VFEA's largest holdings are Taiwan Semiconductor Manufacturing Co., Ltd., Tencent Holdings Limited, Alibaba Group Holding Limited, MediaTek Inc., DELTA ELECTRONICS, INC.. The full top list is on this page.

How concentrated is VFEA?

The top 10 holdings are 29.6% of the fund, across 2,360 positions.

The total expense ratio on record is 0.17%. That is cheaper than 76% of the 2,759 European UCITS equity funds we track.

Which sectors dominate VFEA?

By weight of its equity holdings: Technology 32.1%, Financial Services 21.1%, Consumer Cyclical 9.5%.

What is VFEA's P/E ratio?

Computed from company annual reports and filed position values, VFEA's weighted price-to-earnings ratio is 18.5, covering 74% of the fund by weight. The weighted price-to-book ratio is 1.28.

UCITS · Ireland · Accumulating

VFEA IE00BK5BR733

Equity securities of companies in emerging markets

Vanguard FTSE Emerging Markets UCITS ETF USD

VFEG · Vanguard

2,360 holdings as of 2026-08-31 · top 10 = 29.6% · TER 0.17% · P/E 18.5

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Concentration

Moderately concentratedtop 10 = 29.6%

diversifiedconcentrated

GROWTH · NAV (USD)rebased to 0%

Holdings

2,360

as of 2026-08-31

Top 10

29.6%

TER

0.17%

cheaper than 76% of peers

Net assets

US$5.99B

reported in USD

Largest

16.8%

P / E

18.5

covers 74% by weight

Sections

Holdings as of 2026-08-31.

01Overview

the fund's regulatory facts

Distribution

Accumulating

Fund currency

USD

Domicile

Ireland

Structure

Open-ended

First listed

2019-09-24

Volatility 1Y

17.5%

Tracked index

FTSE Emerging Index USD Net of Tax

How it tracks

Physical, full

Risk rating

4 of 7

Lends its stock

Yes

02Valuation and performance

market price return · as of 2026-10-16

-1.9%

+1.6%

-1.1%

YTD

+8.6%

+8.8%

Trackingfund minus FTSE Emerging Index USD Net of Tax · annualised

1Y return gap

+0.12 pp/yr

3Y return gap

-0.27 pp/yr

5Y return gap

-0.27 pp/yr

3Y tracking error

0.60%

A positive return gap means the fund finished ahead of the index over that window. The 3Y tracking error shows how variable that monthly gap was; lower means steadier tracking. MethodologyReturn gap and tracking errorReturn gap is the fund's return minus its index over the same months, converted to a yearly rate. Tracking error is the annualised standard deviation of those monthly fund-minus-index returns. Both lines come from the manager's own chart, in the same currency and the exact index variant the fund tracks. We use month-end values so different intraday valuation times are not mistaken for tracking error.. Not investment advice.

Valuation1,533 companies covered · weighted, profitable holdings only

18.5

price / earnings

5.0%

covers 76% by weight

1.28

price / book

covers 70% by weight

Computed from company filings and reported position values. MethodologyPortfolio valuationComputed by us from each company's own financial statements and the position values funds report, currency-adjusted and weighted harmonically. P/E covers profitable holdings only. Book value uses the most recent reported quarter.. Not investment advice.

03Holdings

50 largest · as of 2026-08-31

#	Company	Identifier	Weight
1	Taiwan Semiconductor Manufacturing Co., Ltd. TW	2330	16.8
2	Tencent Holdings Limited KY	700	3.3
3	Alibaba Group Holding Limited KY	9988	2.5
4	MediaTek Inc. TW	2454	1.7
5	DELTA ELECTRONICS, INC. TW	2308	1.0
6	CHINA CONSTRUCTION BANK CORPORATION CN	939	1.0
7	HON HAI PRECISION INDUSTRY CO., LTD. TW	2317	0.9
8	RELIANCE INDUSTRIES LIMITED IN	RELIANCE	0.8
9	HDFC BANK LIMITED IN	HDFCB	0.8
10	INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED CN	1398	0.8
11	ICICI BANK LIMITED IN	ICICIBC	0.7
12	PDD Holdings Inc. KY	PDD	0.6
13	ASE Technology Holding Co., Ltd. TW	3711	0.6
14	XIAOMI CORPORATION KY	1810 HK	0.6
15	BHARTI AIRTEL LIMITED IN	BHARTI	0.5
16	INR/USD FWD 20260916	INR	0.5
17	Anglogold Ashanti Plc GB	AU	0.5
18	US Dollar US	USD	0.5
19	MEITUAN KY	3690	0.5
20	BANK OF CHINA LIMITED CN	3988	0.5
21	Ping An Insurance (Group) Company of China, Ltd. CN	2318	0.5
22	AL RAJHI BANKING AND INVESTMENT CORPORATION SJSC SA	RJHI	0.5
23	VALE S.A. BR	VALE3	0.5
24	ELITE MATERIAL CO., LTD. TW	2383	0.5
25	UNITED MICROELECTRONICS CORP. TW	2303	0.4
26	BYD COMPANY LIMITED CN	1211	0.4
27	Itau Unibanco Holding S.A. BR	ITUB4	0.4
28	NETEASE, INC. KY	9999 HK	0.4
29	UNIMICRON TECHNOLOGY CORP. TW	3037	0.4
30	Saudi Arabian Oil Company SA	2222	0.4
31	Gold Fields Limited ZA	GFI SJ	0.4
32	INFOSYS LIMITED IN	INFO	0.4
33	Grupo Mexico SAB de CV MX	GMEXICOB MF	0.4
34	Naspers Ltd ZA	NPN SJ	0.3
35	Fubon Financial Holding Co., Ltd. TW	2881	0.3
36	NAN YA PLASTICS CORPORATION TW	1303	0.3
37	CTBC Financial Holding Co., Ltd. TW	2891	0.3
38	Petroleo Brasileiro SA US	PBR	0.3
39	Zijin Mining Group Company Limited CN	2899 HK	0.3
40	JD.COM, INC. KY	9618 HK	0.3
41	Asia Vital Components Co., Ltd. TW	3017	0.3
42	The Saudi National Bank SJSC SA	SNB	0.3
43	China Merchants Bank Co., Ltd. CN	3968	0.3
44	Cathay Financial Holding Co., Ltd. TW	2882	0.3
45	Contemporary Amperex Technology Co Ltd CN	300750	0.3
46	OTP Bank Nyrt. HU	OTP	0.3
47	Grupo Financiero Banorte, S.A.B. de C.V. MX	GFNORTEO	0.3
48	MAHINDRA AND MAHINDRA LIMITED IN	M&M	0.3
49	Accton Technology Corp. TW	2345	0.3
50	AGRICULTURAL BANK OF CHINA LIMITED CN	1288	0.3

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04Exposure

Equity 96.9%Other 2.9%

By sector

Technology32.1%

Financial Services21.1%

Consumer Cyclical9.5%

Materials7.6%

Communication Services6.6%

Industrials6.2%

Energy4.0%

Consumer Defensive3.4%

Healthcare3.4%

Utilities2.7%

Real Estate1.5%

By country

TWTaiwan32.1%

INIndia15.7%

CNChina13.5%

KYCayman Islands12.3%

ZASouth Africa3.3%

BRBrazil3.2%

SASA3.2%

MXMexico2.2%

CurrencyTWD 32.1% INR 15.7% USD 14.3% CNY 13.5% ZAR 3.3%

Issuer's scenario analysisaverage return per year over 5 years

Stress

-17.6%

Unfavourable

-2.1%

Moderate

+4.5%

Favourable

+14.5%

06Where it trades

11 exchanges

Exchange	MIC	Listed since
Börse Frankfurt	FRAA	2019-09-26
London Stock Exchange	XLON	2019-09-26
Xetra	XETA	2019-09-26
Börse Düsseldorf	DUSD	2019-10-17
Borsa Italiana	ETFP	2020-01-14
Börse Stuttgart	STUB	2020-01-20
Börse Hamburg	HAMN	2020-02-19
Börse München	MUNB	2020-02-20
Tradegate	XGAT	2020-02-28
Börse Hannover	HAND	2024-12-09
SIX Swiss Exchange	XSWX	–

Also admitted to 29 other venues, mostly multilateral trading facilities and regional segments.

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