Vanguard MSCI Canada Index ETF

As of 28 February 2013

VCE

Investment approach
Seeks to track the performance of the MSCI Canada Index to the extent

ETF facts
Benchmark Dividend schedule ETF total net assets Inception date Eligibility Management fee MSCI Canada Index Quarterly $130 million 30 November 2011 RRSP, RRIF, RESP, TFSA, DPSP, RDSP 0.09%

possible and before fees and expenses. Employs a passively managed, full-replicated index strategy to provide broad exposure to predominantly large- and mid-cap companies in Canada, diversified across growth and value styles. Uses efficient, cost effective index management techniques.

About the benchmark

The market-cap-weighted MSCI Canada Index represents about 85% of the

Canadian equity market.

Trading information
Ticker symbol CUSIP SEDOL ISIN Index ticker VCE 92205W109 B6YT2V9 CA92205W1095 M8CA Toronto Stock Exchange CAD

Performance history

Total returns for period ending 28 February 2013 Vanguard MSCI Canada Index ETF Net asset value (NAV) return Market price return MSCI Canada Index in CAD 3 Year to months date 5.59% 5.61 5.63 3.68% 3.70 3.71 1 year 3 years 5 years 4.84% 4.93 4.96 5.28 1.38 Since inception 7.10% 7.20 7.32

Exchange Currency

The performance of the index and the past performance of the Vanguard ETF are not an exact representation of any particular investment as you cannot invest directly in an index and past performance does not guarantee future results. The historical performance of the index and of the Vanguard ETF are for illustrative purposes only and are not meant to forecast, imply or guarantee the future performance of the Vanguard ETF. See www.vanguardcanada.ca to find the most recent month-end performance numbers.

Commissions, management fees and expenses all may be associated with the Vanguard ETFs. This offering is only made by prospectus. Copies are available from Vanguard Investments Canada Inc. at www.vanguardcanada.ca. Investment objectives, risks, fees, expenses and other important information are contained in the prospectus; read it before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.

Vanguard MSCI Canada Index ETF

As of 28 February 2013

VCE

ETF characteristics
MSCI Canada Index ETF 97 $28.0B 16.9x 1.9x 14.4% 4.7% 0.1% 15% MSCI Canada Index 97 $28.0B 16.9x 1.9x 14.4% 4.7%

Ten largest stocks as % of total net assets

Royal Bank of Canada Toronto-Dominion Bank Bank of Nova Scotia Suncor Energy Inc. Canadian National Railway Co. Bank of Montreal Potash Corp. of Saskatchewan Inc. Enbridge Inc. Canadian Natural Resources Ltd. TransCanada Corp. Total The holdings provided exclude any temporary cash investments and equity index products. MSCI Canada Index 4.3% 3.0 26.0 35.5 2.4 7.0 1.2 16.4 3.1 1.1 7.2% 6.0 5.5 3.8 3.5 3.2 2.8 2.7 2.7 2.6 40.0%

Number of stocks Median market cap Price/earnings ratio Price/book ratio Return on equity Earnings growth rate Cash investments Turnover rate

Sector diversification
MSCI Canada Index ETF 4.3% 3.0 26.0 35.5 2.4 7.0 1.2 16.4 3.1 1.1

Consumer Discretionary Consumer Staples Energy Financials Health Care Industrials Information Technology Materials Telecommunication Service Utilities

The sector allocations provided exclude any temporary cash investments.

This fact sheet is provided for informational purposes only and does not provide the disclosure of a fund facts document that is required for certain mutual funds by current securities regulation. Figures are provided on a delayed and unaudited basis as at the date of this fact sheet, may change at any time and should not be construed as investment advice. This ETF fact sheet has been compiled by Vanguard from sources believed to be reliable, but no representation or warranty, express or implied, is made by The Vanguard Group, Inc., Vanguard Investments Canada Inc., its subsidiaries or affiliates or any other person as to its accuracy, completeness or correctness. The information contained in this ETF fact sheet is derived from proprietary and non-proprietary sources deemed by Vanguard to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. Sources: The Vanguard Group, Inc. and MSCI. CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poors Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, 2012 American Bankers Association. CUSIP is a registered trademark of the American Bankers Association. SEDOL data has been provided from the London Stock Exchange's SEDOL Masterfile. The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities. 2013 Vanguard Investments Canada Inc. All rights reserved.
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