ETFs VAW Performance

Based on NAV

Based on Market Prices

Vanguard Materials ETF - VAW

IIV

$52.18

unch

544,953

N.A.

10/10/2008 3:59 PM ET


Profile	Total Return	Premium/Discount	Distributions

Total Return Performance

As of Month Ending 08/29/08

	1 Year	3 Year	5 Year	10 Year	Since Inception


Cumulative	4.15	58.48	N.A.	N.A.	81.46
Annualized	4.15	16.59	N.A.	N.A.	13.85

As of 09/18/08

	12 Months Trailing	Since Date Listed


Cumulative	-9.69	65.05
Annualized	-9.69	11.42

Exchange traded funds are subject to risks similar to those of stocks. Investment returns will fluctuate and are subject to market volatility, so that an investor's shares, when redeemed or sold, may be worth more or less than their original cost. Investments in foreign investments may incur greater risks than domestic investments. Past performance is no guarantee of future results.

An investor should consider investment objectives, risks, charges and expenses before investing. To obtain a prospectus, which contains this and other information, click here for a prospectus or call 1-866-499-8473. Please read the prospectus carefully before investing.

Vanguard Marketing Corporation, a registered broker-dealer, is distributor for ETF Shares, all index funds.