LIB - Vanguard Global Infras Idx

The Fund invests in securities of companies in developed countries with exposure to transportation, energy and telecommunications infrastructure. It holds all of the securities in the FTSE Index most of the time allowing individual security weightings to vary marginally from the index from time to time. The Fund also considers investing in futures and securities that have been removed or are expected to be included in the index. It engages in securities lending on occasion to incrementally increase returns to investors.