VEU's largest holdings are Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd., ASML Holding N.V., SK hynix Inc, Tencent Holdings Limited. The full top list is on this page.

How concentrated is VEU?

The top 10 holdings are 13.7% of the fund, across 3918 positions.

The total expense ratio on record is 0.04%. That is cheaper than 98% of the 2561 US-listed equity funds we track.

Which sectors dominate VEU?

By weight of its equity holdings: Financial Services 23.0%, Technology 17.6%, Industrials 15.2%.

How similar is VEU to the world portfolio (VT)?

34.9% of VEU overlaps with the world portfolio (VT) by weight, across 3642 shared companies.

What is VEU's P/E ratio?

Computed from company annual reports and filed position values, VEU's weighted price-to-earnings ratio is 18.4, covering 79.0% of the fund by weight. The weighted price-to-book ratio is 1.61.

US-listed

VEU

seeks to track the performance of a benchmark index that measures the investment return of stocks of companies located in developed and emerging markets outside of the United States.

VANGUARD FTSE ALL-WORLD EX-US INDEX FUND

Vanguard

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Concentration

Well diversifiedtop 10 = 13.7%

diversifiedconcentrated

GROWTH · NAV (USD)rebased to 0%

Holdings

3918

as of 2026-04-30

Top 10

13.7%

TER

0.04%

cheaper than 98% of peers

Net assets

US$90.7B

Largest

4.3%

P / E

18.4

covers 79.0% by weight

Sections

Holdings as of 2026-04-30.

01Overview

the fund's regulatory facts

Fund currency

USD

Volatility 1Y

16.8%

How it tracks

Index, full replication

02Valuation and performance

price · as of 2026-07-23

-1.0%

+3.3%

+6.8%

YTD

+11.9%

+21.7%

Valuation2539 companies covered · weighted, profitable holdings only

18.4

price / earnings

covers 79.0% by weight

5.4%

earnings yield

1.61

price / book

covers 72.0% by weight

Computed from company filings and reported position values. How this is computed. Not investment advice.

03Holdings

50 largest · as of 2026-04-30

#	Company	Identifier	Weight
1	Taiwan Semiconductor Manufacturing Co., Ltd. TW	2330	4.3
2	Samsung Electronics Co., Ltd. KR	005930 KS	2.0
3	ASML Holding N.V. NL	ASML	1.4
4	SK hynix Inc KR	000660	1.2
5	Tencent Holdings Limited KY	700	1.0
6	HSBC Holdings PLC GB	HSBA	0.8
7	Roche Holding AG CH	ROP SW	0.8
8	Alibaba Group Holding Limited KY	9988	0.7
9	AstraZeneca PLC GB	AZN	0.7
10	Novartis AG CH	NOVN	0.7
11	Nestle SA CH	NESN	0.7
12	Shell PLC GB	SHEL	0.7
13	Royal Bank of Canada CA	RY	0.6
14	Siemens AG DE	SIE	0.6
15	Commonwealth Bank of Australia AU	CBA	0.5
16	Toyota Motor Corp. JP	7203	0.5
17	Mitsubishi UFJ Financial Group Inc. JP	8306	0.5
18	BHP Group Ltd. AU	BHP	0.5
19	Toronto-Dominion Bank/The CA	TD	0.5
20	Banco Santander SA ES	SAN	0.5
21	Allianz SE DE	ALV	0.4
22	SAP SE DE	SAP	0.4
23	Schneider Electric SE FR	SU	0.4
24	TotalEnergies SE FR	TTE	0.4
25	Vanguard Cmt Funds-Vanguard Market Liquidity Fund US	–	0.4
26	Siemens Energy AG DE	ENR	0.4
27	ABB Ltd CH	ABBN	0.4
28	Iberdrola SA ES	IBE	0.4
29	SHOPIFY SUBORDINATE VOTING INC CLA CA	SHOP	0.4
30	UBS Group AG CH	UBS	0.4
31	Hitachi Ltd JP	6501	0.3
32	Rolls-Royce Holdings PLC GB	RR/	0.3
33	LVMH Moet Hennessy Louis Vuitton SE FR	MC	0.3
34	Novo Nordisk A/S DK	NOVOB	0.3
35	Advantest Corp JP	6857	0.3
36	DELTA ELECTRONICS, INC. TW	2308	0.3
37	SoftBank Group Corp JP	9984	0.3
38	Tokyo Electron Ltd JP	8035	0.3
39	Sumitomo Mitsui Financial Group Inc. JP	8316	0.3
40	Banco Bilbao Vizcaya Argentaria SA ES	BBVA	0.3
41	Unilever PLC GB	ULVR	0.3
42	BP PLC GB	BP/	0.3
43	British American Tobacco PLC GB	BATS	0.3
44	Air Liquide SA FR	FR0000053951	0.3
45	MediaTek Inc. TW	2454	0.3
46	Airbus SE FR	AIR	0.3
47	Sony Group Corp. JP	6758	0.3
48	UniCredit SpA IT	UCG	0.3
49	AIA Group Ltd HK	1299	0.3
50	Safran SA FR	SAF	0.3

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04Exposure

Equity 98.4%Cash 1.5%

By sector

Financial Services23.0%

Technology17.6%

Industrials15.2%

Consumer Cyclical8.4%

Materials7.0%

Healthcare6.9%

Consumer Defensive5.4%

Energy5.0%

Communication Services4.2%

Utilities3.4%

Real Estate1.9%

By country

JPJapan14.9%

GBUnited Kingdom8.2%

CACanada7.7%

TWTaiwan7.7%

KRSouth Korea5.9%

CHSwitzerland5.5%

FRFrance5.3%

DEGermany4.9%

CurrencyEUR 19.4% JPY 14.9% GBP 8.2% CAD 7.7% TWD 7.7%

05Similar funds

funds with comparable exposure

the world portfolio (VT)

3642 shared companies

34.9%compare →

Ranked by how much of their holdings you already own through this fund. Overlap by weight where shown.

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