VHVG

Vanguard FTSE Developed World UCITS ETF (Acc) (VHVG) seeks to track the FTSE Developed Index by physically holding a representative sample of large- and mid-cap companies in developed markets. The accumulating share class reinvests dividends and the portfolio is broadly diversified across roughly 1,996 securities, but is heavily weighted to the United States (about two thirds of assets) and large-cap technology names which materially influence performance. Returns therefore reflect the performance of developed-market equities, led by US growth-oriented sectors and multinational corporations. This ETF is appropriate as a low-cost core holding for exposure to developed-world large- and mid-cap equities. Performance is driven by global economic growth, corporate earnings and currency moves, while the main risks are equity market volatility, concentration in US and large-cap tech stocks, and tracking error relative to the FTSE Developed Index. Investors often pair it with emerging-market exposure to achieve fuller global coverage.

Top holdings:

• NVIDIA Corp (NVDA): 4.62%
• Apple Inc (AAPL): 4.29%
• Microsoft Corp (MSFT): 3.24%
• Amazon.com Inc (AMZN): 2.24%
• Alphabet Inc (Class A) (GOOGL): 2.02%
• Broadcom Inc (AVGO): 1.64%
• Alphabet Inc (Class C) (GOOG): 1.64%
• Meta Platforms Inc (META): 1.58%