Investment objective & strategy
As of Feb. 27, 2026 · prospectusObjective. Vanguard International Value Fund (the Fund) seeks to provide long-term capital appreciation.
Strategy. The Fund employs an active management approach, investing mainly in common stocks of companies located outside the United States that are considered by one of the Funds advisors to be undervalued. Such stocks, called value stocks, often are out of favor in periods when investors are drawn to companies with strong prospects for growth. The prices of value stocks, therefore, may be below average in relation to measures such as earnings and book value. The Fund invests in large-, mid-, and small-capitalization companies and is expected to diversify its assets in countries across developed and emerging markets. The Fund has multiple advisors, each of which independently selects and maintains a portfolio of equity securities of foreign companies for the Fund. The Fund employs an active management approach, investing mainly in common stocks of companies located outside the United States that are considered by one of the Funds advisors to be undervalued. Such stocks, called value stocks, often are out of favor in periods when investors are drawn to companies with strong prospects for growth. The prices of value stocks, therefore, may be below average in relation to measures such as earnings and book value. The Fund invests in large-, mid-, and small-capitalization companies and is expected to diversify its assets in countries across developed and emerging markets. The Fund has multiple advisors, each of which independently selects and maintains a portfolio of equity securities of foreign companies for the Fund.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Vanguard Market Liquidity Fund | — | $273.98M | 2.37% |
| SAMSUNG ELECTRON | — | $236.67M | 2.05% |
| KERING | — | $226.66M | 1.96% |
| NIDEC CORP | — | $200.21M | 1.73% |
| STMICROELECTRONI | — | $190.73M | 1.65% |
| SAMSUNG ELECTR-G | — | $180.96M | 1.56% |
| JULIUS BAER GROU | — | $166.55M | 1.44% |
| GSK PLC | — | $163.64M | 1.41% |
| NOVO NORDISK-B | — | $160.79M | 1.39% |
| TOTALENERGIES SE | — | $157.60M | 1.36% |
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. |
|---|---|---|
| ARGA International Value Fund · ARVVX, ARVIX | 26% | 0.75% |
| VANGUARD FTSE ALL-WORLD EX-US INDEX FUND · VEU, VFWSX, VFWPX, VFWAX | 19% | 0.03% |
| VANGUARD EUROPEAN STOCK INDEX FUND · VEURX, VEUSX, VESIX, VGK, VEUPX | 18% | 0.05% |
Advisers
| Firm | Role |
|---|---|
| ARGA Investment Management, LP | Adviser |
| Altrinsic Global Advisors, LLC | Adviser |
| Sprucegrove Investment Management 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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