Investment objective & strategy
As of Feb. 27, 2026 · prospectusObjective. Vanguard Global Minimum Volatility Fund (the Fund) seeks to provide long-term capital appreciation with lower volatility relative to the global equity market.
Strategy. The Fund employs an active management approach, investing primarily in U.S. and foreign stocks that are expected to generate lower volatility relative to the global equity market. The Funds portfolio includes a diverse mix of companies located in many different countries and representing many different market sectors and industry groups. The advisor uses quantitative models that evaluate all of the securities in the Funds performance benchmark, the FTSE Global All Cap Index (USD Hedged), to construct a global equity portfolio that seeks to achieve the lowest amount of expected volatility subject to a set of reasonable constraints designed to foster portfolio diversification and liquidity. To reduce overall portfolio volatility, the Fund generally seeks to hedge most of its currency exposure … The Fund employs an active management approach, investing primarily in U.S. and foreign stocks that are expected to generate lower volatility relative to the global equity market. The Funds portfolio includes a diverse mix of companies located in many different countries and representing many different market sectors and industry groups. The advisor uses quantitative models that evaluate all of the securities in the Funds performance benchmark, the FTSE Global All Cap Index (USD Hedged), to construct a global equity portfolio that seeks to achieve the lowest amount of expected volatility subject to a set of reasonable constraints designed to foster portfolio diversification and liquidity. To reduce overall portfolio volatility, the Fund generally seeks to hedge most of its currency exposure back to the U.S. dollar. The Fund hedges its foreign currency exposure primarily through the use of foreign currency exchange forward contracts, which are a type of derivative.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Vanguard Market Liquidity Fund | — | $42.43M | 2.13% |
| LOCKHEED MARTIN CORP | — | $33.69M | 1.69% |
| SWISSCOM AG-REG | — | $32.90M | 1.65% |
| NORTHROP GRUMMAN CORP | — | $32.46M | 1.63% |
| COCA-COLA CO/THE | — | $32.32M | 1.62% |
| JOHNSON&JOHNSON | — | $32.06M | 1.61% |
| CENCORA INC | — | $31.68M | 1.59% |
| SHELL PLC | — | $31.66M | 1.59% |
| TAIWAN SEMIC-ADR | — | $31.15M | 1.56% |
| ORANGE | — | $30.84M | 1.55% |
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 MSCI USA Min Vol Factor ETF · USMV | 34% | 0.15% |
| VANGUARD U.S. MINIMUM VOLATILITY ETF · VFMV | 32% | 0.13% |
| THRIVENT CORE LOW VOLATILITY EQUITY FUND | 32% | 0.05% |
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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