Summary
Vanguard Developed Markets Index Fund Institutional Plus Shares is a mutual fund run by Vanguard. It does not trade on an exchange: you buy it from the fund company at a price set once a day. Positions inside: 3,918. The ten largest make up 13% of the fund.
- Yearly costs
- 0.02%
- Fund size
- $313.5B
- Positions
- 3,918
- Dividend yield
- 2.33%
- Running since
- 2014
What speaks for it
- Costs of 0.02% a year are below the middle of comparable funds (0.40%).
- Widely spread: the ten largest positions make up only 13% of the fund.
- A large fund with $313.5B under management.
- Average yearly growth over the last ten years: 6.5%.
- It has been running since 2014.
What to watch
- In the last five years its price once dropped by 32% from its high.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -2.9%
- 3 months
- -0.4%
- This year
- +11%
- 1 year
- +15%
- 3 years
- +63%
- 5 years
- +33%
- 10 years
- +88%
- Avg. market cap
- $338.9B
- P/E
- 14.1x
- Forward P/E
- 12.4x
- P/S
- 2.8x
- P/B
- 2.9x
- P/FCF
- 9.6x
- EV/EBITDA
- 9.7x
- Dividend yield
- 1.69%
- ROIC
- 18.9%
- ROE
- 32.1%
- Gross margin
- 53.5%
- Operating margin
- 29.4%
- Net margin
- 25.7%
- Payout ratio
- 23.8%
- Net debt/EBITDA
- 0.5x
- Beta
- 0.97
Weighted average of the 50 largest companies, which make up 30% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Widely spread- 1 00Samsung Electronics Co., Ltd. 005930.KS 2.8%
- 2 00SK hynix Inc. 000660.KS 2.3%
- 3 ASASML Holding N.V. ASML.AS 2.1%
- 4 SLBBH1142 1.1%
- 5 HSBC Holdings PLC 1.0%
- 6 RORoche Holding AG ROP.SW 0.9%
- 7 Shell PLC 0.9%
- 8 RYRoyal Bank of Canada RY.TO 0.8%
- 9 NONovartis AG NOVN.SW 0.8%
- 10 83Mitsubishi UFJ Financial Group, Inc. 8306.T 0.8%
Positions in the fund: 3,918. The ten largest make up 13% of it.
Composition as of Oct 18, 2026.
Where is it spread?
Spread outBy sector
- Financials 24%
- Industrials 17%
- Technology 17%
- Healthcare 7.6%
- Basic materials 7.4%
- Other 27%
By country
- Japan 22%
- Canada 10%
- United Kingdom 10%
- Switzerland 6.8%
- Other countries 51%
By company size
- Mega cap 21%
- Large cap 73%
- Mid cap 6.2%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 76% of the fund.
Largest sector: Financials (24%). Largest country: Japan (22%). Largest size group: Large cap (73%).
What does it cost me?
Cheap- A year from $10,000
- $2.00
- Over 20 years
- $101
From every $10,000 invested the fund takes $2.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $101.
How has it done?
Growing over the long run- A year on average, 10 years
- +6.5%
- Deepest drop
- -32%
- Yearly volatility
- 17%
Average yearly growth over the last ten years: 6.5%. Deepest drop in these years: 32% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 2.33%
- Payments a year
- 4
- Last payment
- $0.09
Over the last 12 months it paid $0.81 per share, which is 2.33% of today's price. The last payment was $0.09 on Sep 18, 2026.
How expensive are the companies inside?
Rather cheap- P/E of the companies inside
- 14.1
- Average Bulios Score
- 71 out of 100
Weight by Bulios Fair Price
- Undervalued 25%
- Fairly valued 12%
- Overvalued 63%
On average the companies inside trade for 14.1 times their yearly profit. By Fair Price, 63% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 30% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Can I buy it as an ETF?
A mutual fund is bought from the fund company. These ETFs hold much of the same and trade on an exchange, so an ordinary broker carries them.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
VE VEA Vanguard Developed Markets Index Fund | United States | 0.03% | $313.0B | +14% | Pays out | 87% |
VE VEF.TO Vanguard FTSE Developed All Cap ex U.S. Index ETF (CAD-hedged) | Canada | 0.21% | $924.2M | +16% | Pays out | 85% |
VD VDU.TO Vanguard FTSE Developed All Cap ex U.S. Index ETF | Canada | 0.21% | $601.3M | +15% | Pays out | 85% |
VI VI.TO Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged) | Canada | 0.22% | $669.8M | +16% | Pays out | 75% |
VI VIU.TO Vanguard FTSE Developed All Cap ex North America Index ETF | Canada | 0.21% | $8.23B | +15% | Pays out | 75% |
DM DMXU Xtrackers Bloomberg Developed Markets Ex US Equity ETF | United States | 0.03% | $64.7M | +4.7% | Pays out | 75% |
