Investment objective & strategy
As of Feb. 27, 2026 · prospectusObjective. Vanguard Emerging Markets Stock Index Fund (the Fund) seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in emerging market countries.
Strategy. The Fund employs an indexing investment approach designed to track the performance of the FTSE Emerging Markets All Cap China A Inclusion Index (the Target Index), a market-capitalization weighted index that is made up of the common stocks of companies located in emerging markets around the world. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the stocks that make up the Target Index. The Fund invests by sampling the Target Index, meaning that it holds a range of securities that, in the aggregate, approximates the full Target Index in terms of key risk factors and other characteristics. The Fund may become nondiversified, as defined under … The Fund employs an indexing investment approach designed to track the performance of the FTSE Emerging Markets All Cap China A Inclusion Index (the Target Index), a market-capitalization weighted index that is made up of the common stocks of companies located in emerging markets around the world. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the stocks that make up the Target Index. The Fund invests by sampling the Target Index, meaning that it holds a range of securities that, in the aggregate, approximates the full Target Index in terms of key risk factors and other characteristics. The Fund may become nondiversified, as defined under the Investment Company Act of 1940, solely as a result of tracking an index. This could occur due to events such as an index rebalance or market movement. A nondiversified fund may invest a greater percentage of its assets in the securities of particular issuers as compared with diversified funds. In addition, the Fund could become concentrated in an industry or group of industries if the Target Index becomes concentrated due to market conditions or the performance of a single or related group of issuers.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TSMC | — | $18.36B | 12.10% |
| TENCENT | — | $6.50B | 4.28% |
| BABA-W | — | $5.20B | 3.43% |
| Vanguard Market Liquidity Fund | — | $3.42B | 2.25% |
| Vanguard Market Liquidity Fund | — | $2.37B | 1.56% |
| HDFC BANK LTD | — | $1.57B | 1.03% |
| RELIANCE INDUSTR | — | $1.42B | 0.93% |
| CCB-H | — | $1.21B | 0.79% |
| HON HAI | — | $1.15B | 0.76% |
| MEDIATEK | — | $1.11B | 0.73% |
Portfolio moves
Oct 31, 2025 → Jan 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. |
|---|---|---|
| Schwab Emerging Markets Equity ETF · SCHE | 73% | 0.07% |
| BNY Mellon Emerging Markets Equity ETF · BKEM | 65% | 0.11% |
| Fidelity Emerging Markets Index Fund · FPADX | 65% | 0.08% |
Advisers
| Firm | Role |
|---|---|
| The Vanguard Group, Inc. | Adviser |
Footnotes
- Expense ratio as of February 27, 2026, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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