Vanguard Total International Bond II Index Fund Investor Shares VTIIX Strategy

The investment seeks to track the performance of Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged) that measures the investment return of non-U.S. dollar-denominated investment-grade bonds. The fund employs an indexing investment approach designed to track the performance of the index. This index provides a broad-based measure of the global, investment-grade, fixed-rate debt markets. All of its investments will be selected through the sampling process and, normally, at least 80% of the fund's assets will be invested in bonds included in the index. It is non-diversified.