0000932471-11-001637 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • February 22nd, 2011 • Vanguard Trustees' Equity Fund • Delaware

AGREEMENT made as of this 1st day of February, 2011, between Vanguard Trustees’ Equity Fund, a Delaware statutory trust (the “Trust”), and Hansberger Global Investors, Inc., a Delaware corporation (the “Advisor”).

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