Fund Evaluator:

Vanguard European Stock Investor Overview

Vanguard European Stock Investor (VEURX) is a passively managed International Equity Europe Stock fund. Vanguard launched the fund in 1990.

The investment seeks to track the performance of a benchmark FTSE Developed Europe All Cap Index that measures the investment return of stocks issued by companies located in the major markets of the Pacific region. The fund employs an indexing investment approach designed to track the performance of the FTSE Developed Europe All Cap Index, a market-capitalization weighted index that is made up of common stocks of companies located in European countries. Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the stocks that make up the target Index.

About Vanguard European Stock Investor (VEURX)

There are 3 members of the management team with an average tenure of 5.24 years: Christine Franquin (2016), Scott Geiger (2022), John Kraynak (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: FTSE Global All Cap ex US TR USD index with a weighting of 100% and FTSE Dvlp Europe All Cap(US RIC)NR USD index with a weighting of 100%. Vanguard European Stock Investor has 1233 securities in its portfolio. The top 10 holdings constitute 18.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Vanguard European Stock Investor is part of the Equity global asset class and is within the International Equity fund group. Vanguard European Stock Investor has 97.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.1%. There is 97.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Vanguard European Stock Investor has 1.1% of the portfolio in cash.

Assets Under Management

The fund has $10 million in total assets, which is below the $1 billion average for the Europe Stock category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

VEURX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Vanguard European Stock Investor expense ratio is below average compared to funds in the Europe Stock category. Vanguard European Stock Investor has an expense ratio of 0.23%, which is 76% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Vanguard European Stock Investor has a portfolio turnover rate of 5%, indicating that holds its assets around 0.2 years. By way of comparison, the average portfolio turnover is 108% for the Europe Stock category.

Recently, in the month of June 2026, Vanguard European Stock Investor returned 0.6%, which earned it a grade of D, as the Europe Stock category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Vanguard European Stock Investor has a trailing yield of 2.74%, which is above the 2.15% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Vanguard European Stock Investor Grades

Year to date, the fund has returned 7.8%, 0.2 percentage points better than the category, which translates into a grade of C. The fund has returned 17.5% over the past year (grade of B), 16.3% over the past three years (grade of D) and 9.1% per year over the past five years (grade of C) and 9.9% per year over the past 10 years (grade of C).

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