INVESTMENT ADVISORY AGREEMENTInvestment Advisory Agreement • February 22nd, 2011 • Vanguard Trustees' Equity Fund • Delaware
Contract Type FiledFebruary 22nd, 2011 Company JurisdictionAGREEMENT 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”).