VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND

VANGUARD INTERNATIONAL EQUITY INDEX FUNDS · 3 share classes

Developed international equity index ETF
One fund, 3 share classes:VFSNXVSSVFSAX
$13.88B NAV
4,832 positions · as of 2026-04-30 · filed 2026-06-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND is a developed international equity index ETF that tracks the FTSE Global Small Cap ex US Index.

Asset class
Equity
Region
Developed international
Management
Index (passive)
Fund type
ETF

Fund profile

As filed in the prospectus · 2026 Q1

Vanguard FTSE All-World ex-US Small-Cap Index Fund (the Fund) seeks to track the performance of a benchmark index that measures the investment return of stocks of international small-cap companies.

Strategy · summarised

The fund tracks the FTSE Global Small Cap ex US Index using a sampling approach, holding a range of international small-cap stocks 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 those of the Target Index.

Expenses
0.06% 0.16%across 3 share classes
Share classExpense ratio
VFSNX0.08%
VSS0.06%
VFSAX0.16%

Portfolio turnover 27.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

105.80%
of net assets
Stocks99.02%
Cash & short-term6.72%
Derivatives0.06%

These positions come to 105.80% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 279 new312 exited

Largest new: Arkema SA, WPP PLC, Almonty Industries Inc, Adecco Group AG, Teleperformance SE, The UNITE Group PLC, Hikma Pharmaceuticals PLC, Koninklijke Vopak NV

Largest exited: Phison Electronics Corp, Equinox Gold Corp, IAMGOLD Corp, Toromont Industries Ltd, First Majestic Silver Corp, MPI Corp, Sandfire Resources Ltd, China Gold International Resources Corp Ltd

Return profile

Chart:

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

Share class1-year3-year5-yearVolWorst fall
+35.77%+57.87%+37.19%16.48%-12.14%
+35.81%+58.03%+37.46%16.47%-12.13%
+35.70%+57.63%+36.82%16.47%-12.16%

These classes hold the same portfolio, so the 0.64pp spread over 5 years is the cost difference between them — roughly 0.13pp a year — not a difference in what they own.

Cumulative return· May 2023 – Apr 2026

Holdings

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

Issuer%NAVValue
Vanguard Cmt Funds-Vanguard Market Liquidity Fund6.72%$932.68M
Aritzia IncATZAF0.27%$37.40M
Accelleron Industries AG0.27%$37.37M
Finning International IncFINGF0.26%$35.57M
Gaztransport Et Technigaz SA0.24%$33.10M
Macronix International Co Ltd0.24%$32.86M
Hudbay Minerals IncHBM0.23%$32.59M
Games Workshop Group PLC0.23%$32.31M
WinWay Technology Co Ltd0.23%$31.43M
Taiwan Union Technology Corp0.22%$30.52M
Showing 10 of 4,832Sign in to see more

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.

Top 10 positions are 8.91% of net assets, top 25 11.88%, across 4.8K 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.

Sign in free