Fund Evaluator:
Vanguard Intl Hi Div Yld Adm (VIHAX)
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Best Performing in Foreign Large Value Over the Last Year
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Fund Details
Vanguard Intl Hi Div Yld Adm Overview
Vanguard Intl Hi Div Yld Adm (VIHAX) is a passively managed International Equity Foreign Large Value fund. Vanguard launched the fund in 2016.
The investment seeks to track the performance of FTSE All-World ex US High Dividend Yield Index that measures the investment return of non-U.S. companies that are characterized by high dividend yield. 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 Intl Hi Div Yld Adm (VIHAX)
There are 2 members of the management team with an average tenure of 5.86 years: Scott Geiger (2025), Michael Perre (2016). 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 AWexUS High Divid Yld US RIC NR USD index with a weighting of 100%. Vanguard Intl Hi Div Yld Adm has 1628 securities in its portfolio. The top 10 holdings constitute 13.5% 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 Intl Hi Div Yld Adm is part of the Equity global asset class and is within the International Equity fund group. Vanguard Intl Hi Div Yld Adm has 98.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.4%. There is 98.4% 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 Hi Div Yld Adm has 1.2% of the portfolio in cash.
Assets Under Management
The fund has $892 million in total assets, which is below the $951 million average for the Foreign Large Value 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.
VIHAX 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 Hi Div Yld Adm expense ratio is low compared to funds in the Foreign Large Value category. Vanguard Intl Hi Div Yld 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 Hi Div Yld Adm has a portfolio turnover rate of 9%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Value category.
Recently, in the month of June 2026, Vanguard Intl Hi Div Yld Adm returned -0.7%, which earned it a grade of D, as the Foreign Large Value category had an average return of -0.6%. 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 Hi Div Yld Adm has a trailing yield of 3.63%, which is above the 2.87% 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 Hi Div Yld Adm Grades
Year to date, the fund has returned 11.5%, 0.7 percentage points better than the category, which translates into a grade of B. The fund has returned 27.4% over the past year (grade of B), 21.1% over the past three years (grade of B) and 12.7% per year over the past five years (grade of B) and 10.8% per year over the past 10 years (grade of B).
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VIHAX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| VIHAX Return (NAV) | -0.7% | 5.7% | 27.4% | 21.1% | 12.7% | 10.8% |
| VIHAX Grade | D | D | B | B | B | B |
| +/- Category | -0.1% | -2.1% | 2.2% | 1.9% | 1.4% | 1.0% |
| Foreign Large Value Avg | -0.6% | 7.8% | 25.2% | 19.3% | 11.3% | 9.8% |
| VIHAX Tax Cost Ratio | na | na | 1.1% | 1.2% | 1.3% | 1.2% |
VIHAX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| VIHAX Return (NAV) | 11.5% | 38.0% | 7.0% | 16.8% | -6.9% | 15.1% | -0.7% | 18.3% | -12.4% | 22.4% | na |
| VIHAX Grade | B | C | B | D | B | A | F | C | A | C | na |
| +/- Category | 0.7% | -0.6% | 2.6% | -1.0% | 2.6% | 2.7% | -3.3% | -0.7% | 4.0% | -0.6% | na |
| Foreign Large Value Avg | 10.7% | 38.6% | 4.4% | 17.8% | -9.5% | 12.4% | 2.6% | 19.0% | -16.4% | 23.0% | 3.0% |
| Risk Measures | |
| Standard Deviation: | 11.3% |
| Total Risk Index: | 0.93 - Average |
| Category Risk Index: | 0.87 - Low |
| Category Risk Grade: | A (8% Rank) |
| Beta: | 0.74 |
| R-Squared: | 83% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 3.6% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | |
| Total Assets: | $20394 Mil |
| Fund Total Assets: | $ 893 Mil |
| Share Class Type: | ADM |
| Portfolio Turnover: | 9% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 10.4 years | |||
| Average Tenure: 5.9 years | |||
| Managers (Year): Perre Michael (2016), Geiger Scott (2025) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 1628 |
| % in Top 10 Holdings: | 13.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 98.4% |
Portfolio Allocation |
|
| Domestic Stock: | 0.4% |
| Foreign Stock: | 98.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.2% |
Purchase Information
| Fund Family: | Vanguard |
| Phone Number: | 800-662-7447 |
| Website: | www.vanguard.com |
| Status: | Open |
| Inception Date: | March 2, 2016 |
| Min. Initial Purchase: | $3,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.25% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.16% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | Vanguard Intl Hi Div Yld Idx ETF |
| Min. Subsequent Purchase: | $ 1 |
| Min. Subsequent IRA Purchase: | $ 0 |
