Investment objective & strategy
As of Feb. 27, 2026 · prospectusObjective. Vanguard Emerging Markets Select Stock Fund (the Fund) seeks to provide long-term capital appreciation.
Strategy. The Fund employs an active management approach. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in common stocks of companies located in emerging markets. For purposes of the 80% policy, emerging markets means countries included in the Funds performance benchmark, the FTSE Emerging Index; countries classified as emerging economies by the World Bank; and other countries or markets with similar emerging characteristics as determined by the advisors. 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. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in common stocks of companies located in emerging markets. For purposes of the 80% policy, emerging markets means countries included in the Funds performance benchmark, the FTSE Emerging Index; countries classified as emerging economies by the World Bank; and other countries or markets with similar emerging characteristics as determined by the advisors. 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 |
|---|---|---|---|
| TSMC | — | $120.83M | 10.18% |
| Vanguard Market Liquidity Fund | — | $68.45M | 5.77% |
| TENCENT | — | $53.19M | 4.48% |
| SAMSUNG ELECTRON | — | $41.50M | 3.49% |
| BABA-W | — | $38.08M | 3.21% |
| SK HYNIX INC | — | $22.03M | 1.86% |
| Credicorp Ltd | — | $18.06M | 1.52% |
| MERCADOLIBRE INC | — | $15.76M | 1.33% |
| B3 SA | — | $15.65M | 1.32% |
| CHINA OVERSEAS | — | $13.73M | 1.16% |
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. |
|---|---|---|
| Brown Advisory Emerging Markets Select Fund · BAFQX, BIAQX, BAQAX | 41% | 1.10% |
| VANGUARD EMERGING MARKETS STOCK INDEX FUND · VEIEX, VEMIX, VWO, VEMAX, VEMRX | 39% | 0.05% |
| Mercer Emerging Markets Equity Fund · MEMVX, MEMSX, MEMWX, MEMQX | 38% | 0.38% |
Advisers
| Firm | Role |
|---|---|
| Wellington Management Company LLP | Adviser |
| Pzena Investment Management, LLC | Adviser |
| Baillie Gifford Overseas Ltd | 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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