The Vanguard Total World Stock ETF (Ticker: VT) seeks investment results that correspond generally to the performance, before fees and expenses, of the FTSE All-World Index. The index is free-float- adjusted, market-capitalization-weighted, designed to measure the market performance of large- and mid-capitalization stocks of companies located around the world. The index includes approximately 2,900 stocks of companies located in 47 countries, including both developed and emerging markets. The largest markets covered in the Index are the United States, the United Kingdom, Japan, France, and Germany.