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The investment objective of the Fund is to track the performance of the FTSE North America All Cap Choice Index, less fees, expenses and transaction costs. The Index is a market-capitalisation-weighted index composed of large-, mid- and small-cap stocks of companies located in the United States and Canada. The Index is constructed from the FTSE North America All Cap Index, which is screened for environmental, social and governance criteria independent of Vanguard. The screening excludes stocks of companies involved in, or deriving significant revenue from, controversial activities including vice products, non-renewable energy, weapons and certain fossil fuel activities. The Index also excludes companies based on controversial conduct, including non-compliance with the United Nations Global Compact Principles. The Fund uses physical replication and may use a sampling process where full replication is not practicable.

The investment objective of the Fund is to track the performance of the FTSE North America All Cap Choice Index (the “Index”), before fees and expenses. The Index is a market-capitalisation-weighted index composed of large-, mid- and small-cap stocks of companies located in the United States and Canada. The Index is constructed from the FTSE North America All Cap Index, which is screened according to environmental, social and governance criteria, including criteria relating to the United Nations Global Compact Principles. The Index excludes stocks of companies involved in, or deriving revenue from, certain controversial activities, including adult entertainment, alcohol, gambling, tobacco, non-renewable energy, weapons and fossil fuel-related activities, as well as companies based on certain controversial conduct. The Fund uses physical replication and may use a sampling process where full replication is not practicable. Income from the ETF Shares is reinvested.