FTSE Emerging Markets ETF (VWO)

Also available as a 

mutual fund.

Indexed to FTSE Emerging Index

  Fact sheet (12/31/2013)

Total returns

Expense ratio 0.15%
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View as:
as of
Expense ratio 0.15%
View as:
as of 
  Recent returns Average annual
15%
10
5
0
-5%
 
 
 
 
 
 
  Quarter-end Year-to-date 1 year 3 year 5 year 10 year Since inception

03/04/2005

VWO (Market price) 
– 1.12% – 1.12% – 2.55% – 3.62% 13.88% 7.84%
VWO (NAV)  – 0.35% – 0.35% – 2.80% – 3.51% 13.90% 7.85%
Benchmark

Spliced Emerging Markets Index

*
– 0.13% – 0.13% – 2.65% – 3.33% 14.15%
+/–  Benchmark

The difference in a fund's non-fee adjusted return versus an identified benchmark or peer group.

– 0.22% – 0.22% – 0.15% – 0.18% – 0.25%
Difference due to fair value pricing

In order to determine the performance of the fund prior to adjustments for fair value pricing, simply subtract the Difference due to fair value pricing figure from the NAV performance figure. For example, by subtracting -0.09% from 18.23%, we arrive at a performance figure of 18.32% [18.23% - (-0.09%) = 18.32%].

– 0.12% – 0.12% – 0.02% 0.03% – 0.02%

* Select Emerging Markets Index through August 23, 2006; MSCI Emerging Markets Index through January 9, 2013; FTSE Emerging Transition Index through June 27, 2013; and FTSE Emerging Index thereafter.

Performance analysis

Select time:

Showing 03/31/2013–03/31/2014

  NAV total return

Total return accounts for two categories of return: income and capital appreciation. Income includes interest paid by fixed-income investments, distributions or dividends. Capital appreciation represents the change in the market price of an asset.

NAV capital return

Portion of a fund's return attributable to a fluctuation of its Net Asset Value (NAV).

NAV income return

Income return is the portion of total return that results from a periodic cash flow such as dividends.

Market price return

The price at which a security trades in the secondary market. The market price is determined by the midpoint between the bid and asked prices as of the closing time of the New York Stock Exchange (typically 4 p.m., Eastern time) on business days.

VWO $97,200.34
– 2.8%
$94,328.22
– 5.7%
$102,996.10
3.0%
$97,454.39
– 2.5%
VWO
NAV total return

Total return accounts for two categories of return: income and capital appreciation. Income includes interest paid by fixed-income investments, distributions or dividends. Capital appreciation represents the change in the market price of an asset.

NAV capital return

Portion of a fund's return attributable to a fluctuation of its Net Asset Value (NAV).

$97,200.34
– 2.8%
$94,328.22
– 5.7%
NAV income return

Income return is the portion of total return that results from a periodic cash flow such as dividends.

Market price return

The price at which a security trades in the secondary market. The market price is determined by the midpoint between the bid and asked prices as of the closing time of the New York Stock Exchange (typically 4 p.m., Eastern time) on business days.

$102,996.10
3.0%
$97,454.39
– 2.5%

03/04/2005

Risk and volatility

as of 03/31/2014
Display:
as of 03/31/2014
  R-squared

A measure of how much of a portfolio's performance can be explained by the returns from the overall market (or a benchmark index). If a portfolio's total return precisely matched that of the overall market or benchmark, its R-squared would be 1.00. If a portfolio's return bore no relationship to the market's returns, its R-squared would be 0. At Vanguard, R-squared is based on returns over the past 36 months for both the fund and the index.

Beta

A measure of the magnitude of a portfolio's past share-price fluctuations in relation to the ups and downs of the overall market (or appropriate market index). The market (or index) is assigned a beta of 1.00, so a portfolio with a beta of 1.20 would have seen its share price rise or fall by 12% when the overall market rose or fell by 10%. At Vanguard, beta is based on returns over the past 36 months for both the fund and the index.

Alpha

A measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund's alpha.

Standard deviation

A measure of the degree to which a fund's return varies from its previous returns or from the average of all similar funds. The larger the standard deviation, the greater the likelihood (and risk) that a security's performance will fluctuate from the average return.

Sharpe ratio

A measure of risk-adjusted return. To calculate a Sharpe ratio, an asset's excess returns (its return in excess of the return generated by risk-free assets such as Treasury bills) is divided by the asset's standard deviation.

VWO N/A N/A – 0.02 20.00% – 0.19
Primary benchmark

Spliced Emerging Markets Index

*
0.98 1.01 N/A 19.66% – 0.17
Broad-based benchmark

FTSE Global All Cap ex US Index

0.90 1.11 N/A 17.03% 0.25

Risk and volatility are based on the share class with the earliest inception date.


Risk and volatility information is not available for a fund less than 3 years old.


* Select Emerging Markets Index through August 23, 2006; MSCI Emerging Markets Index through January 9, 2013; FTSE Emerging Transition Index through June 27, 2013; and FTSE Emerging Index thereafter.

Quarterly commentary

Log on to read this brief review of the factors that affected the fund's performance, including economic conditions, sector influences, as well as sector and style weightings. Lock icon


The performance data shown represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited.
The portfolio attribution data shown above is provided by FactSet based on information provided by Vanguard about the fund's daily portfolio holdings as of the market close. Because the fund buys and sells stocks throughout the trading day and not necessarily at the market close, the attribution data shown above is an estimate, and may not precisely reflect actual attribution information. Information noted above does not reflect fair value adjustments to prices of foreign securities held in the portfolio.
Performance data for periods of less than one year does not reflect the deduction of purchase and redemption fees. Maintenance, low balance, and service fees may be assessed by some funds. None of these fees are reflected in the performance figures. If these fees were included, the performance would be lower. All other performance data are adjusted for purchase and redemption fees, where applicable. Click Overview to view expense ratio and additional fee details.
Foreign security values are typically determined using either the latest quoted sales price or the latest closing price calculated according to local market convention. If events occur after the close of the securities markets on which such securities are primarily traded which materially affect the value of each fund's investments, then fair value prices are determined by Vanguard according to procedures adopted by the board of trustees. When fair-value pricing is employed, the prices of securities used by a fund to calculate its NAV may differ from quoted or published prices for the same securities.
Short-term total return information is provided only as a service. Historical performance is no guarantee of future returns, particularly when reviewing short-term performance. Share price, yield, and return on an actual investment will fluctuate, and you may have a gain or loss when you sell your shares. Average annual returns include changes in share price and reinvestment of dividends and capital gains.
The performance of an index is not an exact representation of any particular investment, as you cannot invest directly in an index. Benchmark comparative indexes represent unmanaged or average returns on various financial assets, which can be compared with funds' total returns for the purpose of measuring relative performance.

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