Vanguard Pacific Stock Index Fund ETF Shares (VPL) is an exchange-traded fund that seeks to track the performance of the FTSE Developed Asia Pacific All Cap Index, a market-capitalization weighted benchmark comprising approximately 2,391 common stocks of large-, mid-, and small-cap companies located in Japan, Australia, South Korea, Hong Kong, Singapore, and New Zealand. The fund employs a passive indexing investment approach designed to replicate the index through full replication, holding all constituent stocks in proportion to their index weights; it offers exposure to diversified sectors including financials (21%), industrials (21%), consumer discretionary (16%), and technology (10%), with top holdings such as Samsung Electronics Co. Ltd., Toyota Motor Corp., and Mitsubishi UFJ Financial Group Inc.. ETF shares trade on NYSE Arca, providing intraday liquidity, while the fund maintains multiple share classes including Admiral Shares and Institutional Shares with expense ratios ranging from 0.07% to 0.23%; as of September 30, 2025, total net assets exceed $11 billion across classes. Launched on March 4, 2005, as part of The Vanguard Group, Inc., headquartered in Malvern, Pennsylvania, the fund targets investors seeking broad developed Asia Pacific equity exposure excluding the United States. Recent developments include a reduction in the ETF share class expense ratio to 0.07% effective February 1, 2025, as part of Vanguard's largest-ever fee cuts across 87 funds, alongside the addition of Nicole Brubaker as co-portfolio manager in February 2025; the fund continues to exhibit low portfolio turnover of approximately 5% and quarterly dividend distributions, such as the 0.6063 USD payout declared for September 2025.