Investment objective & strategy
As of April 29, 2025 · prospectusObjective. The Portfolio seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in developed and emerging markets, excluding the United States.
Strategy. The Portfolio employs an indexing investment approach designed to track the performance of the FTSE Global All Cap ex US Index (the Index), a float-adjusted market-capitalization-weighted index designed to measure equity market performance of companies located in developed and emerging markets, excluding the United States. The Index includes approximately 8,353 stocks of companies located in over 47 markets. As of December 31, 2024, the largest markets covered in the Index were Japan, the United Kingdom, China, Canada, India, and France (which made up approximately 16%, 9%, 8%, 8%, 6%, and 6%, respectively, of the Indexs market capitalization). The Portfolio obtains its exposure to the stocks in the Index by investing all, or substantially all, of its assets in a mix … The Portfolio employs an indexing investment approach designed to track the performance of the FTSE Global All Cap ex US Index (the Index), a float-adjusted market-capitalization-weighted index designed to measure equity market performance of companies located in developed and emerging markets, excluding the United States. The Index includes approximately 8,353 stocks of companies located in over 47 markets. As of December 31, 2024, the largest markets covered in the Index were Japan, the United Kingdom, China, Canada, India, and France (which made up approximately 16%, 9%, 8%, 8%, 6%, and 6%, respectively, of the Indexs market capitalization). The Portfolio obtains its exposure to the stocks in the Index by investing all, or substantially all, of its assets in a mix of Vanguard equity index funds (underlying funds). The Portfolios allocations to the underlying funds will change over time as the composition of the Index changes.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| VANGUARD DEVELOPED MARKETS IND VANGUARD DEV MKT INDX ADM | — | $738.40M | 28.16% |
| VAN-FTSE XUS-ADM | — | $736.78M | 28.09% |
| VANGUARD EMERGING MARKETS STOC VANGUARD EM MKT STK IND ADM | — | $488.52M | 18.63% |
| VANG-EUR ST-ADM | — | $312.35M | 11.91% |
| VANG-PAC ST-ADM | — | $225.44M | 8.60% |
| VANG-FTSE AW-ADM | — | $76.95M | 2.93% |
| VANGUARD FTSE CA | — | $43.93M | 1.67% |
| Vanguard Market Liquidity Fund | — | $810.80K | 0.03% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| PIMCO REALPATH Blend 2070 Fund | 36% | 0.16% |
| PIMCO REALPATH Blend 2065 Fund · PBLLX, PBLIX | 11% | 0.15% |
Advisers
| Firm | Role |
|---|---|
| The Vanguard Group, Inc. | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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