Vanguard FTSE All-World Ex US Index Fund

The Vanguard FTSE All-World Ex US Index Fund is a passively managed mutual fund designed to track the performance of the FTSE All-World ex US Index, an internationally recognized benchmark. Its primary function is to provide broad, diversified exposure to equity markets outside of the United States, encompassing both developed and emerging markets. The fund invests in a wide array of large- and mid-cap companies across multiple sectors and regions, minimizing single-country or sector concentration risks. Top holdings often include globally significant firms such as Taiwan Semiconductor Manufacturing, Tencent Holdings, SAP, Nestlé, and Toyota Motor Corporation, reflecting its wide industry reach. Notably, the fund does not hedge currency risk, so returns reflect both underlying equity movements and currency fluctuations between the U.S. dollar and foreign currencies. With a focus on long-term, low-cost international diversification, the Vanguard FTSE All-World Ex US Index Fund plays a key role for investors seeking comprehensive non-U.S. equity exposure within a global portfolio.