INTERNATIONAL PORTFOLIO
VANGUARD VARIABLE INSURANCE FUNDS
Fund classification
Classified from what the fund holds · as of 2026 Q2
INTERNATIONAL PORTFOLIO is an actively managed developed international equity fund.
- Asset class
- Equity
- Region
- Developed international
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q2
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.
| Share class | Expense ratio |
|---|---|
| C000012159 | 0.32% |
Portfolio turnover 20.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 96.80% |
| Cash & short-term | 2.20% |
| Derivatives | 0.00% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: Wise Group PLC, RY, DBS Group Holdings Ltd, Unicharm Corp, TotalEnergies SE, Mitsubishi Electric Corp, Innovent Biologics Inc, Industria de Diseno Textil SA
Largest exited: Wise PLC, VAT Group AG, Ganfeng Lithium Group Co Ltd, Bunzl PLC, Delivery Hero SE, Whitbread PLC, MSFT, Ocado Group PLC
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are 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
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | Taiwan Semiconductor Manufacturing Co Ltd | 7.78% | $78.89 | $265.78M | 3.4M |
| ASMLF | ASML Holding NVASMLF | 4.12% | $1,980.18 | $140.73M | 71.1K |
| MELI | MercadoLibre IncMELI | 2.79% | $1,697.39 | $95.48M | 56.3K |
| SPOT | Spotify Technology SASPOT | 2.44% | $459.13 | $83.53M | 181.9K |
| — | Sea Ltd | 2.29% | $95.83 | $78.37M | 817.8K |
| — | SK hynix Inc | 2.24% | $1,764.58 | $76.59M | 43.4K |
| — | Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 2.20% | — | $75.17M | — |
| — | Keyence Corp | 2.16% | $505.49 | $73.80M | 146.0K |
| — | Atlas Copco AB | 1.94% | $20.27 | $66.19M | 3.3M |
| TCTZF | Tencent Holdings LtdTCTZF | 1.86% | $55.18 | $63.77M | 1.2M |
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.
Top 10 positions are 29.82% of net assets, top 25 51.35%, across 122 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.
Sign in free