Vanguard All-World ex-US Shares Index ETF (ASX:VEU): Developed and Emerging Markets Outside the United States

Sonal Goyal

13 October 2026 06:15 PM AEDT

Vanguard All-World ex-US Shares Index ETF (ASX:VEU): Developed and Emerging Markets Outside the United States

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Key Highlights

The fund holds 3,920 companies in markets outside the United States.
Japan (15.59%), Taiwan (8.55%) and Canada (7.81%) are the largest country weightings.
Financial Services is the largest sector at 24.32%, and the fee is 0.04%.
The top ten holdings account for 14.05%, led by Taiwan Semiconductor Manufacturing at 4.35%.

Vanguard All-World ex-US Shares Index ETF (ASX:VEU) tracks the FTSE All-World ex US Index, a free-float-adjusted, market-capitalisation-weighted benchmark that measures equity market performance outside the United States. The fund was admitted to the ASX on 8 May 2009 and last traded at $118.06 on 13 October 2026. It reports a fund size of $6.44 billion.

Detail	Information
Ticker	ASX:VEU
Fund	Vanguard All-World ex-US Shares Index ETF
Category	Equity World Other
Benchmark	FTSE AW Ex US NR AUD
Fund size	$6.44 billion
Management fee	0.04%
Total holdings	3,920
ASX admission date	8 May 2009

Country exposure

Japan accounts for 15.59% of the fund, followed by Taiwan at 8.55%, Canada at 7.81% and the United Kingdom at 7.75%. China holds 7.09%, South Korea 6.51%, Switzerland 5.46%, Germany 4.95%, France 4.82% and India 4.16%.

The fund carries 2.05% in cash and 97.85% in stocks.

Holdings and sectors

The ten largest positions make up 14.05% of the fund, a low concentration. Taiwan Semiconductor Manufacturing leads at 4.35%, followed by Samsung Electronics (2.08%), SK hynix (1.60%), ASML Holding (1.56%) and Tencent Holdings (0.85%). HSBC, Roche, Royal Bank of Canada, Novartis and Alibaba complete the group.

Financial Services holds 24.32% and Technology 20.34%, with Industrials at 14.58%. Healthcare is 6.90% of the fund, well below the 24.41% category figure.

Fees, risk and distribution

The management fee is 0.04% a year. The fund reports a beta of 0.70 and a standard deviation of 9.14. The interim distribution had an ex-date of 18 September 2026, a record date of 21 September and payment on 16 October, equal to an annual yield of 2.05%.

Quarterly distribution history shows wide variation, with the January 2026 payment of $1.258 far above the $0.113 paid in April.

Category classification and liquidity

Morningstar places the fund in the Equity World Other category, which covers funds investing primarily in almost exclusively global stocks, with less than 20% of the portfolio in assets other than equities, and with a possible bias towards particular style, size, sector or country characteristics.

Liquidity indicators add a further view. There are 54,116,519 units on issue, and average daily trading volume is 74,150 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 46,700 to 195,600 units, with 46,730 recorded on 13 October while the market was still open. The bid-offer range stood at $118.00 to $118.40, and the day range at $117.64 to $119.00. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer lodged a Distribution FX Rate Announcement on 12 October, Outstanding Securities for September 2026 (CDI) on 7 October, an NPORT filing on 29 September and a Final Distribution Announcement on 17 September.

Final Takeaway

VEU spreads exposure across developed and emerging economies, with the largest country weighting at 15.59% and the top ten holdings at 14.05%. The 0.04% fee sits alongside irregular distributions. These are features of the fund's construction and do not indicate expected outcomes.

FAQs

Q: What does Vanguard All-World ex-US Shares Index ETF (ASX:VEU) track?

A:It tracks the FTSE All-World ex US Index, covering equity markets outside the United States.

Q: How many holdings does ASX:VEU have?

A:The fund holds 3,920 companies.

Q: What is the fund's largest country exposure?

A:Japan, at 15.59%.

Q: What is the management fee?

A:The management fee is 0.04% a year.

Q: When is the distribution payable?

A:The interim distribution is payable on 16 October 2026.

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