Vanguard Emerging Markets Stock Index ETF (VWO)

The Vanguard Emerging Markets Stock Index ETF (VWO) started trading in March 2005. The ETF tracks the MSCI Emerging Markets Index, minus expenses and fees. VWO takes a sampling approach to tracking the index.

The MSCI Emerging Markets Index measures the performance of around 85% of the publicly available emerging market capitalization. It is market capitalization weighted and reviewed quarterly.

The ETF is passively managed, with an expense ratio of 0.25%. The fund's most recent annual turnover rate was 9%.

Although this is subject to change, VWO pays an annual dividend in December.

As of July 2008, the Vanguard Emerging Markets Stock Index ETF held 822 stocks. The following is a country breakdown, along with the ETF's top 25 holdings.