uploads///Portfolio Breakdown of the VEURX

Sector Composition of the Vanguard European Stock Index Fund


Jul. 27 2016, Updated 3:34 p.m. ET

Vanguard European Stock Index Fund overview

The Vanguard European Stock Index Fund Investor Shares (VEURX) aims to “track the performance of a benchmark index that measures the investment return of stocks issued by companies located in the major markets of Europe.”

The present target index of the fund is the FTSE Developed Europe All Cap Index. Earlier, it tracked the FTSE Developed Europe Index.

The underlying index is weighted by market capitalization and invests in the stocks of 1,219 companies in 16 European nations.

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The fund’s assets were spread across a staggering 1,250 stocks as of June 2016, and it was managing assets worth $17.8 billion. As of June, its equity holdings included Siemens Aktiengesellschaft (SIEGY), Daimler (DDAIF), BASF (BASFY), Anheuser-Busch Inbev (BUD), and Deutsche Telekom (DTEGY). Its top ten holdings formed 18.2% of its portfolio.

Portfolio changes in the Vanguard European Stock Index Fund

Note that VEURX is an index-tracking fund. Hence, when we talk about its portfolio details, we’re essentially discussing the underlying index.

The underlying benchmark of the fund was changed just nine months ago. Due to this change, its holdings have also undergone a sea of change. While it was investing in a little over 500 securities nine months ago, the fund now invests in over 1,200 securities.

Financials, consumer staples, healthcare, and industrials are the core sectors to which VEURX provides exposure. These four sectors combine to form 62% of the fund’s portfolio. Consumer discretionary is the only other sector whose portfolio weight reads in the double digits.

Due to its being passively managed, VEURX doesn’t see frequent changes in its portfolio. A low portfolio turnover percentage and the graph above prove this.

Let’s see what contributed to VEURX’s year-to-date performance in the next article.


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