NUMBER 160;
[001]
CAPITAL STOCK
ETF Shares
Vanguard TOTAL INTERNATIONAL STOCK ETF
a Class of
Vanguard TOTAL INTERNATIONAL STOCK INDEX FUND
a Series of the
VANGUARD STAR FUNDS
(A Delaware Statutory Trust)
THIS CERTIFIES that CEDE & CO. is the holder of the current outstanding number of Vanguard Total International Stock ETF shares issued by Vanguard Total International Stock Index Fund (the “Fund”) shown from time to time on the records of the Vanguard STAR Funds, a Delaware statutory trust (the “Trust”), as represented by this certificate of the Trust, transferable only on the books and records of the Trust by the holder hereof in person or by duly authorized attorney-in-fact upon surrender of this Certificate properly endorsed. This Certificate is not valid until countersigned by the transfer agent of the Trust.
The registered holder of this Certificate is entitled to all the rights, interest and privileges of a holder of ETF Shares as provided by the Declaration of Trust, the by-laws of the Trust, and the Vanguard Funds Multiple Class Plan as from time to time amended, which are incorporated by reference herein.
This Certificate is executed on behalf of the Trust and the obligations hereof are not binding upon any of the Trustees, officers or shareholders of the Trust individually, but are binding only upon the assets and property of the Fund.
IN WITNESS WHEREOF, the said Trust has caused this Certificate to be signed by its duly authorized officer.
Countersigned: Dated: __________________
JPMORGAN CHASE BANK. N.A. VANGUARD STAR FUNDS
(the Index Receipt Agent) (the Trust)
By: By:___________________________
Thomas J. Higgins
Authorized Signature Chief Financial Officer