Vanguard Pacific Stock Index Fund Admiral Shares

This index fund provides investors low-cost exposure to companies in developed countries of the Pacific region. The fund invests in about 2,150 stocks throughout the region, which makes up roughly a quarter 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 countries located in the Pacific region, particularly Japan. Long-term investors seeking exposure to Pacific equities may wish to consider this fund as part of a diversified portfolio.