Vanguard Tax-Managed Funds - Vanguard FTSE Developed Markets ETF
US ˙ ARCA ˙ US9219438580

SecurityVEA / Vanguard Tax-Managed Funds - Vanguard FTSE Developed Markets ETF
InstitutionValmark Advisers, Inc.
Latest Disclosed Ownership12,151,204 shares
Latest Disclosed Value $ 778,649,150
Valmark Advisers, Inc. reports 1.85% increase in ownership of VEA / Vanguard Tax-Managed Funds - Vanguard FTSE Developed Markets ETF

On May 1, 2026 - Valmark Advisers, Inc. filed a 13F-HR form disclosing ownership of 12,151,204 shares of Vanguard Tax-Managed Funds - Vanguard FTSE Developed Markets ETF (US:VEA) valued at $778,649,152 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 11,930,938 shares of Vanguard Tax-Managed Funds - Vanguard FTSE Developed Markets ETF. This represents a change in shares of 1.85% during the quarter. The current value of the position is $872,942,495 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-01 2026-03-31 13F VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 12,151,204 220,266 1.85 778,649 4.47 9.2504
2026-01-26 2025-12-31 13F VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 11,930,938 174,623 1.49 745,326 5.80 9.1849
2025-10-24 2025-09-30 13F VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 11,756,315 293,718 2.56 704,438 7.80 9.1019
2025-07-23 2025-06-30 13F VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 11,462,597 -277,590 -2.36 653,483 9.51 9.0938
2025-04-23 2025-03-31 13F VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 11,740,187 96,198 0.83 596,754 7.17 9.0014
2025-01-30 2024-12-31 13F VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 11,643,989 659,713 6.01 556,816 -4.01 8.6241
2024-10-25 2024-09-30 13F VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 10,984,276 217,490 2.02 580,080 9.02 9.0633
2024-08-01 2024-06-30 13F VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 10,766,786 154,914 1.46 532,095 -0.06 9.0307
2024-05-06 2024-03-31 13F VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 10,611,872 210,207 2.02 532,398 6.86 9.2610
2024-02-02 2023-12-31 13F VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 10,401,665 347,846 3.46 498,240 13.35 9.3260
2023-11-08 2023-09-30 13F VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 10,053,819 242,999 2.48 439,553 -2.98 9.1200
2023-08-03 2023-06-30 13F VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 9,810,820 210,309 2.19 453,064 4.48 9.2170
2023-05-02 2023-03-31 13F VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 9,600,511 124,326 1.31 433,655 9.04 9.3372
2023-02-07 2022-12-31 13F VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 9,476,185 -3,679,364 -27.97 397,716 -16.85 9.1774
2022-11-03 2022-09-30 13F VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 13,155,549 608,735 4.85 478,336 -6.56 9.6252
2022-08-01 2022-06-30 13F VANGUARD TAX-MANAGED INTL FD VAN FTSE DEV MKT 921943858 12,546,814 803,061 6.84 511,910 -9.24 9.9350
2022-05-10 2022-03-31 13F VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 921943858 11,743,753 217,812 1.89 564,052 -4.16 9.9343
2022-02-02 2021-12-31 13F VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 921943858 11,525,941 406,474 3.66 588,515 4.83 10.1414
2021-11-09 2021-09-30 13F VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 921943858 11,119,467 127,584 1.16 561,422 -0.86 10.2769
2021-08-06 2021-06-30 13F VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 921943858 10,991,883 -11,806 -0.11 566,302 4.79 10.3697
2021-05-04 2021-03-31 13F VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 921943858 11,003,689 -23,704 -0.21 540,391 3.80 10.4179
2021-02-03 2020-12-31 13F VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 921943858 11,027,393 -450,985 -3.93 520,603 10.89 10.5929
2020-11-09 2020-09-30 13F VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 921943858 11,478,378 -330,338 -2.80 469,466 2.49 10.6629
2020-07-31 2020-06-30 13F VANGUARD TAX-MANAGED FDS FTSE DEV MKT ETF 921943858 11,808,716 -645,553 -5.18 458,060 10.32 10.7734
2020-05-01 2020-03-31 13F VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 921943858 12,454,269 1,300,437 11.66 415,225 -15.51 10.8397
2020-01-31 2019-12-31 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 11,153,832 -466,422 -4.01 491,438 2.95 10.6627
2019-11-06 2019-09-30 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 11,620,254 -125,908 -1.07 477,360 -2.57 10.6021
2019-08-07 2019-06-30 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 11,746,162 -81,796 -0.69 489,932 1.35 10.7562
2019-05-10 2019-03-31 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 11,827,958 11,735,488 12,691.13 483,409 13,989.45 10.7676
2019-02-07 2018-12-31 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 92,470 22,930 32.97 3,431 14.02 0.0823
2018-11-02 2018-09-30 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 69,540 646 0.94 3,009 1.79 0.0659
2018-08-07 2018-06-30 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 68,894 1,911 2.85 2,956 -0.27 0.0654
2018-05-07 2018-03-31 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 66,983 3,806 6.02 2,964 4.59 0.0649
2018-02-09 2017-12-31 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 63,177 22,772 56.36 2,834 61.57 0.0608
2017-11-06 2017-09-30 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 40,405 1,108 2.82 1,754 8.00 0.0410
2017-07-31 2017-06-30 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 39,297 694 1.80 1,624 7.05 0.0391
2017-05-08 2017-03-31 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 38,603 -7,439 -16.16 1,517 -9.81 0.0372
2017-01-23 2016-12-31 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 46,042 5,481 13.51 1,682 10.88 0.0425
2016-11-04 2016-09-30 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 40,561 -3,723 -8.41 1,517 -3.13 0.0379
2016-08-15 2016-06-30 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 44,284 592 1.35 1,566 -0.13 0.0394
2016-05-10 2016-03-31 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 43,692 -44,427 -50.42 1,568 -51.55 0.0393
2016-02-02 2015-12-31 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 88,119 64,824 278.27 3,236 289.88 0.0831
2015-11-10 2015-09-30 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 23,295 0 0.00 830 -10.17 0.0201
2015-07-24 2015-06-30 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 23,295 -3,035 -11.53 924 -11.92 0.0210
2015-05-05 2015-03-31 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 26,330 -20,002 -43.17 1,049 -40.23 0.0240
2015-02-06 2014-12-31 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 46,332 22,658 95.71 1,755 86.50 0.0409
2014-11-06 2014-09-30 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 23,674 0 0.00 941 -6.65 0.0225
2014-07-28 2014-06-30 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 23,674 0 0.00 1,008 3.17 0.0242
2014-04-04 2014-03-31 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 23,674 0 0.00 977 -1.01 0.0251
2014-01-31 2013-12-31 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 23,674 -38 -0.16 987 5.11 0.0271
2013-11-08 2013-09-30 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 23,712 0 0.00 939 11.26 0.0289
2013-08-05 2013-06-30 13F VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 23,712 23,712 844 0.0296
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.