Quarterly Portfolio Disclosure Vanguard

Quarterly Portfolio Disclosure | March 31, 2020

Vanguard FTSE Developed Asia Pacific All Cap Index ETF (CAD-hedged)

Summary of Investment Portfolio

Sector Allocation Top 25 Holdings As at March 31, 2020 Information displayed is for the Canada-domiciled Vanguard % of Underlying FTSE Developed Asia Pacific All Cap Index ETF in which this fund Canada-domiciled Vanguard Fund primarily invests. Financials 20.1% The prospectus and other information about this Canada-domiciled Industrials 17.7 Vanguard fund are available on the internet at www.sedar.com. Consumer Goods 17.0 As at March 31, 2020 Consumer Services 10.3 % of Underlying Technology 9.7 Canada-domiciled Vanguard Fund Health Care 9.5 Samsung Electronics Co. Ltd. 3.7% Basic Materials 6.5 Toyota Motor Corp. 2.6 Telecommunications 4.1 AIA Group Ltd. 1.9 Utilities 2.4 CSL Ltd. 1.4 Oil & Gas 1.2 Sony Corp. 1.3 Short-term 0.0 Commonwealth Bank of Australia 1.2 Other assets and liabilities (net) 1.5 Keyence Corp. 1.0 Total 100.0 SoftBank Group Corp. 1.0 BHP Group Ltd. 0.9 KDDI Corp. 0.9 Mitsubishi UFJ Financial Group, Inc. 0.8 Takeda Pharmaceutical Co. Ltd. 0.8 Daiichi Sankyo Co. Ltd. 0.7 Nintendo Co. Ltd. 0.7 Shin-Etsu Chemical Co. Ltd. 0.7 Honda Motor Co. Ltd. 0.7 Kao Corp. 0.7 Hong Kong Exchanges & Clearing Ltd. 0.6 Westpac Banking Corp. 0.6 NTT DoCoMo, Inc. 0.6 SK Hynix Inc. 0.6 Recruit Holdings Co. Ltd. 0.6 Daikin Industries, Ltd. 0.6 Cash 0.5 Sumitomo Mitsui Financial Group, Inc. 0.5 Top holdings as a percentage of net asset value 25.6 Total net asset value $17,770,264

The Summary of Investment Portfolio may change because of the ETF’s ongoing portfolio transactions. Updates are available quarterly.