Vanguard FTSE Developed World ex-U.K. Equity Index Fund Institutional Plus GBP Acc

Vanguard FTSE Dev World ex-UK Eq Idx Fd is a passive index fund that owns a broad basket of large‑ and mid‑cap stocks from developed markets worldwide except the United Kingdom; it aims to replicate the FTSE Developed ex‑UK Index by holding the same companies in the same free‑float, market‑capitalisation weights (so bigger publicly traded companies have bigger weights) and thus covers the vast majority of the investable developed‑market equity universe. The fund generally stays fully invested in those index constituents (only holding small cash amounts) and may use derivatives occasionally to reduce costs or manage risk.