- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- Valley Forge PA 19482 Valley Forge PA United States of America 19482
- IPO Date
- Jun 14, 2019
- Business
- Vanguard Global ESG Select Stock Fund Admiral Shares (VESGX) is an actively managed mutual fund that seeks to maximize long-term capital appreciation by investing primarily in common stocks of companies demonstrating strong environmental, social, and governance (ESG) characteristics. Under normal circumstances, at least 80% of the fund's assets are invested in equities of large- and mid-capitalization companies located worldwide, including emerging markets; the portfolio typically holds 35-45 stocks selected through proprietary bottom-up fundamental research emphasizing effective capital allocation, leading ESG practices such as board diversity and transparency into long-term risks, and sustainable gaps between return on capital and cost of capital. Key holdings as of recent data include Microsoft Corp. (7.01%), ASML Holding NV (4.33%), Taiwan Semiconductor Manufacturing Co. Ltd. (4.06%), Merck & Co. Inc. (3.85%), and Visa Inc. (3.78%), with sector allocations led by information technology (28.5%), financials (21.1%), and consumer discretionary (13.5%); the fund maintains minimal exposure to communication services and energy sectors while exhibiting a tilt toward Europe over the U.S. and limiting emerging markets to no more than 20%.
The fund, which commenced operations on June 5, 2019, is managed by Wellington Management Company LLP and offered through The Vanguard Group, Inc., founded in 1975 and headquartered in Malvern, Pennsylvania. It benchmarks against the FTSE All-World Index and features an expense ratio of 0.48%, a minimum initial investment of $50,000 for Admiral Shares, and an annual turnover rate of approximately 33%. Geographically, the fund allocates across developed and emerging markets, with recent market weightings including the United States (57.8%), Netherlands (10.6%), France (7.8%), Japan (6.6%), and others such as Taiwan, Spain, the United Kingdom, Hong Kong, and Singapore.
In recent developments, the fund underwent a seamless management transition following the retirement of co-manager Mark Mandel in June 2025, with Samuel Cox elevated as his successor in January 2024 after an 18-month overlap period alongside continuing co-manager Yolanda Courtines, who has led since inception; this succession leverages Wellington's resources, including over 50 global industry analysts and a 40-person sustainable investment team. Vanguard, the fund's sponsor, implemented its largest fee reductions in early 2025 at an estimated cost of $350 million, established a dedicated advice and wealth management division, and launched low-cost bond ETFs while entering private assets collaborations with Wellington and Blackstone. Total net assets stood at approximately $1.5 billion as of late 2025, reflecting steady growth in a category focused on global large-stock blend strategies.