INTERNATIONAL PORTFOLIO
Actively managed developed international stock fund
As of its 2026 Q2 report, INTERNATIONAL PORTFOLIO held 127 positions with $3.42B in net assets. Its ten largest holdings made up 29.8% of the fund. The fund costs 0.32% a year. Over the 12 months to May 2026, it returned 13.0%, with dividends reinvested. In 2026 Q2 it added 15 new positions and exited 16.
Vanguard Variable Insurance Funds International Portfolio (the Fund) seeks to provide long-term capital appreciation.
The fund pursues active management, with multiple independent advisors selecting stocks across developed and emerging markets outside the United States, focusing on large-, mid-, and small-capitalization companies with above-average growth potential. Because each advisor independently constructs its own portfolio within the fund, performance will depend on the success of those individual stock selections.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Taiwan Semiconductor Manufacturing Co Ltd | 7.78% | $265.78M | 3.4M | $78.89 |
ASMLFASML Holding NV | 4.12% | $140.73M | 71.1K | $1,980.18 |
MELIMercadoLibre Inc | 2.79% | $95.48M | 56.3K | $1,697.39 |
SPOTSpotify Technology SA | 2.44% | $83.53M | 181.9K | $459.13 |
Sea Ltd | 2.29% | $78.37M | 817.8K | $95.83 |
SK hynix Inc | 2.24% | $76.59M | 43.4K | $1,764.58 |
Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 2.20% | $75.17M | — | — |
Keyence Corp | 2.16% | $73.80M | 146.0K | $505.49 |
Atlas Copco AB | 1.94% | $66.19M | 3.3M | $20.27 |
TCTZFTencent Holdings Ltd | 1.86% | $63.77M | 1.2M | $55.18 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 127 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 96.80% |
| Cash & short-term | 2.20% |
| Derivatives | 0.00% |
Derivatives are shown at market value, not notional exposure.
How it has done
C000012159 share class · total returns with dividends reinvested
Volatility over the last 12 months: 14.72%. Past returns are a record, not a forecast.
Jun 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.
Fees & fund details
INTERNATIONAL PORTFOLIO is an actively managed developed international equity fund.
- Asset class
- Equity
- Region
- Developed international
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.32%
- Portfolio turnover
- 20.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
15 new· the largest 8
16 exited· the largest 8
Understand how this fund fits with the rest.
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