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Wednesday, August 19, 2026The Morning Brief →Sign in
VEUVanguardINDEX

Vanguard FTSE All-World ex-US Index Fund

$84.96+0.63% today
698652-WK

The fund employs an indexing investment approach designed to track the performance of the FTSE All-World ex US Index. The advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Price & daily flows
82.277.472.584.96DAILY NET FLOWAug 19Dec 16Apr 17Aug 19

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 3Y SHOWN · NET +$643M OVER THIS RANGE

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned +13.8% so far this year. At 0.080% a year it is not the cheapest way in — IEFA runs the same ground at 0.07%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$40.1Bassets under management
0.080%expense ratio · $8 per $10,000 a year
net flow, trailing month
2.6Mavg daily volume, 30 days
3848holdings · US-domiciled
2007listed March 1, 2007 · beta 1.09
The book at a glance
ASML-4.3%BP.+1.3%BA.-1.3%SHEL+0.5%DTE-0.5%BHP+0.8%PRU+0.1%RY-1.5%VODROP+1.1%AZN+2.0%SAP+1.2%SAN-2.4%TD-1.9%GSK+1.7%SHOP-1.4%CSLBBVA-0.2%TTE+0.9%BMO-1.5%CM-1.5%BNS-1.2%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1LTMLATAM AIRLINES GROUP SA0.02%$50.69-2.7%
2BBCAJPMORGAN BETABUILDERS CANADA ETF0.04%$106.22-0.9%
3AMPAMERIPRISE FINANCIAL0.01%$563.30+0.4%
4ASMLASML HOLDING NV1.51%$1802.78-4.3%
5BP.BP0.27%$43.44+1.3%
6BA.BOEING0.20%$223.02-1.3%
7SHELSHELL0.58%$92.02+0.5%
8DTEDTE ENERGY0.28%$140.41-0.5%
9BHPBHP GROUP0.52%$89.12+0.8%
10SIGSIGNET JEWELERS0.03%$85.02-1.2%
11PRUPRUDENTIAL FINANCIAL0.09%$124.67+0.1%
12RYROYAL BANK OF CANADA0.65%$212.99-1.5%
13VODVODAFONE GROUP PUBLIC LTD0.07%$16.15-0.3%
14ROPROPER TECHNOLOGIES0.71%$394.25+1.1%
15ALXALEXANDERS0.01%$267.01+0.8%

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Sector weights
Finance22.92%
Financial Services21.45%
Financials21.28%
Consumer Discretionary17.55%
Industrials14.33%
Information Technology14.26%
Technology13.43%
Consumer Cyclical10.48%
Electronic Technology10.04%
Healthcare10%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
Japan16.05%
United Kingdom8.97%
China7.49%
Switzerland6.32%
India6.25%
Canada5.92%
France5.75%
Taiwan5.45%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-0.7%
1 month+4.2%
3 months+4.3%
6 months+5.6%
YTD+13.8%
1 year
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
JulSepOct
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
16%realized volatility, 30 days (annualized)
17%realized volatility, 1 year
-11.6%deepest fall from a peak, 1 year
-1.0%where it sits vs. that peak today

The top holding is 1.5% of the book; the top ten carry 6%. Spread across 250+ names, it behaves like roughly 73 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
11calls today
17puts today
1.55put/call ratio
2.1Mshares traded
Most-traded holdings, options premiumBullishBearish
TSM TAIWAN SEMICONDUCTOR$62M$73M
ASML ASML HOLDING NV$49M$47M
BA. BOEING$15M$24M
CLS CELESTICA$11M$12M
CLS CELESTICA$11M$12M

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

The case against VEU

Due diligence cuts both ways. These funds sit on the same shelf and beat VEU on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IJH iShares Core S&P Mid-Cap ETF0.05%$128.4B+$547M-3bp on fee · 3× the assets · +$547M in over the monthHead-to-head
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M-4bp on fee · +$104M in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.4B+$520M-4bp on fee · +$520M in over the monthHead-to-head
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF0.04%$18.7B+$312M-4bp on fee · +$312M in over the monthHead-to-head
IEFA iShares Core MSCI EAFE ETF0.07%$195.3B+$631M-1bp on fee · 5× the assets · +$631M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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