Foreign Large Blend

Summary

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in developed and emerging markets, excluding the United States.
Fund Assets (millions) $636,672.4
Portfolio Managers 3
Fund Inception Apr 29, 1996
Gross Expense Ratio 0.17%
Fund Family Vanguard
Prospectus (PDF)

Returns at NAV

Returns at MOP

Asset Mix

Short % 0% Long %
U.S. Stocks 0.0
0.9
Non-U.S. Stocks 0.0
96.7
U.S. Bonds 0.0
0.0
Non-U.S. Bonds 0.0
0.0
Convertible 0.0
0.0
Preferred 0.0
0.0
Other 0.0
0.2
Cash 0.0
2.3
As of 2/28/2026
Read important information about results and other investment disclosures
This chart tracks a hypothetical investment, with dividends reinvested, through February 28, 2026
VGTSX
MSCI ACWI Ex USA NR USD

Market Capitalization

$0.0 Mil
Average

Giant
48.4%
Large
30.7%
Medium
16.8%
Small
3.8%
Micro
0.4%

As of 2/28/2026

Morningstar Ownership ZoneTM

Foreign Large Blend
Weighted average of holdings
75% of fund's stock holdings
As of 2/28/26
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Investment Strategy

The manager employs an indexing investment approach designed to track the performance of the FTSE Global All Cap ex US Index, a float-adjusted market-capitalization-weighted index designed to measure equity market performance of companies located in developed and emerging markets, excluding the United States. The fund invests all, or substantially all, of its assets in the common stocks included in its target index.

Fund Facts

Fund Inception Apr 29, 1996
Fund Assets (Millions) $636,672.4
Dividend Distribution Frequency Quarterly
Minimum Investment $0
Capital Gains Distribution Frequency Annually
Turnover 4%
Fiscal Year-End Oct
Prospectus Date Feb 27, 2026

Returns

Month-End Returns as of 2/28/26

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

Quarter-End Returns as of 12/31/25

Yield & Valuation

12-Month Distribution Rates (NAV)
--
30-Day SEC Yield (Gross | Net) -- | --
Price/Book 2.05
Price/Cash Flow 10.13
Price/Earnings 15.54
As of 2/28/2026

Portfolio Management

Read important investment disclosures
Years of Experience With Fund
Michael Perre 17 yrs
Christine Franquin 8 yrs
Jeffrey Miller 1 yrs
As of 2/28/2026

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(654)
3-yr. Morningstar RatingTM
(654 funds rated)
5-yr. Morningstar RatingTM
(617 funds rated)
10-yr. Morningstar RatingTM
(484 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Morningstar Category
Foreign Large Blend
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 2/28/2026.

Risk Measures

Fund
Standard Deviation
14.78
Sharpe Ratio
0.60
R-squared
99
Beta
1.02
Capture Ratio (Downside/Upside)
102/101
American Funds and Morningstar Benchmark for the 10 Years Years ending 2/28/26 R-squared, Beta and Capture Ratio calculated using the MSCI ACWI Ex USA NR USD.

Holdings

Equities Breakdown

Sectors
Equity Fund Holdings
 Financial Services 22.3%
Industrials 16.3%
Technology 16.2%
Consumer Cyclical 9.1%
Basic Materials 8.2%
Healthcare 7.5%
Consumer Defensive 5.4%
Energy 4.6%
Communication Services 4.5%
Utilities 3.1%
Real Estate 2.8%

Percentage of net assets as of 2/28/2026

Top 10 Holdings

Taiwan Semiconductor Manufacturing Co Ltd
3.4%
Samsung Electronics Co Ltd
1.6%
ASML Holding NV
1.3%
Tencent Holdings Ltd
0.9%
SK Hynix Inc
0.9%
Roche Holding AG
0.8%
Alibaba Group Holding Ltd Ordinary Shares
0.7%
Novartis AG Registered Shares
0.7%
HSBC Holdings PLC
0.7%
AstraZeneca PLC
0.7%

Percentage of net assets as of 2/28/2026

Geographic Breakdown

Regions | Top Countries
Greater Asia
48.5%
Greater Europe
37.2%
Americas
10.8%
Percentage of net assets as of 2/28/2026

Fees & Expenses

Fees

Annual Management Fees 0.16%
Service 12b-1 --
Maximum Sales Charge --
As of each fund's most recent prospectus.

Expense Ratio

Gross
VGTSX 0.17%
Morningstar Category: Foreign Large Blend 1.06%
Fund as of most recent prospectus. Morningstar Category as of 2/28/26.