Vanguard International Equity Index Funds - Vanguard FTSE Emerging Markets ETF
US ˙ ARCA ˙ US9220428588

SecurityVWO / Vanguard International Equity Index Funds - Vanguard FTSE Emerging Markets ETF
InstitutionLevel Four Advisory Services, Llc
Latest Disclosed Ownership11,952 shares
Latest Disclosed Value $ 646,051
Level Four Advisory Services, Llc reports 23.27% increase in ownership of VWO / Vanguard International Equity Index Funds - Vanguard FTSE Emerging Markets ETF

On May 14, 2026 - Level Four Advisory Services, Llc filed a 13F-HR form disclosing ownership of 11,952 shares of Vanguard International Equity Index Funds - Vanguard FTSE Emerging Markets ETF (US:VWO) valued at $646,006 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 9,696 shares of Vanguard International Equity Index Funds - Vanguard FTSE Emerging Markets ETF. This represents a change in shares of 23.27% during the quarter. The current value of the position is $720,825 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)
2026-05-14 2026-03-31 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 11,952 2,256 23.27 646 23.99 0.0212
2026-02-13 2025-12-31 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 9,696 2,307 31.22 521 30.25 0.0171
2025-11-12 2025-09-30 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 7,389 268 3.76 400 13.64 0.0137
2025-08-13 2025-06-30 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 7,121 180 2.59 352 12.10 0.0130
2025-05-14 2025-03-31 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 6,941 -1,120 -13.89 314 -11.55 0.0129
2025-02-12 2024-12-31 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 8,061 -672 -7.69 355 -12.56 0.0145
2024-11-14 2024-09-30 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 8,733 -435 -4.74 407 1.25 0.0171
2024-08-09 2024-06-30 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 9,168 -6,164 -40.20 401 -36.35 0.0181
2024-05-13 2024-03-31 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 15,332 0 0.00 630 0.00 0.0346
2024-02-08 2023-12-31 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 15,332 -196 -1.26 630 3.62 0.0354
2023-11-13 2023-09-30 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 15,528 190 1.24 609 -2.41 0.0393
2023-07-10 2023-06-30 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 15,338 -486 -3.07 624 -2.50 0.0375
2023-06-05 2023-03-31 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 15,824 1,981 14.31 639 18.55 0.0419
2023-02-13 2022-12-31 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 13,843 -6,651 -32.45 540 -27.94 0.0401
2022-11-07 2022-09-30 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 20,494 -1,719 -7.74 748 -19.14 0.0727
2022-08-08 2022-06-30 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 22,213 930 4.37 925 -5.80 0.0872
2022-05-10 2022-03-31 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 21,283 -1,090 -4.87 982 -11.29 0.0769
2022-02-11 2021-12-31 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 22,373 14,893 199.10 1,107 195.99 0.0844
2021-10-12 2021-09-30 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 7,480 -4,008 -34.89 374 -40.06 0.0389
2021-08-09 2021-06-30 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 11,488 -1,494 -11.51 624 -7.69 0.0431
2021-05-10 2021-03-31 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 12,982 604 4.88 676 9.03 0.0525
2021-02-10 2020-12-31 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 12,378 1,389 12.64 620 30.53 0.0498
2020-11-02 2020-09-30 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 10,989 -49,613 -81.87 475 -80.26 0.0366
2020-08-17 2020-06-30 13F/A-1 VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 60,602 28,058 86.22 2,406 120.33 0.1861
2020-05-13 2020-03-31 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 32,544 1 0.00 1,092 -24.64 0.1310
2020-02-13 2019-12-31 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 32,543 15,289 88.61 1,449 108.49 0.0574
2019-11-12 2019-09-30 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 17,254 -4,746 -21.57 695 -25.75 0.0719
2019-08-14 2019-06-30 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 22,000 -2,162 -8.95 936 -8.86 0.0945
2019-05-15 2019-03-31 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 24,162 -8,621 -26.30 1,027 -17.77 0.1131
2019-02-07 2018-12-31 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 32,783 -6,355 -16.24 1,249 -22.18 0.1557
2018-11-14 2018-09-30 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 39,138 -30,245 -43.59 1,605 -45.18 0.1735
2018-08-14 2018-06-30 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 69,383 7,549 12.21 2,928 0.79 0.2133
2018-05-14 2018-03-31 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 61,834 10,323 20.04 2,905 22.83 0.2252
2018-02-13 2017-12-31 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 51,511 3,116 6.44 2,365 12.14 0.1840
2018-04-03 2017-09-30 13F/A-1 VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 48,395 8,843 22.36 2,109 33.14 0.1870
2017-11-15 2017-09-30 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 47,252 7,700 2,086
2017-09-20 2017-06-30 13F/A-1 VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 39,552 -322 -0.81 1,584 -0.81 0.2439
2017-07-12 2017-06-30 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 39,552 1,584
2017-09-20 2017-03-31 13F/A-1 VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 39,874 27,489 221.95 1,597 260.50 0.1627
2017-05-15 2017-03-31 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 39,874 27,489 1,597
2017-02-14 2016-12-31 13F VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 12,385 12,385 443 0.0565
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.