Diversified Emerging Mkts

Summary

The investment seeks to track the performance the FTSE Emerging Markets All Cap China A Inclusion Index.
Fund Assets (millions) $124,038.6
Portfolio Managers 3
Fund Inception May 4, 1994
Gross Expense Ratio 0.09%
Fund Family Vanguard
Prospectus (PDF)

Returns at NAV

Returns at MOP

Asset Mix

U.S. Stocks 0.42%
Non-U.S. Stocks 95.96%
U.S. Bonds 0.00%
Non-U.S. Bonds 0.00%
Convertible 0.00%
Preferred 0.01%
Other 0.02%
Cash 3.59%
As of 5/31/2025
Read important information about results and other investment disclosures
This chart tracks a hypothetical investment, with dividends reinvested, through June 30, 2025
VEMIX
MSCI ACWI Ex USA NR USD

Market Capitalization

$0.0 Mil
Average

Giant
48.6%
Large
30.5%
Medium
16.7%
Small
3.7%
Micro
0.5%

As of 5/31/2025

Morningstar Ownership ZoneTM

Diversified Emerging Mkts
Weighted average of holdings
75% of fund's stock holdings
As of 5/31/25
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Investment Strategy

The index measures the investment return of stocks issued by companies located in emerging market countries. The fund employs an indexing investment approach designed to track the performance of the FTSE Emerging Markets All Cap China A Inclusion Index. It invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the index in terms of key characteristics.

Fund Facts

Fund Inception May 4, 1994
Fund Assets (Millions) $124,038.6
Dividend Distribution Frequency Quarterly
Minimum Investment $5,000,000
Capital Gains Distribution Frequency Annually
Turnover 8%
Fiscal Year-End Oct
Prospectus Date Feb 28, 2025

Returns

Month-End Returns as of 6/30/25

Returns at NAV
| at MOP
Read important information about results and other investment disclosures
VEMIX
MSCI ACWI Ex USA NR USD
ANNUAL RETURNS CHART

Quarter-End Returns as of 6/30/25

Yield & Valuation

12-Month Distribution Rates (NAV)
--
30-Day SEC Yield (Gross | Net) -- | --
Price/Book 1.76
Price/Cash Flow 8.43
Price/Earnings 13.48
As of 6/30/2025

Portfolio Management

Read important investment disclosures
Years of Experience With Fund
Michael Perre 16 yrs
Jeffrey Miller 9 yrs
John Kraynak 0 yrs
As of 6/30/2025

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(711)
3-yr. Morningstar RatingTM
(711 funds rated)
5-yr. Morningstar RatingTM
(629 funds rated)
10-yr. Morningstar RatingTM
(453 funds rated)
Overall Morningstar Risk Below Average
HIGH
LOW
Morningstar Category
Diversified Emerging Mkts
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 6/30/2025.

Risk Measures

Fund
Standard Deviation
16.25
Sharpe Ratio
0.24
R-squared
76
Beta
0.94
Capture Ratio (Downside/Upside)
95/90
American Funds and Morningstar Benchmark for the 10 Years Years ending 6/30/25 R-squared, Beta and Capture Ratio calculated using the Morningstar EM TME NR USD.

Holdings

Equities Breakdown

Sectors
Equity Fund Holdings
 Financial Services 22.7%
Technology 19.9%
Consumer Cyclical 13.4%
Communication Services 9.0%
Industrials 8.2%
Basic Materials 7.0%
Consumer Defensive 4.9%
Energy 4.7%
Healthcare 4.4%
Utilities 3.3%
Real Estate 2.7%

Percentage of net assets as of 5/31/2025

Top 10 Holdings

Taiwan Semiconductor Manufacturing Co Ltd
8.2%
Tencent Holdings Ltd
4.1%
Alibaba Group Holding Ltd Ordinary Shares
2.6%
HDFC Bank Ltd
1.4%
Reliance Industries Ltd
1.2%
Xiaomi Corp Class B
1.2%
Meituan Class B
1.0%
ICICI Bank Ltd
0.9%
China Construction Bank Corp Class H
0.9%
PDD Holdings Inc ADR
0.7%

Percentage of net assets as of 5/31/2025

Geographic Breakdown

Regions | Top Countries
Greater Asia
78.8%
Americas
7.9%
Greater Europe
2.4%
Percentage of net assets as of 5/31/2025

Fees & Expenses

Fees

Annual Management Fees 0.06%
Service 12b-1 --
Maximum Sales Charge --
As of each fund's most recent prospectus.

Expense Ratio

Gross
VEMIX 0.09%
Morningstar Category: Diversified Emerging Mkts 1.93%
Fund as of most recent prospectus. Morningstar Category as of 6/30/25.