Investment objective & strategy
As of Feb. 27, 2026 · prospectusObjective. Vanguard International High Dividend Yield Index Fund (the Fund) seeks to track the performance of a benchmark index that measures the investment return of non-U.S. companies that are characterized by high dividend yield.
Strategy. The Fund employs an indexing investment approach designed to track the performance of the FTSE All-World ex US High Dividend Yield Index (the Target Index), which focuses on companies (excluding real estate investment trusts (REITs)) located in developed and emerging markets, excluding the United States, that are forecasted to have above-average dividend yields. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the stocks that make up the Target Index. The Fund invests by sampling the Target Index, meaning that it holds a range of securities that, in the aggregate, approximates the full Target Index in terms of key risk factors and other characteristics. The Fund employs an indexing investment approach designed to track the performance of the FTSE All-World ex US High Dividend Yield Index (the Target Index), which focuses on companies (excluding real estate investment trusts (REITs)) located in developed and emerging markets, excluding the United States, that are forecasted to have above-average dividend yields. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the stocks that make up the Target Index. The Fund invests by sampling the Target Index, meaning that it holds a range of securities that, in the aggregate, approximates the full Target Index in terms of key risk factors and other characteristics.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| ROCHE HLDG-GENUS | — | $318.68M | 1.81% |
| HSBC HOLDINGS PL | — | $302.47M | 1.72% |
| NOVARTIS AG-REG | — | $284.42M | 1.62% |
| NESTLE SA-REG | — | $241.06M | 1.37% |
| TOYOTA MOTOR CORP | — | $240.40M | 1.37% |
| ROYAL BANK OF CANADA | — | $235.45M | 1.34% |
| SHELL PLC | — | $221.94M | 1.26% |
| MITSUBISHI UFJ F | — | $198.76M | 1.13% |
| BANCO SANTANDER SA | — | $189.10M | 1.07% |
| COMMONW BK AUSTR | — | $172.69M | 0.98% |
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. |
|---|---|---|
| VANGUARD FTSE ALL-WORLD EX-US INDEX FUND · VEU, VFWSX, VFWPX, VFWAX | 47% | 0.03% |
| VANGUARD DEVELOPED MARKETS INDEX FUND · VTMGX, VTMNX, VEA, VDIPX, VDVIX | 46% | 0.02% |
| iShares MSCI EAFE Value ETF · EFV | 46% | 0.31% |
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. As reported in the fund's prospectus performance bar chart.
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