Vanguard International Growth Fund overview
The Vanguard International Growth Fund (TVGAX) aims to invest most of its assets in the stocks of companies located outside the United States. It invests in both developed and emerging markets.
Vanguard engages multiple investment advisors in order to manage the fund’s portfolio. The fund’s literature describes its approach as “aggressive.” It focuses on growth companies with an aim to capitalize on global economic expansion.
The fund’s assets were spread across 133 stocks in July 2016, and it was managing assets worth $22.1 billion. In June 2016, its equity holdings included SoftBank Group (SFTBY), Illumina (ILMN), Tesla Motors (TSLA), Fiat Chrysler Automobiles (FCAU), and Sumitomo Mitsui Financial Group (SMFG).
Portfolio changes in the Vanguard International Growth Fund
The consumer discretionary sector is the sector in which VWIGX invests the most. A close second is the information technology sector. Financials round off the fund’s top three most invested sectors. These sectors form a combined 60% of its portfolio. The fund isn’t invested in the utilities sector.
We’ve looked at the fund’s quarterly portfolios for the past three years until June 2016. Its exposure to the consumer discretionary sector has risen, while its exposure to the consumer staples sector has fallen slightly. The financials and industrials sectors aren’t in as much demand as they were earlier, while the healthcare and technology sectors form much more of the portfolio than they did three years ago. Utilities last formed part of VWIGX’s portfolio in 1Q15.
How has VWIGX fared year-to-date, and why? Let’s take a look in the next article.