Total World Stock ETF (VT)

Also available as a 

mutual fund.

Indexed to FTSE Global All Cap Index

  Fact sheet (12/31/2013)

Summary of this fund

Vanguard Total World Stock ETF seeks to track the performance of a benchmark index that measures the investment return of global stocks.

Investment approach

  • Seeks to track the performance of the FTSE Global All Cap Index.
  • Passively managed, using index sampling.
  • Fund remains fully invested.
  • Broad exposure across developed and emerging equity markets around the world, including the United States.
  • Low expenses minimize net tracking error.

About the benchmark

  • The FTSE Global All Cap Index measures the market performance of large-, mid- and small-capitalization stocks of companies located around the world.
  • Includes approximately 8,000 holdings in over 47 countries, including both developed and emerging markets.
  • Covers more than 98% of the global investable market capitalization.

PRICE AND DISTRIBUTIONS

Price and distributions

as of 04/22/2014

Market price

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.

Change $/%
$59.98
$0.22 positive change   0.36%
NAV

The market value of a mutual fund's total assets, minus liabilities, divided by the number of shares outstanding. The value of a single share is called its share value or share price.

Change $/%
$60.02
$0.30 positive change   0.50%
Dividend yield

The annual rate of return on a share of stock, determined by dividing the annual dividend by its current share price. In a stock mutual fund, this figure represents the average dividend yield of the stocks held by the fund.

2.40%

KEY FUND FACTS

Key fund facts

Expense ratio
0.18% as of 02/27/2014
Lipper peer average
expense ratio
1.44% as of 12/31/2013
Designation
International World Stock
Inception on
06/24/2008
Total net assets

This represents the total net assets for all share classes of Vanguard's U.S. funds that share the same investment strategy, management and holdings, but does not include any collective trusts sharing the same investment mandate.

$5.0 billion as of 03/31/2014
Net assets for
VT
 
$3.3 billion as of 03/31/2014
Holdings 
6,161 as of 03/31/2014
Management style
Index
Benchmark
FTSE Global All Cap Index
Turnover rate 
 11.80%(Fiscal year-end  10/31/2013)

TRADING

Trading

IOV:

Intraday Optimized Value Ticker
Intraday Optimized Value (IOV), also known as the Intraday Indicative Value (IIV), is the calculated per share price of the ETF which is published every 15 seconds based on the last sale price of each of the underlying securities in the portfolio basket, plus any estimated cash amounts associated with the creation unit.

VT.IV
Outstanding shares:
54,867,041 as of 03/31/2014
ETF exchange:
NYSE Arca

STYLEBOX

Stylebox

Stock
Diversified index portfolio of international and U.S. stocks.



Expected range
Central tendency

About our styleboxes  

Objective

Vanguard Total World Stock ETF seeks to track the performance of a benchmark index that measures the investment return of global stocks.

Investment approach

  • Seeks to track the performance of the FTSE Global All Cap Index.
  • Passively managed, using index sampling.
  • Fund remains fully invested.
  • Broad exposure across developed and emerging equity markets around the world, including the United States.
  • Low expenses minimize net tracking error.

About the benchmark

  • The FTSE Global All Cap Index measures the market performance of large-, mid- and small-capitalization stocks of companies located around the world.
  • Includes approximately 8,000 holdings in over 47 countries, including both developed and emerging markets.
  • Covers more than 98% of the global investable market capitalization.

Total returns

as of 03/31/2014

View as:

as of 03/31/2014

View as:
20%
15
10
5
0%
 
 
 
 
  YTD 1 year 5 year 10 year Since inception

06/24/2008

Market price  1.07% 17.00% 18.13% 5.28%
NAV 
1.40% 17.27% 18.18% 5.30%
Benchmark

Spliced Total World Stock Index

*
1.43% 17.53% 18.35%

* Consists of the FTSE All-World Index through December 18, 2011, and the FTSE Global All Cap Index thereafter.

The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so 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.


Regional exposure as of 03/31/2014

 as of 03/31/2014
  Region  VT Benchmark

FTSE Global All Cap Index

+/- Weight
Europe 24.0% 24.0% 0.0%
Pacific 13.9% 13.9% 0.0%
Emerging Markets 8.9% 9.0% – 0.1%
North America 53.0% 52.9% 0.1%
Middle East 0.2% 0.2% 0.0%
0%
55%
Total 100.0% 100.0%  

Top 10 countries as of 03/31/2014

 as of 03/31/2014
Country Region VT Benchmark

FTSE Global All Cap Index

+/- Weight
United States North America 49.4% 49.3% 0.1%
United Kingdom Europe 7.8% 7.8% 0.0%
Japan Pacific 7.6% 7.6% 0.0%
Canada North America 3.6% 3.6% 0.0%
France Europe 3.3% 3.3% 0.0%
Germany Europe 3.2% 3.2% 0.0%
Switzerland Europe 3.2% 3.2% 0.0%
Australia Pacific 2.8% 2.8% 0.0%
China Emerging Markets 1.8% 1.8% 0.0%
Korea Pacific 1.6% 1.6% 0.0%
Top 10 equals 84.3% of stock

Country diversification details  

Sector weightings as of 03/31/2014

as of 03/31/2014
  Sector  VT Benchmark

FTSE Global All Cap Index

+/- Weight
Financials 22.2% 22.2% 0.0%
Industrials 13.8% 13.7% 0.1%
Consumer Goods 12.6% 12.6% 0.0%
Consumer Services 10.5% 10.6% – 0.1%
Technology 10.0% 9.9% 0.1%
Health Care 9.6% 9.6% 0.0%
Oil & Gas 8.8% 8.8% 0.0%
Basic Materials 5.8% 5.8% 0.0%
Utilities 3.4% 3.4% 0.0%
Telecommunications 3.3% 3.4% – 0.1%
Other 0.0% 0.0% 0.0%
0%
25%
Total 100.0% 100.0%

Sector categories are based on the Industry Classification Benchmark system.

Top 10 holdings as of 03/31/2014

 as of 03/31/2014
Rank Holding
1 Apple Inc.
2 Exxon Mobil Corp.
3 Google Inc.
4 Microsoft Corp.
5 Johnson & Johnson
6 Wells Fargo & Co.
7 General Electric Co.
8 Nestle SA
9 Royal Dutch Shell plc
10 JPMorgan Chase & Co.
Top 10 equals 7.2% of net assets

Portfolio holdings may exclude any temporary cash investments and equity index products.

Holdings policy for this fund  

Fundamentals

Stockas of 03/31/2014 VT Benchmark

FTSE Global All Cap Index

Number of stocks 6,161 7,436
Median market cap $34.2 billion $33.9 billion
P/E ratio 18.3x 18.1x
P/B ratio 2.0x 2.0x
Turnover rate 11.8% Fiscal year end 10/2013 N/A
% Emerging 8.90% 9.00%
% Developed 91.10% 91.00%

Risk and volatility as of 03/31/2014

as of 03/31/2014
  VT Benchmark

Spliced Total World Stock Index

R-squared N/A 0.99
Beta N/A 1.00
Alpha 0.00 N/A
Standard deviation 14.71% 14.65%
Sharpe ratio 0.61 0.61

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

Risk measures are calculated from trailing 36-month fund returns relative to the associated benchmarks.

An investment in the fund could lose money over short or even long periods. You should expect the fund’s share price and total return to fluctuate within a wide range, like the fluctuations of the overall stock market. Although Total World Stock ETF is listed for trading on the NYSE Arca, it is possible that an active trading market may not be maintained. Trading of  Total World Stock ETF on the NYSE Arca may be halted if NYSE Arca officials deem such action appropriate, if Total World Stock ETFs are delisted from the NYSE Arca, or if the activation of marketwide “circuit breakers” halts stock trading generally. The fund’s performance could be hurt by:

  • Stock market risk: The chance that stock prices overall will decline. Stock markets tend to move in cycles, with periods of rising stock prices and periods of falling stock prices. The fund’s investments in foreign stock markets can be riskier than U.S. stock investments. The prices of foreign stocks and the prices of U.S. stocks have, at times, moved in opposite directions. In addition, the fund’s target index may, at times, become focused in stocks of a particular sector, category, or group of companies.
  • Country/Regional risk: The chance that world events—such as political upheaval, financial troubles, or natural disasters—will adversely affect the value of securities issued by companies in foreign countries or regions. Country/regional risk is especially high in emerging markets. The index’s, and therefore the fund’s, heavy exposure to China, Brazil, South Korea, and Taiwan subjects the fund to a higher degree of country risk than that of more geographically diversified international funds.
  • Emerging markets risk: The chance the stocks of companies located in emerging markets will be substantially more volatile, and substantially less liquid, than the stocks of companies located in more developed foreign markets.
  • Currency risk: The chance that the value of a foreign investment, measured in U.S. dollars, will decrease because of unfavorable changes in currency exchange rates.
  • Index sampling risk: The chance that the securities selected for the fund, in the aggregate, will not provide investment performance matching that of the index. Index sampling risk for the fund should be low.




Vanguard ETF Shares can be bought and sold only through a broker (who may charge a commission) and cannot be redeemed with the issuing fund. The market price of Vanguard ETF Shares may be more or less than net asset value. Investments are subject to market risk. Go to the performance page to read more about risk and volatility.

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