VHGEX
VANGUARD GLOBAL EQUITY FUND
VANGUARD HORIZON FUNDS
Expense ratio1
0.38%
Net assets2
$7.00B
Holdings2
172
Category
US Equity
2025 return3
21.11%

Investment objective & strategy

As of Jan. 28, 2026 · prospectus

Objective. Vanguard Global Equity Fund (the Fund) seeks to provide long-term capital appreciation.

Strategy. The Fund employs an active management approach, investing primarily in U.S. and foreign equity securities. The Fund typically invests across a wide range of industries, and its holdings are expected to represent a mix of value and growth stocks, as well as a mix of developed and emerging markets stocks, across the capitalization spectrum. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities. For purposes of the 80% policy, equity securities include common stocks, preferred stocks, warrants to purchase common stocks and preferred stocks, depositary receipts, and other securities with equity characteristics. The Fund has multiple advisors, each of which independently selects and maintains … The Fund employs an active management approach, investing primarily in U.S. and foreign equity securities. The Fund typically invests across a wide range of industries, and its holdings are expected to represent a mix of value and growth stocks, as well as a mix of developed and emerging markets stocks, across the capitalization spectrum. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities. For purposes of the 80% policy, equity securities include common stocks, preferred stocks, warrants to purchase common stocks and preferred stocks, depositary receipts, and other securities with equity characteristics. The Fund has multiple advisors, each of which independently selects and maintains a portfolio of common stocks for the Fund.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
NVIDIA CORP $389.78M 5.57%
Vanguard Market Liquidity Fund $254.61M 3.64%
MICROSOFT CORP $244.04M 3.49%
AMAZON.COM INC $213.37M 3.05%
TSMC $172.81M 2.47%
MASTERCARD INC CL A $128.92M 1.84%
TENCENT $119.75M 1.71%
TAIWAN SEMIC-ADR $115.30M 1.65%
ASML HOLDING NV $109.96M 1.57%
ALPHABET INC CL C $106.01M 1.51%
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
13
Exited
18
Increased
38
Decreased
62
Unchanged
59

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.
Baillie Gifford Global Alpha Equities Fund · BGALX, BGATX, BGAEX, BGAVX, BGAKX, BGASX 47% 0.50%
Sustainable Aware Equity Fund · REUYX, REQAX, REQCX, REQTX, RUDRX, RDFUX 33% 0.85%
VANGUARD U.S. GROWTH FUND · VWUSX, VWUAX 32% 0.25%
View all similar funds →

Advisers

As of September 30, 2025 · N-CEN
FirmRole
Wellington Management Company LLP Adviser
Pzena Investment Management, LLC Adviser
Baillie Gifford Overseas Ltd Adviser

Footnotes

  1. Expense ratio as of January 28, 2026, 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. As reported in the fund's prospectus performance bar chart.

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