---
ticker: "VEXC"
name: "Vanguard Emerging Markets Ex-China ETF"
url: "https://etf.net/etf/VEXC"
grade: "A"
score: 83
graded_at: "2026-10-12"
category: "Emerging Markets Stocks"
category_rank: "1 of 22"
methodology: "https://etf.net/methodology"
---

# VEXC: Vanguard Emerging Markets Ex-China ETF

Grade **A**, Score 83 of 100. Rank 1 of 22 in Emerging Markets Stocks.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 100 | 1 of 22 |
| Mission | 100 | 1 of 17 |
| Risk | 75 | 1 of 22 |
| Tradability | 65 | 4 of 22 |
| Holdings | 44 | 13 of 19 |
| Durability | 57 | 11 of 22 |

## Top holdings

The fund holds 1017 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | 2330.TW | Taiwan Semiconductor Manufacturing Co Ltd | 23.15% |
| 2 | 2454.TW | MediaTek Inc | 2.30% |
| 3 | 2308.TW | Delta Electronics Inc | 1.42% |
| 4 | 2317.TW | Hon Hai Precision Industry Co Ltd | 1.22% |
| 5 | RELIANCE.BO | Reliance Industries Ltd | 1.14% |
| 6 | HDFCBANK.NS | HDFC Bank Ltd | 1.07% |
| 7 | ICICIBANK.NS | ICICI Bank Ltd | 1.02% |
| 8 | 3711.TW | ASE Technology Holding Co Ltd | 0.77% |
| 9 | BHARTIARTL.NS | Bharti Airtel Ltd | 0.73% |
| 10 | ANG.JO | Anglogold Ashanti Plc | 0.72% |
| 11 | VALE3.SA | Vale SA | 0.67% |
| 12 | — | Al Rajhi Bank | 0.66% |
| 13 | 2383.TW | Elite Material Co Ltd | 0.64% |
| 14 | 2303.TW | United Microelectronics Corp | 0.60% |
| 15 | ITUB4.SA | Itau Unibanco Holding S-Pref | 0.53% |
| 16 | GFI.JO | Gold Fields Ltd | 0.53% |
| 17 | 3037.TW | Unimicron Technology Corp | 0.53% |
| 18 | 2222.SR | Saudi Arabian Oil Co | 0.52% |
| 19 | INFY.NS | Infosys Ltd | 0.51% |
| 20 | PETR4.SA | Petrobras - Petroleo Bras-Pr | 0.50% |
| 21 | GMEXICOB.MX | Grupo Mexico SAB de CV | 0.49% |
| 22 | NPN.JO | Naspers Ltd | 0.48% |
| 23 | 2881.TW | Fubon Financial Holding Co Ltd | 0.48% |
| 24 | 1303.TW | Nan Ya Plastics Corp | 0.48% |
| 25 | PETR3.SA | Petroleo Brasileiro SA - Petrobras | 0.46% |
| 26 | 2891.TW | CTBC Financial Holding Co Ltd | 0.46% |
| 27 | 3017.TW | Asia Vital Components Co Ltd | 0.44% |
| 28 | — | Saudi National Bank/The | 0.42% |
| 29 | 2882.TW | Cathay Financial Holding Co Ltd | 0.42% |
| 30 | OTP.BD | OTP Bank Nyrt | 0.41% |

Source: etf.net, https://etf.net/etf/VEXC. Please cite the page URL.