VANGUARD EMERGING MARKETS STOCK INDEX FUND
Emerging-markets stock index ETF · tracks FTSE Emerging Markets All Cap China A Inclusion Index
As of its 2026 Q2 report, VANGUARD EMERGING MARKETS STOCK INDEX FUND held 5,038 positions with $159.90B in net assets. Its ten largest holdings made up 30.2% of the fund. The VWO share class costs 0.06% a year. Over the 12 months to May 2026, VWO returned 30.6%, with dividends reinvested. In 2026 Q3 it added 57 new positions and exited 71.
Vanguard Emerging Markets Stock 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 emerging market countries.
The fund tracks the FTSE Emerging Markets All Cap China A Inclusion Index using a sampling approach, holding a range of securities that approximate the full index in terms of key risk factors and characteristics. Because the fund samples rather than holds all index constituents, its returns may diverge from the index. The fund may become concentrated in particular issuers or industries if the index itself becomes concentrated due to market conditions or issuer performance.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Taiwan Semiconductor Manufacturing Co Ltd | 14.61% | $23.36B | 336.5M | $69.42 |
Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 4.28% | $6.84B | — | — |
TCTZFTencent Holdings Ltd | 3.26% | $5.21B | 85.7M | $60.73 |
Alibaba Group Holding Ltd | 2.55% | $4.08B | 247.7M | $16.48 |
Delta Electronics Inc | 1.17% | $1.87B | 26.7M | $70.13 |
MediaTek Inc | 1.06% | $1.69B | 20.3M | $83.48 |
Reliance Industries Ltd | 0.90% | $1.43B | 94.4M | $15.17 |
China Construction Bank Corp | 0.85% | $1.37B | 1.2B | $1.13 |
HDFC Bank Ltd | 0.80% | $1.28B | 157.0M | $8.18 |
Hon Hai Precision Industry Co Ltd | 0.74% | $1.19B | 168.4M | $7.07 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
The 200 largest of 5,038 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 | 99.21% |
| Cash & short-term | 4.28% |
| Derivatives | 0.03% |
Derivatives are shown at market value, not notional exposure.
How it has done
VWO share class · total returns with dividends reinvested
Volatility over the last 12 months: 14.47%. Past returns are a record, not a forecast.
Jun 2026 and Jul 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.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.29% | +30.34% | +66.66% | +28.59% | -10.82% | |
| 0.06% | +30.63% | +67.61% | +29.86% | -10.76% | |
| 0.06% | +30.65% | +67.74% | +30.02% | -10.77% | |
| 0.13% | +30.58% | +67.42% | +29.56% | -10.77% | |
| 0.05% | +30.64% | +67.71% | +29.97% | -10.77% |
These classes hold the same portfolio, so the 1.43pp spread over 5 years is the cost difference between them — roughly 0.29pp a year — not a difference in what they own.
Fees & fund details
VANGUARD EMERGING MARKETS STOCK INDEX FUND is an emerging-markets equity index ETF that tracks the FTSE Emerging Markets All Cap China A Inclusion Index.
- Asset class
- Equity
- Region
- Emerging markets
- Management
- Index (passive)
- Fund type
- ETF
- Expense ratio, by class
- 0.05% – 0.29%· VWO 0.06%
- Portfolio turnover
- 6.00% a year · as of 2026 Q1
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.
57 new· the largest 8
71 exited· the largest 6
Understand how this fund fits with the rest.
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