Vanguard Emerging Markets Stock Index Fund

Shareclass
Vanguard FTSE Emerging Markets ETF (VWO)
Type
Exchange-traded fund
Manager
Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, above the threshold of 0.5% and below 1.5%. Assigned a grade of D.
How we track deforestation-risk investments
D
4.57%
INVESTED IN DEFORESTATION-RISK COMPANIES
producers
AGRIBUSINESS
deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy
banks
BANKS AND LENDERS
that finance deforestation-risk agribusiness producers via lending and underwriting
consumers
MAJOR CONSUMER BRANDS
that use deforestation-risk agribusiness commodities in products
84
holdings flagged
4.57%
of assets flagged
This fund contains
 $4.6 BILLION invested 
in holdings flagged for deforestation risk
Vanguard holds hundreds of millions of dollars in shares in the agribusiness companies most responsible for devastating our rainforests. Vanguard's continued financing of the world's worst deforesters exposes Vanguard and its clients to reputational and financial risk - and Vanguard has no policy in place to stop the destruction. Tell Vanguard to adopt a No Deforestation Policy!
Sign the petition
producers
Commodity producers
43 holdings
1.08% of assets
$1.09 BILLION invested
banks
Banks and lenders
17 holdings
2.3% of assets
$2.31 BILLION invested
consumers
Major consumer brands
33 holdings
1.41% of assets
$1.42 BILLION invested
Commodity producers
Commodity producers
43 HOLDINGS
Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.
43 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Ptt PCL
    Palm oil producer
    0.18%0.18% of portfolio
    $183.77M$183.77M invested
    Palm oil producer
  • 2. Suzano SA
    Timber producerPaper/pulp producer
    0.1%0.1% of portfolio
    $99.16M$99.16M invested
    Timber producerPaper/pulp producer
  • 3. PT Astra International Tbk
    Palm oil producer
    0.09%0.09% of portfolio
    $88.41M$88.41M invested
    Palm oil producer
  • 4. JBS SA
    Soy producerCattle producerPaper/pulp producer
    0.09%0.09% of portfolio
    $86.13M$86.13M invested
    Soy producerCattle producerPaper/pulp producer
  • 5. Sime Darby Plantation Bhd
    Rubber producerPalm oil producer
    0.05%0.05% of portfolio
    $45.87M$45.87M invested
    Rubber producerPalm oil producer
View next 5
Banks and lenders
Banks and lenders
17 HOLDINGS
Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
17 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Industrial And Commercial Bank Of China Ltd Class H
    0.52%0.52% of portfolio
    $520.74M$520.74M invested
  • 2. Bank Of China Ltd Class H
    0.41%0.41% of portfolio
    $415.89M$415.89M invested
  • 3. PT Bank Rakyat Indonesia (Persero) Tbk Registered Shs Series -B-
    0.34%0.34% of portfolio
    $341.69M$341.69M invested
  • 4. PT Bank Mandiri (Persero) Tbk
    0.25%0.25% of portfolio
    $252.27M$252.27M invested
  • 5. Malayan Banking Bhd
    0.2%0.2% of portfolio
    $197.12M$197.12M invested
View next 5
Major consumer brands
Major consumer brands
33 HOLDINGS
Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
33 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Hindustan Unilever Ltd
    Palm oil major consumer brand
    0.36%0.36% of portfolio
    $358.35M$358.35M invested
    Palm oil major consumer brand
  • 2. Uni-President Enterprises Corp
    Soy major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.15%0.15% of portfolio
    $149.46M$149.46M invested
    Soy major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 3. Nestle India Ltd
    Soy major consumer brandPalm oil major consumer brand
    0.15%0.15% of portfolio
    $146.94M$146.94M invested
    Soy major consumer brandPalm oil major consumer brand
  • 4. Grupo Bimbo SAB de CV Class A
    Soy major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.13%0.13% of portfolio
    $134.45M$134.45M invested
    Soy major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 5. China Mengniu Dairy Co Ltd
    Soy major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.09%0.09% of portfolio
    $92.19M$92.19M invested
    Soy major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
View next 5
View more info
DATA AS OF 31 Jan 2024
Financial performance
Performance data provided byMorningstarFind more financial data on VWO at Morningstar.com
Current fund
VWO
Vanguard Emerging Markets Stock Index Fund
Family
Vanguard
Category
Diversified Emerging Mkts
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 2/29/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-0.35% less in annualized returns
Less invested in commodity producers 
0.41% less invested
Less invested in banks and lenders 
2.49% less invested
Less invested in major consumer brands 
6.71% less invested
Current fund
VWO
Vanguard Emerging Markets Stock Index Fund
Family
Vanguard
Category
Diversified Emerging Mkts
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 2/29/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-0.35% less in annualized returns
Less invested in commodity producers 
0.41% less invested
Less invested in banks and lenders 
2.49% less invested
Less invested in major consumer brands 
6.71% less invested
Current fund
VWO
Vanguard Emerging Markets Stock Index Fund
Family
Vanguard
Category
Diversified Emerging Mkts
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 2/29/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-0.35% less in annualized returns
Less invested in commodity producers 
0.41% less invested
Less invested in banks and lenders 
2.49% less invested
Less invested in major consumer brands 
6.71% less invested
Month-end trailing returns  
Annualized returns
Deforestation analysis
1-yr
3-yr
5-yr
10-yr
Commodity producers
This fund
VWO - Vanguard Emerging Markets Stock Index Fund
8.52%
-4.52%
2.97%
3.48%
1.08% 
Benchmark
ACWX - iShares MSCI ACWI ex U.S. ETF
13%
1.17%
5.26%
3.83%
1.49% 
Fund compared to benchmark
 
-4.12%
-5.69%
-2.29%
-0.35%
0.41%  lower
Find more financial data on VWO at Morningstar.com
Take Action
Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.
Find top-graded funds that avoid deforestation-risk investments.
Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.
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