Investment objective & strategy
As of Feb. 27, 2026 · prospectusObjective. Vanguard International Explorer Fund (the Fund) seeks to provide long-term capital appreciation.
Strategy. The Fund employs an active management approach, investing primarily in the equity securities of small-capitalization companies located in countries outside the United States that an advisor believes offer the potential for capital appreciation. In doing so, each advisor considers, among other things, whether the company has the potential for above-average earnings growth, whether the companys securities are attractively valued, and whether the company has a sustainable competitive advantage. The Fund has multiple advisors, each of which independently selects and maintains a portfolio of common stocks for the Fund. The Fund employs an active management approach, investing primarily in the equity securities of small-capitalization companies located in countries outside the United States that an advisor believes offer the potential for capital appreciation. In doing so, each advisor considers, among other things, whether the company has the potential for above-average earnings growth, whether the companys securities are attractively valued, and whether the company has a sustainable competitive advantage. The Fund has multiple advisors, each of which independently selects and maintains a portfolio of common stocks for the Fund.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Vanguard Market Liquidity Fund | — | $40.22M | 2.62% |
| ISHARES MSCI EAFE SMALL CAP ETF | SCZ | $18.03M | 1.17% |
| BAWAG GROUP AG | — | $15.54M | 1.01% |
| ROTORK PLC | — | $13.63M | 0.89% |
| MEBUKI FINANCIAL | — | $13.39M | 0.87% |
| ARCADIS NV | — | $13.34M | 0.87% |
| KOKUSAI ELECTRIC | — | $12.64M | 0.82% |
| HAMMERSON PLC | — | $12.57M | 0.82% |
| CURRYS PLC | — | $12.11M | 0.79% |
| HYSAN DEV | — | $11.90M | 0.77% |
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. |
|---|---|---|
| Nationwide International Small Cap Fund · NWXSX, NWXUX, NWXVX | 45% | 0.89% |
| International Opportunities Fund · VIOPX | 40% | 1.01% |
| Fidelity SAI International Small Cap Index Fund · FSISX | 14% | 0.10% |
Advisers
| Firm | Role |
|---|---|
| Schroder Investment Management North America Inc. | Adviser |
| Wellington Management Company LLP | 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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