Vanguard European Stock Index Fund Admiral Shares

This index fund provides investors low-cost exposure to the European stock markets. The fund holds more than 1,200 stocks across the European region, which makes up roughly half of the non-U.S. equity marketplace. In addition to stock market risk, the fund is also subject to currency risk and may have a higher degree of country risk than other international funds, since it invests solely in stocks of European countries. Long-term investors seeking exposure to European equities may wish to consider this fund as part of a diversified portfolio.