Fund Evaluator:

Vanguard Intl Div Apprec Idx Adm Overview

Vanguard Intl Div Apprec Idx Adm (VIAAX) is a passively managed International Equity Foreign Large Growth fund. Vanguard launched the fund in 2016.

The investment seeks to track the performance of S&P Global Ex-U.S. Dividend Growers Index that measures the investment return of non-U.S. companies that have a history of increasing dividends. The index focuses on common stocks of high-quality companies located in developed and emerging markets, excluding the U.S., that have both the ability and the commitment to grow their dividends over time. The manager attempts to replicate the Target Index by investing all, or substantially all, of its assets in the stocks that make up the target index. The fund is non-diversified.

About Vanguard Intl Div Apprec Idx Adm (VIAAX)

There are 2 members of the management team with an average tenure of 7.65 years: Scott Geiger (2021), Michael Perre (2016). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P Global Ex US BMI TR USD index with a weighting of 100% and S&P Global Ex US Dividend Growers TR USD index with a weighting of 100%. Vanguard Intl Div Apprec Idx Adm has 384 securities in its portfolio. The top 10 holdings constitute 34.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Vanguard Intl Div Apprec Idx Adm is part of the Equity global asset class and is within the International Equity fund group. Vanguard Intl Div Apprec Idx Adm has 99.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 99.7% 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 Intl Div Apprec Idx Adm has 0.3% of the portfolio in cash.

Assets Under Management

The fund has $362 million in total assets, which is below the $1 billion average for the Foreign Large Growth 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.

VIAAX 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 Intl Div Apprec Idx Adm expense ratio is low compared to funds in the Foreign Large Growth category. Vanguard Intl Div Apprec Idx Adm has an expense ratio of 0.16%, which is 85% 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 Intl Div Apprec Idx Adm has a portfolio turnover rate of 14%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 51% for the Foreign Large Growth category.

Recently, in the month of June 2026, Vanguard Intl Div Apprec Idx Adm returned -0.4%, which earned it a grade of F, as the Foreign Large Growth category had an average return of 1.5%. 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 Intl Div Apprec Idx Adm has a trailing yield of 2.06%, which is above the 0.95% category average. The fund normally distributes its income quarterly.

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 Intl Div Apprec Idx Adm Grades

Year to date, the fund has returned 3.7%, 5.8 percentage points worse than the category, which translates into a grade of D. The fund has returned 6.0% over the past year (grade of D), 9.8% over the past three years (grade of D) and 4.6% per year over the past five years (grade of C) and 7.9% per year over the past 10 years (grade of D).

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