Vanguard Developed Markets Index Fund Institutional Plus Shares
VDIPX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Valley Forge, PA 19482 Valley Forge PA United States of America 19482
- IPO Date
- Dec 20, 2013
- CIK
- 0000923202
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Developed Markets Index Fund (VDIPX) is an institutional mutual fund managed by The Vanguard Group, Inc., employing an indexing investment approach designed to track the performance of the FTSE Developed All Cap ex US Index, a market-capitalization-weighted benchmark comprising approximately 3,900 common stocks of large-, mid-, and small-cap companies located in developed markets outside the United States, including Canada and the major markets of Europe and the Pacific region. The fund invests all or substantially all of its assets in the stocks that make up the index, holding each in approximately the same proportion as its weighting, providing investors with low-cost, diversified exposure to international developed equities across sectors such as financial services, industrials, technology, healthcare, and consumer cyclical; top holdings include Novo Nordisk AS (1.75%), ASML Holding NV (1.47%), Nestle SA (1.16%), Samsung Electronics Co Ltd (1.09%), and AstraZeneca PLC (1.08%). It offers institutional plus shares with an adjusted expense ratio of 0.05%, a minimum initial investment of $100 million, quarterly dividend payouts yielding approximately 2.6-3.2%, and a low turnover rate of around 3%, targeting institutional investors seeking broad foreign large-blend exposure in the foreign large blend category. Launched on April 1, 2014, with the broader fund inception dating to December 20, 2013—or earlier share classes to July 2007—the fund is domiciled in the United States and headquartered alongside its advisor, The Vanguard Group, Inc., in Malvern, Pennsylvania. Geographically, it focuses on non-U.S. developed markets, with key regional allocations to the Eurozone (26%), Japan (21%), Europe ex-Euro (13%), the United Kingdom (12%), and Canada (10%), alongside minimal cash (1%) and U.S. stock (1%) holdings for operational purposes. As of late 2025, the fund manages over $204-260 billion in assets under management, reflecting its scale within Vanguard's passive equity lineup. Recent developments include a manager change in February 2025, with Nicole Brubaker joining the portfolio management team alongside Christine Franquin (since 2013) and Michael Perre (since 2017), ensuring continuity in the fund's full-replication, passively managed strategy amid Vanguard's ongoing enhancements to its international offerings. Vanguard has pursued broader strategic expansions, such as the October 2021 acquisition of Just Invest to add direct indexing capabilities and the November 2023 launch of the Vanguard International Dividend Growth Fund, though no specific acquisitions, partnerships, or reorganizations directly impacted VDIPX in the last 1-2 years; the fund maintained stable performance with year-to-date returns around 24-31% and 1-year returns of 22% as of mid-2025. These initiatives align with Vanguard's commitment to low-cost, client-focused product evolution, including proxy voting pilots and new fund additions like active equity ETFs in 2025.