Vanguard Emerging Markets ETF (the Fund) is an exchange-traded share class of Vanguard Emerging Markets Stock Index Fund. The Fund seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in emerging market countries. The fund may invest, to a limited extent, in stock futures and options contracts, warrants, convertible securities, and swap agreements, which are types of derivatives. The Fund’s investment advisor is The Vanguard Group, Inc.