark 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.