FTSE All-World ex Canada Index ETF Total ETF holdings* VXC

As of 30 June 2014

Securities Symbol % of assets**

Apple Inc. AAPL 1.5087 Corp. XOM 1.1641 Microsoft Corp. MSFT 0.8345 Johnson & Johnson JNJ 0.7970 Wells Fargo & Co. WFC 0.7452 General Electric Co. GE 0.7094 Nestle SA NESN 0.6708 Chevron Corp. CVX 0.6689 Berkshire Hathaway Inc. Class B BRK.B 0.6164 JPMorgan Chase & Co. JPM 0.5872 Procter & Gamble Co. PG 0.5726 Novartis AG NOVN 0.5725 Roche Holding AG ROG 0.5683 Verizon Communications Inc. VZ 0.5456 HSBC Holdings plc HSBA 0.5252 Pfizer Inc. PFE 0.5091 AT&T Inc. T 0.4940 International Business Machines Corp. IBM 0.4938 Merck & Co. Inc. MRK 0.4551 Coca-Cola Co. KO 0.4509 Google Inc. GOOG 0.4439 Google Inc. Class A GOOGL 0.4433 BP plc BP. 0.4412 Bank of America Corp. BAC 0.4351 Toyota Motor Corp. 7203 0.4295 Intel Corp. INTC 0.4141 Schlumberger Ltd. SLB 0.4129 Total SA FP 0.3990 Samsung Electronics Co. Ltd. 005930 0.3794 Citigroup Inc. C 0.3660 Oracle Corp. ORCL 0.3648 PepsiCo Inc. PEP 0.3646 Facebook Inc. Class A FB 0.3609 QUALCOMM Inc. QCOM 0.3601 Walt Disney Co. DIS 0.3597 plc Class A RDSA 0.3582 GlaxoSmithKline plc GSK 0.3514

1 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Gilead Sciences Inc. GILD 0.3429 Cisco Systems Inc. CSCO 0.3427 Philip Morris International Inc. PM 0.3391 Banco Santander SA SAN 0.3339 Commonwealth Bank of Australia CBA 0.3323 Sanofi SAN 0.3302 Wal-Mart Stores Inc. WMT 0.3259 Amazon.com Inc. AMZN 0.3218 Bayer AG BAYN 0.3167 British American Tobacco plc BATS 0.3052 Home Depot Inc. HD 0.2980 BHP Billiton Ltd. BHP 0.2964 BASF SE BAS 0.2915 Royal Dutch Shell plc Class B RDSB 0.2894 Comcast Corp. Class A CMCSA 0.2875 Siemens AG SIE 0.2841 ConocoPhillips COP 0.2834 Visa Inc. Class A V 0.2832 United Technologies Corp. UTX 0.2708 American Express Co. AXP 0.2702 McDonald’s Corp. MCD 0.2682 Westpac Banking Corp. WBC 0.2668 AstraZeneca plc AZN 0.2549 3M Co. MMM 0.2523 Anheuser-Busch InBev NV ABI 0.2488 Novo Nordisk A/S Class B NOVO B 0.2445 Union Pacific Corp. UNP 0.2433 Daimler AG DAI 0.2422 AbbVie Inc. ABBV 0.2417 Amgen Inc. AMGN 0.2412 Vodafone Group plc VOD 0.2410 CVS Caremark Corp. CVS 0.2372 Mitsubishi UFJ Financial Group Inc. 8306 0.2352 Australia & New Zealand Banking Group Ltd. ANZ 0.2313 Boeing Co. BA 0.2251 Altria Group Inc. MO 0.2242 Diageo plc DGE 0.2178 Occidental Petroleum Corp. OXY 0.2170 Bristol-Myers Squibb Co. BMY 0.2164 UnitedHealth Group Inc. UNH 0.2156 American International Group Inc. AIG 0.2125 US Bancorp/MN USB 0.2120 Allianz SE ALV 0.2063 Banco Bilbao Vizcaya Argentaria SA BBVA 0.2034 Biogen Idec Inc. BIIB 0.2014

2 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

MasterCard Inc. Class A MA 0.2000 United Parcel Service Inc. Class B UPS 0.1951 BG Group plc BG. 0.1950 National Australia Bank Ltd. NAB 0.1923 Tencent Holdings Ltd. 700 0.1908 SoftBank Corp. 9984 0.1900 Telefonica SA TEF 0.1878 SAP AG SAP 0.1870 Lloyds Banking Group plc LLOY 0.1865 BHP Billiton plc BLT 0.1864 Honeywell International Inc. HON 0.1863 Celgene Corp. CELG 0.1851 Unilever NV UNA 0.1849 Eni SPA ENI 0.1829 Rio Tinto plc RIO 0.1829 Caterpillar Inc. CAT 0.1825 Goldman Sachs Group Inc. GS 0.1814 Ford Motor Co. F 0.1803 BNP Paribas SA BNP 0.1802 Monsanto Co. MON 0.1761 UBS AG UBSN 0.1755 Hewlett-Packard Co. HPQ 0.1717 EOG Resources Inc. EOG 0.1717 Medtronic Inc. MDT 0.1716 Walgreen Co. WAG 0.1714 Priceline Group Inc. PCLN 0.1698 Honda Motor Co. Ltd. 7267 0.1695 Eli Lilly & Co. LLY 0.1684 Colgate-Palmolive Co. CL 0.1684 Twenty-First Century Fox Inc. Class A FOXA 0.1673 Dow Chemical Co. DOW 0.1668 Abbott Laboratories ABT 0.1653 AIA Group Ltd. 1299 0.1639 Mondelez International Inc. Class A MDLZ 0.1626 Barclays plc BARC 0.1621 EI du Pont de Nemours & Co. DD 0.1618 Prudential plc PRU 0.1587 Time Warner Inc. TWX 0.1583 Taiwan Semiconductor Manufacturing Co. Ltd. 2330 0.1559 eBay Inc. EBAY 0.1537 Halliburton Co. HAL 0.1534 Reckitt Benckiser Group plc RB. 0.1527 Sumitomo Mitsui Financial Group Inc. 8316 0.1526 Starbucks Corp. SBUX 0.1494 China Construction Bank Corp. 939 0.1490

3 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Anadarko Petroleum Corp. APC 0.1489 SABMiller plc SAB 0.1487 Unilever plc ULVR 0.1485 ING Groep NV INGA 0.1471 NIKE Inc. Class B NKE 0.1462 Deutsche Telekom AG DTE 0.1462 National Grid plc NG. 0.1458 Glencore plc GLEN 0.1455 EMC Corp./MA EMC 0.1452 Express Scripts Holding Co. ESRX 0.1447 ABB Ltd. ABBN 0.1446 Cie Financiere Richemont SA CFR 0.1416 Duke Energy Corp. DUK 0.1413 BT Group plc BT.A 0.1405 Schneider Electric SE SU 0.1397 Texas Instruments Inc. TXN 0.1391 Simon Property Group Inc. SPG 0.1389 China Mobile Ltd. 941 0.1381 Accenture plc Class A ACN 0.1377 Costco Wholesale Corp. COST 0.1362 Allergan Inc./United States AGN 0.1359 MetLife Inc. MET 0.1347 Mizuho Financial Group Inc. 8411 0.1332 LVMH Moet Hennessy Louis Vuitton SA MC 0.1312 Lowe’s Cos. Inc. LOW 0.1288 Morgan Stanley MS 0.1287 PNC Financial Services Group Inc. PNC 0.1280 Capital One Financial Corp. COF 0.1272 Thermo Fisher Scientific Inc. TMO 0.1267 Naspers Ltd. NPN 0.1261 Danaher Corp. DHR 0.1261 Air Liquide SA AI 0.1256 Emerson Electric Co. EMR 0.1254 General Motors Co. GM 0.1254 Shire plc SHP 0.1252 Industrial & Commercial Bank of China Ltd. 1398 0.1244 Deutsche Bank AG DBK 0.1243 Credit Suisse Group AG CSGN 0.1232 AXA SA CS 0.1231 Phillips 66 PSX 0.1225 Wesfarmers Ltd. WES 0.1217 Nordea Bank AB NDA SEK 0.1216 Taiwan Semiconductor Manufacturing Co. Ltd. ADR TSM 0.1214 Zurich Insurance Group AG ZURN 0.1205 NextEra Energy Inc. NEE 0.1201

4 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

LyondellBasell Industries NV Class A LYB 0.1178 Lockheed Martin Corp. LMT 0.1176 Imperial Tobacco Group plc IMT 0.1176 McKesson Corp. MCK 0.1153 Bank of New York Mellon Corp. BK 0.1151 FedEx Corp. FDX 0.114 4 Kimberly-Clark Corp. KMB 0.1127 Hennes & Mauritz AB Class B HM B 0.1125 Standard Chartered plc STAN 0.1123 Dominion Resources Inc./VA D 0.1119 Bayerische Motoren Werke AG BMW 0.1117 Time Warner Cable Inc. TWC 0.1106 Woolworths Ltd. WOW 0.1103 Prudential Financial Inc. PRU 0.1101 Covidien plc COV 0.1092 Danone SA BN 0.1092 L’Oreal SA OR 0.1092 DIRECTV DTV 0.1092 Volkswagen AG Preference Shares VOW3 0.1091 Southern Co. SO 0.1089 Iberdrola SA IBE 0.1072 Linde AG LIN 0.1067 plc TSCO 0.1060 Baxter International Inc. BAX 0.1056 Praxair Inc. PX 0.1051 Apache Corp. APA 0.1044 Williams Cos. Inc. WMB 0.1042 Japan Tobacco Inc. 2914 0.1041 Hon Hai Precision Industry Co. Ltd. 2317 0.1040 MTN Group Ltd. MTN 0.1033 Automatic Data Processing Inc. ADP 0.1029 Actavis plc ACT 0.1025 Enel SPA ENEL 0.1024 E.ON SE EOAN 0.1023 Freeport-McMoRan Copper & Gold Inc. FCX 0.1020 Societe Generale SA GLE 0.1016 UniCredit SPA UCG 0.1011 GDF Suez GSZ 0.1009 Airbus Group NV AIR 0.1008 Canon Inc. 7751 0.1001 Eaton Corp. plc ETN 0.0991 Intesa Sanpaolo SPA (Registered) ISP 0.0986 Target Corp. TGT 0.0986 Precision Castparts Corp. PCP 0.0986 Telefonaktiebolaget LM Ericsson Class B ERIC B 0.0977

5 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Takeda Pharmaceutical Co. Ltd. 4502 0.0973 Yum! Brands Inc. YUM 0.0967 Kraft Foods Group Inc. KRFT 0.0961 American Tower Corporation AMT 0.0959 Vinci SA DG 0.0953 TJX Cos. Inc. TJX 0.0952 National Oilwell Varco Inc. NOV 0.0950 Micron Technology Inc. MU 0.0949 Hyundai Motor Co. 005380 0.0942 BlackRock Inc. BLK 0.0935 Deutsche Post AG DPW 0.0931 Rolls-Royce Holdings plc RR. 0.0928 Illinois Tool Works Inc. ITW 0.0924 Adobe Systems Inc. ADBE 0.0923 Bank of China Ltd. 3988 0.0922 Hitachi Ltd. 6501 0.0920 Syngenta AG SYNN 0.0920 FANUC Corp. 6954 0.0919 General Dynamics Corp. GD 0.0912 salesforce.com inc CRM 0.0912 KDDI Corp. 9433 0.0904 Viacom Inc. Class B VIAB 0.0903 Sasol Ltd. SOL 0.0901 Muenchener Rueckversicherungs AG MUV2 0.0894 Johnson Controls Inc. JCI 0.0891 Seven & I Holdings Co. Ltd. 3382 0.0890 CBS Corp. Class B CBS 0.0887 Deere & Co. DE 0.0887 Inditex SA ITX 0.0885 Delta Air Lines Inc. DAL 0.0885 Pioneer Natural Resources Co. PXD 0.0883 Travelers Cos. Inc. TRV 0.0880 Baker Hughes Inc. BHI 0.0873 America Movil SAB de CV AMXL 0.0872 CSL Ltd. CSL 0.0871 General Mills Inc. GIS 0.0869 Anglo American plc London Shares AAL 0.0869 Comcast Corp. CMCSK 0.0864 Norfolk Southern Corp. NSC 0.0859 Yahoo! Inc. YHOO 0.0859 Compass Group plc CPG 0.0849 Mitsubishi Estate Co. Ltd. 8802 0.0847 ACE Ltd. ACE 0.0846 ASML Holding NV ASML 0.0844 Vivendi SA VIV 0.0843

6 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Exelon Corp. EXC 0.0841 CSX Corp. CSX 0.0835 Las Vegas Sands Corp. LVS 0.0834 American Airlines Group Inc. AAL 0.0833 Royal Dutch Shell plc Class A RDSA 0.0832 Alexion Pharmaceuticals Inc. ALXN 0.0831 Devon Energy Corp. DVN 0.0826 Swiss Re AG SREN 0.0825 Ecolab Inc. ECL 0.0812 Mitsubishi Corp. 8058 0.0811 East Japan Railway Co. 9020 0.0810 WellPoint Inc. WLP 0.0810 Cognizant Technology Solutions Corp. Class A CTSH 0.0800 Charles Schwab Corp. SCHW 0.0800 Statoil ASA STL 0.0799 Astellas Pharma Inc. 4503 0.0795 Mitsui Fudosan Co. Ltd. 8801 0.0793 CNOOC Ltd. 883 0.0791 Koninklijke Philips NV PHIA 0.0787 WPP plc WPP 0.0785 PPG Industries Inc. PPG 0.0782 Archer-Daniels-Midland Co. ADM 0.0781 Raytheon Co. RTN 0.0780 Aetna Inc. AET 0.0780 Discover Financial Services DFS 0.0777 Orange SA ORA 0.0774 Corning Inc. GLW 0.0773 Gazprom OAO ADR OGZD 0.0771 Nokia Oyj NOK1V 0.0769 Unibail-Rodamco SE 0.0767 Spectra Energy Corp. SE 0.0765 Marsh & McLennan Cos. Inc. MMC 0.0764 Aflac Inc. AFL 0.0763 Cummins Inc. CMI 0.0763 BB&T Corp. BBT 0.0763 Hess Corp. HES 0.0752 Woodside Petroleum Ltd. WPL 0.0752 Mitsui & Co. Ltd. 8031 0.0751 Swedbank AB Class A SWED A 0.0751 Noble Energy Inc. NBL 0.0750 Assicurazioni Generali SPA G 0.0750 State Street Corp. STT 0.0742 Hutchison Whampoa Ltd. 13 0.0742 Applied Materials Inc. AMAT 0.0739 Centrica plc CNA 0.0737

7 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Reliance Industries Ltd. RELIANCE 0.0736 Nippon Steel & Sumitomo Metal Corp. 5401 0.0734 Air Products & Chemicals Inc. APD 0.0733 Central Japan Railway Co. 9022 0.0732 American Electric Power Co. Inc. AEP 0.0732 Sberbank of Russia SBER 0.0729 PetroChina Co. Ltd. 857 0.0726 Marathon Oil Corp. MRO 0.0726 Repsol SA REP 0.0720 Aon plc AON 0.0719 Valero Energy Corp. VLO 0.0718 SSE plc SSE 0.0710 Housing Development Finance Corp. HDFC 0.0707 Infosys Ltd. INFY 0.0703 Panasonic Corp. 6752 0.0699 Aviva plc AV. 0.0697 SK Hynix Inc. 000660 0.0693 Allstate Corp. ALL 0.0686 TE Connectivity Ltd. TEL 0.0682 Cie de St-Gobain SGO 0.0681 Shin-Etsu Chemical Co. Ltd. 4063 0.0679 Continental AG CON 0.0679 MediaTek Inc. 2454 0.0676 Public Storage PSA 0.0675 Nomura Holdings Inc. 8604 0.0674 Netflix Inc. NFLX 0.0673 Crown Castle International Corp. CCI 0.0668 Cigna Corp. CI 0.0665 China Petroleum & Chemical Corp. 386 0.0664 Rio Tinto Ltd. RIO 0.0662 Mitsubishi Electric Corp. 6503 0.0661 Sempra Energy SRE 0.0656 Kinder Morgan Inc./DE KMI 0.0654 Motor Co. Ltd. 7201 0.0651 NTT DOCOMO Inc. 9437 0.0651 Forest Laboratories Inc. FRX 0.0650 Sampo Class A SAMAS 0.0646 Stryker Corp. SYK 0.0646 Co. KR 0.0645 Pernod Ricard SA RI 0.0639 Svenska Handelsbanken AB Class A SHB A 0.0638 Franklin Resources Inc. BEN 0.0637 BAE Systems plc BA. 0.0636 Tokio Marine Holdings Inc. 8766 0.0636 Cheung Kong Holdings Ltd. 1 0.0634

8 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

SanDisk Corp. SNDK 0.0634 Bridgestone Corp. 5108 0.0633 Cardinal Health Inc. CAH 0.0632 DBS Group Holdings Ltd. D05 0.0632 Nippon Telegraph & Telephone Corp. 9432 0.0625 Northrop Grumman Corp. NOC 0.0620 Denso Corp. 6902 0.0617 Illumina Inc. ILMN 0.0615 Ameriprise Financial Inc. AMP 0.0615 Becton Dickinson and Co. BDX 0.0615 Legal & General Group plc LGEN 0.0614 Singapore Telecommunications Ltd. Z74 0.0612 Equity Residential EQR 0.0611 CME Group Inc./IL CME 0.0609 Chubb Corp. CB 0.0609 NAVER Corp. 035420 0.0608 Cie Generale des Etablissements Michelin ML 0.0607 McGraw Hill Financial Inc. MHFI 0.0606 Danske Bank A/S DANSKE 0.0605 PPL Corp. PPL 0.0602 PG&E Corp. PCG 0.0601 Vertex Pharmaceuticals Inc. VRTX 0.0600 Komatsu Ltd. 6301 0.0599 POSCO 005490 0.0599 PACCAR Inc. PCAR 0.0598 Lorillard Inc. LO 0.0594 Sysco Corp. SYY 0.0589 International Paper Co. IP 0.0588 Intercontinental Exchange Inc. ICE 0.0584 Telstra Corp. Ltd. TLS 0.0584 VF Corp. VFC 0.0584 Intuit Inc. INTU 0.0584 ORIX Corp. 8591 0.0583 SA CA 0.0582 Hong Kong Exchanges and Clearing Ltd. 388 0.0580 United Overseas Bank Ltd. U11 0.0579 SunTrust Banks Inc. STI 0.0575 adidas AG ADS 0.0575 Sun Hung Kai Properties Ltd. 16 0.0573 ARM Holdings plc ARM 0.0571 Macy’s Inc. M 0.0570 Volvo AB Class B VOLV B 0.0569 Shinhan Financial Group Co. Ltd. 055550 0.0568 Essilor International SA EI 0.0567 Delphi Automotive plc DLPH 0.0566

9 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

T. Rowe Price Group Inc. TROW 0.0565 Tyco International Ltd. TYC 0.0565 Regeneron Pharmaceuticals Inc. REGN 0.0564 RWE AG RWE 0.0563 CenturyLink Inc. CTL 0.0563 Oversea-Chinese Banking Corp. Ltd. O39 0.0562 Kao Corp. 4452 0.0561 Western Digital Corp. WDC 0.0557 Public Service Enterprise Group Inc. PEG 0.0556 Fomento Economico Mexicano SAB de CV FEMSAUBD 0.0554 Prologis Inc. PLD 0.0552 AMBEV SA ABEV3 0.0551 Marathon Petroleum Corp. MPC 0.0546 Henkel AG & Co. KGaA Preference Shares HEN3 0.0545 Gazprom OAO GAZP 0.0544 Petroleo Brasileiro SA Preference Shares PETR4 0.0543 Holcim Ltd. HOLN 0.0543 Itau Unibanco Holding SA Preference Shares ITUB4 0.0542 Itau Unibanco Holding SA ADR ITUB 0.0542 Mitsubishi Heavy Industries Ltd. 7011 0.0541 Keyence Corp. 6861 0.0540 ITOCHU Corp. 8001 0.0539 Broadcom Corp. Class A BRCM 0.0535 Humana Inc. HUM 0.0533 China Life Insurance Co. Ltd. 2628 0.0533 Waste Management Inc. WM 0.0531 DNB ASA DNB 0.0531 Fresenius SE & Co. KGaA FRE 0.0529 St. Jude Medical Inc. STJ 0.0529 Skandinaviska Enskilda Banken AB Class A SEB A 0.0527 Lukoil OAO ADR LKOD 0.0524 Reynolds American Inc. RAI 0.0524 Tesla Motors Inc. TSLA 0.0521 Toshiba Corp. 6502 0.0520 Weyerhaeuser Co. WY 0.0520 Mylan Inc./PA MYL 0.0519 Tata Consultancy Services Ltd. TCS 0.0519 Health Care REIT Inc. HCN 0.0515 Agilent Technologies Inc. A 0.0515 Petroleo Brasileiro SA PETR3 0.0514 Hyundai Mobis 012330 0.0510 Edison International EIX 0.0509 Murata Manufacturing Co. Ltd. 6981 0.0509 HCP Inc. HCP 0.0508 Kellogg Co. K 0.0507

10 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Ventas Inc. VTR 0.0507 Mead Johnson Nutrition Co. MJN 0.0505 Parker Hannifin Corp. PH 0.0504 Moody’s Corp. MCO 0.0504 Sumitomo Realty & Development Co. Ltd. 8830 0.0504 Reed Elsevier plc REL 0.0500 Southwest Airlines Co. LUV 0.0500 Chesapeake Energy Corp. CHK 0.0499 Perrigo Co. plc PRGO 0.0498 AvalonBay Communities Inc. AVB 0.0496 Swatch Group AG (Bearer) UHR 0.0496 Chipotle Mexican Grill Inc. Class A CMG 0.0495 Omnicom Group Inc. OMC 0.0494 Associated British Foods plc ABF 0.0494 Sands China Ltd. 1928 0.0493 HCA Holdings Inc. HCA 0.0489 Grupo Televisa SAB TLEVISACPO 0.0488 Fifth Third Bancorp FITB 0.0488 Twitter Inc. TWTR 0.0488 Macquarie Group Ltd. MQG 0.0487 LinkedIn Corp. Class A LNKD 0.0487 Atlas Copco AB Class A ATCO A 0.0486 Boston Properties Inc. BXP 0.0486 Akzo Nobel NV AKZA 0.0485 Vornado Realty Trust VNO 0.0484 Kubota Corp. 6326 0.0480 Seagate Technology plc STX 0.0477 Fast Retailing Co. Ltd. 9983 0.0473 Sherwin-Williams Co. SHW 0.0473 Sumitomo Mitsui Trust Holdings Inc. 8309 0.0473 Zimmer Holdings Inc. ZMH 0.0473 Public Bank Bhd. (Local) PBBANK 0.0472 AutoZone Inc. AZO 0.0471 Alcoa Inc. AA 0.0470 Fuji Heavy Industries Ltd. 7270 0.0470 Dollar General Corp. DG 0.0468 Estee Lauder Cos. Inc. Class A EL 0.0468 Safran SA SAF 0.0467 Rockwell Automation Inc. ROK 0.0467 Koninklijke Ahold NV AH 0.0462 Investor AB Class B INVE B 0.0461 Renault SA RNO 0.0459 Analog Devices Inc. ADI 0.0457 Experian plc EXPN 0.0456 Daikin Industries Ltd. 6367 0.0455

11 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Consolidated Edison Inc. ED 0.0455 Boston Scientific Corp. BSX 0.0455 BRF SA BRFS3 0.0455 AP Moeller - Maersk A/S Class B MAERSK B 0.0454 Galaxy Entertainment Group Ltd. 27 0.0452 Wynn Resorts Ltd. WYNN 0.0452 Sony Corp. 6758 0.0451 Aegon NV AGN 0.0451 SMC Corp./Japan 6273 0.0450 Magnit OJSC GDR MGNT 0.0450 Standard Bank Group Ltd. SBK 0.0449 Carnival Corp. CCL 0.0449 Old Mutual plc OML 0.0449 Host Hotels & Resorts Inc. HST 0.0448 Next plc NXT 0.0448 Grupo Financiero Banorte SAB de CV GFNORTEO 0.0446 Suncorp Group Ltd. SUN 0.0444 Legrand SA LR 0.0442 Amadeus IT Holding SA AMS 0.0441 Invesco Ltd. IVZ 0.0439 Kering KER 0.0439 Michael Kors Holdings Ltd. KORS 0.0437 Avago Technologies Ltd. Class A AVGO 0.0436 Xcel Energy Inc. XEL 0.0436 Pearson plc PSON 0.0435 Concho Resources Inc. CXO 0.0435 Hartford Financial Services Group Inc. HIG 0.0434 Zoetis Inc. ZTS 0.0433 Assa Abloy AB Class B ASSA B 0.0433 Porsche Automobil Holding SE Preference Shares PAH3 0.0433 Southwestern Energy Co. SWN 0.0432 Ingersoll-Rand plc IR 0.0431 Lafarge SA LG 0.0431 Smith & Nephew plc SN. 0.0431 Kone Oyj Class B KNEBV 0.0430 Mosaic Co. MOS 0.0430 Cemex SAB de CV CEMEXCPO 0.0430 Weatherford International plc WFT 0.0430 Telenor ASA TEL 0.0429 TeliaSonera AB TLSN 0.0429 Cerner Corp. CERN 0.0429 Symantec Corp. SYMC 0.0426 Heineken NV HEIA 0.0426 Scentre Group SCG 0.0425 Publicis Groupe SA PUB 0.0424

12 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Banco Bradesco SA ADR BBD 0.0424 WW Grainger Inc. GWW 0.0423 Intuitive Surgical Inc. ISRG 0.0423 Nucor Corp. NUE 0.0422 Transocean Ltd. RIGN 0.0421 AmerisourceBergen Corp. Class A ABC 0.0420 Givaudan SA GIVN 0.0418 Banco Bradesco SA Preference Shares BBDC4 0.0417 Starwood Hotels & Resorts Worldwide Inc. HOT 0.0416 Wal-Mart de Mexico SAB de CV WALMEXV 0.0416 Kyocera Corp. 6971 0.0416 Standard Life plc SL. 0.0416 EQT Corp. EQT 0.0414 Cheniere Energy Inc. LNG 0.0414 Harley-Davidson Inc. HOG 0.0413 United Continental Holdings Inc. UAL 0.0412 Sumitomo Corp. 8053 0.0411 Svenska Cellulosa AB SCA Class B SCA B 0.0411 Daiwa Securities Group Inc. 8601 0.0410 Keurig Green Mountain Inc. GMCR 0.0410 O’Reilly Automotive Inc. ORLY 0.0409 Amphenol Corp. Class A APH 0.0409 Motorola Solutions Inc. MSI 0.0409 Dover Corp. DOV 0.0407 KBC Groep NV KBC 0.0407 Cielo SA CIEL3 0.0407 Ping An Insurance Group Co. of China Ltd. 2318 0.0406 Origin Energy Ltd. ORG 0.0405 ArcelorMittal MT 0.0405 Fiserv Inc. FISV 0.0405 British Sky Broadcasting Group plc BSY 0.0404 Delta Electronics Inc. 2308 0.0403 Commerzbank AG CBK 0.0402 Principal Financial Group Inc. PFG 0.0402 Northeast Utilities NU 0.0401 Sandvik AB SAND 0.0400 BorgWarner Inc. BWA 0.0400 Tokyo Gas Co. Ltd. 9531 0.0397 Oil & Natural Gas Corp. Ltd. ONGC 0.0397 AMP Ltd. AMP 0.0396 Kingfisher plc KGF 0.0395 Regions Financial Corp. RF 0.0394 Entergy Corp. ETR 0.0394 Nielsen NV NLSN 0.0394 DaVita HealthCare Partners Inc. DVA 0.0394

13 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

M&T Bank Corp. MTB 0.0393 Wolseley plc WOS 0.0393 Reed Elsevier NV REN 0.0393 Kia Motors Corp. 000270 0.0392 FirstEnergy Corp. FE 0.0392 Adecco SA ADEN 0.0392 Roper Industries Inc. ROP 0.0392 Hoya Corp. 7741 0.0391 Alliance Data Systems Corp. ADS 0.0390 L Brands Inc. LB 0.0389 Northern Trust Corp. NTRS 0.0389 FMC Technologies Inc. FTI 0.0388 Deutsche Boerse AG DB1 0.0388 Cabot Oil & Gas Corp. COG 0.0387 Dai-ichi Life Insurance Co. Ltd. 8750 0.0387 Whole Foods Market Inc. WFM 0.0386 Fresenius Medical Care AG & Co. KGaA FME 0.0386 Fidelity National Information Services Inc. FIS 0.0385 Hershey Co. HSY 0.0384 Credit Agricole SA ACA 0.0383 Petroleo Brasileiro SA ADR PBR.A 0.0382 Jardine Matheson Holdings Ltd. J36 0.0382 ONEOK Inc. OKE 0.0381 Infineon Technologies AG IFX 0.0381 Constellation Brands Inc. Class A STZ 0.0380 Seadrill Ltd. SDRL 0.0379 Inpex Corp. 1605 0.0379 Land Securities Group plc LAND 0.0379 Nan Ya Plastics Corp. 1303 0.0377 Xerox Corp. XRX 0.0377 Pentair plc PNR 0.0375 Cameron International Corp. CAM 0.0372 ICICI Bank Ltd. ICICIBANK 0.0372 DTE Energy Co. DTE 0.0371 Nidec Corp. 6594 0.0370 Liberty Interactive Corp. Class A LINTA 0.0370 Whitbread plc WTB 0.0370 Hong Kong & China Gas Co. Ltd. 3 0.0367 Stanley Black & Decker Inc. SWK 0.0367 Asahi Group Holdings Ltd. 2502 0.0367 Loews Corp. L 0.0367 DISH Network Corp. Class A DISH 0.0366 Paychex Inc. PAYX 0.0366 Progressive Corp. PGR 0.0365 General Growth Properties Inc. GGP 0.0364

14 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Lincoln National Corp. LNC 0.0364 Range Resources Corp. RRC 0.0364 Brambles Ltd. BXB 0.0364 KB Financial Group Inc. 105560 0.0363 Ross Stores Inc. ROST 0.0363 Malayan Banking Bhd. 0.0362 Daiwa House Industry Co. Ltd. 1925 0.0362 Fujitsu Ltd. 6702 0.0361 Swisscom AG SCMN 0.0360 Geberit AG GEBN 0.0359 Telecom Italia SPA (Registered) TIT 0.0359 Tullow Oil plc TLW 0.0358 Formosa Plastics Corp. 1301 0.0357 Mattel Inc. MAT 0.0357 MS&AD Insurance Group Holdings Inc. 8725 0.0357 Fastenal Co. FAST 0.0356 Grupo Mexico SAB de CV Class B GMEXICOB 0.0356 Suzuki Motor Corp. 7269 0.0355 SBA Communications Corp. Class A SBAC 0.0353 Daiichi Sankyo Co. Ltd. 4568 0.0353 Westfield Corp. WFD 0.0352 JX Holdings Inc. 5020 0.0352 AMBEV SA ADR ABEV 0.0350 Ensco plc Class A ESV 0.0349 Actelion Ltd. ATLN 0.0349 Capita plc CPI 0.0349 Kirin Holdings Co. Ltd. 2503 0.0348 Santos Ltd. STO 0.0347 LG Chem Ltd. 051910 0.0347 Charter Communications Inc. Class A CHTR 0.0346 EDP - Energias de Portugal SA EDP 0.0346 FUJIFILM Holdings Corp. 4901 0.0346 Koninklijke DSM NV DSM 0.0345 Genuine Parts Co. GPC 0.0345 Nintendo Co. Ltd. 7974 0.0345 Liberty Media Corp. Class A LMCA 0.0345 AMETEK Inc. AME 0.0345 Autodesk Inc. ADSK 0.0344 Insurance Australia Group Ltd. IAG 0.0344 CLP Holdings Ltd. 2 0.0344 Secom Co. Ltd. 9735 0.0343 Snam SPA SRG 0.0343 KeyCorp KEY 0.0342 FirstRand Ltd. FSR 0.0342 Newmont Mining Corp. NEM 0.0342

15 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Itausa - Investimentos Itau SA Preference Shares ITSA4 0.0340 Transurban Group TCL 0.0340 Xilinx Inc. XLNX 0.0340 Hang Seng Bank Ltd. 11 0.0339 Astra International Tbk PT ASII 0.0338 Hertz Global Holdings Inc. HTZ 0.0338 NRG Energy Inc. NRG 0.0338 Mazda Motor Corp. 7261 0.0338 CF Industries Holdings Inc. CF 0.0337 ThyssenKrupp AG TKA 0.0336 ConAgra Foods Inc. CAG 0.0335 Cimarex Energy Co. XEC 0.0335 Keppel Corp. Ltd. BN4 0.0334 Link REIT 823 0.0333 Fluor Corp. FLR 0.0332 SGS SA SGSN 0.0332 NiSource Inc. NI 0.0332 QBE Insurance Group Ltd. QBE 0.0332 Marriott International Inc./DE Class A MAR 0.0331 Vale SA Class B ADR VALE.P 0.0330 CIMB Group Holdings Bhd. CIMB 0.0330 British Land Co. plc BLND 0.0330 Marubeni Corp. 8002 0.0330 Vale SA Preference Shares VALE5 0.0330 Sigma-Aldrich Corp. SIAL 0.0326 HeidelbergCement AG HEI 0.0326 NetApp Inc. NTAP 0.0326 Banco de Sabadell SA SAB 0.0326 Royal Bank of Scotland Group plc RBS 0.0326 KLA-Tencor Corp. KLAC 0.0326 Fortum Oyj FUM1V 0.0324 Cathay Financial Holding Co. Ltd. 2882 0.0323 Eastman Chemical Co. EMN 0.0323 Abertis Infraestructuras SA ABE 0.0323 Otsuka Holdings Co. Ltd. 4578 0.0323 Marks & Spencer Group plc MKS 0.0322 Amcor Ltd./Australia AMC 0.0322 TripAdvisor Inc. TRIP 0.0321 Helmerich & Payne Inc. HP 0.0320 Novozymes A/S NZYM B 0.0320 Henkel AG & Co. KGaA HEN 0.0319 Clorox Co. CLX 0.0319 Technip SA TEC 0.0319 Kansas City Southern KSU 0.0318 Steinhoff International Holdings Ltd. SHF 0.0318

16 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Tokyo Electron Ltd. 8035 0.0316 Power Assets Holdings Ltd. 6 0.0313 Eisai Co. Ltd. 4523 0.0313 CarMax Inc. KMX 0.0313 Bank Central Asia Tbk PT BBCA 0.0313 Dr Pepper Snapple Group Inc. DPS 0.0312 Essex Property Trust Inc. ESS 0.0311 Carlsberg A/S Class B CARL B 0.0310 ITV plc ITV 0.0309 CRH plc CRG 0.0308 Koninklijke KPN NV KPN 0.0308 CaixaBank SA CABK 0.0307 Atlantia SPA ATL 0.0307 Murphy Oil Corp. MUR 0.0307 SES SA SESG 0.0306 Affiliated Managers Group Inc. AMG 0.0306 Burberry Group plc BRBY 0.0305 Vestas Wind Systems A/S VWS 0.0304 Merck KGaA MRK 0.0304 Formosa Chemicals & Fibre Corp. 1326 0.0303 Tenaris SA TEN 0.0303 Activision Blizzard Inc. ATVI 0.0299 American Realty Capital Properties Inc. ARCP 0.0299 CR Bard Inc. BCR 0.0298 Linear Technology Corp. LLTC 0.0298 Kerry Group plc Class A KRZ 0.0298 Resona Holdings Inc. 8308 0.0297 Altera Corp. ALTR 0.0297 Juniper Networks Inc. JNPR 0.0297 Bed Bath & Beyond Inc. BBBY 0.0297 Group Bhd. AXIATA 0.0296 Agricultural Bank of China Ltd. 1288 0.0295 Lam Research Corp. LRCX 0.0295 Johnson Matthey plc JMAT 0.0295 Wharf Holdings Ltd. 4 0.0295 Discovery Communications Inc. Class A DISCA 0.0294 CenterPoint Energy Inc. CNP 0.0294 Tiffany & Co. TIF 0.0293 Powszechna Kasa Oszczednosci Bank Polski SA PKO 0.0293 Coca-Cola Enterprises Inc. CCE 0.0293 Hana Financial Group Inc. 086790 0.0292 Sumitomo Electric Industries Ltd. 5802 0.0292 Annaly Capital Management Inc. NLY 0.0291 Whirlpool Corp. WHR 0.0290 Dollar Tree Inc. DLTR 0.0289

17 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

KT&G Corp. 033780 0.0289 Electronic Arts Inc. EA 0.0289 Telekomunikasi Indonesia Persero Tbk PT TLKM 0.0288 JFE Holdings Inc. 5411 0.0288 SKF AB SKF B 0.0288 Fubon Financial Holding Co. Ltd. 2881 0.0287 Molson Coors Brewing Co. Class B TAP 0.0287 InterContinental Hotels Group plc IHG 0.0287 Monster Beverage Corp. MNST 0.0287 Remgro Ltd. REM 0.0286 Cap Gemini SA CAP 0.0285 Bunge Ltd. BG 0.0285 Wisconsin Energy Corp. WEC 0.0285 Rockwell Collins Inc. COL 0.0284 Oil Search Ltd. OSH 0.0284 CONSOL Energy Inc. CNX 0.0283 Atlas Copco AB Class B ATCO B 0.0283 Valeo SA FR 0.0283 Equinix Inc. EQIX 0.0282 BOC Hong Kong Holdings Ltd. 2388 0.0282 Red Hat Inc. RHT 0.0282 NKSJ Holdings Inc. 8630 0.0282 JM Smucker Co. SJM 0.0282 Tyson Foods Inc. Class A TSN 0.0281 ITC Ltd. ITC 0.0281 Christian Dior SA CDI 0.0280 China Steel Corp. 2002 0.0280 SL Green Realty Corp. SLG 0.0280 UCB SA UCB 0.0280 United Utilities Group plc UU. 0.0280 Under Armour Inc. Class A UA 0.0279 Akamai Technologies Inc. AKAM 0.0278 Banco Popular Espanol SA POP 0.0278 Sanlam Ltd. SLM 0.0277 Olympus Corp. 7733 0.0277 Republic Services Inc. Class A RSG 0.0276 Toray Industries Inc. 3402 0.0276 Asahi Kasei Corp. 3407 0.0276 Citrix Systems Inc. CTXS 0.0276 HDFC Bank Ltd. HDFCBANK 0.0276 United Rentals Inc. URI 0.0275 Flowserve Corp. FLS 0.0274 GKN plc GKN 0.0274 Gap Inc. GPS 0.0274 Endo International plc ENDP 0.0273

18 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Samsung Life Insurance Co. Ltd. 032830 0.0273 China Overseas Land & Investment Ltd. 688 0.0272 Henry Schein Inc. HSIC 0.0272 Luxottica Group SPA LUX 0.0272 AES Corp./VA AES 0.0272 Celanese Corp. Class A CE 0.0271 Stericycle Inc. SRCL 0.0271 China Shenhua Energy Co. Ltd. 1088 0.0270 Red Electrica Corp. SA REE 0.0269 NVIDIA Corp. NVDA 0.0269 Babcock International Group plc BAB 0.0269 Ralph Lauren Corp. Class A RL 0.0268 Samsung Fire & Marine Insurance Co. Ltd. 000810 0.0268 Ameren Corp. AEE 0.0267 Alcatel-Lucent ALU 0.0267 Lukoil OAO LKOH 0.0267 TRW Automotive Holdings Corp. TRW 0.0267 Mobile Telesystems OJSC ADR MBT 0.0266 Banco do Brasil SA BBAS3 0.0265 FleetCor Technologies Inc. FLT 0.0265 Kohl’s Corp. KSS 0.0265 Advance Auto Parts Inc. AAP 0.0264 Sodexo SW 0.0264 Gas Natural SDG SA GAS 0.0264 Solvay SA Class A SOLB 0.0264 Beiersdorf AG BEI 0.0262 Realty Income Corp. O 0.0262 B/E Aerospace Inc. BEAV 0.0262 Brown-Forman Corp. Class B BF.B 0.0262 Nordstrom Inc. JWN 0.0262 Aurizon Holdings Ltd. AZJ 0.0261 MGM Resorts International MGM 0.0261 Wyndham Worldwide Corp. WYN 0.0261 Weir Group plc WEIR 0.0258 CTBC Financial Holding Co. Ltd. 2891 0.0258 Textron Inc. TXT 0.0258 Trimble Navigation Ltd. TRMB 0.0258 BM&FBovespa SA BVMF3 0.0258 Church & Dwight Co. Inc. CHD 0.0258 Bank Rakyat Indonesia Persero Tbk PT BBRI 0.0257 ProSiebenSat.1 Media AG PSM 0.0257 Want Want China Holdings Ltd. 151 0.0257 Calpine Corp. CPN 0.0257 Maxim Integrated Products Inc. MXIM 0.0256 Whiting Petroleum Corp. WLL 0.0256

19 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

PVH Corp. PVH 0.0256 CNH Industrial NV CNHI 0.0256 Erste Group Bank AG EBS 0.0256 Western Union Co. WU 0.0256 Coach Inc. COH 0.0255 Korea Electric Power Corp. 015760 0.0255 Sirius XM Holdings Inc. SIRI 0.0255 CH Robinson Worldwide Inc. CHRW 0.0254 Axis Bank Ltd. AXISBANK 0.0254 FMC Corp. FMC 0.0254 T-Mobile US Inc. TMUS 0.0254 Bhd. SIME 0.0253 Bank of Ireland BIR 0.0252 Pall Corp. PLL 0.0252 Macerich Co. MAC 0.0252 SK Telecom Co. Ltd. 017670 0.0252 Pandora A/S PNDORA 0.0251 Ultrapar Participacoes SA UGPA3 0.0251 Omron Corp. 6645 0.0251 L-3 Communications Holdings Inc. LLL 0.0250 Bunzl plc BNZL 0.0250 Brenntag AG BNR 0.0249 Microchip Technology Inc. MCHP 0.0249 China Merchants Bank Co. Ltd. 3968 0.0248 CareFusion Corp. CFN 0.0248 Dentsu Inc. 4324 0.0248 Samsung C&T Corp. 000830 0.0248 Computer Sciences Corp. CSC 0.0247 Edwards Lifesciences Corp. EW 0.0247 Coloplast A/S Class B COLO B 0.0247 H&R Block Inc. HRB 0.0247 Grifols SA GRF 0.0246 UPM-Kymmene Oyj UPM1V 0.0246 Vale SA VALE3 0.0246 Comerica Inc. CMA 0.0245 Catamaran Corp. CTRX 0.0245 Oriental Land Co. Ltd./Japan 4661 0.0245 Ferrovial SA FER 0.0245 Accor SA AC 0.0244 Daito Trust Construction Co. Ltd. 1878 0.0244 Julius Baer Group Ltd. BAER 0.0244 T&D Holdings Inc. 8795 0.0243 BioMarin Pharmaceutical Inc. BMRN 0.0243 CBRE Group Inc. Class A CBG 0.0243 Tokyu Corp. 9005 0.0243

20 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

XL Group plc Class A XL 0.0243 Bankia SA BKIA 0.0242 Verisk Analytics Inc. Class A VRSK 0.0242 Unum Group UNM 0.0242 BB Seguridade Participacoes SA BBSE3 0.0242 CA Inc. CA 0.0242 Sun Pharmaceutical Industries Ltd. SUNPHARMA 0.0241 Yara International ASA YAR 0.0241 CIT Group Inc. CIT 0.0240 Kimco Realty Corp. KIM 0.0240 Chubu Electric Power Co. Inc. 9502 0.0239 Skyworks Solutions Inc. SWKS 0.0239 Ajinomoto Co. Inc. 2802 0.0239 Equifax Inc. EFX 0.0238 Signet Jewelers Ltd. SIG 0.0238 Wolters Kluwer NV WKL 0.0238 American Water Works Co. Inc. AWK 0.0238 Toyota Industries Corp. 6201 0.0237 Shimano Inc. 7309 0.0237 Ball Corp. BLL 0.0237 IHS Inc. Class A IHS 0.0237 Vale SA Class B ADR VALE 0.0237 Smiths Group plc SMIN 0.0236 Investment AB Kinnevik KINV B 0.0236 Aspen Pharmacare Holdings Ltd. APN 0.0235 Universal Health Services Inc. Class B UHS 0.0235 Sumitomo Metal Mining Co. Ltd. 5713 0.0235 Laboratory Corp. of America Holdings LH 0.0234 Markel Corp. MKL 0.0234 HollyFrontier Corp. HFC 0.0234 Newell Rubbermaid Inc. NWL 0.0232 Campbell Soup Co. CPB 0.0232 Varian Medical Systems Inc. VAR 0.0232 Genworth Financial Inc. Class A GNW 0.0232 Li & Fung Ltd. 494 0.0231 Fidelity National Financial Inc. Class A FNF 0.0231 Best Buy Co. Inc. BBY 0.0231 Polaris Industries Inc. PII 0.0231 Sika AG SIK 0.0230 Mohawk Industries Inc. MHK 0.0230 Bidvest Group Ltd. BVT 0.0230 Noble Corp. plc NE 0.0230 Hospira Inc. HSP 0.0230 Incyte Corp. Ltd. INCY 0.0229 Ageas AGS 0.0229

21 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Petroleo Brasileiro SA ADR PBR 0.0229 Stockland SGP 0.0228 Ashland Inc. ASH 0.0228 Isuzu Motors Ltd. 7202 0.0228 Waters Corp. WAT 0.0228 GEA Group AG G1A 0.0228 Workday Inc. Class A WDAY 0.0228 Quest Diagnostics Inc. DGX 0.0228 International Flavors & Fragrances Inc. IFF 0.0227 Lenovo Group Ltd. 992 0.0227 Fiat SPA F 0.0227 Oceaneering International Inc. OII 0.0227 West Japan Railway Co. 9021 0.0227 F5 Networks Inc. FFIV 0.0226 Yamato Holdings Co. Ltd. 9064 0.0226 Ricoh Co. Ltd. 7752 0.0226 NOVATEK OAO GDR NVTK 0.0226 Tractor Supply Co. TSCO 0.0225 Powszechny Zaklad Ubezpieczen SA PZU 0.0225 Mega Financial Holding Co. Ltd. 2886 0.0225 Osaka Gas Co. Ltd. 9532 0.0225 NEC Corp. 6701 0.0225 TDC A/S TDC 0.0225 Vulcan Materials Co. VMC 0.0224 American Capital Agency Corp. AGNC 0.0224 CMS Energy Corp. CMS 0.0224 Jazz Pharmaceuticals plc JAZZ 0.0223 News Corp. Class A NWSA 0.0223 Nabors Industries Ltd. NBR 0.0223 Turkiye Garanti Bankasi AS GARAN 0.0223 Skanska AB Class B SKA B 0.0223 Expeditors International of Washington Inc. EXPD 0.0223 Interpublic Group of Cos. Inc. IPG 0.0223 RSA Insurance Group plc RSA 0.0222 Electricite de France SA EDF 0.0222 Gemalto NV 0.0222 Hexagon AB Class B HEXA B 0.0222 VMware Inc. Class A VMW 0.0221 Ono Pharmaceutical Co. Ltd. 4528 0.0221 Terumo Corp. 4543 0.0221 Leucadia National Corp. LUK 0.0221 Goodman Group GMG 0.0221 Advanced Info Service PCL (Local) ADVANC 0.0220 Aeon Co. Ltd. 8267 0.0220 Siam Commercial Bank PCL (Local) SCB 0.0220

22 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Groupe Bruxelles Lambert SA GBLB 0.0219 Dassault Systemes DSY 0.0219 Emaar Properties PJSC EMAAR 0.0219 Alfa Laval AB ALFA 0.0219 Veolia Environnement SA VIE 0.0218 Federal Realty Investment Trust FRT 0.0218 Asustek Computer Inc. 2357 0.0218 AGL Energy Ltd. AGK 0.0218 China Telecom Corp. Ltd. 728 0.0217 McCormick & Co. Inc./MD MKC 0.0217 Largan Precision Co. Ltd. 3008 0.0217 Harris Corp. HRS 0.0217 Jardine Strategic Holdings Ltd. J37 0.0217 Aryzta AG ARYN 0.0216 LG Electronics Inc. 066570 0.0215 Huntington Bancshares Inc./OH HBAN 0.0215 Alfa SAB de CV Class A ALFAA 0.0214 Sonova Holding AG SOON 0.0214 Uni-President Enterprises Corp. 1216 0.0214 Plum Creek Timber Co. Inc. PCL 0.0214 China Pacific Insurance Group Co. Ltd. 2601 0.0214 Severn Trent plc SVT 0.0214 Masco Corp. MAS 0.0213 TransDigm Group Inc. TDG 0.0213 Alstom SA ALO 0.0213 Aisin Seiki Co. Ltd. 7259 0.0213 Digital Realty Trust Inc. DLR 0.0213 Safeway Inc. SWY 0.0212 Hongkong Land Holdings Ltd. H78 0.0212 Hengan International Group Co. Ltd. 1044 0.0212 ACS Actividades de Construccion y Servicios SA ACS 0.0211 Sekisui House Ltd. 1928 0.0211 Swire Pacific Ltd. Class A 19 0.0211 Makita Corp. 6586 0.0211 Quanta Computer Inc. 2382 0.0211 Level 3 Communications Inc. LVLT 0.0211 Randgold Resources Ltd. RRS 0.0210 Expedia Inc. EXPE 0.0210 AP Moeller - Maersk A/S Class A MAERSK A 0.0210 Wartsila OYJ Abp WRT1V 0.0210 Nitto Denko Corp. 6988 0.0209 OGE Energy Corp. OGE 0.0209 Bank Mandiri Persero Tbk PT BMRI 0.0209 LIXIL Group Corp. 5938 0.0209 TD Ameritrade Holding Corp. AMTD 0.0208

23 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Hyundai Heavy Industries Co. Ltd. 009540 0.0208 Aberdeen Asset Management plc ADN 0.0208 Tesoro Corp. TSO 0.0208 Casino Guichard Perrachon SA CO 0.0207 J Sainsbury plc SBRY 0.0207 Intertek Group plc ITRK 0.0206 Volkswagen AG VOW 0.0205 CRH plc CRH 0.0205 Energizer Holdings Inc. ENR 0.0205 ServiceNow Inc. NOW 0.0205 Terna Rete Elettrica Nazionale SPA TRN 0.0204 Navient Corp. NAVI 0.0204 Bank Pekao SA PEO 0.0204 Ashtead Group plc AHT 0.0204 Wabtec Corp./DE WAB 0.0204 Unione di Banche Italiane SCpA UBI 0.0203 Rock-Tenn Co. Class A RKT 0.0203 Banco Bradesco SA BBDC3 0.0202 Core Laboratories NV CLB 0.0202 Bouygues SA EN 0.0202 Hindustan Unilever Ltd. HINDUNILVR 0.0202 Ryanair Holdings plc ADR RYAAY 0.0202 Cincinnati Financial Corp. CINF 0.0201 Mettler-Toledo International Inc. MTD 0.0200 Fibra Uno Administracion SA de CV FUNO11 0.0200 MeadWestvaco Corp. MWV 0.0200 PTT Exploration and Production PCL (Local) PTTEP 0.0199 Friends Life Group Ltd. FLG 0.0199 Sealed Air Corp. SEE 0.0199 Quanta Services Inc. PWR 0.0199 Royal Caribbean Cruises Ltd. RCL 0.0199 Kansai Electric Power Co. Inc. 9503 0.0198 Towers Watson & Co. Class A TW 0.0198 Continental Resources Inc./OK CLR 0.0198 Bharti Airtel Ltd. BHARTIARTL 0.0197 Arch Capital Group Ltd. ACGL 0.0197 Chicago Bridge & Iron Co. NV CBI 0.0197 Sage Group plc SGE 0.0196 Jarden Corp. JAH 0.0195 Bank of Yokohama Ltd. 8332 0.0195 First Republic Bank/CA FRC 0.0195 Hankyu Hanshin Holdings Inc. 9042 0.0195 Airgas Inc. ARG 0.0195 Torchmark Corp. TMK 0.0195 Norsk Hydro ASA NHY 0.0195

24 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Lear Corp. LEA 0.0195 Xylem Inc./NY XYL 0.0194 Lennar Corp. Class A LEN 0.0194 LKQ Corp. LKQ 0.0194 UDR Inc. UDR 0.0194 CCR SA CCRO3 0.0194 Newcrest Mining Ltd. NCM 0.0194 Shiseido Co. Ltd. 4911 0.0194 LG Display Co. Ltd. 034220 0.0193 ResMed Inc. RMD 0.0192 DR Horton Inc. DHI 0.0192 Garmin Ltd. GRMN 0.0192 Unicharm Corp. 8113 0.0191 Hammerson plc HMSO 0.0190 Staples Inc. SPLS 0.0190 Sensata Technologies Holding NV ST 0.0190 Iliad SA ILD 0.0190 Orkla ASA ORK 0.0190 Meggitt plc MGGT 0.0190 ANSYS Inc. ANSS 0.0189 IMI plc IMI 0.0189 Travis Perkins plc TPK 0.0188 Swiss Life Holding AG SLHN 0.0188 AngloGold Ashanti Ltd. ANG 0.0188 Tata Motors Ltd. TATAMOTORS 0.0188 Galp Energia SGPS SA GALP 0.0187 Direct Line Insurance Group plc DLG 0.0187 Willis Group Holdings plc WSH 0.0187 Swedish Match AB SWMA 0.0187 Hang Lung Properties Ltd. 101 0.0187 China Unicom Hong Kong Ltd. 762 0.0187 Carnival plc CCL 0.0186 JB Hunt Transport Services Inc. JBHT 0.0186 PulteGroup Inc. PHM 0.0186 Genting Bhd. GENTING 0.0186 SA DELB 0.0186 WR Grace & Co. GRA 0.0186 IDEXX Laboratories Inc. IDXX 0.0186 HDFC Bank Ltd. ADR HDB 0.0185 Crown Holdings Inc. CCK 0.0185 Shizuoka Bank Ltd. 8355 0.0185 Mitsubishi Motors Corp. 7211 0.0185 SK Innovation Co. Ltd. 096770 0.0185 Pepco Holdings Inc. POM 0.0185 G4S plc GFS 0.0184

25 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

DiGi.Com Bhd. DIGI 0.0184 WM Morrison plc MRW 0.0184 Japan Exchange Group Inc. 8697 0.0184 SCANA Corp. SCG 0.0184 Catcher Technology Co. Ltd. 2474 0.0183 Schindler Holding AG SCHP 0.0183 Aggreko plc AGK 0.0183 Kroton Educacional SA KROT3 0.0183 JGC Corp. 1963 0.0183 Saipem SPA SPM 0.0182 Kuehne + Nagel International AG KNIN 0.0182 Mondi plc MNDI 0.0182 Alliant Energy Corp. LNT 0.0181 Orica Ltd. ORI 0.0181 HCL Technologies Ltd. HCLTECH 0.0181 Shionogi & Co. Ltd. 4507 0.0181 Manpowergroup Inc. MAN 0.0181 New York Community Bancorp Inc. NYCB 0.0181 Sprint Corp. S 0.0181 St. James’s Place plc STJ 0.0181 DENTSPLY International Inc. XRAY 0.0181 Symrise AG SY1 0.0180 Fortescue Metals Group Ltd. FMG 0.0180 IHI Corp. 7013 0.0180 Ziggo NV ZIGGO 0.0180 Lend Lease Group LLC 0.0180 Jacobs Engineering Group Inc. JEC 0.0180 Henderson Land Development Co. Ltd. 12 0.0180 3i Group plc III 0.0179 Sesa Sterlite Ltd. SSLT 0.0179 Lazard Ltd. Class A LAZ 0.0179 Persimmon plc PSN 0.0179 CP ALL PCL (Local) CPALL 0.0178 Scripps Networks Interactive Inc. Class A SNI 0.0178 Denbury Resources Inc. DNR 0.0177 Enagas SA ENG 0.0177 OMV AG OMV 0.0177 CapitaLand Ltd. C31 0.0177 Dai Nippon Printing Co. Ltd. 7912 0.0176 Toyota Tsusho Corp. 8015 0.0176 Global Logistic Properties Ltd. MC0 0.0176 Zodiac Aerospace ZC 0.0176 Genting Singapore plc G13 0.0176 State Bank of India SBIN 0.0176 WABCO Holdings Inc. WBC 0.0176

26 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

VeriSign Inc. VRSN 0.0176 Kintetsu Corp. 9041 0.0176 Sonic Healthcare Ltd. SHL 0.0176 Chunghwa Telecom Co. Ltd. ADR CHT 0.0176 Hormel Foods Corp. HRL 0.0176 ASX Ltd. ASX 0.0175 International Consolidated Airlines Group SA (London Shares) IAG 0.0175 Cintas Corp. CTAS 0.0175 Rexam plc REX 0.0174 Heineken Holding NV HEIO 0.0174 Energen Corp. EGN 0.0174 Williams-Sonoma Inc. WSM 0.0173 Raymond James Financial Inc. RJF 0.0173 Shoprite Holdings Ltd. SHP 0.0173 GPT Group GPT 0.0173 Teradata Corp. TDC 0.0173 Hubbell Inc. Class B HUB.B 0.0172 NGK Insulators Ltd. 5333 0.0172 Family Dollar Stores Inc. FDO 0.0172 MMC Norilsk Nickel OJSC ADR MNOD 0.0172 Lindt & Spruengli AG LISN 0.0172 Taylor Wimpey plc TW. 0.0171 Pinnacle West Capital Corp. PNW 0.0171 Larsen & Toubro Ltd. LT 0.0171 Avon Products Inc. AVP 0.0170 Chugai Pharmaceutical Co. Ltd. 4519 0.0170 AtoS ATO 0.0170 Ally Financial Inc. ALLY 0.0170 Barratt Developments plc BDEV 0.0170 K+S AG SDF 0.0170 MDU Resources Group Inc. MDU 0.0169 China Mengniu Dairy Co. Ltd. 2319 0.0169 Groupe Eurotunnel SA GET 0.0169 Hasbro Inc. HAS 0.0168 Chemicals Group Bhd. PCHEM 0.0168 IOI Corp. Bhd. IOICORP 0.0168 NSK Ltd. 6471 0.0168 Yahoo Japan Corp. 4689 0.0168 National Fuel Gas Co. NFG 0.0167 Petronas Gas Bhd. PETGAS 0.0167 NGK Spark Plug Co. Ltd. 5334 0.0167 Grupo Financiero Inbursa SAB de CV GFINBURO 0.0167 Deutsche Wohnen AG DWNI 0.0167 AMEC plc AMEC 0.0167 Robert Half International Inc. RHI 0.0167

27 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Mirvac Group MGR 0.0167 3D Systems Corp. DDD 0.0167 LANXESS AG LXS 0.0167 Joy Global Inc. JOY 0.0166 Tatneft OAO ADR ATAD 0.0166 Thales SA HO 0.0166 Gartner Inc. IT 0.0165 SM Investments Corp. SM 0.0165 Bureau Veritas SA BVI 0.0165 London Stock Exchange Group plc LSE 0.0165 Martin Marietta Materials Inc. MLM 0.0165 Avnet Inc. AVT 0.0165 Tokyo Electric Power Co. Inc. 9501 0.0165 Asahi Glass Co. Ltd. 5201 0.0165 Donaldson Co. Inc. DCI 0.0164 Edenred EDEN 0.0164 Iron Mountain Inc. IRM 0.0164 Rexel SA RXL 0.0164 Darden Restaurants Inc. DRI 0.0164 Cree Inc. CREE 0.0164 ADT Corp. ADT 0.0164 Dexus Property Group DXS 0.0164 Everest Re Group Ltd. RE 0.0163 Mitsubishi Chemical Holdings Corp. 4188 0.0163 Odakyu Electric Railway Co. Ltd. 9007 0.0163 Akbank TAS AKBNK 0.0163 Arrow Electronics Inc. ARW 0.0163 Philippine Long Distance Telephone Co. TEL 0.0162 Telecom Italia SPA (Bearer) TITR 0.0162 Banco Popolare SC BP 0.0162 Seiko Epson Corp. 6724 0.0162 Colfax Corp. CFX 0.0162 Synopsys Inc. SNPS 0.0161 Natixis KN 0.0160 Mahindra & Mahindra Ltd. M&M 0.0160 Kawasaki Heavy Industries Ltd. 7012 0.0160 Taisei Corp. 1801 0.0160 PetSmart Inc. PETM 0.0159 Hologic Inc. HOLX 0.0159 Windstream Holdings Inc. WIN 0.0159 Randstad Holding NV RAND 0.0159 Rosneft OAO GDR ROSN 0.0159 Samsung SDI Co. Ltd. 006400 0.0158 Belle International Holdings Ltd. 1880 0.0158 Computershare Ltd. CPU 0.0158

28 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Sumitomo Chemical Co. Ltd. 4005 0.0158 Chunghwa Telecom Co. Ltd. 2412 0.0158 Metro AG MEO 0.0157 TDK Corp. 6762 0.0157 Marvell Technology Group Ltd. MRVL 0.0157 Frontier Communications Corp. FTR 0.0157 Sysmex Corp. 6869 0.0156 Arkema SA AKE 0.0156 Huntsman Corp. HUN 0.0156 Cobham plc COB 0.0156 Camden Property Trust CPT 0.0156 KGHM Polska Miedz SA KGH 0.0155 New World Development Co. Ltd. 17 0.0155 James Hardie Industries plc JHX 0.0155 Hilton Worldwide Holdings Inc. HLT 0.0154 QIAGEN NV QIA 0.0154 STMicroelectronics NV STM 0.0154 Integrys Energy Group Inc. TEG 0.0154 Eutelsat Communications SA ETL 0.0154 Albemarle Corp. ALB 0.0153 DSV A/S DSV 0.0153 Lonza Group AG LONN 0.0153 NOVATEK OAO NVTK 0.0153 Tobu Railway Co. Ltd. 9001 0.0153 Maxis Bhd. MAXIS 0.0152 Cobalt International Energy Inc. CIE 0.0152 Electrolux AB Class B ELUX B 0.0152 Timken Co. TKR 0.0152 SM Energy Co. SM 0.0152 Jones Lang LaSalle Inc. JLL 0.0152 Tohoku Electric Power Co. Inc. 9506 0.0151 Stora Enso Oyj STERV 0.0151 Grupo Bimbo SAB de CV Class A BIMBOA 0.0151 China Minsheng Banking Corp. Ltd. 1988 0.0151 Nikon Corp. 7731 0.0151 Peugeot SA UG 0.0151 LG Corp. 003550 0.0151 Reinsurance Group of America Inc. Class A RGA 0.0151 Ulta Salon Cosmetics & Fragrance Inc. ULTA 0.0150 Ramsay Health Care Ltd. RHC 0.0150 Bank of East Asia Ltd. 23 0.0150 QEP Resources Inc. QEP 0.0150 Bank of Communications Co. Ltd. 3328 0.0150 Alexandria Real Estate Equities Inc. ARE 0.0150 Yakult Honsha Co. Ltd. 2267 0.0150

29 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

National Bank of Greece SA ETE 0.0149 Baloise Holding AG BALN 0.0149 Woolworths Holdings Ltd./South Africa WHL 0.0149 Chiba Bank Ltd. 8331 0.0148 Legg Mason Inc. LM 0.0148 Tate & Lyle plc TATE 0.0148 Rohm Co. Ltd. 6963 0.0148 Realogy Holdings Corp. RLGY 0.0148 Splunk Inc. SPLK 0.0148 Co. Ltd. 489 0.0147 Distribuidora Internacional de Alimentacion SA DIA 0.0147 Inmarsat plc ISAT 0.0147 Hannover Rueck SE HNR1 0.0147 Crown Resorts Ltd. CWN 0.0147 Zions Bancorporation ZION 0.0146 Bankinter SA BKT 0.0146 Wilmar International Ltd. F34 0.0146 Bhd. TENAGA 0.0146 China Resources Power Holdings Co. Ltd. 836 0.0146 Pirelli & C. SPA PC 0.0146 Reliance Steel & Aluminum Co. RS 0.0146 ENN Energy Holdings Ltd. 2688 0.0145 MTR Corp. Ltd. 66 0.0145 Voestalpine AG VOE 0.0145 Pharmacyclics Inc. PCYC 0.0145 Impala Platinum Holdings Ltd. IMP 0.0145 Bancolombia SA ADR CIB 0.0145 Singapore Press Holdings Ltd. T39 0.0145 PartnerRe Ltd. PRE 0.0145 Swatch Group AG (Registered) UHRN 0.0144 MSCI Inc. Class A MSCI 0.0144 Petrofac Ltd. PFC 0.0144 Tingyi Cayman Islands Holding Corp. 322 0.0144 Royal Mail plc RMG 0.0144 Hotai Motor Co. Ltd. 2207 0.0144 BIM Birlesik Magazalar AS BIMAS 0.0143 Smurfit Kappa Group plc SK3 0.0143 Subsea 7 SA SUBC 0.0143 Fletcher Building Ltd. FBU 0.0143 APA Group APA 0.0143 Clariant AG CLN 0.0142 Aeroports de Paris ADP 0.0142 Vallourec SA VK 0.0142 Kyushu Electric Power Co. Inc. 9508 0.0142 PGE SA PGE 0.0142

30 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Admiral Group plc ADM 0.0142 SapuraKencana Petroleum Bhd. SKPETRO 0.0141 Taiwan Mobile Co. Ltd. 3045 0.0141 Berkeley Group Holdings plc BKG 0.0141 Yuanta Financial Holding Co. Ltd. 2885 0.0141 Asciano Ltd. AIO 0.0140 Nokian Renkaat Oyj NRE1V 0.0140 Discovery Communications Inc. DISCK 0.0140 Allison Transmission Holdings Inc. ALSN 0.0140 Konica Minolta Inc. 4902 0.0140 Perusahaan Gas Negara Persero Tbk PT PGAS 0.0139 Brilliance China Automotive Holdings Ltd. 1114 0.0139 NTPC Ltd. NTPC 0.0138 Metso Oyj MEO1V 0.0138 Sharp Corp./Japan 6753 0.0138 Umicore SA UMI 0.0138 Hugo Boss AG BOSS 0.0137 Voya Financial Inc. VOYA 0.0137 Turkcell Iletisim Hizmetleri AS TCELL 0.0137 Croda International plc CRDA 0.0137 easyJet plc EZJ 0.0137 Seek Ltd. SEK 0.0136 Grupo de Inversiones Suramericana SA GRUPOSURA 0.0136 John Wood Group plc WG. 0.0136 Bendigo and Adelaide Bank Ltd. BEN 0.0135 Credicorp Ltd. BAP 0.0135 Suntory Beverage & Food Ltd. 2587 0.0135 Formosa Petrochemical Corp. 6505 0.0135 Klepierre LI 0.0135 Sekisui Chemical Co. Ltd. 4204 0.0135 SEI Investments Co. SEIC 0.0134 United Internet AG UTDI 0.0134 Deutsche Lufthansa AG LHA 0.0134 Inc. 2651 0.0134 CEZ AS BAACEZ 0.0133 William Hill plc WMH 0.0133 Informa plc INF 0.0133 Sino Land Co. Ltd. 83 0.0133 Growthpoint Properties Ltd. GRT 0.0133 Barclays Africa Group Ltd. BGA 0.0133 Beijing Enterprises Holdings Ltd. 392 0.0133 Taiwan Cement Corp. 1101 0.0133 Hyundai Steel Co. 004020 0.0132 Herbalife Ltd. HLF 0.0132 City Developments Ltd. C09 0.0132

31 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

FactSet Research Systems Inc. FDS 0.0132 Empresas COPEC SA COPEC 0.0132 Hanesbrands Inc. HBI 0.0132 FLIR Systems Inc. FLIR 0.0132 Taiheiyo Cement Corp. 5233 0.0132 Avery Dennison Corp. AVY 0.0132 Obayashi Corp. 1802 0.0132 Suez Environnement Co. SEV 0.0131 Turkiye Halk Bankasi AS HALKB 0.0131 Dresser-Rand Group Inc. DRC 0.0131 Partners Group Holding AG PGHN 0.0131 Nippon Paint Co. Ltd. 4612 0.0131 NTT Data Corp. 9613 0.0131 Schroders plc (Voting Shares) SDR 0.0131 SCOR SE SCR 0.0131 NVR Inc. NVR 0.0131 E-Mart Co. Ltd. 139480 0.0130 Mediobanca SPA MB 0.0130 Yamaha Motor Co. Ltd. 7272 0.0130 Coca-Cola Amatil Ltd. CCL 0.0130 Samsung Heavy Industries Co. Ltd. 010140 0.0129 Melrose Industries plc MRO 0.0129 Amorepacific Corp. 090430 0.0129 Electric Power Development Co. Ltd. 9513 0.0129 Intu Properties plc INTU 0.0129 Galenica AG GALN 0.0129 Prysmian SPA PRY 0.0129 Cheng Shin Rubber Industry Co. Ltd. 2105 0.0129 Getinge AB GETI B 0.0129 Coca-Cola Femsa SAB de CV KOFL 0.0129 Keio Corp. 9008 0.0128 Isetan Mitsukoshi Holdings Ltd. 3099 0.0128 WR Berkley Corp. WRB 0.0128 Singapore Technologies Engineering Ltd. S63 0.0128 Mexichem SAB de CV MEXCHEM* 0.0128 AGCO Corp. AGCO 0.0128 Nuance Communications Inc. NUAN 0.0127 MTU Aero Engines AG MTX 0.0127 PTT PCL (Foreign) PTT-F 0.0127 SK Holdings Co. Ltd. 003600 0.0127 MEIJI Holdings Co. Ltd. 2269 0.0127 People’s United Financial Inc. PBCT 0.0127 Toppan Printing Co. Ltd. 7911 0.0127 Nippon Yusen KK 9101 0.0127 Coway Co. Ltd. 021240 0.0126

32 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Belgacom SA BELG 0.0126 Shimizu Corp. 1803 0.0126 China CITIC Bank Corp. Ltd. 998 0.0126 China Development Financial Holding Corp. 2883 0.0126 Lindt & Spruengli AG LISP 0.0126 Antofagasta plc ANTO 0.0126 Ecopetrol SA ADR EC 0.0126 Inotera Memories Inc. 3474 0.0126 Hirose Electric Co. Ltd. 6806 0.0126 Uralkali OJSC URKA 0.0125 Investec plc INVP 0.0125 Hudson City Bancorp Inc. HCBK 0.0125 Kunlun Energy Co. Ltd. 135 0.0125 Hargreaves Lansdown plc HL. 0.0125 SJM Holdings Ltd. 880 0.0125 Bandai Namco Holdings Inc. 7832 0.0125 Advanced Semiconductor Engineering Inc. 2311 0.0124 Singapore Exchange Ltd. S68 0.0124 Swiss Prime Site AG SPSN 0.0124 Coca-Cola HBC AG CCH 0.0123 AAC Technologies Holdings Inc. 2018 0.0123 NASDAQ OMX Group Inc. NDAQ 0.0122 President Chain Store Corp. 2912 0.0122 BRF SA ADR BRFS 0.0122 PICC Property & Casualty Co. Ltd. 2328 0.0122 Piraeus Bank SA TPEIR 0.0122 Elekta AB Class B EKTA B 0.0122 Santen Pharmaceutical Co. Ltd. 4536 0.0122 Fossil Group Inc. FOSL 0.0122 Kasikornbank PCL KBANK 0.0122 China Oilfield Services Ltd. 2883 0.0121 Hankook Tire Co. Ltd. 161390 0.0121 Fugro NV FUR 0.0121 Rayonier Inc. RYN 0.0121 Wendel SA MF 0.0121 Nedbank Group Ltd. NED 0.0120 Keikyu Corp. 9006 0.0120 Axis Capital Holdings Ltd. AXS 0.0120 Incitec Pivot Ltd. IPL 0.0120 Kuraray Co. Ltd. 3405 0.0120 Ecopetrol SA ECOPETROL 0.0120 Kobe Steel Ltd. 5406 0.0119 Peabody Energy Corp. BTU 0.0119 First Financial Holding Co. Ltd. 2892 0.0119 Segro plc SGRO 0.0119

33 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Hang Lung Group Ltd. 10 0.0119 Nippon Express Co. Ltd. 9062 0.0119 Mitsubishi Materials Corp. 5711 0.0119 Drax Group plc DRX 0.0118 Enel Green Power SPA EGPW 0.0118 Lundin Petroleum AB LUPE 0.0118 Tiger Brands Ltd. TBS 0.0118 Brother Industries Ltd. 6448 0.0118 Surgutneftegas OAO ADR SGGD 0.0118 Koninklijke Boskalis Westminster NV BOKA 0.0118 MAN SE MAN 0.0118 Polski Koncern Naftowy Orlen SA PKN 0.0118 SPX Corp. SPW 0.0117 SACI Falabella FALABELLA 0.0117 Sistema JSFC GDR SSA 0.0117 Asics Corp. 7936 0.0117 Owens Corning OC 0.0117 OSRAM Licht AG OSR 0.0116 Bilfinger SE GBF 0.0116 TOTO Ltd. 5332 0.0116 Hua Nan Financial Holdings Co. Ltd. 2880 0.0116 Kansai Paint Co. Ltd. 4613 0.0115 Chugoku Electric Power Co. Inc. 9504 0.0115 Telecom Corp. of New Zealand Ltd. TEL 0.0115 Tatts Group Ltd. TTS 0.0115 TNT Express NV TNTE 0.0115 Ocwen Financial Corp. OCN 0.0115 AutoNation Inc. AN 0.0115 Samsonite International SA 1910 0.0115 LPL Financial Holdings Inc. LPLA 0.0115 Noble Group Ltd. N21 0.0115 Schibsted ASA SCH 0.0114 Telefonica Brasil SA Preference Shares VIVT4 0.0114 Singapore Airlines Ltd. C6L 0.0114 Andritz AG ANDR 0.0114 LG Household & Health Care Ltd. 051900 0.0114 Nitori Holdings Co. Ltd. 9843 0.0113 Lululemon Athletica Inc. LULU 0.0113 First Gulf Bank PJSC FGB 0.0113 Mitsui OSK Lines Ltd. 9104 0.0113 Far Eastern New Century Corp. 1402 0.0113 Anhui Conch Cement Co. Ltd. 914 0.0113 Hyundai Glovis Co. Ltd. 086280 0.0113 Coal India Ltd. COALINDIA 0.0113 Sky Deutschland AG SKYD 0.0112

34 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Fukuoka Financial Group Inc. 8354 0.0112 Netcare Ltd. NTC 0.0112 CapitaMall Trust C38U 0.0112 Sydney Airport SYD 0.0112 Itau Unibanco Holding SA ITUB3 0.0112 Korea Zinc Co. Ltd. 010130 0.0112 Industrivarden AB Class A INDU A 0.0111 Ayala Land Inc. ALI 0.0111 Grupo BTG Pactual BBTG11 0.0110 Hyundai Engineering & Construction Co. Ltd. 000720 0.0110 Wynn Macau Ltd. 1128 0.0110 Mapfre SA MAP 0.0110 Innolux Corp. 3481 0.0110 Nissin Foods Holdings Co. Ltd. 2897 0.0110 CFS Property Trust Group CFX 0.0109 Exor SPA EXO 0.0109 Stanley Electric Co. Ltd. 6923 0.0109 Vodacom Group Ltd. VOD 0.0109 Jeronimo Martins SGPS SA JMT 0.0109 Kepong Bhd. KLK 0.0109 Techtronic Industries Co. 669 0.0108 Shinsei Bank Ltd. 8303 0.0108 ComfortDelGro Corp. Ltd. C52 0.0108 Byd Co. Ltd. 1211 0.0108 Grupo Financiero Santander Mexico SAB de CV Class B SANMEXB 0.0108 Kikkoman Corp. 2801 0.0107 Siam Cement PCL (Foreign) SCC-F 0.0107 Genting Malaysia Bhd. GENM 0.0107 AMMB Holdings Bhd. AMBANK 0.0107 Boliden AB BOL 0.0107 Lojas Renner SA LREN3 0.0107 Sega Sammy Holdings Inc. 6460 0.0107 Minebea Co. Ltd. 6479 0.0107 Bank of Queensland Ltd. BOQ 0.0107 VTB Bank OJSC VTBR 0.0106 Kotak Mahindra Bank Ltd. KOTAKBANK 0.0106 Souza Cruz SA CRUZ3 0.0106 Haci Omer Sabanci Holding AS (Bearer) SAHOL 0.0106 Oji Holdings Corp. 3861 0.0106 Altice SA ATC 0.0106 Great Wall Motor Co. Ltd. 2333 0.0105 Hulic Co. Ltd. 3003 0.0105 Mr Price Group Ltd. MPC 0.0105 Challenger Ltd./Australia CGF 0.0104 Sembcorp Industries Ltd. U96 0.0104

35 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Taishin Financial Holding Co. Ltd. 2887 0.0104 Tokyo Tatemono Co. Ltd. 8804 0.0104 KT Corp. 030200 0.0104 Semen Indonesia Persero Tbk PT SMGR 0.0104 Almacenes Exito SA EXITO 0.0104 JTEKT Corp. 6473 0.0103 ICADE ICAD 0.0103 NH Foods Ltd. 2282 0.0103 Aozora Bank Ltd. 8304 0.0103 Turkiye Is Bankasi ISCTR 0.0103 Cencosud SA CENCOSUD 0.0103 PTT PCL PTT 0.0103 Suruga Bank Ltd. 8358 0.0103 Joyo Bank Ltd. 8333 0.0103 Rackspace Hosting Inc. RAX 0.0102 Rinnai Corp. 5947 0.0102 Daily Mail & General Trust plc DMGT 0.0102 China Everbright International Ltd. 257 0.0102 Boral Ltd. BLD 0.0102 Raiffeisen Bank International AG RBI 0.0102 Kajima Corp. 1812 0.0102 Cia Brasileira de Distribuicao Grupo Pao de Acucar Preference Shares PCAR4 0.0102 Far EasTone Telecommunications Co. Ltd. 4904 0.0101 Amada Co. Ltd. 6113 0.0101 PSP Swiss Property AG PSPN 0.0101 Daihatsu Motor Co. Ltd. 7262 0.0101 Tech Mahindra Ltd. TECHM 0.0101 IHH Healthcare Bhd. IHH 0.0101 Lagardere SCA MMB 0.0101 Hino Motors Ltd. 7205 0.0100 WEG SA WEGE3 0.0100 Chr Hansen Holding A/S CHR 0.0100 Societe BIC SA BB 0.0100 BR Malls Participacoes SA BRML3 0.0099 Kyowa Hakko Kirin Co. Ltd. 4151 0.0099 OTP Bank plc OTP 0.0099 Tokyu Fudosan Holdings Corp. 3289 0.0099 China Longyuan Power Group Corp. 916 0.0099 Securitas AB Class B SECU B 0.0099 Latam Airlines Group SA LAN 0.0099 Lite-On Technology Corp. 2301 0.0099 Ascendas REIT A17U 0.0099 USS Co. Ltd. 4732 0.0099 Enersis SA ADR ENI 0.0099 Fonciere Des Regions FDR 0.0099

36 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Hisamitsu Pharmaceutical Co. Inc. 4530 0.0099 E.Sun Financial Holding Co. Ltd. 2884 0.0099 Life Healthcare Group Holdings Ltd. LHC 0.0098 SK C&C Co. Ltd. 034730 0.0098 Prada SPA 1913 0.0098 Anhanguera Educacional Participacoes SA AEDU3 0.0098 Tele2 AB TEL2 B 0.0098 Finmeccanica SPA FNC 0.0098 Hutchison Port Holdings Trust NS8U 0.0098 GCL-Poly Energy Holdings Ltd. 3800 0.0098 Colruyt SA COLR 0.0097 Alpha Bank AE ALPHA 0.0097 J Front Retailing Co. Ltd. 3086 0.0097 Compal Electronics Inc. 2324 0.0096 Casio Computer Co. Ltd. 6952 0.0096 Bollore SA BOL 0.0096 China Merchants Holdings International Co. Ltd. 144 0.0096 Jardine Cycle & Carriage Ltd. C07 0.0096 Komercni Banka AS BAAKOMB 0.0096 Huaneng Power International Inc. 902 0.0096 Woori Finance Holdings Co. Ltd. 053000 0.0095 WorleyParsons Ltd. WOR 0.0095 Embraer SA EMBR3 0.0095 Nagoya Railroad Co. Ltd. 9048 0.0094 HTC Corp. 2498 0.0094 Hero MotoCorp Ltd. HEROMOTOCO 0.0094 Urban Outfitters Inc. URBN 0.0094 Suntec REIT T82U 0.0094 United Spirits Ltd. MCDOWELL-N 0.0094 SinoPac Financial Holdings Co. Ltd. 2890 0.0094 AK Transneft OAO Preference Shares TRNFP 0.0094 ICAP plc IAP 0.0094 Rentokil Initial plc RTO 0.0094 Serco Group plc SRP 0.0094 Bank of the Philippine Islands BPI 0.0093 Cia Energetica de Minas Gerais Preference Shares CMIG4 0.0093 Alleghany Corp. Y 0.0093 Lotte Shopping Co. Ltd. 023530 0.0093 CNP Assurances CNP 0.0093 Diamond Offshore Drilling Inc. DO 0.0093 Corio NV 0.0093 TUI Travel plc TT. 0.0093 Cheung Kong Infrastructure Holdings Ltd. 1038 0.0093 Quintiles Transnational Holdings Inc. Q 0.0093 Trend Micro Inc./Japan 4704 0.0093

37 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Ayala Corp. AC 0.0093 Swire Properties Ltd. 1972 0.0093 Hamamatsu Photonics KK 6965 0.0092 IMMOFINANZ AG IIA 0.0092 Antero Resources Corp. AR 0.0092 China Resources Enterprise Ltd. 291 0.0092 Wheelock & Co. Ltd. 20 0.0092 Taisho Pharmaceutical Holdings Co. Ltd. 4581 0.0092 China Resources Land Ltd. 1109 0.0092 Benesse Holdings Inc. 9783 0.0092 Banco Santander Brasil SA/Brazil ADR BSBR 0.0092 JSR Corp. 4185 0.0092 Imperial Holdings Ltd. IPL 0.0092 Lojas Americanas SA Preference Shares LAME4 0.0092 Intouch Holdings PCL INTUCH-R 0.0091 Twenty-First Century Fox Inc. FOX 0.0091 Mitsubishi Tanabe Pharma Corp. 4508 0.0091 Japan Airlines Co. Ltd. 9201 0.0091 Taiwan Cooperative Financial Holding Co. Ltd. 5880 0.0091 Orion Corp./Republic of Korea 001800 0.0091 Federation Centres Ltd. FDC 0.0091 Westlake Chemical Corp. WLK 0.0090 Kangwon Land Inc. 035250 0.0090 United Microelectronics Corp. ADR UMC 0.0090 Advanced Semiconductor Engineering Inc. ADR ASX 0.0089 Bank of Kyoto Ltd. 8369 0.0089 Credit Saison Co. Ltd. 8253 0.0089 RMB Holdings Ltd. RMH 0.0089 Cochlear Ltd. COH 0.0089 Endesa SA ELE 0.0089 Sulzer AG SUN 0.0089 Tatneft OAO TATN 0.0088 Fortune Brands Home & Security Inc. FBHS 0.0088 Hypermarcas SA HYPE3 0.0088 Mediaset SPA MS 0.0088 Cheil Industries Inc. 001300 0.0088 Asia Cement Corp. 1102 0.0088 Pegatron Corp. 4938 0.0088 Banco Santander Brasil SA/Brazil SANB11 0.0088 Patterson Cos. Inc. PDCO 0.0088 Koito Manufacturing Co. Ltd. 7276 0.0088 DP World Ltd. DPW 0.0088 OCI OCI 0.0088 Iluka Resources Ltd. ILU 0.0087 Toll Holdings Ltd. TOL 0.0087

38 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Industrias Penoles SAB de CV PE&OLES* 0.0087 Polskie Gornictwo Naftowe i Gazownictwo SA PGN 0.0087 Koninklijke Vopak NV VPK 0.0087 Samsung Electro-Mechanics Co. Ltd. 009150 0.0087 Eurazeo SA RF 0.0087 KCC Corp. 002380 0.0086 Pou Chen Corp. 9904 0.0086 Schindler Holding AG (Registered) SCHN 0.0086 CETIP SA - Mercados Organizados CTIP3 0.0086 Don Quijote Holdings Co. Ltd. 7532 0.0085 Mediclinic International Ltd. MDC 0.0085 Fuchs Petrolub SE Preference Shares FPE3 0.0085 GAM Holding AG GAM 0.0085 China Gas Holdings Ltd. 384 0.0085 Yokogawa Electric Corp. 6841 0.0085 Alumina Ltd. AWC 0.0085 KOC Holding AS KCHOL 0.0085 Banco de Chile CHILE 0.0085 BDO Unibank Inc. BDO 0.0085 Nomura Research Institute Ltd. 4307 0.0085 ALS Ltd./Queensland ALQ 0.0084 Iyo Bank Ltd. 8385 0.0084 Universal Robina Corp. URC 0.0084 MMC Norilsk Nickel OJSC GMKN 0.0084 Alfresa Holdings Corp. 2784 0.0084 Ryman Healthcare Ltd. RYM 0.0084 Tractebel Energia SA TBLE3 0.0084 Credicorp Ltd. BAP 0.0084 Enersis SA ENERSIS 0.0084 Yamada Denki Co. Ltd. 9831 0.0084 Hermes International RMS 0.0084 Kabel Deutschland Holding AG KD8 0.0084 China Communications Construction Co. Ltd. 1800 0.0083 Yaskawa Electric Corp. 6506 0.0083 Gjensidige Forsikring ASA GJF 0.0083 OCI Co. Ltd. 010060 0.0083 Treasury Wine Estates Ltd. TWE 0.0083 Sports Direct International plc SPD 0.0083 Truworths International Ltd. TRU 0.0083 Bank Negara Indonesia Persero Tbk PT BBNI 0.0082 Hachijuni Bank Ltd. 8359 0.0082 Natura Cosmeticos SA NATU3 0.0082 Auckland International Airport Ltd. AIA 0.0082 Asian Paints Ltd. ASIANPAINT 0.0082 Toyo Suisan Kaisha Ltd. 2875 0.0082

39 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Inventec Corp. 2356 0.0081 Daicel Corp. 4202 0.0081 Grupo Aeroportuario del Sureste SAB de CV Class B ASURB 0.0081 Hyundai Wia Corp. 011210 0.0081 Gerdau SA Preference Shares GGBR4 0.0081 British American Tobacco Malaysia Bhd. BAT 0.0081 Zardoya Otis SA ZOT 0.0081 Seibu Holdings Inc. 9024 0.0080 Celltrion Inc. 068270 0.0080 Tupras Turkiye Petrol Rafinerileri AS TUPRS 0.0080 Gamuda Bhd. GAMUDA 0.0080 United Tractors Tbk PT UNTR 0.0080 Kasikornbank PCL (Foreign) KBANK-F 0.0080 Sony Financial Holdings Inc. 8729 0.0080 Hysan Development Co. Ltd. 14 0.0080 Power Grid Corp. of India Ltd. POWERGRID 0.0080 SBM Offshore NV SBMO 0.0080 Kalbe Farma Tbk PT KLBF 0.0079 Ultratech Cement Ltd. ULTRACEMCO 0.0079 FireEye Inc. FEYE 0.0079 NetSuite Inc. N 0.0079 Tosoh Corp. 4042 0.0079 Embraer SA ADR ERJ 0.0079 MegaFon OAO GDR MFON 0.0079 Hitachi Metals Ltd. 5486 0.0079 Envision Healthcare Holdings Inc. EVHC 0.0079 Mitsubishi UFJ Lease & Finance Co. Ltd. 8593 0.0078 Cia Brasileira de Distribuicao ADR CBD 0.0078 Hokuhoku Financial Group Inc. 8377 0.0078 Industrivarden AB INDU C 0.0078 Norwegian Cruise Line Holdings Ltd. NCLH 0.0078 EMS-Chemie Holding AG EMSN 0.0078 Nisshin Seifun Group Inc. 2002 0.0078 Cairn India Ltd. CAIRN 0.0078 AEON Financial Service Co. Ltd. 8570 0.0078 Burger King Worldwide Inc. BKW 0.0078 Sprouts Farmers Market Inc. SFM 0.0078 Maruti Suzuki India Ltd. MARUTI 0.0078 BlueScope Steel Ltd. BSL 0.0078 Keisei Electric Railway Co. Ltd. 9009 0.0077 Ansell Ltd. ANN 0.0077 TUI AG TUI1 0.0077 BS Financial Group Inc. 138930 0.0077 PPB Group Bhd. PPB 0.0077 Ebara Corp. 6361 0.0077

40 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Tim Participacoes SA TIMP3 0.0077 Golden Agri-Resources Ltd. E5H 0.0077 Miraca Holdings Inc. 4544 0.0077 M3 Inc. 2413 0.0077 MISC Bhd. MISC 0.0077 Husqvarna AB HUSQ B 0.0077 THK Co. Ltd. 6481 0.0077 Unilever Indonesia Tbk PT UNVR 0.0077 Suzuken Co. Ltd./Aichi Japan 9987 0.0077 Discovery Ltd. DSY 0.0076 Intercept Pharmaceuticals Inc. ICPT 0.0076 Toho Gas Co. Ltd. 9533 0.0076 Gold Fields Ltd. GFI 0.0076 Fuji Electric Co. Ltd. 6504 0.0076 Bajaj Auto Ltd. BAJAJ-AUTO 0.0076 Owens-Illinois Inc. OI 0.0076 Novatek Microelectronics Corp. 3034 0.0076 SM Prime Holdings Inc. SMPH 0.0076 Aboitiz Equity Ventures Inc. AEV 0.0076 Chugoku Bank Ltd. 8382 0.0076 Tsingtao Brewery Co. Ltd. 168 0.0076 Empresa Nacional de Electricidad SA/Chile ADR EOC 0.0076 Alliance Global Group Inc. AGI 0.0076 Evonik Industries AG EVK 0.0076 China State Construction International Holdings Ltd. 3311 0.0076 Yamaha Corp. 7951 0.0075 Imerys SA NK 0.0075 Yue Yuen Industrial Holdings Ltd. 551 0.0075 Wing Hang Bank Ltd. 302 0.0075 Bank PCL (Local) BBL 0.0075 Eiffage SA FGR 0.0075 Hiroshima Bank Ltd. 8379 0.0075 Toho Co. Ltd./ Tokyo 9602 0.0075 ANA Holdings Inc. 9202 0.0075 Air Water Inc. 4088 0.0075 Telenet Group Holding NV TNET 0.0075 Gunma Bank Ltd. 8334 0.0075 CITIC Pacific Ltd. 267 0.0074 Sembcorp Marine Ltd. S51 0.0074 United Microelectronics Corp. 2303 0.0074 Caltex Australia Ltd. CTX 0.0074 Richter Gedeon Nyrt RICHTER 0.0074 Shimadzu Corp. 7701 0.0074 Kurita Water Industries Ltd. 6370 0.0074 Rosneft OAO ROSN 0.0074

41 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Aristocrat Leisure Ltd. ALL 0.0073 Takashimaya Co. Ltd. 8233 0.0073 Ryohin Keikaku Co. Ltd. 7453 0.0073 FamilyMart Co. Ltd. 8028 0.0073 Kesko Oyj Class B KESBV 0.0073 Sumitomo Heavy Industries Ltd. 6302 0.0073 Sinopharm Group Co. Ltd. 1099 0.0073 Anglo American Platinum Ltd. AMS 0.0073 Guangzhou Automobile Group Co. Ltd. 2238 0.0073 China National Building Material Co. Ltd. 3323 0.0073 Total Access Communication PCL (Local) DTAC 0.0073 Mitsubishi Gas Chemical Co. Inc. 4182 0.0073 TonenGeneral Sekiyu KK 5012 0.0073 YTL Corp. Bhd. YTL 0.0073 Lotte Chemical Corp. 011170 0.0073 Gecina SA GFC 0.0073 Seven Bank Ltd. 8410 0.0073 Wipro Ltd. ADR WIT 0.0073 IJM Corp. Bhd. IJM 0.0072 FLSmidth & Co. A/S FLS 0.0072 Shimamura Co. Ltd. 8227 0.0072 Oi SA Preference Shares OIBR4 0.0072 Airports of PCL AOT 0.0072 CapitaCommercial Trust C61U 0.0072 Rostelecom OJSC RTKM 0.0072 Samsung Securities Co. Ltd. 016360 0.0072 NCSoft Corp. 036570 0.0072 Lupin Ltd. LUPIN 0.0072 Aldar Properties PJSC ALDAR 0.0072 Toyo Seikan Group Holdings Ltd. 5901 0.0072 ASM Pacific Technology Ltd. 522 0.0071 Barry Callebaut AG BARN 0.0071 First Pacific Co. Ltd./Hong Kong 142 0.0071 TPK Holding Co. Ltd. 3673 0.0071 Nabtesco Corp. 6268 0.0071 Advantech Co. Ltd. 2395 0.0071 Guangdong Investment Ltd. 270 0.0071 Esprit Holdings Ltd. 330 0.0071 MGM China Holdings Ltd. 2282 0.0071 Yamaguchi Financial Group Inc. 8418 0.0070 Fraport AG Frankfurt Airport Services Worldwide FRA 0.0070 Aeon Mall Co. Ltd. 8905 0.0070 Beijing Enterprises Water Group Ltd. 371 0.0070 Sumitomo Rubber Industries Ltd. 5110 0.0070 Taiyo Nippon Sanso Corp. 4091 0.0070

42 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Cementos Argos SA CEMARGOS 0.0070 Aker Solutions ASA AKSO 0.0070 SBI Holdings Inc./Japan 8473 0.0070 Grupo Carso SAB de CV GCARSOA1 0.0070 Siliconware Precision Industries Co. ADR SPIL 0.0070 JBS SA JBSS3 0.0070 Kimberly-Clark de Mexico SAB de CV Class A KIMBERA 0.0070 Bharat Heavy Electricals Ltd. BHEL 0.0069 Mitsui Chemicals Inc. 4183 0.0069 Indofood Sukses Makmur Tbk PT INDF 0.0069 Emlak Konut Gayrimenkul Yatirim Ortakligi AS EKGYO 0.0069 MMI Holdings Ltd./South Africa MMI 0.0069 MICROS Systems Inc. MCRS 0.0069 Marui Group Co. Ltd. 8252 0.0069 Promotora y Operadora de Infraestructura SAB de CV PINFRA* 0.0069 Pargesa Holding SA PARG 0.0069 JSW Steel Ltd. JSWSTEEL 0.0069 Klabin SA KLBN11 0.0069 Citizen Holdings Co. Ltd. 7762 0.0069 Fresnillo plc FRES 0.0069 JG Summit Holdings Inc. JGS 0.0069 Axel Springer SE SPR 0.0068 Industrial Bank of Korea 024110 0.0068 MOL Hungarian Oil & Gas plc MOL 0.0068 CJ CheilJedang Corp. 097950 0.0068 JCDecaux SA DEC 0.0068 Sun Art Retail Group Ltd. 6808 0.0068 NWS Holdings Ltd. 659 0.0068 Turkiye Vakiflar Bankasi Tao VAKBN 0.0068 Dongbu Insurance Co. Ltd. 005830 0.0068 Ashmore Group plc ASHM 0.0067 Hokuriku Electric Power Co. 9505 0.0067 Otsuka Corp. 4768 0.0067 Hakuhodo DY Holdings Inc. 2433 0.0067 Wipro Ltd. WIPRO 0.0067 GS Yuasa Corp. 6674 0.0067 Neste Oil Oyj NES1V 0.0067 Indocement Tunggal Prakarsa Tbk PT INTP 0.0067 Cipla Ltd./India CIPLA 0.0067 Hyatt Hotels Corp. Class A H 0.0067 Anadolu Efes Biracilik Ve Malt Sanayii AS AEFES 0.0067 Hoshizaki Electric Co. Ltd. 6465 0.0067 Eregli Demir ve Celik Fabrikalari TAS EREGL 0.0067 Banco de Credito e Inversiones BCI 0.0066 Echo Entertainment Group Ltd. EGP 0.0066

43 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Iida Group Holdings Co. Ltd. 3291 0.0066 Teijin Ltd. 3401 0.0066 Bhd. HLBANK 0.0066 New China Life Insurance Co. Ltd. 1336 0.0066 Davide Campari-Milano SPA CPR 0.0066 Yokohama Rubber Co. Ltd. 5101 0.0066 MediPal Holdings Corp. 7459 0.0065 MISUMI Group Inc. 9962 0.0065 Tryg A /S TRYG 0.0065 Foxconn Technology Co. Ltd. 2354 0.0065 CGG SA CGG 0.0065 Siliconware Precision Industries Co. 2325 0.0065 Melco International Development Ltd. 200 0.0065 Felda Global Ventures Holdings Bhd. FGV 0.0065 VTB Bank OJSC GDR VTBR 0.0065 Nippon Electric Glass Co. Ltd. 5214 0.0065 Coronation Fund Managers Ltd. CML 0.0065 UOL Group Ltd. U14 0.0065 Keihan Electric Railway Co. Ltd. 9045 0.0064 Daewoo Shipbuilding & Marine Engineering Co. Ltd. 042660 0.0064 Charoen Pokphand Indonesia Tbk PT CPIN 0.0064 Totvs SA TOTS3 0.0064 IndusInd Bank Ltd. INDUSINDBK 0.0064 Samsung Engineering Co. Ltd. 028050 0.0064 Cia Energetica de Sao Paulo Preference Shares CESP6 0.0064 Investec Ltd. INL 0.0064 SEB SA SK 0.0064 PCCW Ltd. 8 0.0064 PTT Global Chemical PCL PTTGC-F 0.0064 Kakaku.com Inc. 2371 0.0063 NMDC Ltd. NMDC 0.0063 Banco Espirito Santo SA BES 0.0063 Berkshire Hathaway Inc. Class A BRK.A 0.0063 COMSYS Holdings Corp. 1721 0.0063 Assurant Inc. AIZ 0.0063 Acciona SA ANA 0.0063 Flight Centre Travel Group Ltd. FLT 0.0063 China Vanke Co. Ltd. 2202 0.0063 S-Oil Corp. 010950 0.0063 Ibiden Co. Ltd. 4062 0.0063 Modern Times Group AB Class B MTG B 0.0063 Localiza Rent a Car SA RENT3 0.0063 SKY Network Television Ltd. SKT 0.0063 GAIL India Ltd. GAIL 0.0063 Nippon Kayaku Co. Ltd. 4272 0.0063

44 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

UMW Holdings Bhd. UMW 0.0063 Shimao Property Holdings Ltd. 813 0.0063 Empresas CMPC SA CMPC 0.0062 COSCO Pacific Ltd. 1199 0.0062 NOK Corp. 7240 0.0062 Nissan Chemical Industries Ltd. 4021 0.0062 Tabcorp Holdings Ltd. TAH 0.0062 Evergrande Real Estate Group Ltd. 3333 0.0062 Zee Entertainment Enterprises Ltd. ZEEL 0.0062 NTN Corp. 6472 0.0062 CPFL Energia SA CPFE3 0.0062 Hindalco Industries Ltd. HINDALCO 0.0062 Nomura Real Estate Holdings Inc. 3231 0.0062 William Demant Holding A/S WDH 0.0061 GS Holdings 078930 0.0061 Shangri-La Asia Ltd. 69 0.0061 Kerry Properties Ltd. 683 0.0061 Dowa Holdings Co. Ltd. 5714 0.0061 Daelim Industrial Co. Ltd. 000210 0.0061 AMOREPACIFIC Group 002790 0.0061 Fisher & Paykel Healthcare Corp. Ltd. FPH 0.0061 Orange Polska SA OPL 0.0061 Giant Manufacturing Co. Ltd. 9921 0.0061 Haseko Corp. 1808 0.0061 Empresa Nacional de Electricidad SA/Chile ENDESA 0.0061 Obic Co. Ltd. 4684 0.0061 Telefonica Deutschland Holding AG O2D 0.0061 Hochtief AG HOT 0.0060 International Container Terminal Services Inc. ICT 0.0060 Mitsubishi Logistics Corp. 9301 0.0060 Hellenic Telecommunications Organization SA ADR HLTOY 0.0060 China Coal Energy Co. Ltd. 1898 0.0060 Sojitz Corp. 2768 0.0060 Ambuja Cements Ltd. AMBUJACEM 0.0060 Kingsoft Corp. Ltd. 3888 0.0060 Petronas Dagangan Bhd. PETDAG 0.0060 Sino Biopharmaceutical Ltd. 1177 0.0060 Telekom Malaysia Bhd. TM 0.0060 Alps Electric Co. Ltd. 6770 0.0060 Sihuan Pharmaceutical Holdings Group Ltd. 460 0.0060 Metcash Ltd. MTS 0.0060 Metropolitan Bank & Trust Co. MBT 0.0060 Showa Shell Sekiyu KK 5002 0.0059 AU Optronics Corp. 2409 0.0059 Jiangxi Copper Co. Ltd. 358 0.0059

45 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Bradespar SA Preference Shares BRAP4 0.0059 Idemitsu Kosan Co. Ltd. 5019 0.0059 mBank MBK 0.0059 Big C Supercenter PCL BIGC-R 0.0059 Nippon Shokubai Co. Ltd. 4114 0.0059 Synnex Technology International Corp. 2347 0.0059 Banco Santander Chile ADR BSAC 0.0059 Portugal Telecom SGPS SA PTC 0.0059 Mondi Ltd. MND 0.0059 Foschini Group Ltd. TFG 0.0059 Shikoku Electric Power Co. Inc. 9507 0.0059 Gerdau SA ADR GGB 0.0059 Compartamos SAB de CV GENTERA* 0.0059 Polyus Gold International Ltd. PGIL 0.0058 Zeon Corp. 4205 0.0058 Konami Corp. 9766 0.0058 Cosan SA Industria e Comercio CSAN3 0.0058 Epistar Corp. 2448 0.0058 Krung Thai Bank PCL (Foreign) KTB-F 0.0058 Telekom Austria AG TKA 0.0058 Hyundai Department Store Co. Ltd. 005440 0.0058 Rural Electrification Corp. Ltd. RECLTD 0.0058 Raia Drogasil SA RADL3 0.0058 Fibria Celulose SA FIBR3 0.0058 Genomma Lab Internacional SAB de CV Class B LABB 0.0058 Kamigumi Co. Ltd. 9364 0.0058 Remy Cointreau SA RCO 0.0058 Showa Denko KK 4004 0.0058 Cia de Minas Buenaventura SAA ADR BVN 0.0058 VTech Holdings Ltd. 303 0.0058 Extended Stay America Inc. STAY 0.0058 Cia Energetica de Minas Gerais ADR CIG 0.0058 Tata Steel Ltd. TATASTEEL 0.0057 Chiyoda Corp. 6366 0.0057 IMS Health Holdings Inc. IMS 0.0057 Group Ltd. SPP 0.0057 China Resources Gas Group Ltd. 1193 0.0057 Grupo de Inversiones Suramericana SA Preference Shares PFGRUPSURA 0.0057 Kaneka Corp. 4118 0.0057 DIC Corp. 4631 0.0057 REA Group Ltd. REA 0.0057 Advantest Corp. 6857 0.0057 Sawai Pharmaceutical Co. Ltd. 4555 0.0057 Dr Reddy’s Laboratories Ltd. ADR RDY 0.0057 Corpbanca SA CORPBANCA 0.0057

46 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

RusHydro JSC HYDR 0.0057 Kobayashi Pharmaceutical Co. Ltd. 4967 0.0057 Wistron Corp. 3231 0.0057 Mediaset Espana Comunicacion SA TL5 0.0057 Hitachi Construction Machinery Co. Ltd. 6305 0.0056 SP AusNet SPN 0.0056 Barloworld Ltd. BAW 0.0056 Haitong Securities Co. Ltd. 6837 0.0056 Adani Enterprises Ltd. ADANIENT 0.0056 Samsung Techwin Co. Ltd. 012450 0.0056 Gudang Garam Tbk PT GGRM 0.0056 Brait SE BAT 0.0056 Metalurgica Gerdau SA Preference Shares Class A GOAU4 0.0056 Mabuchi Motor Co. Ltd. 6592 0.0056 Merlin Entertainments plc MERL 0.0056 Bank of Ayudhya PCL (Local) BAY 0.0056 Vienna Insurance Group AG Wiener Versicherung Gruppe VIG 0.0056 Sugi Holdings Co. Ltd. 7649 0.0055 Sankyo Co. Ltd. 6417 0.0055 Corp Financiera Colombiana SA CORFICOLCF 0.0055 Teco Electric and Machinery Co. Ltd. 1504 0.0055 Sappi Ltd. SAP 0.0055 Acer Inc. 2353 0.0055 Tim Participacoes SA ADR TSU 0.0055 Calbee Inc. 2229 0.0055 Central Pattana PCL CPN 0.0055 Nampak Ltd. NPK 0.0055 GOME Electrical Appliances Holding Ltd. 493 0.0055 Hyundai Development Co-Engineering & Construction 012630 0.0055 Software AG SOW 0.0054 SKYCITY Entertainment Group Ltd. SKC 0.0054 Gruma SAB de CV Class B GRUMAB 0.0054 Banco Santander Chile BSANTANDER 0.0054 CJ Corp. 001040 0.0054 Jindal Steel & Power Ltd. JINDALSTEL 0.0054 DKSH Holding AG DKSH 0.0054 Haier Electronics Group Co. Ltd. 1169 0.0054 Polymetal International plc POLY 0.0054 Mediolanum SPA MED 0.0054 Adani Ports and Special Economic Zone Ltd. ADANIPORTS 0.0054 M Dias Branco SA MDIA3 0.0054 Singapore Post Ltd. S08 0.0054 Nippon Paper Industries Co. Ltd. 3863 0.0054 Shin Kong Financial Holding Co. Ltd. 2888 0.0054 Co. Ltd. 2338 0.0054

47 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Sibanye Gold Ltd. SGL 0.0053 Rowan Cos. plc Class A RDC 0.0053 Cia de Saneamento Basico do Estado de Sao Paulo ADR SBS 0.0053 DuluxGroup Ltd. DLX 0.0053 Aguas Andinas SA Class A AGUAS-A 0.0053 China Railway Group Ltd. 390 0.0053 Coca-Cola East Japan Co. Ltd. 2580 0.0053 StarHub Ltd. CC3 0.0053 Cia Siderurgica Nacional SA ADR SID 0.0053 77 Bank Ltd. 8341 0.0053 Cheil Worldwide Inc. 030000 0.0053 Informatica Corp. INFA 0.0053 Nu Skin Enterprises Inc. Class A NUS 0.0053 Glory Ltd. 6457 0.0053 Perpetual Ltd. PPT 0.0053 Tsuruha Holdings Inc. 3391 0.0053 Fosun International Ltd. 656 0.0052 Vedanta Resources plc VED 0.0052 Australand Property Group ALZ 0.0052 Shriram Transport Finance Co. Ltd. SRTRANSFIN 0.0052 LG Uplus Corp. 032640 0.0052 Keppel Land Ltd. K17 0.0052 Numericable Group SA NUM 0.0052 Cathay Pacific Airways Ltd. 293 0.0052 Reliance Communications Ltd. RCOM 0.0052 CITIC Securities Co. Ltd. 6030 0.0052 Pigeon Corp. 7956 0.0052 Shenzhou International Group Holdings Ltd. 2313 0.0051 Kawasaki Kisen Kaisha Ltd. 9107 0.0051 Yapi ve Kredi Bankasi AS YKBNK 0.0051 Hopewell Holdings Ltd. 54 0.0051 Tauron Polska Energia SA TPE 0.0051 RHB Capital Bhd. RHBCAP 0.0051 Tokai Tokyo Financial Holdings Inc. 8616 0.0051 Acom Co. Ltd. 8572 0.0051 Television Broadcasts Ltd. 511 0.0051 Sino-Ocean Land Holdings Ltd. 3377 0.0051 Nestle India Ltd. NESTLEIND 0.0051 Chang Hwa Commercial Bank 2801 0.0051 OHL Mexico SAB de CV OHLMEX* 0.0051 Air France-KLM AF 0.0051 Arca Continental SAB de CV AC* 0.0051 Azbil Corp. 6845 0.0051 Cia Cervecerias Unidas SA CCU 0.0051 Leighton Holdings Ltd. LEI 0.0051

48 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Aiful Corp. 8515 0.0050 Telefonica Brasil SA ADR VIV 0.0050 AVI Ltd. AVI 0.0050 Multiplan Empreendimentos Imobiliarios SA MULT3 0.0050 Kumba Iron Ore Ltd. KIO 0.0050 Ube Industries Ltd./Japan 4208 0.0050 Semiconductor Manufacturing International Corp. 981 0.0050 Manila Electric Co. MER 0.0050 Kewpie Corp. 2809 0.0050 Yes Bank Ltd. YESBANK 0.0050 Union National Bank PJSC/Abu Dhabi UNB 0.0050 Downer EDI Ltd. DOW 0.0050 ALL - America Latina Logistica SA ALLL3 0.0050 Sumitomo Dainippon Pharma Co. Ltd. 4506 0.0050 Yamazaki Baking Co. Ltd. 2212 0.0049 IOOF Holdings Ltd. IFL 0.0049 Global Telecom Holding GDR GLTD 0.0049 Yangzijiang Shipbuilding Holdings Ltd. BS6 0.0049 Shandong Weigao Group Medical Polymer Co. Ltd. 1066 0.0049 Astro Malaysia Holdings Bhd. ASTRO 0.0049 Ratos AB RATO B 0.0049 Park24 Co. Ltd. 4666 0.0049 DGB Financial Group Inc. 139130 0.0049 Cyrela Brazil Realty SA Empreendimentos e Participacoes CYRE3 0.0049 Fielmann AG FIE 0.0049 Indian Oil Corp. Ltd. IOC 0.0049 Daido Steel Co. Ltd. 5471 0.0049 Tata Power Co. Ltd. TATAPOWER 0.0049 Sanrio Co. Ltd. 8136 0.0049 Maruichi Steel Tube Ltd. 5463 0.0049 Bharat Petroleum Corp. Ltd. BPCL 0.0048 China Railway Construction Corp. Ltd. 1186 0.0048 Seino Holdings Co. Ltd. 9076 0.0048 Nishi-Nippon City Bank Ltd. 8327 0.0048 Exxaro Resources Ltd. EXX 0.0048 IDFC Ltd. IDFC 0.0048 Denki Kagaku Kogyo KK 4061 0.0048 Lonmin plc LMI 0.0048 Holmen AB HOLM B 0.0048 Chongqing Co. Ltd. Class B 200625 0.0048 Daewoo Engineering & Construction Co. Ltd. 047040 0.0048 Hyundai Marine & Fire Insurance Co. Ltd. 001450 0.0048 Alliance Financial Group Bhd. AFG 0.0047 Colbun SA COLBUN 0.0047 Societe Television Francaise 1 TFI 0.0047

49 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Godrej Consumer Products Ltd. GODREJCP 0.0047 Idea Cellular Ltd. IDEA 0.0047 SLM Corp. SLM 0.0047 KBR Inc. KBR 0.0047 Wacker Chemie AG WCH 0.0047 African Rainbow Minerals Ltd. ARI 0.0047 NHK Spring Co. Ltd. 5991 0.0047 Xero Ltd. XRO 0.0047 True Corp. PCL TRUE 0.0047 Hitachi Chemical Co. Ltd. 4217 0.0047 Coca-Cola Icecek AS CCOLA 0.0047 Reliance Infrastructure Ltd. RELINFRA 0.0047 Sotetsu Holdings Inc. 9003 0.0046 Country Garden Holdings Co. Ltd. 2007 0.0046 Mitsui Engineering & Shipbuilding Co. Ltd. 7003 0.0046 Contact Energy Ltd. CEN 0.0046 S-1 Corp. 012750 0.0046 Chow Tai Fook Jewellery Group Ltd. 1929 0.0046 Doosan Infracore Co. Ltd. 042670 0.0046 Power Finance Corp. Ltd. PFC 0.0045 Santander Consumer USA Holdings Inc. SC 0.0045 Doosan Heavy Industries & Construction Co. Ltd. 034020 0.0045 Daewoo International Corp. 047050 0.0045 Takara Holdings Inc. 2531 0.0045 CSR Ltd. CSR 0.0045 CSPC Pharmaceutical Group Ltd. 1093 0.0045 Brixmor Property Group Inc. BRX 0.0045 Jollibee Foods Corp. JFC 0.0045 Ezaki Glico Co. Ltd. 2206 0.0045 Sohgo Security Services Co. Ltd. 2331 0.0045 Hyosung Corp. 004800 0.0045 Turk Hava Yollari THYAO 0.0045 Ushio Inc. 6925 0.0045 Longfor Properties Co. Ltd. 960 0.0045 Controladora Comercial Mexicana SAB de CV COMERCIUBC 0.0045 Cemex Latam Holdings SA CLH 0.0044 TMB Bank PCL TMB 0.0044 Cia de Saneamento Basico do Estado de Sao Paulo SBSP3 0.0044 Disco Corp. 6146 0.0044 Sumitomo Forestry Co. Ltd. 1911 0.0044 Celesio AG CLS1 0.0044 Commercial International Bank Egypt SAE COMI 0.0044 Automobile Holdings Ltd. 175 0.0044 Interconexion Electrica SA ESP ISA 0.0044 Bangkok Dusit Medical Services PCL BGH 0.0044

50 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

DLF Ltd. DLF 0.0044 Mando Corp. 060980 0.0044 Valmet Oyj VALMT 0.0044 Orora Ltd. ORA 0.0044 Korea Investment Holdings Co. Ltd. 071050 0.0044 Tsumura & Co. 4540 0.0044 Cyfrowy Polsat SA CPS 0.0044 GTECH SPA GTK 0.0044 Euler Hermes Group ELE 0.0044 Okasan Securities Group Inc. 8609 0.0043 SK Networks Co. Ltd. 001740 0.0043 Anritsu Corp. 6754 0.0043 Tongaat Hulett Ltd. TON 0.0043 Daewoo Securities Co. Ltd. 006800 0.0043 Schroders plc SDRC 0.0043 Dr Reddy’s Laboratories Ltd. DRREDDY 0.0043 Daum Communications Corp. 035720 0.0043 DMG Mori Seiki Co. Ltd. 6141 0.0043 Chicony Electronics Co. Ltd. 2385 0.0043 Holdings Bhd. AIRPORT 0.0043 Zhuzhou CSR Times Electric Co. Ltd. 3898 0.0043 Mitsui Mining & Smelting Co. Ltd. 5706 0.0043 Nagase & Co. Ltd. 8012 0.0043 Japan Steel Works Ltd. 5631 0.0043 Sociedad Quimica y Minera de Chile SA ADR SQM 0.0043 Century Tokyo Leasing Corp. 8439 0.0043 Sociedad Matriz Banco de Chile Class B SM-CHILE B 0.0043 China Cinda Asset Management Co. Ltd. 1359 0.0043 Banque Cantonale Vaudoise BCVN 0.0043 Fujikura Ltd. 5803 0.0043 Rohto Pharmaceutical Co. Ltd. 4527 0.0042 Lotte Confectionery Co. Ltd. 004990 0.0042 Kumho Petro chemical Co. Ltd. 011780 0.0042 Suedzucker AG SZU 0.0042 Jiangsu Expressway Co. Ltd. 177 0.0042 New World China Land Ltd. 917 0.0042 Toyoda Gosei Co. Ltd. 7282 0.0042 Hitachi High-Technologies Corp. 8036 0.0042 Toyobo Co. Ltd. 3101 0.0042 Ipsen SA IPN 0.0042 Nishi-Nippon Railroad Co. Ltd. 9031 0.0042 Shiga Bank Ltd. 8366 0.0042 Yanzhou Coal Mining Co. Ltd. 1171 0.0042 OKUMA Corp. 6103 0.0042 Japan Airport Terminal Co. Ltd. 9706 0.0042

51 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Bumi Armada Bhd. ARMADA 0.0042 Sundrug Co. Ltd. 9989 0.0042 Sapporo Holdings Ltd. 2501 0.0042 Turk Telekomunikasyon AS TTKOM 0.0042 China Huishan Dairy Holdings Co. Ltd. 6863 0.0041 Realtek Semiconductor Corp. 2379 0.0041 Halla Visteon Climate Control Corp. 018880 0.0041 BioMerieux BIM 0.0041 Lion Corp. 4912 0.0041 Nisshinbo Holdings Inc. 3105 0.0041 Kaken Pharmaceutical Co. Ltd. 4521 0.0041 Venture Corp. Ltd. V03 0.0041 Arabtec Holding Co. ARTC 0.0041 BTS Group Holdings PCL BTS 0.0041 Sumitomo Osaka Cement Co. Ltd. 5232 0.0041 Shinsegae Co. Ltd. 004170 0.0041 Grupo Argos SA/Colombia Preference Shares PFGRUPOARG 0.0041 Shanghai Fosun Pharmaceutical Group Co. Ltd. 2196 0.0041 AU Optronics Corp. ADR AUO 0.0041 Aluminum Corp. of China Ltd. 2600 0.0041 Hyundai Mipo Dockyard 010620 0.0040 Harvey Norman Holdings Ltd. HVN 0.0040 Korea Gas Corp. 036460 0.0040 Zijin Mining Group Co. Ltd. 2899 0.0040 Fuchs Petrolub SE FPE 0.0040 Aramark ARMK 0.0040 Charoen Pokphand Foods PCL CPF 0.0040 Dena Co. Ltd. 2432 0.0040 Porto Seguro SA PSSA3 0.0040 GS Engineering & Construction Corp. 006360 0.0040 TPG Telecom Ltd. TPM 0.0040 EDP Renovaveis SA EDPR 0.0040 Oracle Corp. Japan 4716 0.0040 Aoyama Trading Co. Ltd. 8219 0.0040 Taiwan Fertilizer Co. Ltd. 1722 0.0040 Hanwha Chemical Corp. 009830 0.0040 Shanghai Industrial Holdings Ltd. 363 0.0040 ENTEL Chile SA ENTEL 0.0040 Temp Holdings Co. Ltd. 2181 0.0040 Samsung Card Co. Ltd. 029780 0.0040 Northam Platinum Ltd. NHM 0.0040 China Taiping Insurance Holdings Co. Ltd. 966 0.0040 People’s Insurance Co. Group of China Ltd. 1339 0.0039 Hellenic Telecommunications Organization SA HTO 0.0039 IOI Properties Group Bhd. IOIPG 0.0039

52 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Furukawa Electric Co. Ltd. 5801 0.0039 Ito En Ltd. 2593 0.0039 FIH Mobile Ltd. 2038 0.0039 H Lundbeck A/S LUN 0.0039 Adelaide Brighton Ltd. ABC 0.0039 Usinas Siderurgicas de Minas Gerais SA Preference Shares USIM5 0.0039 Fairfax Media Ltd. FXJ 0.0039 Hokkaido Electric Power Co. Inc. 9509 0.0039 House Foods Group Inc. 2810 0.0039 Nichirei Corp. 2871 0.0038 PPC Ltd. PPC 0.0038 ING Bank Slaski SA ING 0.0038 Yuhan Corp. 000100 0.0038 Massmart Holdings Ltd. MSM 0.0038 CSR Corp. Ltd. 1766 0.0038 Recall Holdings Ltd. REC 0.0038 Capital Property Fund CPF 0.0038 Hanwha Life Insurance Co. Ltd. 088350 0.0038 Kingboard Chemical Holdings Ltd. 148 0.0038 Salvatore Ferragamo SPA SFER 0.0038 Telkom SA SOC Ltd. TKG 0.0038 ANTA Sports Products Ltd. 2020 0.0038 Cosmo Oil Co. Ltd. 5007 0.0038 Acerinox SA ACX 0.0038 E.ON Russia JSC EONR 0.0038 Yulon Motor Co. Ltd. 2201 0.0037 O2 Czech Republic AS BAATELEC 0.0037 Dubai Financial Market DFM 0.0037 Clicks Group Ltd. CLS 0.0037 EcoRodovias Infraestrutura e Logistica SA ECOR3 0.0037 Aboitiz Power Corp. AP 0.0037 Sinopec Engineering Group Co. Ltd. 2386 0.0037 AES Gener SA AESGENER 0.0037 Zhejiang Expressway Co. Ltd. 576 0.0037 Lafarge Malaysia Bhd. LAFMSIA 0.0037 DMCI Holdings Inc. DMC 0.0037 Isagen SA ESP ISAGEN 0.0037 Wacoal Holdings Corp. 3591 0.0037 Matsumotokiyoshi Holdings Co. Ltd. 3088 0.0037 UNY Group Holdings Co. Ltd. 8270 0.0037 GT Capital Holdings Inc. GTCAP 0.0037 Aeci Ltd. AFE 0.0037 Juroku Bank Ltd. 8356 0.0037 Hanwha Corp. 000880 0.0037 Reliance Capital Ltd. RELCAPITAL 0.0037

53 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Bank Handlowy w Warszawie SA BHW 0.0037 Thai Oil PCL TOP 0.0037 Omnia Holdings Ltd. OMN 0.0037 H2O Retailing Corp. 8242 0.0036 Chongqing Rural Commercial Bank 3618 0.0036 Talanx AG TLX 0.0036 XL Axiata Tbk PT EXCL 0.0036 Qantas Airways Ltd. QAN 0.0036 Jaiprakash Associates Ltd. JPASSOCIAT 0.0036 Kagome Co. Ltd. 2811 0.0036 Keiyo Bank Ltd. 8544 0.0036 Haitian International Holdings Ltd. 1882 0.0036 Siemens Ltd. SIEMENS 0.0036 Platinum Asset Management Ltd. PTM 0.0036 Cia Hering HGTX3 0.0036 Square Enix Holdings Co. Ltd. 9684 0.0036 Verbund AG VER 0.0036 Inner Mongolia Yitai Coal Co. Ltd. Class B 900948 0.0035 Dabur India Ltd. DABUR 0.0035 Bancolombia SA Preference Shares PFBCOLOM 0.0035 Nissan Shatai Co. Ltd. 7222 0.0035 Titan Co. Ltd. TITAN 0.0035 Izumi Co. Ltd. 8273 0.0035 Johnson Electric Holdings Ltd. 179 0.0035 Hitachi Capital Corp. 8586 0.0035 Nexon Co. Ltd. 3659 0.0035 Start Today Co. Ltd. 3092 0.0035 YTL Power International Bhd. YTLPOWR 0.0035 Daishi Bank Ltd. 8324 0.0035 Japan Petroleum Exploration Co. 1662 0.0035 Nippon Sheet Glass Co. Ltd. 5202 0.0035 Unimicron Technology Corp. 3037 0.0035 Steel Authority of India Ltd. SAIL 0.0034 Awa Bank Ltd. 8388 0.0034 Resorttrust Inc. 4681 0.0034 Vanguard International Semiconductor Corp. 5347 0.0034 Capitec Bank Holdings Ltd. CPI 0.0034 Yamato Kogyo Co. Ltd. 5444 0.0034 Cia Paranaense de Energia ADR ELP 0.0034 Ulker Biskuvi Sanayi AS ULKER 0.0034 Shanghai Electric Group Co. Ltd. 2727 0.0034 Autobacs Seven Co. Ltd. 9832 0.0034 AviChina Industry & Technology Co. Ltd. 2357 0.0034 Grupo Aval Acciones y Valores Preference Shares PFAVAL 0.0034 Jafco Co. Ltd. 8595 0.0034

54 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Infraestructura Energetica Nova SAB de CV IENOVA* 0.0034 Mahindra & Mahindra Financial Services Ltd. M&MFIN 0.0034 Walsin Lihwa Corp. 1605 0.0034 SCSK Corp. 9719 0.0034 LS Corp. 006260 0.0034 Bank of Baroda BANKBARODA 0.0034 SOHO China Ltd. 410 0.0034 Taiyo Yuden Co. Ltd. 6976 0.0034 NTT Urban Development Corp. 8933 0.0034 Adaro Energy Tbk PT ADRO 0.0034 Grupo Lala SAB de CV LALAB 0.0034 Far East Horizon Ltd. 3360 0.0034 Charoen Pokphand Foods PCL (Foreign) CPF-F 0.0033 Novolipetsk Steel OJSC GDR NLMK 0.0033 EDP - Energias do Brasil SA ENBR3 0.0033 Formosa Taffeta Co. Ltd. 1434 0.0033 Pick n Pay Stores Ltd. PIK 0.0033 China Communications Services Corp. Ltd. 552 0.0033 ACC Ltd. ACC 0.0033 Enka Insaat ve Sanayi AS ENKAI 0.0033 Shimachu Co. Ltd. 8184 0.0033 Guangzhou R&F Properties Co. Ltd. 2777 0.0033 SKY Perfect JSAT Holdings Inc. 9412 0.0033 ABC-Mart Inc. 2670 0.0033 Macquarie Atlas Roads Group MQA 0.0033 Sul America SA SUL A11 0.0033 China Resources Cement Holdings Ltd. 1313 0.0033 Duratex SA DTEX3 0.0033 Liberty Holdings Ltd. LBH 0.0033 China Everbright Ltd. 165 0.0033 Envestra Ltd. ENV 0.0033 Buzzi Unicem SPA BZU 0.0033 North Pacific Bank Ltd. 8524 0.0032 Dubai Islamic Bank PJSC DIB 0.0032 Surgutneftegas OAO SNGS 0.0032 Cia Siderurgica Nacional SA CSNA3 0.0032 Shanghai Pharmaceuticals Holding Co. Ltd. 2607 0.0032 K’s Holdings Corp. 8282 0.0032 Kose Corp. 4922 0.0032 Taiwan Glass Industry Corp. 1802 0.0032 KYORIN Holdings Inc. 4569 0.0032 OZ Minerals Ltd. OZL 0.0032 Oil India Ltd. OIL 0.0032 China International Marine Containers Group Co. Ltd. 2039 0.0032 Harmony Gold Mining Co. Ltd. HAR 0.0032

55 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

San-In Godo Bank Ltd. 8381 0.0032 Assore Ltd. ASR 0.0032 Oi SA OIBR3 0.0032 Coty Inc. Class A COTY 0.0032 Rockwool International A/S Class B ROCK B 0.0032 Seven West Media Ltd. SWM 0.0032 Datang International Power Generation Co. Ltd. 991 0.0032 Senshu Ikeda Holdings Inc. 8714 0.0032 Oracle Financial Services Software Ltd. OFSS 0.0032 Container Corp. Of India CONCOR 0.0032 Severstal OAO CHMF 0.0032 Getin Noble Bank SA GNB 0.0032 Grasim Industries Ltd. GRASIM 0.0032 TAV Havalimanlari Holding AS TAVHL 0.0031 Media Nusantara Citra Tbk PT MNCN 0.0031 San Miguel Corp. SMC 0.0031 Musashino Bank Ltd. 8336 0.0031 ZTE Corp. 763 0.0031 Bank Danamon Indonesia Tbk PT BDMN 0.0031 Corp Financiera Alba SA ALB 0.0031 Enea SA ENA 0.0031 Higo Bank Ltd. 8394 0.0031 Kagoshima Bank Ltd. 8390 0.0031 LG Hausys Ltd. 108670 0.0031 BR Properties SA BRPR3 0.0031 Goodman Fielder Ltd. GFF 0.0031 Surya Citra Media Tbk PT SCMA 0.0031 Nisshin Steel Co. Ltd. 5413 0.0030 Xinyi Glass Holdings Ltd. 868 0.0030 Huabao International Holdings Ltd. 336 0.0030 Hong Leong Financial Group Bhd. HLFG 0.0030 Ranbaxy Laboratories Ltd. RANBAXY 0.0030 Macau Legend Development Ltd. 1680 0.0030 CAP SA CAP 0.0030 Itochu Techno-Solutions Corp. 4739 0.0030 Cafe de Coral Holdings Ltd. 341 0.0030 Globe Telecom Inc. GLO 0.0030 Nanto Bank Ltd. 8367 0.0030 Sinotrans Ltd. 598 0.0030 Volcan Cia Minera SAA Class B VOLCABC1 0.0030 Taiwan Business Bank 2834 0.0030 Doosan Corp. 000150 0.0030 Suzano Papel e Celulose SA Preference Shares Class A SUZB5 0.0030 Punjab National Bank PNB 0.0030 Matsui Securities Co. Ltd. 8628 0.0030

56 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Maeda Road Construction Co. Ltd. 1883 0.0030 PTT Global Chemical PCL PTTGC 0.0029 Shree Cement Ltd. SHREECEM 0.0029 Coca-Cola West Co. Ltd. 2579 0.0029 Rengo Co. Ltd. 3941 0.0029 Sociedad Quimica y Minera de Chile SA Preference Shares Class B SQM-B 0.0029 MRV Engenharia e Participacoes SA MRVE3 0.0029 Electricity Generating PCL EGCO 0.0029 Mirae Asset Securities Co. Ltd. 037620 0.0029 Grindrod Ltd. GND 0.0029 Nine Dragons Paper Holdings Ltd. 2689 0.0029 Land and Houses PCL LH-R 0.0029 Champion REIT 2778 0.0029 Berjaya Sports Toto Bhd. BJTOTO 0.0029 Shenzhen International Holdings Ltd. 152 0.0029 Kiwi Income Property Trust KIP 0.0029 Parmalat SPA PLT 0.0029 Bank Millennium SA MIL 0.0029 Hikari Tsushin Inc. 9435 0.0029 Lintec Corp. 7966 0.0029 Beijing Capital International Airport Co. Ltd. 694 0.0029 Piramal Enterprises Ltd. PEL 0.0029 Glenmark Pharmaceuticals Ltd. GLENMARK 0.0029 Shochiku Co. Ltd. 9601 0.0029 Kinden Corp. 1944 0.0029 Banpu PCL (Local) BANPU 0.0029 China COSCO Holdings Co. Ltd. 1919 0.0028 China BlueChemical Ltd. 3983 0.0028 Sinopec Shanghai Petrochemical Co. Ltd. 338 0.0028 Sears Holdings Corp. SHLD 0.0028 Reliance Power Ltd. RPOWER 0.0028 Hokkoku Bank Ltd. 8363 0.0028 Arcelik AS ARCLK 0.0028 Grupo Comercial Chedraui SA de CV CHDRAUIB 0.0028 Hyakugo Bank Ltd. 8368 0.0028 Lotte Chilsung Beverage Co. Ltd. 005300 0.0028 Minera Frisco SAB de CV MFRISCOA-1 0.0028 Tokai Rika Co. Ltd. 6995 0.0028 Jasa Marga Persero Tbk PT JSMR 0.0028 SA EUR 0.0028 Shopping Centres Australasia Property Group SCP 0.0028 China Shipping Container Lines Co. Ltd. 2866 0.0027 Arrium Ltd. ARI 0.0027 Uni-President China Holdings Ltd. 220 0.0027 Calsonic Kansei Corp. 7248 0.0027

57 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Fukuyama Transporting Co. Ltd. 9075 0.0027 Divi’s Laboratories Ltd. DIVISLAB 0.0027 Thai Union Frozen Products PCL TUF 0.0027 Transcend Information Inc. 2451 0.0027 Dainippon Screen Manufacturing Co. Ltd. 7735 0.0027 Grupo Elektra SAB DE CV ELEKTRA* 0.0027 ABB India Ltd. ABB 0.0027 Lojas Americanas SA LAME3 0.0027 Air China Ltd. 753 0.0027 L’Occitane International SA 973 0.0027 Hyakujushi Bank Ltd. 8386 0.0027 Olam International Ltd. O32 0.0027 TS Tech Co. Ltd. 7313 0.0027 Orient Overseas International Ltd. 316 0.0027 Industrias CH SAB de CV Class B ICHB 0.0026 Siam City Cement PCL (Local) SCCC 0.0026 Canon Marketing Japan Inc. 8060 0.0026 NHN Entertainment Corp. 181710 0.0026 Mochida Pharmaceutical Co. Ltd. 4534 0.0026 Korean Air Lines Co. Ltd. 003490 0.0026 Cadila Healthcare Ltd. CADILAHC 0.0026 Sumco Corp. 3436 0.0026 BUWOG AG BWO 0.0026 Reunert Ltd. RLO 0.0026 Onward Holdings Co. Ltd. 8016 0.0026 Indofood CBP Sukses Makmur Tbk PT ICBP 0.0026 Brightoil Petroleum Holdings Ltd. 933 0.0026 LT Group Inc. LTG 0.0026 Woori Investment & Securities Co. Ltd. 005940 0.0026 Evergreen Marine Corp. Taiwan Ltd. 2603 0.0026 Kissei Pharmaceutical Co. Ltd. 4547 0.0026 Agile Property Holdings Ltd. 3383 0.0025 Great Eagle Holdings Ltd. 41 0.0025 Embotelladora Andina SA Preference Shares ANDINA-B 0.0025 Glow Energy PCL (Foreign) 0.0025 Nipro Corp. 8086 0.0025 Shun Tak Holdings Ltd. 242 0.0025 NongShim Co. Ltd. 004370 0.0025 Cosmos Pharmaceutical Corp. 3349 0.0025 Indo Tambangraya Megah Tbk PT ITMG 0.0025 Sun International Ltd./South Africa SUI 0.0025 Lifestyle International Holdings Ltd. 1212 0.0025 Toda Corp. 1860 0.0025 Nippon Television Holdings Inc. 9404 0.0025 Air New Zealand Ltd. AIR 0.0025

58 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Indorama Ventures PCL 0.0025 Toshiba TEC Corp. 6588 0.0025 Ford Otomotiv Sanayi AS FROTO 0.0025 Bharat Forge Ltd. BHARATFORG 0.0025 Premier Inc. Class A PINC 0.0025 KYB Co. Ltd. 7242 0.0025 Air Arabia PJSC AIRARABIA 0.0025 SIA Engineering Co. Ltd. S59 0.0024 Yuexiu Property Co. Ltd. 123 0.0024 Energy Development Corp. EDC 0.0024 KLCC Property Holdings Bhd. KLCC 0.0024 Li Ning Co. Ltd. 2331 0.0024 Zoomlion Heavy Industry Science and Technology Co. Ltd. 1157 0.0024 GlaxoSmithKline Consumer Healthcare Ltd. GSKCONS 0.0024 Aveng Ltd. AEG 0.0024 BEC World PCL (Foreign) BEC-F 0.0024 Franshion Properties China Ltd. 817 0.0024 Bharti Infratel Ltd. INFRATEL 0.0024 SMRT Corp. Ltd. S53 0.0024 Grupo Sanborns SAB de CV GSANBORB-1 0.0024 Huadian Fuxin Energy Corp. Ltd. 816 0.0024 Huadian Power International Corp. Ltd. 1071 0.0024 Exedy Corp. 7278 0.0024 Aeroflot - Russian Airlines OJSC AFLT 0.0024 Holdings Ltd. 881 0.0024 AES Tiete SA Preference Shares GETI4 0.0024 Centrais Eletricas Brasileiras SA ELET3 0.0024 FP Corp. 7947 0.0024 Murray & Roberts Holdings Ltd. MUR 0.0024 Capcom Co. Ltd. 9697 0.0024 China Airlines Ltd. 2610 0.0024 Delta Electronics Thailand PCL DELTA 0.0023 Heiwa Corp. 6412 0.0023 Capital Securities Corp. 6005 0.0023 UEM Sunrise Bhd. UEMS 0.0023 Asatsu-DK Inc. 9747 0.0023 Kerry Logistics Network Ltd. 636 0.0023 Travelsky Technology Ltd. 696 0.0023 Macronix International 2337 0.0023 M1 Ltd./Singapore B2F 0.0023 Sims Metal Management Ltd. SGM 0.0023 Phosagro OAO GDR PHOR 0.0023 CJ Korea Express Co. Ltd. 000120 0.0023 AirAsia Bhd. AIRASIA 0.0023 SP Setia Bhd Group SPSETIA 0.0023

59 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Jastrzebska Spolka Weglowa SA JSW 0.0023 Nippo Corp. 1881 0.0023 Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B 900932 0.0023 DataTec Ltd. DTC 0.0023 BBMG Corp. 2009 0.0023 Tambang Batubara Bukit Asam Persero Tbk PT PTBA 0.0023 Organizacion SAB de CV Class B SORIANAB 0.0023 African Bank Investments Ltd. ABL 0.0023 Multiplus SA MPLU3 0.0023 GlaxoSmithKline Pharmaceuticals Ltd. GLAXO 0.0023 Shui On Land Ltd. 272 0.0022 United Breweries Ltd. UBL 0.0022 Colgate-Palmolive India Ltd. COLPAL 0.0022 Fuji Media Holdings Inc. 4676 0.0022 Gree Inc. 3632 0.0022 Huaneng Renewables Corp. Ltd. 958 0.0022 Rayonier Advanced Materials Inc. RYAM 0.0022 IRPC PCL (Foreign) IRPC-F 0.0022 Golden Eagle Retail Group Ltd. 3308 0.0022 Whitehaven Coal Ltd. WHC 0.0022 China Galaxy Securities Co. Ltd. 6881 0.0022 Towngas China Co. Ltd. 1083 0.0022 Astra Agro Lestari Tbk PT AALI 0.0021 China Agri-Industries Holdings Ltd. 606 0.0021 Transmissora Alianca de Energia Eletrica SA TAEE11 0.0021 Biostime International Holdings Ltd. 1112 0.0021 Eternal Materials Co. Ltd. 1717 0.0021 Dah Sing Financial Holdings Ltd. 440 0.0021 Komeri Co. Ltd. 8218 0.0021 China Molybdenum Co. Ltd. 3993 0.0021 Puma SE PUM 0.0021 Lee & Man Paper Manufacturing Ltd. 2314 0.0021 Pola Orbis Holdings Inc. 4927 0.0021 Bharat Electronics Ltd. BEL 0.0021 Orient Corp. 8585 0.0021 U-Ming Marine Transport Corp. 2606 0.0021 zulily Inc. Class A ZU 0.0020 Nufarm Ltd./Australia NUF 0.0020 Poly Property Group Co. Ltd. 119 0.0020 Centrais Eletricas Brasileiras SA Preference Shares ELET6 0.0020 Tofas Turk Otomobil Fabrikasi AS TOASO 0.0020 JSE Ltd. JSE 0.0020 Ton Yi Industrial Corp. 9907 0.0020 Cheng Uei Precision Industry Co. Ltd. 2392 0.0020 Samsung Fine Chemicals Co. Ltd. 004000 0.0020

60 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

United Co. RUSAL plc 486 0.0020 Shougang Fushan Resources Group Ltd. 639 0.0020 Cummins India Ltd. CUMMINSIND 0.0020 China Shipping Development Co. Ltd. 1138 0.0020 GWA Group Ltd. GWA 0.0020 Angang Steel Co. Ltd. 347 0.0020 Global Mediacom Tbk PT BMTR 0.0020 Eva Airways Corp. 2618 0.0020 Bloomberry Resorts Corp. BLOOM 0.0020 Sims Metal Management Ltd. ADR 0.0019 China Motor Corp. 2204 0.0019 Takata Corp. 7312 0.0019 Aditya Birla Nuvo Ltd. ABIRLANUVO 0.0019 Adcock Ingram Holdings Ltd. AIP 0.0019 Oriental Union Chemical Corp. 1710 0.0019 Ratchaburi Electricity Generating Holding PCL RATCH-R 0.0019 Greentown China Holdings Ltd. 3900 0.0019 Feng Hsin Iron & Steel Co. 2015 0.0019 CIMC Enric Holdings Ltd. 3899 0.0019 KWG Property Holding Ltd. 1813 0.0018 Beijing Jingneng Clean Energy Co. Ltd. 579 0.0018 Castrol India Ltd. CASTROLIND 0.0018 SA SA International Holdings Ltd. 178 0.0018 Unitech Ltd. UNITECH 0.0018 LSR Group GDR LSRG 0.0018 Huishang Bank Corp. Ltd. 3698 0.0018 Neptune Orient Lines Ltd./Singapore N03 0.0018 Hitachi Transport System Ltd. 9086 0.0018 MMC Corp. Bhd. MMCCORP 0.0018 Waterland Financial Holdings Co. Ltd. 2889 0.0018 Santam Ltd. SNT 0.0018 Inter RAO JSC IRAO 0.0018 NHPC Ltd. NHPC 0.0018 Alpek SA de CV ALPEKA 0.0018 Illovo Sugar Ltd. ILV 0.0018 Gerdau SA GGBR3 0.0017 Synthos SA SNS 0.0017 SKC Co. Ltd. 011790 0.0017 New Hope Corp. Ltd. NHC 0.0017 Cia Energetica de Minas Gerais CMIG3 0.0017 Toyota Boshoku Corp. 3116 0.0017 Magyar Telekom Telecommunications plc MTELEKOM 0.0017 PSG Group Ltd. PSG 0.0017 Mphasis Ltd. MPHASIS 0.0017 China Rongsheng Heavy Industries Group Holdings Ltd. 1101 0.0017

61 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

China Yurun Food Group Ltd. 1068 0.0017 Hanjin Shipping Co. Ltd. 117930 0.0017 Hyundai Securities Co. Ltd. 003450 0.0017 Sun TV Network Ltd. SUNTV 0.0017 Dah Sing Banking Group Ltd. 2356 0.0017 Hyundai Merchant Marine Co. Ltd. 011200 0.0017 Turkiye Sise ve Cam Fabrikalari AS SISE 0.0017 Hindustan Zinc Ltd. HINDZINC 0.0017 Hopson Development Holdings Ltd. 754 0.0017 China Dongxiang Group Co. 3818 0.0017 Wan Hai Lines Ltd. 2615 0.0017 Crompton Greaves Ltd. CROMPGREAV 0.0017 Wilson Bayly Holmes-Ovcon Ltd. WBO 0.0016 Vale Indonesia Tbk PT INCO 0.0016 Tianhe Chemicals Group Ltd. 1619 0.0016 Light SA LIGT3 0.0016 YFY Inc. 1907 0.0016 Bajaj Holdings and Investment Ltd. BAJAJHLDNG 0.0016 Texwinca Holdings Ltd. 321 0.0016 Wing Tai Holdings Ltd. W05 0.0016 Petron Corp. PCOR 0.0016 Shenzhen Investment Ltd. 604 0.0016 Taiwan Secom Co. Ltd. 9917 0.0016 Canara Bank CANBK 0.0016 Kandenko Co. Ltd. 1942 0.0016 IDBI Bank Ltd. IDBI 0.0016 Shinko Electric Industries Co. Ltd. 6967 0.0016 Xinjiang Goldwind Science & Technology Co. Ltd. 2208 0.0016 Hite Jinro Co. Ltd. 000080 0.0016 CSG Holding Co. Ltd. Class B 200012 0.0016 China Hongqiao Group Ltd. 1378 0.0016 Yanlord Land Group Ltd. Z25 0.0016 GMR Infrastructure Ltd. GMRINFRA 0.0016 Yantai Changyu Pioneer Wine Co. Ltd. Class B 200869 0.0016 Al Waha Capital PJSC WAHA 0.0016 Weifu High-Technology Group Co. Ltd. Class B 200581 0.0016 Sinopec Yizheng Chemical Fibre Co. Ltd. 1033 0.0015 PanaHome Corp. 1924 0.0015 Concentradora Fibra Danhos SA de CV DANHOS13 0.0015 Hindustan Petroleum Corp. Ltd. HINDPETRO 0.0015 Malaysia Marine and Heavy Engineering Holdings Bhd. MHB 0.0015 Cosco Corp. Singapore Ltd. F83 0.0015 Melker Schorling AB MELK 0.0015 Far Eastern International Bank 2845 0.0015 Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. 874 0.0015

62 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Yang Ming Marine Transport Corp. 2609 0.0015 Vector Ltd. VCT 0.0015 Cathay Real Estate Development Co. Ltd. 2501 0.0015 Adani Power Ltd. ADANIPOWER 0.0015 Pick n Pay Holdings Ltd. PWK 0.0015 Hyundai Hysco Co. Ltd. 010520 0.0014 Latam Airlines Group SA LATM33 0.0014 China Southern Airlines Co. Ltd. 1055 0.0014 TMK OAO GDR TMKS 0.0014 Berli Jucker PCL BJC 0.0014 President Securities Corp. 2855 0.0014 Hellenic Petroleum SA ELPE 0.0014 Atlas Iron Ltd. AGO 0.0014 BEC World PCL BEC 0.0014 Federal Grid Co. Unified Energy System JSC FEES 0.0014 Newcrest Mining Ltd. ADR NCMGY 0.0014 Emperador Inc. EMP 0.0014 Koza Altin Isletmeleri AS KOZAL 0.0014 Dana Gas PJSC DANA 0.0014 Strabag SE STR 0.0014 Tata Communications Ltd. TATACOMM 0.0014 Parkson Holdings Bhd. PARKSON 0.0014 Braskem SA ADR BAK 0.0014 China Travel International Investment Hong Kong Ltd. 308 0.0014 Hutchison Telecommunications Hong Kong Holdings Ltd. 215 0.0014 Exide Industries Ltd. EXIDEIND 0.0013 Braskem SA Preference Shares BRKM5 0.0013 Bank of India BANKINDIA 0.0013 Public Bank Bhd. (Local) Rights Expire 7/18/2014 PBBANK-OR 0.0013 Dongfang Electric Corp. Ltd. 1072 0.0013 Sumitomo Real Estate Sales Co. Ltd. 8870 0.0013 CPFL Energia SA ADR CPL 0.0013 Renhe Commercial Holdings Co. Ltd. 1387 0.0013 Xinyi Solar Holdings Ltd. 968 0.0013 KEPCO Engineering & Construction Co. Inc. 052690 0.0013 CITIC Resources Holdings Ltd. 1205 0.0013 Aquila Resources Ltd. AQA 0.0013 Lewis Group Ltd. LEW 0.0013 Zhaojin Mining Industry Co. Ltd. 1818 0.0013 Hopewell Highway Infrastructure Ltd. 737 0.0013 Nan Ya Printed Circuit Board Corp. 8046 0.0013 Ten Network Holdings Ltd. TEN 0.0012 Tokyo Broadcasting System Holdings Inc. 9401 0.0012 Union Bank of India UNIONBANK 0.0012 Dubai Investments PJSC DIC 0.0012

63 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Guangshen Railway Co. Ltd. 525 0.0012 Shenzhen Expressway Co. Ltd. 548 0.0012 KNB Financial Group Co. Ltd. 192520 0.0012 Toppan Forms Co. Ltd. 7862 0.0012 JSW Energy Ltd. JSWENERGY 0.0012 Guararapes Confeccoes SA GUAR3 0.0012 NS Solutions Corp. 2327 0.0012 Guangdong Electric Power Development Co. Ltd. Class B 200539 0.0012 Ashok Leyland Ltd. ASHOKLEY 0.0012 News Corp. Class B NWS 0.0012 Metallurgical Corp. of China Ltd. 1618 0.0012 Aselsan Elektronik Sanayi Ve Ticaret AS ASELS 0.0012 CBS Corp. Class A CBS.A 0.0012 Shanghai Mechanical and Electrical Industry Co. Ltd. Class B 900925 0.0012 Guangzhou Shipyard International Co. Ltd. 317 0.0011 Royal Bafokeng Platinum Ltd. RBP 0.0011 Kowloon Development Co. Ltd. 34 0.0011 Tokai Rubber Industries Ltd. 5191 0.0011 ArcelorMittal South Africa Ltd. ACL 0.0011 Godrej Industries Ltd. GODREJIND 0.0011 Harbin Electric Co. Ltd. 1133 0.0011 Warehouse Group Ltd. WHS 0.0011 AES Tiete SA GETI3 0.0011 China Eastern Airlines Corp. Ltd. 670 0.0011 Cia de Transmissao de Energia Eletrica Paulista Preference Shares TRPL4 0.0011 Parkson Retail Group Ltd. 3368 0.0011 Dazhong Transportation Group Co. Ltd. Class B 900903 0.0011 BOE Technology Group Co. Ltd. Class B 200725 0.0010 Usinas Siderurgicas de Minas Gerais SA USIM3 0.0010 Shanghai Zhenhua Heavy Industries Co. Ltd. Class B 900947 0.0010 Hyundai Securities Co. Ltd. Preference Shares 003457 0.0010 TV Asahi Holdings Corp. 9409 0.0010 Corp. Ltd. Class B 200550 0.0010 Bosideng International Holdings Ltd. 3998 0.0010 Maanshan Iron & Steel Co. Ltd. 323 0.0010 Russian Grids OAO RSTI 0.0010 Inner Mongolia Eerduosi Resourses Co. Ltd. Class B 900936 0.0010 Anhui Expressway Co. Ltd. 995 0.0010 Oriental Bank of Commerce ORIENTBANK 0.0010 Shanghai Waigaoqiao Free Trade Zone Development Co. Ltd. Class B 900912 0.0010 Sberbank of Russia ADR SBER 0.0010 Mechel ADR MTL 0.0010 China Zhongwang Holdings Ltd. 1333 0.0010 Torrent Power Ltd. TORNTPOWER 0.0010 Indosat Tbk PT ISAT 0.0010

64 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Wumart Stores Inc. 1025 0.0009 Centrais Eletricas Brasileiras SA ADR EBR.B 0.0009 Magnitogorsk Iron & Steel Works OJSC MAGN 0.0009 Mitsubishi Shokuhin Co. Ltd. 7451 0.0009 Hong Kong Ltd. 3808 0.0009 Cia de Gas de Sao Paulo COMGAS Preference Shares Class A CGAS5 0.0009 Arteris SA ARTR3 0.0009 Shandong Chenming Paper Holdings Ltd. Class B 200488 0.0009 Sichuan Expressway Co. Ltd. 107 0.0009 Travellers International Hotel Group Inc. RWM 0.0009 Essar Oil Ltd. ESSAROIL 0.0009 Dongkuk Steel Mill Co. Ltd. 001230 0.0009 Aneka Tambang Persero Tbk PT ANTM 0.0009 Indofood Agri Resources Ltd. 5JS 0.0009 Grana y Montero SAA GRAMONC1 0.0009 Pharmstandard OJSC GDR PHST 0.0009 Shanghai Jinqiao Export Processing Zone Development Co. Ltd. Class B 900911 0.0008 Cia Paranaense de Energia Preference Shares CPLE6 0.0008 Indorama Ventures PCL IVL 0.0008 Kingboard Laminates Holdings Ltd. 1888 0.0008 IRPC PCL IRPC 0.0008 China Merchants Property Development Co. Ltd. Class B 200024 0.0008 Fountainhead Property Trust FPT 0.0008 Siam Cement PCL NVDR SCC-R 0.0008 Cia de Minas Buenaventura SAA BUENAVC1 0.0008 Talaat Moustafa Group TMGH 0.0008 China Conch Venture Holdings Ltd. 586 0.0008 Oi SA ADR OIBR 0.0007 Shanghai Jinjiang International Hotels Development Co. Ltd. Class B 900934 0.0007 China Machinery Engineering Corp. 1829 0.0007 Great Eastern Shipping Co. Ltd. GESHIP 0.0007 Tata Chemicals Ltd. TATACHEM 0.0007 Shanghai Friendship Group Inc. Co. Class B 900923 0.0007 China Foods Ltd. 506 0.0007 Latam Airlines Group SA ADR LFL 0.0007 Yulon Nissan Motor Co. Ltd. 2227 0.0007 Mangalore Refinery & Petrochemicals Ltd. MRPL 0.0007 KJB Financial Group Co. Ltd. 192530 0.0007 Tianjin Capital Environmental Protection Group Co. Ltd. 1065 0.0007 Bank Otkritie Financial Corp. GDR OFCB 0.0006 Lianhua Holdings Co. Ltd. 980 0.0006 Wockhardt Ltd. WOCKPHARMA 0.0006 Cia Paranaense de Energia CPLE3 0.0006 Thai Airways International PCL THAI 0.0006 Shanghai Haixin Group Co. Class B 900917 0.0006

65 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Anhui Gujing Distillery Co. Ltd. Class B 200596 0.0006 Severstal OAO GDR SVST 0.0006 Sinofert Holdings Ltd. 297 0.0006 Bank of Ayudhya PCL BAY-R 0.0006 Shanghai Chlor-Alkali Chemical Co. Ltd. Class B 900908 0.0006 Foshan Electrical and Lighting Co. Ltd. Class B 200541 0.0006 Sany Heavy Equipment International Holdings Co. Ltd. 631 0.0006 Shenzhen Chiwan Wharf Holdings Ltd. Class B 200022 0.0006 Beijing North Star Co. Ltd. 588 0.0005 State Bank of India GDR SBID 0.0005 Hutchison Harbour Ring Ltd. 715 0.0005 Egyptian Financial Group-Hermes Holding HRHO 0.0005 Double Coin Holdings Ltd. Class B 900909 0.0005 Corp Bank CORPBANK 0.0005 Viacom Inc. Class A VIA 0.0005 Shandong Chenming Paper Holdings Ltd. 1812 0.0005 Polyus Gold OJSC PLZL 0.0005 Egypt Kuwait Holding Co. SAE EKHO 0.0005 Sun Hung Kai Properties Ltd. Warrants Expire 4/8/2016 1441 0.0005 Mosenergo OAO MSNG 0.0004 Douja Promotion Groupe Addoha SA ADH 0.0004 Aplus Financial Co. Ltd. 8589 0.0004 Huadian Energy Co. Ltd. Class B 900937 0.0004 Telecom Egypt Co. ETEL 0.0004 Fibria Celulose SA ADR FBR 0.0004 Bengang Steel Plates Co. Class B 200761 0.0004 Ryanair Holdings plc RY4B 0.0004 China National Materials Co. Ltd. 1893 0.0003 Jinzhou Port Co. Ltd. Class B 900952 0.0003 Centrais Eletricas Brasileiras SA ADR EBR 0.0003 Lennar Corp. Class B LEN.B 0.0002 Intouch Holdings PCL INTUCH-F 0.0002 Mobile Telesystems OJSC MTSS 0.0001 BS Financial Group Inc. Rights Expire 7/04/2014 0.0001 Glow Energy PCL GLOW 0.0001 Oi SA ADR OIBR.C 0.0001 AMBEV SA ABEV9 0.0001 Krung Thai Bank PCL KTB 0.0001 Rostelecom OJSC ADR ROSYY 0.0000 Empresas CMPC SA Rights Expire 7/25/2014 CMPC-OSA 0.0000 Siam Cement PCL SCC 0.0000 Novolipetsk Steel OJSC NLMK 0.0000 Mechel MTLR 0.0000 BGP Holdings PLC 0.0000 Irish Bank Resolution Corp. Ltd. CKL1 0.0000

66 FTSE All-World ex Canada Index ETF VXC As of 30 June 2014

Securities Symbol % of assets

Ya Hsin Industrial Co. Ltd. YHSNF 0.0000

* Holdings are subject to change. ** Percentage of assets may not add up to 100%. The first date of publication by Vanguard Investments Canada Inc. is February 8, 2012. Notes on risk: All investments, including those that seek to track indexes, are subject to risk, including the possible loss of principal. Investing in ETFs involves risk, including the risk of error in tracking the underlying index. Investments in exchange-traded bond funds are subject to interest rate, credit, and inflation risk. Commissions, management fees and expenses all may be associated with the Vanguard ETFs. This offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Please read the pro- spectus before investing. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated. Vanguard Investments Canada Inc. provides this detailed list of the securities held in a Vanguard ETF (portfolio holdings) as of the most recent calendar-quarter end and thirty (30) days after the end of the calendar quarter. Vanguard Investments Canada Inc. may exclude any portion of these portfolio holdings from publication when deemed in the best interest of the Vanguard ETF. Vanguard Investments Canada Inc. also provides the distribution by maturity, issuer, and credit quality in the Vanguard ETF’s fact sheet. The portfolio holdings are provided on an “as is” basis, and Vanguard Investments Canada Inc. makes no express or implied warranties or representations with respect to the accuracy, completeness, reliability or fitness of the portfolio holdings or any financial results from their use. In no event shall Vanguard Investments Canada Inc. or its affiliates have any liability relating to the use of the portfolio holdings. The portfolio holdings are provided on a delayed basis, are subject to change on a daily basis and will not necessarily represent all of the actual investments held by the Vanguard ETF. Some Vanguard ETFs may use derivatives to hedge their exposure to foreign currencies. No part of this publication may be reproduced, distributed, disseminated, or referred to, in whole or in part, in any form, without prior written and express permission by Vanguard Investments Canada Inc. © 2014 Vanguard Investments Canada Inc. All rights reserved.

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