VEU AU

Vanguard All-World Ex-US Shares INDEX ETF Guide (VEU): What Is It All About?

Last updated: 2026-10-03

Overview

Vanguard All-World Ex-US Shares INDEX ETF (VEU) offers Australian investors exposure to international shares beyond the United States. The portfolio combines developed and emerging markets, with its reported largest regional allocation in developed Europe and its largest sector allocation in financial services. Its profile brings together broad geographic exposure, quarterly distributions and a low stated ongoing cost, alongside the market and currency risks that come with overseas equities.

Category

VEU is an international shares fund focused on markets outside the United States. Its reported holdings span regions including Europe, Japan, developed Asia and emerging Asia, giving the portfolio a broad geographic profile rather than a single-country focus.

International share funds can provide exposure to economies and companies beyond the United States, but performance may vary across regions, sectors and currencies. VEU’s reported regional mix is led by developed Europe, developed Asia and Japan, while its sector allocation has its largest weight in financial services. The supplied performance figures are 9.06% year to date, 15.4% over one year, 16.01% over three years, 9.96% over five years and 10.29% over ten years; past returns do not indicate future results.

Key facts

Ticker
VEU
Exchange
AU
ISIN
AU000000VEU9
Category / focus
Equity World Other
Provider
Vanguard Investments Australia Ltd
Domicile
Australia
Currency
AUD
Inception date
2009-05-08
Use of income
Quarterly
UCITS
No

Costs

TER
0.11%
Ongoing charge
0.11%
Net expense ratio
0.11%
AUM
6.2B

The stated ongoing charge is 0.11%. The supplied fund information also reports a dividend yield of 2.76% and quarterly distributions; yield and distribution amounts can change.

 

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Performance

YTD
9.1%
1 year
15.4%
3 years
16.0%
5 years
10.0%
10 years
10.3%
Dividend yield
2.76%
Top 10 concentration
10.5%

Holdings

  1. Taiwan Semiconductor Manufacturing Co. Ltd.1.51%
    Ticker
    2330
    Sector
    Technology
    Country
    Taiwan

  2. ASML Holding N.V.1.38%
    Ticker
    ASML
    Sector
    Technology
    Country
    Netherlands

  3. Novo Nordisk A/S1.38%
    Ticker
    NOVO-B
    Sector
    Healthcare
    Country
    Denmark

  4. Toyota Motor Corp1.06%
    Ticker
    7203
    Sector
    Consumer Cyclical
    Country
    Japan

  5. Nestle S.A.1.02%
    Ticker
    NESN
    Sector
    Consumer Defensive
    Country
    Switzerland

  6. Samsung Electronics Co Ltd0.97%
    Ticker
    005930
    Sector
    Technology
    Country
    Korea

  7. LVMH Moët Hennessy – Louis Vuitton0.83%
    Ticker
    MC
    Sector
    Consumer Cyclical
    Country
    France

  8. Tencent Holdings Ltd0.81%
    Ticker
    0700
    Sector
    Communication Services
    Country
    Hong Kong

  9. Novartis AG0.77%
    Ticker
    NOVN
    Sector
    Healthcare
    Country
    Switzerland

  10. SAP SE0.76%
    Ticker
    SAP
    Sector
    Technology
    Country
    Germany

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

The portfolio’s largest reported sector allocations are financial services, technology and industrials. Its leading holdings include Taiwan Semiconductor Manufacturing, ASML and Novo Nordisk; the ten largest positions together account for 10.473% of the fund, indicating that exposure is spread across many companies rather than dominated by a few names.

Regions

  • Europe Developed27.9%

  • Asia Developed17.3%

  • Japan15.6%

  • Asia Emerging12.4%

  • North America8.8%

  • United Kingdom7.7%

  • Australasia4.3%

  • Africa/Middle East3.3%

  • Latin America2.0%

  • Europe Emerging0.8%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

Sectors

  • Financial Services24.3%

  • Technology20.3%

  • Industrials14.6%

  • Consumer Cyclicals7.9%

  • Basic Materials7.2%

  • Healthcare6.9%

  • Consumer Defensive4.8%

  • Energy4.7%

  • Communication Services4.4%

  • Utilities2.9%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

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Risks

Who it may suit

VEU may interest investors researching broad international share exposure outside the United States, including allocations to both developed and emerging regions. Its suitability depends on an investor’s objectives, financial situation and needs.

Key risks

VEU carries share-market risk and currency risk, as its investments span multiple countries and currencies. Regional and sector exposures can also affect returns differently as market conditions change. Distributions and reported yield may vary, and past performance is not a guide to future results.

FAQ

What does VEU invest in?

VEU provides exposure to shares across markets outside the United States, including developed and emerging regions. Its largest reported regional allocations are to developed Europe, developed Asia and Japan.

Does VEU pay distributions?

The supplied fund information reports quarterly distributions and a dividend yield of 2.76%. Distribution amounts and yield can change.

What are the main risks of VEU?

As an international share fund, VEU is exposed to equity-market movements, currency fluctuations and differences in economic and political conditions across its investment regions. Its sector mix also means some market developments may have a greater effect than others.

*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.

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