- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- Valley Forge PA 19482 Valley Forge PA United States of America 19482
- IPO Date
- Nov 18, 2022
- Business
- Vanguard Global Environmental Opportunities Stock Fund Investor Shares (VEOIX) is an actively managed open-end mutual fund that seeks long-term capital appreciation by investing primarily in stocks of environmental companies involved in the global decarbonization process. The fund, domiciled in the United States and available for sale to U.S. investors, maintains a concentrated portfolio of approximately 25 global large-cap growth stocks, with at least 80% of net assets allocated to companies deriving at least half their revenue from activities contributing positively to environmental change, such as renewable energy solutions, energy efficiency technologies, sustainable infrastructure, advanced materials, and low-carbon transport; top sectors include industrials (41.97%), technology (29.04%), and utilities (15.96%), with significant exposure to non-U.S. stocks (66.62%), the United States (31.94%), emerging Asia, Eurozone, and Europe ex-Euro regions. Launched on November 16, 2022, the fund offers Investor Shares with a net expense ratio of 0.73%, a minimum initial investment of $3,000, and daily pricing, alongside Admiral Shares (VEOAX) at a lower 0.60% expense ratio and $50,000 minimum; it is managed by Deirdre Cooper and Graeme Baker of Ninety One, the fund's subadvisor with expertise in sustainable equities. The Vanguard Group, Inc., the fund sponsor founded in 1975 and headquartered in Malvern, Pennsylvania, oversees the fund as part of its lineup of mutual funds focused on sustainable investing themes. In recent developments, the fund became available for investment following a two-week subscription period in November 2022, marking Vanguard's expansion into concentrated active strategies for decarbonization amid growing demand for environmental opportunities, with no reported major portfolio manager changes, acquisitions, or strategic shifts through 2025; total net assets stand at approximately $90.92 million, with the Investor share class at $26.22 million.