Morningstar® Investment Profile™   Morningstar®
Disclosure
  Format
for Print
Vanguard VIF International
Release date as of 2024-02-29. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2024-02-29
Out of 391
Foreign Large Growth Funds
Morningstar®
Style Box™
What is this?
As of 2023-12-31
Total Fund Assets ($ Mil)
3,052.21
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks to provide long-term capital appreciation.
The Portfolio invests predominantly in the stocks of companies located outside the United States and is expected to diversify its assets in countries across developed and emerging markets. In selecting stocks, its advisors evaluate foreign markets around the world and choose large-, mid-, and small-capitalization companies considered to have above-average growth potential. The Portfolio uses multiple investment advisors.
  Morningstar Category: Foreign Large Growth
Foreign large-growth portfolios focus on high-priced growth stocks, mainly outside of the United States. Most of these portfolios divide their assets among a dozen or more developed markets, including Japan, Britain, France, and Germany. These portfolios primarily invest in stocks that have market caps in the top 70% of each economically integrated market (such as Europe or Asia ex-Japan). Growth is defined based on fast growth (high growth rates for earnings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields). These portfolios typically will have less than 20% of assets invested in U.S. stocks. 
  Investment Risks
Foreign Securities Funds/Emerging Market Funds: Risks include, but are not limited to, currency risk, political risk, and risk associated with varying accounting standards. Investing in emerging markets may accentuate these risks.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 13.5
Bullet Non-U.S. Stocks Non-U.S. Stocks 80.9
Bullet Bonds Bonds 0.0
Bullet Cash Cash 4.4
Bullet Other Other 1.2
Asset Allocation Rescaled Graph
Data through 2023-12-31
Morningstar Equity Sectors
% of Stocks
Cyclical 31.65
Basic Materials 0.77
Consumer Cyclical 20.89
Financial Services 9.99
Real Estate 0.00
Sensitive 47.67
Communication Services 6.66
Energy 1.79
Industrials 15.15
Technology 24.07
Defensive 20.69
Consumer Defensive 4.96
Healthcare 15.01
Utilities 0.72
Data through 2023-12-31
Morningstar World Regions
% Fund
Americas 22.4
North America 15.6
Latin America 6.8
Greater Europe 49.2
United Kingdom 8.3
Europe Developed 39.3
Europe Emerging 0.0
Africa/Middle East 1.6
Greater Asia 28.4
Japan 7.5
Australasia 1.0
Asia Developed 8.3
Asia Emerging 11.7
Data through 2023-12-31
Holding Status
Total Number of Stock Holdings 122
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 29.15
Turnover % (as of 2023-12-31) 15.00
30 Day SEC Yield % ---
Top Holdings
Sector Country % of Net
Assets
MercadoLibre Inc Brazil 4.90
ASML Holding NV Netherlands 4.71
Taiwan Semiconductor Manufacturing Co Ltd Taiwan 3.19
Spotify Technology SA United States 2.93
Adyen NV Netherlands 2.72
Tencent Holdings Ltd China 2.42
Vestas Wind Systems A/S Denmark 2.19
Atlas Copco AB Class A Sweden 2.14
PDD Holdings Inc ADR China 2.00
argenx SE United States 1.95
Data through 2023-12-31
  Principal Risks   
Currency, Emerging Markets, Loss of Money, Not FDIC Insured, Country or Region, Market/Market Volatility, Equity Securities, Management
Show Risk Definitions
  Other Information
Inception Date: 1994-06-03
Portfolio Manager(s)
Thomas Coutts   (2016-12-22)
Thomas Coutts, Partner of Baillie Gifford & Co., which is the 100% owner of Baillie Gifford. He has worked in investment management with Baillie Gifford since 1999, has managed investment portfolios since 2001, and has co-managed a portion of the Portfolio since December 2016. Education: B.A., Trinity College, Oxford.
Simon Webber   (2009-12-22)
Simon joined Schroders in 1999 as an analyst on the Global Technology and US teams, before becoming a Global Sector Specialist for the consumer discretionary and telecom sectors. Currently, he is also a portfolio manager on the Global Equity team. In 2006, Simon began to develop the philosophy and investment universe behind the Schroder Global Climate Change strategy, and has co-managed the fund since launch.
Lawrence Burns   (2020-12-22)
Lawrence Burns joined Baillie Gifford in 2009 and became a Partner of Baillie Gifford & Co. in 2020. He is a portfolio manager in the Manager's strategies that focus on transformative growth companies. Mr. Burns has been a member of the International Growth Portfolio Construction Group since October 2012 and took over as Deputy Chair in July 2019. Mr. Burns is also a co-manager of the International Concentrated Growth Strategy. He has also spent time working in both the Emerging Markets and U.K. Equity Departments. Mr. Burns graduated BA in Geography from the University of Cambridge in 2009. Mr. Burns has been a member of the team since 2012.
James Gautrey   (2020-12-22)
James R. Gautrey, CFA, Portfolio Manager at Schroders. He has worked in investment management for Schroders since 2001, has managed assets since 2014, and has co-managed a portion of the Portfolio since December 2020. Education: B.Sc., University College London.
Investment Advisor(s)
Baillie Gifford Overseas Limited
Schroder Investment Management North America Inc.
Issuer
Vanguard
Subadvisor(s)
---
Show Data Definitions

© Copyright 2024 Morningstar, Inc.
All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance.
Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.