VDIPX
VANGUARD DEVELOPED MARKETS INDEX FUND
VANGUARD TAX-MANAGED FUNDS
ETFIndex fund
Expense ratio1
0.02%
Net assets2
$282.14B
Holdings2
3889
Category
International Equity
2025 return3
35.15%

Investment objective & strategy

As of April 29, 2025 · prospectus

Objective. The Fund seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in Canada and the major markets of Europe and the Pacific region.

Strategy. The Fund employs an indexing investment approach designed to track the performance of the FTSE Developed All Cap ex US Index (the Index), a market-capitalization-weighted index that as of December 31, 2024, is made up of approximately 3,909 common stocks of large-, mid-, and small-cap companies located in Canada and the major markets of Europe and the Pacific region. The Fund attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index. The Fund employs an indexing investment approach designed to track the performance of the FTSE Developed All Cap ex US Index (the Index), a market-capitalization-weighted index that as of December 31, 2024, is made up of approximately 3,909 common stocks of large-, mid-, and small-cap companies located in Canada and the major markets of Europe and the Pacific region. The Fund attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
SAMSUNG ELECTRON $5.32B 1.88%
ASML HOLDING NV $4.99B 1.77%
Vanguard Market Liquidity Fund $3.03B 1.07%
SK HYNIX INC $2.97B 1.05%
NOVARTIS AG-REG $2.85B 1.01%
ASTRAZENECA PLC $2.84B 1.01%
HSBC HOLDINGS PL $2.73B 0.97%
ROCHE HOLDING AG $2.72B 0.96%
SHELL PLC $2.55B 0.90%
NESTLE SA-REG $2.44B 0.87%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
105
Exited
67
Increased
2619
Decreased
411
Unchanged
756

How 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.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND · VTIAX, VGTSX, VTSNX, VXUS, VTPSX, VTISX 72% 0.05%
VANGUARD FTSE ALL-WORLD EX-US INDEX FUND · VEU, VFWSX, VFWPX, VFWAX 72% 0.03%
SPDR Portfolio Developed World ex- US ETF · SPDW 72% 0.03%
View all similar funds →

Advisers

As of December 31, 2025 · N-CEN
FirmRole
The Vanguard Group, Inc. Adviser

Footnotes

  1. Expense ratio as of April 29, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

Machine-readable: JSON · Markdown. Programmatic access via the agent surface.