#	Country	Region	Allocation
1	Brazil	Latin America	15.52%
2	US	Global	10.63%
3	South Korea	Asia-Pacific	9.92%
4	Mexico	North America	7.32%
5	Singapore	Asia-Pacific	7.04%
6	Taiwan	Asia-Pacific	6.68%
7	Malaysia	Asia-Pacific	5.14%
8	Indonesia	Asia-Pacific	4.47%
9	China	Asia-Pacific	3.82%
10	Sweden	Europe	3.80%
11	India	Asia Pacific	3.66%
12	Japan	Asia-Pacific	3.04%
13	Poland	Europe	2.89%
14	British Virgin Islands	Latin America	2.39%
15	Switzerland	Europe	2.09%
16	Greece	EMEA	2.01%
17	Peru	Latin America	1.98%
18	South Africa	Middle East & Africa	1.98%
19	Thailand	Asia-Pacific	1.88%
20	Cayman Islands	Latin America	0.97%

VCESX Mutual Fund Geographic Allocation

VCESX geographic allocation spans Brazil (15.5%), US (10.6%), South Korea (9.9%), Mexico (7.3%), Singapore (7.0%). The fund covers 8 regions.

VCESX country exposure helps investors assess international diversification and geopolitical risk. VCESX sectors alongside geography give a fuller picture of portfolio allocation.