Vanguard FTSE Europe ETF, formerly Vanguard MSCI Europe ETF, is an exchange-traded fund. The Fund�s investment objective is to seek to track the performance of an index that measures the investment return of stocks issued by companies located in the major markets of Europe. The Fund focuses investment approach by investing substantially all of its assets in the common stocks included in the MSCI Emerging Markets Index. The MSCI Emerging Markets Index includes approximately 460 common stocks of companies located in markets worldwide, including United Kingdom, France, Switzerland and Germany. The Fund's investment advisor is The Vanguard Group, Inc.