Investment objective & strategy
As of Feb. 27, 2026 · prospectusObjective. Vanguard European 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 the major markets of Europe.
Strategy. The Fund employs an indexing investment approach designed to track the performance of the FTSE Developed Europe All Cap Index (the Target Index), a market-capitalization weighted index that is made up of common stocks of companies located in European countries. 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 uses the replication method of indexing, meaning that the Fund generally holds the same stocks as those in its Target Index and in approximately the same proportions. The Fund employs an indexing investment approach designed to track the performance of the FTSE Developed Europe All Cap Index (the Target Index), a market-capitalization weighted index that is made up of common stocks of companies located in European countries. 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 uses the replication method of indexing, meaning that the Fund generally holds the same stocks as those in its Target Index and in approximately the same proportions.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| ASML HOLDING NV | — | $1.41B | 3.60% |
| ROCHE HLDG-GENUS | — | $795.58M | 2.03% |
| HSBC HOLDINGS PL | — | $755.88M | 1.93% |
| NOVARTIS AG-REG | — | $710.74M | 1.82% |
| ASTRAZENECA PLC | — | $696.89M | 1.78% |
| NESTLE SA-REG | — | $602.44M | 1.54% |
| SIEMENS AG-REG | — | $553.95M | 1.42% |
| SAP SE | — | $512.49M | 1.31% |
| SHELL PLC | — | $508.92M | 1.30% |
| BANCO SANTANDER SA | — | $472.49M | 1.21% |
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. |
|---|---|---|
| iShares Core MSCI Europe ETF · IEUR | 67% | 0.10% |
| SPDR(R) Portfolio Europe ETF · SPEU | 65% | 0.07% |
| Franklin FTSE Europe ETF · FLEE | 64% | 0.09% |
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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