We appreciate your interest in Vanguard(R) funds. However, Vanguard's U.S. mutual funds are open only to U.S. residents. Vanguard funds are registered for sale only to persons who live – that is, maintain a legal permanent residence – in the United States. Permanent residents of the United States, regardless of citizenship, can buy shares of our funds; conversely, people who live outside of the United States, even if they are US citizens, generally cannot buy shares of our funds.
Foreign countries often have laws governing who can sell securities (such as mutual fund shares) to residents of their countries. We have this policy in place to reduce the risk that Vanguard might violate these foreign securities laws and regulations.