VANGUARD DEVELOPED MARKETS INDEX FUND

VANGUARD TAX-MANAGED FUNDS · Series S000004386 · 5 share classes

Equity fund · 99% stocks
One fund, 5 share classes:VTMGXVTMNXVEAVDIPXVDVIX
$282.14B NAV
3,906 positions · as of 2026-03-31 · filed 2026-05-28
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2026 Q2

Vanguard Developed Markets Index Fund (the Fund) seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in Canada and the major markets of Europe and the Pacific region.

Strategy · summarised

The fund tracks the FTSE Developed All Cap ex US Index through full replication, holding all or substantially all of the index constituents in their market-weight proportions to match the performance of large-, mid-, and small-cap stocks in Canada, Europe, and the Pacific region.

Expenses
0.02% 0.16%across 5 share classes
Share classExpense ratio
VTMGX0.05%
VTMNX0.03%
VEA0.03%
VDIPX0.02%
VDVIX0.16%

Portfolio turnover 4.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

100.33%
of net assets
Stocks99.09%
Cash & short-term1.25%
Derivatives-0.01%

The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 121 new83 exited

Largest new: Roche Holding AG, Reckitt Benckiser Group PLC, SUNB, QIAGEN NV, Air Liquide SA, Abivax SA, Zijin Gold International Co Ltd, L'Oreal SA

Largest exited: Roche Holding AG, Reckitt Benckiser Group PLC, Ashtead Group PLC, Toyota Industries Corp, Hang Seng Bank Ltd, QIAGEN NV, New Gold Inc, Air Liquide SA

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

Share class1-year3-year5-yearVolWorst fall
Cumulative return· Apr 2023 – Feb 2026

Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Samsung Electronics Co LtdSSNLF1.89%$5.32B
ASML Holding NVASMLF1.77%$4.99B
Vanguard Cmt Funds-Vanguard Market Liquidity Fund1.25%$3.53B
SK hynix Inc1.05%$2.97B
Novartis AGNVSEF1.01%$2.85B
AstraZeneca PLC1.00%$2.84B
HSBC Holdings PLC0.97%$2.73B
Roche Holding AG0.96%$2.72B
Shell PLC0.90%$2.55B
Nestle SANSRGF0.87%$2.44B
Showing 10 of 3,906Sign in to see more

Top 10 positions are 11.67% of net assets, top 25 20.56%, across 3.8K issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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