Investment objective & strategy
As of Feb. 27, 2026 · prospectusObjective. Vanguard FTSE All-World ex-US Index Fund (the Fund) seeks to track the performance of a benchmark index that measures the investment return of stocks of companies located in developed and emerging markets outside of the United States.
Strategy. The Fund employs an indexing investment approach designed to track the performance of the FTSE All-World ex US Index (the Target Index), a float-adjusted, market-capitalization weighted index designed to measure equity market performance of large- and mid-cap stocks in international developed and emerging markets, excluding the United States. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in stocks that make up the Target Index. The Fund attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the Target Index, holding each stock in approximately the same proportion as its weighting in the Target Index. The Fund employs an indexing investment approach designed to track the performance of the FTSE All-World ex US Index (the Target Index), a float-adjusted, market-capitalization weighted index designed to measure equity market performance of large- and mid-cap stocks in international developed and emerging markets, excluding the United States. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in stocks that make up the Target Index. The Fund attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the Target Index, holding each stock in approximately the same proportion as its weighting in the Target Index.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TSMC | — | $2.98B | 3.56% |
| ASML HOLDING NV | — | $1.25B | 1.50% |
| SAMSUNG ELECTRON | — | $1.15B | 1.38% |
| TENCENT | — | $1.06B | 1.26% |
| BABA-W | — | $844.61M | 1.01% |
| Vanguard Market Liquidity Fund | — | $780.38M | 0.93% |
| SK HYNIX INC | — | $749.88M | 0.90% |
| ROCHE HLDG-GENUS | — | $709.75M | 0.85% |
| Vanguard Market Liquidity Fund | — | $700.71M | 0.84% |
| HSBC HOLDINGS PL | — | $672.47M | 0.80% |
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. |
|---|---|---|
| VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND · VTIAX, VGTSX, VTSNX, VXUS, VTPSX, VTISX | 91% | 0.05% |
| VANGUARD ESG INTERNATIONAL STOCK ETF · VSGX | 72% | 0.10% |
| VANGUARD DEVELOPED MARKETS INDEX FUND · VTMGX, VTMNX, VEA, VDIPX, VDVIX | 72% | 0.02% |
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. 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).
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