VANGUARD FTSE DEVELOPED MARKETS ETF

Vanguard FTSE Developed Markets ETF is an exchange-traded fund that provides broad exposure to stocks from developed markets outside the United States. The fund seeks to track the FTSE Developed All Cap ex US Index, covering large-, mid-, and small-cap companies across both growth and value styles. Its portfolio spans developed markets in Canada, Europe, and the Pacific region, with significant representation from countries such as Japan, the United Kingdom, Canada, France, Germany, Switzerland, and Australia. Vanguard FTSE Developed Markets ETF follows a passive, full-replication approach, holding essentially all index constituents to closely mirror the benchmark’s risk and return characteristics. It remains fully invested and is designed as a core international equity holding, offering diversified exposure across sectors and industries in non-US developed economies. Managed by Vanguard, the ETF plays a significant role for market participants seeking systematic access to international developed equity markets within a single, low-cost vehicle.