FTSE Emerging Markets ETF (VWO)

Also available as a 

mutual fund.

portfolio.Content-187 FTSE Emerging Index

  Fact sheet (12/31/2013)

Characteristics

Stylebox

Vanguard style view is not available. This fund is not accurately defined by style, either because of the fund's investment mandate, or asset class.

Market capitalization
as of 03/31/2014

  VWO Benchmark

FTSE Emerging Index

+/- Weight
Large 15.5% 16.9% – 1.4%
Medium/Large 19.7% 18.5% 1.2%
Medium 27.4% 27.0% 0.4%
Medium/Small 24.0% 24.0% 0.0%
Small 13.4% 13.6% – 0.2%
Total 100.0% 100.0%  

More information about market capitalization  


Fundamentals
as of 03/31/2014

  VWO Benchmark

FTSE Emerging Index

+/- Weight
Number of stocks 961 889 72
Median market cap $16.9 billion $16.8 billion $0.1 billion
% Emerging 100.00% 100.00% 0.00%
% Developed 0.00% 0.00% 0.00%
  VWO Benchmark

FTSE Emerging Index

Earnings growth rate 12.7% 12.5%
Short-term reserves 0.03% N/A
% of ADR/GDR (as of 03/31/2014) 9.57% N/A
P/E ratio 13.6x 12.9x
P/B ratio 1.7x 1.7x
Turnover rate (Fiscal year-end 10/31/2013) 26.0% N/A
Return on equity 18.6% 18.5%
Foreign holdings 99.48% N/A

Composition

Asset class:
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Holdings
 
% of funds*
 
Sector
 
Country
 
Type
 
Market value
 
Shares
 
Tencent Holdings Ltd. (700) 1.94% Internet CN $1,130,188,797 16,191,772
Taiwan Semiconductor Manufacturing Co. Ltd. (2330) 1.61% Semiconductors TW $938,915,361 238,633,845
China Construction Bank Corp. (939) 1.53% Banks CN $893,008,629 1,272,197,913
China Mobile Ltd. (941) 1.45% Mobile Telecommunications CN $842,920,328 91,807,067
Industrial & Commercial Bank of China Ltd. (1398) 1.34% Banks CN $783,304,487 1,270,608,003
Naspers Ltd. (NPN) 1.30% Broadcasting & Entertainment ZA $759,169,811 6,889,456
Taiwan Semiconductor Manufacturing Co. Ltd. ADR (TSM) 1.26% Semiconductors TW ADR $737,614,618 36,843,887
MTN Group Ltd. (MTN) 1.11% Mobile Telecommunications ZA $645,742,671 31,550,493
Bank of China Ltd. (3988) 1.01% Banks CN $589,729,444 1,327,403,177
Hon Hai Precision Industry Co. Ltd. (2317) 0.97% Electrical Components & Equipment TW $565,020,744 198,968,645
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Holdings policy for this fund  

Sector categories are based on the Industry Classification Benchmark system.

Percentages may not add up to 100%. SEC regulations allow us to withhold a certain amount of holdings as proprietary information.

People and process

Firms

Vanguard Equity Investment Group

Product management

Vanguard FTSE Emerging Markets ETF seeks to track the investment performance of the FTSE Emerging Index. FTSE Emerging Markets ETF is an exchange-traded share class of Vanguard Emerging Markets Stock Index Fund. The fund invests substantially all (normally about 95%) of its assets in the common stocks of the index, while employing a form of sampling to reduce risk. The FTSE Emerging Index is a market-capitalization weighted index representing the performance of large and mid cap companies in emerging markets such as Brazil, Russia, India, Taiwan, and China. The experience and stability of Vanguard’s Equity Investment Group have permitted continuous refinement of techniques for reducing tracking error. The group uses proprietary software to implement trading decisions that accommodate cash flow and maintain close correlation with index characteristics. Vanguard’s refined indexing process, combined with low management fees and efficient trading, has provided tight tracking, net of expenses.

Vanguard Equity Investment Group

Firm description

Launched in 1975, The Vanguard Group, Malvern, Pennsylvania, is among the world’s largest equity and fixed income managers. As chief investment officer and managing director, Mortimer J. Buckley oversees Vanguard’s Equity Investment and Fixed Income Groups. Joseph Brennan, CFA, Principal of Vanguard and head of Vanguard’s Equity Index Group, has oversight responsibility for all equity index funds managed by the Equity Investment Group. John Ameriks, Ph.D., Principal of Vanguard and head of Vanguard’s Active Equity Group, has oversight responsibility for all active equity funds managed by the Equity Investment Group. The Equity Investment Group manages indexed and structured equity portfolios covering U.S. and international markets. It has developed sophisticated portfolio construction methodologies and efficient trading strategies that seek to deliver returns that are highly correlated with target portfolio benchmarks. The group has advised Vanguard FTSE Emerging Markets ETF since 2005.

Investment Manager Biography

Michael Perre, Principal

  • Portfolio manager.
  • Advised the fund since 2008.
  • Worked in investment management since 1990.
  • B.A., Saint Joseph’s University.
  • M.B.A., Villanova University.

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