Vanguard International Dividend Appreciation Index Fund Admiral Shares
VIAAX
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
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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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
- PO Box 2600 Valley Forge PA United States of America 19482
- IPO Date
- Mar 7, 2016
- CIK
- 0001004655
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard International Dividend Appreciation Index Fund Admiral Shares (VIAAX) is an open-end mutual fund that seeks to track the performance of the S&P Global Ex-U.S. Dividend Growers Index, focusing on common stocks of high-quality, non-U.S. companies in developed and emerging markets that have increased regular cash dividend payments for at least seven consecutive years. The fund invests primarily in large- and mid-cap stocks selected from the S&P Global ex-U.S. Broad Market Index, excluding REITs and bankrupt firms; it eliminates the top 25% highest-yielding names (or 15% for existing constituents) to avoid distressed issuers, weights holdings by free-float-adjusted market cap with a 4% individual cap, and rebalances annually in March. Top holdings include Royal Bank of Canada, Novartis AG, Mitsubishi UFJ Financial Group Inc., Sony Group Corp., SAP SE, Roche Holding AG, Nestle SA, Schneider Electric SE, Hitachi Ltd., and Novo Nordisk AS Class B, representing approximately 34.5% of assets, with sector emphases in financial services, healthcare, technology, consumer defensive, and industrials. The Admiral Shares class features a low net expense ratio of 0.16%, a minimum initial investment of $3,000, daily pricing, a 0.25% maximum redemption fee, and a trailing 12-month yield of around 1.85%, with total net assets exceeding $9 billion. Launched on March 2, 2016, and domiciled in the United States, VIAAX operates globally through its index-tracking strategy, providing U.S. investors exposure to international equities across regions like Europe, Japan, Canada, and select emerging markets, with minimal U.S. stock or bond allocations. The fund is managed by Vanguard's equity index group, including Michael Perre since February 2016 and Scott Geiger since July 2021, leveraging advanced trading technology and risk management for low turnover of about 18%. Recent developments include a significant reduction in emerging markets exposure from 25% in 2021 to 7% as of September 2025, driven by cuts to Chinese and Indian stocks amid eligibility changes under the index methodology, enhancing focus on more stable developed-market holdings. Vanguard, the fund's sponsor, implemented its largest fee cuts in early 2025 at an estimated cost of $350 million across products, launched multiple low-cost bond ETFs, and formed a private assets collaboration with Wellington and Blackstone, while establishing a dedicated advice and wealth management division amid robust asset inflows rivaling BlackRock. These strategic shifts underscore Vanguard's ongoing emphasis on cost efficiency and scalable index replication for VIAAX shareholders.