The expense ratio on this fund was recently lowered.
VTPSX Total International Stock Index Fund Institutional Plus Shares
Also available in more share classes , including an ETF
Expense ratio
0.05%
as of 02/28/2025
MANAGEMENT STYLE
Index
Overview
Objective: Total International Stock Index Fund seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in developed and emerging markets, excluding the United States.
Fund facts
YTD RETURNS
-1.92%
as of 04/04/2025
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.
2.80%
as of 02/28/2025
HOLDINGS
8,580
as of 02/28/2025
INCEPTION DATE
11/30/2010
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.
$455.4 B
as of 03/31/2025
NET ASSETS FOR VTPSX
$30.1 B
as of 03/31/2025
TURNOVER RATE
3.40%
October fiscal year-end
CUSIP
921909776
LIPPER PEER AVERAGE
1.21%
Expense ratio 12/31/2024
DESIGNATION
International Large Blend
Benchmark
FTSE Global All Cap ex US Index (TGPVAN17)
MORNINGSTAR RATING
as of 03/31/2025
Foreign Large Blend (651 funds)
Fees & minimums
Large transaction policyPURCHASE FEE A fee charged by some mutual funds when an investor buys shares. This fee is not a sales charge or load because it is paid directly to the fund to offset the costs of trading certain securities.
None
REDEMPTION FEE A fee charged by some mutual funds when an investor sells shares. A redemption fee differs from a back-end load because the money is paid back into the fund. Many funds charge redemption fees only when shares are bought and then sold within a specific period of time, generally in an effort to discourage market-timing and short-term trading. Some brokers also charge their clients redemption fees for the sale of securities.
None
MINIMUM INVESTMENT
$100,000,000
Investment approach
- Seeks to track the performance of the FTSE Global All Cap ex US Index.
- Broad exposure across developed and emerging non-U.S. equity markets.
- Passively managed.
- Fund remains fully invested.
- Low expenses minimize net tracking error.
Management
- Vanguard Equity Index Group
- 78 years of management experience
Benchmark
- The FTSE Global All Cap ex US Index covers 98% of the world’s non-U.S. markets, including markets in the European, Pacific, emerging markets, and North American regions.
- The largest markets represented in the index are Japan, The United Kingdom, Canada, Australia, and France.
Portfolio analytics
Create hypothetical client portfolios and evaluate their potential response to current market conditions. Analyze hypothetical performance and risk statistics, compare two portfolios side-by-side, and more.
Explore analyticsStrategic models
Vanguard strategic model portfolios can simplify your practice, so you have more time to coach clients through the current market downturn.
Explore modelsPerformance
Expense ratio 0.05%
| Month-end | YTD | 1 YEAR | 3 YEAR | 5 YEAR | 10 YEAR | Since inception 11/30/2010 | |
|---|---|---|---|---|---|---|---|
| VTPSX | 0.26% | 5.52% | 6.40% | 4.69% | 11.48% | 5.25% | 5.31% |
| Benchmark Spliced Total International Stock Index 2 | -0.06% | 4.55% | 5.73% | 4.21% | 11.30% | 5.21% | 5.28% |
| +/- Benchmark The difference in a fund's non-fee adjusted return versus an identified benchmark or peer group. | 0.32% | 0.97% | 0.67% | 0.48% | 0.18% | 0.04% | 0.03% |
| 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%] | 0.35% | 0.93% | 0.49% | 0.51% | 0.24% | 0.08% | 0.05% |
Note: Fee adjusted for mutual funds where applicable.
Price & distributions
Closing price
Closing price as of 04/04/2025
NAV For funds with a fluctuating price per share, the net asset value (NAV) is 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.
For money market funds that seek to maintain a stable price per share, the NAV is calculated by valuing securities at amortized cost, which approximates market value.
$123.94
NAV CHANGE
-$7.48 (-5.69%)
52-WEEK HIGH
$140.31
09/26/2024
52-WEEK LOW
$123.94
04/04/2025
52-WEEK DIFFERENCE
$16.37 (13.21%)
Name
VTPSX
DATE
4/4/2025
NAV
$123.94
| DATE | Price |
|---|---|
| 2023-10-09 | $113.79 |
| 2023-10-10 | $115.38 |
| 2023-10-11 | $115.89 |
| 2023-10-12 | $115.06 |
| 2023-10-13 | $114.06 |
| 2023-10-16 | $114.67 |
| 2023-10-17 | $114.72 |
| 2023-10-18 | $112.99 |
| 2023-10-19 | $112.15 |
| 2023-10-20 | $111.00 |
| 2023-10-23 | $110.92 |
| 2023-10-24 | $111.49 |
| 2023-10-25 | $110.62 |
| 2023-10-26 | $109.92 |
| 2023-10-27 | $109.78 |
| 2023-10-30 | $110.88 |
| 2023-10-31 | $110.90 |
| 2023-11-01 | $111.96 |
| 2023-11-02 | $114.14 |
| 2023-11-03 | $115.63 |
| 2023-11-06 | $115.81 |
| 2023-11-07 | $115.14 |
| 2023-11-08 | $114.83 |
| 2023-11-09 | $114.59 |
| 2023-11-10 | $115.11 |
| 2023-11-13 | $115.23 |
| 2023-11-14 | $117.99 |
| 2023-11-15 | $118.39 |
| 2023-11-16 | $117.94 |
| 2023-11-17 | $119.11 |
| 2023-11-20 | $119.87 |
| 2023-11-21 | $119.36 |
| 2023-11-22 | $119.42 |
| 2023-11-24 | $120.03 |
| 2023-11-27 | $119.72 |
| 2023-11-28 | $120.10 |
| 2023-11-29 | $120.16 |
| 2023-11-30 | $120.29 |
| 2023-12-01 | $121.18 |
| 2023-12-04 | $120.29 |
| 2023-12-05 | $119.85 |
| 2023-12-06 | $120.02 |
| 2023-12-07 | $120.51 |
| 2023-12-08 | $120.70 |
| 2023-12-11 | $120.95 |
| 2023-12-12 | $120.95 |
| 2023-12-13 | $122.38 |
| 2023-12-14 | $123.88 |
| 2023-12-15 | $121.28 |
| 2023-12-18 | $121.38 |
| 2023-12-19 | $122.37 |
| 2023-12-20 | $120.98 |
| 2023-12-21 | $122.74 |
| 2023-12-22 | $122.74 |
| 2023-12-26 | $123.20 |
| 2023-12-27 | $124.22 |
| 2023-12-28 | $124.30 |
| 2023-12-29 | $124.53 |
| 2024-01-02 | $123.14 |
| 2024-01-03 | $122.18 |
| 2024-01-04 | $122.44 |
| 2024-01-05 | $122.51 |
| 2024-01-08 | $123.39 |
| 2024-01-09 | $122.37 |
| 2024-01-10 | $122.69 |
| 2024-01-11 | $122.75 |
| 2024-01-12 | $123.18 |
| 2024-01-16 | $121.26 |
| 2024-01-17 | $119.68 |
| 2024-01-18 | $120.58 |
| 2024-01-19 | $121.16 |
| 2024-01-22 | $121.06 |
| 2024-01-23 | $121.18 |
| 2024-01-24 | $122.01 |
| 2024-01-25 | $122.35 |
| 2024-01-26 | $122.73 |
| 2024-01-29 | $123.34 |
| 2024-01-30 | $122.93 |
| 2024-01-31 | $122.29 |
| 2024-02-01 | $123.45 |
| 2024-02-02 | $122.73 |
| 2024-02-05 | $122.10 |
| 2024-02-06 | $123.24 |
| 2024-02-07 | $123.43 |
| 2024-02-08 | $123.31 |
| 2024-02-09 | $123.48 |
| 2024-02-12 | $123.82 |
| 2024-02-13 | $122.05 |
| 2024-02-14 | $123.19 |
| 2024-02-15 | $124.36 |
| 2024-02-16 | $124.70 |
| 2024-02-20 | $125.05 |
| 2024-02-21 | $125.26 |
| 2024-02-22 | $126.54 |
| 2024-02-23 | $126.59 |
| 2024-02-26 | $126.35 |
| 2024-02-27 | $126.59 |
| 2024-02-28 | $125.68 |
| 2024-02-29 | $126.08 |
| 2024-03-01 | $127.41 |
| 2024-03-04 | $127.12 |
| 2024-03-05 | $126.53 |
| 2024-03-06 | $127.98 |
| 2024-03-07 | $129.27 |
| 2024-03-08 | $128.88 |
| 2024-03-11 | $128.51 |
| 2024-03-12 | $129.60 |
| 2024-03-13 | $129.34 |
| 2024-03-14 | $128.67 |
| 2024-03-15 | $127.89 |
| 2024-03-18 | $128.04 |
| 2024-03-19 | $128.03 |
| 2024-03-20 | $129.23 |
| 2024-03-21 | $129.50 |
| 2024-03-22 | $128.98 |
| 2024-03-25 | $128.78 |
| 2024-03-26 | $128.86 |
| 2024-03-27 | $129.54 |
| 2024-03-28 | $129.43 |
| 2024-04-01 | $129.03 |
| 2024-04-02 | $128.69 |
| 2024-04-03 | $129.31 |
| 2024-04-04 | $128.56 |
| 2024-04-05 | $128.98 |
| 2024-04-08 | $129.56 |
| 2024-04-09 | $129.78 |
| 2024-04-10 | $128.37 |
| 2024-04-11 | $128.62 |
| 2024-04-12 | $126.47 |
| 2024-04-15 | $125.84 |
| 2024-04-16 | $124.44 |
| 2024-04-17 | $124.37 |
| 2024-04-18 | $124.47 |
| 2024-04-19 | $124.07 |
| 2024-04-22 | $125.57 |
| 2024-04-23 | $126.79 |
| 2024-04-24 | $126.80 |
| 2024-04-25 | $126.44 |
| 2024-04-26 | $127.32 |
| 2024-04-29 | $128.16 |
| 2024-04-30 | $126.53 |
| 2024-05-01 | $126.40 |
| 2024-05-02 | $128.46 |
| 2024-05-03 | $129.58 |
| 2024-05-06 | $130.35 |
| 2024-05-07 | $130.29 |
| 2024-05-08 | $130.14 |
| 2024-05-09 | $130.82 |
| 2024-05-10 | $131.15 |
| 2024-05-13 | $131.36 |
| 2024-05-14 | $132.12 |
| 2024-05-15 | $133.23 |
| 2024-05-16 | $133.05 |
| 2024-05-17 | $133.61 |
| 2024-05-20 | $133.71 |
| 2024-05-21 | $133.19 |
| 2024-05-22 | $132.29 |
| 2024-05-23 | $131.55 |
| 2024-05-24 | $132.31 |
| 2024-05-28 | $132.34 |
| 2024-05-29 | $130.24 |
| 2024-05-30 | $130.83 |
| 2024-05-31 | $131.61 |
| 2024-06-03 | $132.25 |
| 2024-06-04 | $131.37 |
| 2024-06-05 | $132.54 |
| 2024-06-06 | $132.85 |
| 2024-06-07 | $131.58 |
| 2024-06-10 | $131.92 |
| 2024-06-11 | $130.68 |
| 2024-06-12 | $131.91 |
| 2024-06-13 | $130.66 |
| 2024-06-14 | $129.81 |
| 2024-06-17 | $130.20 |
| 2024-06-18 | $130.82 |
| 2024-06-20 | $130.88 |
| 2024-06-21 | $129.06 |
| 2024-06-24 | $129.76 |
| 2024-06-25 | $130.07 |
| 2024-06-26 | $129.30 |
| 2024-06-27 | $129.46 |
| 2024-06-28 | $129.42 |
| 2024-07-01 | $129.72 |
| 2024-07-02 | $130.14 |
| 2024-07-03 | $131.50 |
| 2024-07-05 | $132.43 |
| 2024-07-08 | $131.97 |
| 2024-07-09 | $131.85 |
| 2024-07-10 | $133.22 |
| 2024-07-11 | $133.80 |
| 2024-07-12 | $134.98 |
| 2024-07-15 | $134.00 |
| 2024-07-16 | $134.61 |
| 2024-07-17 | $133.57 |
| 2024-07-18 | $132.58 |
| 2024-07-19 | $131.59 |
| 2024-07-22 | $132.69 |
| 2024-07-23 | $132.08 |
| 2024-07-24 | $130.49 |
| 2024-07-25 | $129.79 |
| 2024-07-26 | $131.19 |
| 2024-07-29 | $130.82 |
| 2024-07-30 | $130.78 |
| 2024-07-31 | $133.03 |
| 2024-08-01 | $130.18 |
| 2024-08-02 | $127.93 |
| 2024-08-05 | $124.69 |
| 2024-08-06 | $125.47 |
| 2024-08-07 | $125.96 |
| 2024-08-08 | $128.16 |
| 2024-08-09 | $128.58 |
| 2024-08-12 | $128.69 |
| 2024-08-13 | $130.50 |
| 2024-08-14 | $130.69 |
| 2024-08-15 | $132.22 |
| 2024-08-16 | $133.16 |
| 2024-08-19 | $134.60 |
| 2024-08-20 | $133.98 |
| 2024-08-21 | $134.95 |
| 2024-08-22 | $134.05 |
| 2024-08-23 | $136.10 |
| 2024-08-26 | $135.58 |
| 2024-08-27 | $136.11 |
| 2024-08-28 | $135.36 |
| 2024-08-29 | $135.87 |
| 2024-08-30 | $136.32 |
| 2024-09-03 | $133.84 |
| 2024-09-04 | $133.44 |
| 2024-09-05 | $133.71 |
| 2024-09-06 | $131.38 |
| 2024-09-09 | $132.53 |
| 2024-09-10 | $132.07 |
| 2024-09-11 | $132.78 |
| 2024-09-12 | $134.03 |
| 2024-09-13 | $134.37 |
| 2024-09-16 | $135.14 |
| 2024-09-17 | $134.85 |
| 2024-09-18 | $134.38 |
| 2024-09-19 | $137.13 |
| 2024-09-20 | $135.55 |
| 2024-09-23 | $136.15 |
| 2024-09-24 | $137.70 |
| 2024-09-25 | $137.01 |
| 2024-09-26 | $140.31 |
| 2024-09-27 | $139.61 |
| 2024-09-30 | $139.22 |
| 2024-10-01 | $138.91 |
| 2024-10-02 | $139.28 |
| 2024-10-03 | $137.90 |
| 2024-10-04 | $138.86 |
| 2024-10-07 | $138.38 |
| 2024-10-08 | $137.40 |
| 2024-10-09 | $137.20 |
| 2024-10-10 | $137.12 |
| 2024-10-11 | $137.78 |
| 2024-10-14 | $137.95 |
| 2024-10-15 | $135.64 |
| 2024-10-16 | $136.33 |
| 2024-10-17 | $136.18 |
| 2024-10-18 | $137.19 |
| 2024-10-21 | $135.98 |
| 2024-10-22 | $135.24 |
| 2024-10-23 | $134.15 |
| 2024-10-24 | $134.37 |
| 2024-10-25 | $134.02 |
| 2024-10-28 | $134.81 |
| 2024-10-29 | $134.53 |
| 2024-10-30 | $133.73 |
| 2024-10-31 | $132.65 |
| 2024-11-01 | $133.08 |
| 2024-11-04 | $133.38 |
| 2024-11-05 | $134.87 |
| 2024-11-06 | $133.51 |
| 2024-11-07 | $135.44 |
| 2024-11-08 | $133.63 |
| 2024-11-11 | $133.38 |
| 2024-11-12 | $131.28 |
| 2024-11-13 | $130.35 |
| 2024-11-14 | $130.26 |
| 2024-11-15 | $129.64 |
| 2024-11-18 | $130.71 |
| 2024-11-19 | $130.82 |
| 2024-11-20 | $130.40 |
| 2024-11-21 | $130.53 |
| 2024-11-22 | $130.81 |
| 2024-11-25 | $131.31 |
| 2024-11-26 | $130.64 |
| 2024-11-27 | $131.08 |
| 2024-11-29 | $132.33 |
| 2024-12-02 | $132.80 |
| 2024-12-03 | $133.47 |
| 2024-12-04 | $133.60 |
| 2024-12-05 | $134.15 |
| 2024-12-06 | $134.07 |
| 2024-12-09 | $134.48 |
| 2024-12-10 | $133.31 |
| 2024-12-11 | $134.03 |
| 2024-12-12 | $132.95 |
| 2024-12-13 | $132.70 |
| 2024-12-16 | $132.23 |
| 2024-12-17 | $131.55 |
| 2024-12-18 | $128.87 |
| 2024-12-19 | $128.55 |
| 2024-12-20 | $126.45 |
| 2024-12-23 | $127.27 |
| 2024-12-24 | $127.52 |
| 2024-12-26 | $127.66 |
| 2024-12-27 | $127.57 |
| 2024-12-30 | $126.92 |
| 2024-12-31 | $126.75 |
| 2025-01-02 | $126.52 |
| 2025-01-03 | $127.18 |
| 2025-01-06 | $127.95 |
| 2025-01-07 | $127.61 |
| 2025-01-08 | $127.32 |
| 2025-01-10 | $125.18 |
| 2025-01-13 | $124.47 |
| 2025-01-14 | $125.39 |
| 2025-01-15 | $126.78 |
| 2025-01-16 | $127.32 |
| 2025-01-17 | $127.89 |
| 2025-01-21 | $129.90 |
| 2025-01-22 | $129.84 |
| 2025-01-23 | $130.46 |
| 2025-01-24 | $131.16 |
| 2025-01-27 | $130.36 |
| 2025-01-28 | $130.58 |
| 2025-01-29 | $130.64 |
| 2025-01-30 | $132.09 |
| 2025-01-31 | $130.99 |
| 2025-02-03 | $129.60 |
| 2025-02-04 | $131.20 |
| 2025-02-05 | $132.12 |
| 2025-02-06 | $132.63 |
| 2025-02-07 | $131.96 |
| 2025-02-10 | $132.73 |
| 2025-02-11 | $133.02 |
| 2025-02-12 | $133.22 |
| 2025-02-13 | $134.75 |
| 2025-02-14 | $134.92 |
| 2025-02-18 | $135.87 |
| 2025-02-19 | $135.01 |
| 2025-02-20 | $135.61 |
| 2025-02-21 | $134.83 |
| 2025-02-24 | $134.19 |
| 2025-02-25 | $134.93 |
| 2025-02-26 | $135.44 |
| 2025-02-27 | $133.73 |
| 2025-02-28 | $133.40 |
| 2025-03-03 | $133.46 |
| 2025-03-04 | $133.69 |
| 2025-03-05 | $137.07 |
| 2025-03-06 | $136.09 |
| 2025-03-07 | $137.18 |
| 2025-03-10 | $134.03 |
| 2025-03-11 | $134.00 |
| 2025-03-12 | $134.87 |
| 2025-03-13 | $133.94 |
| 2025-03-14 | $136.31 |
| 2025-03-17 | $137.99 |
| 2025-03-18 | $138.01 |
| 2025-03-19 | $138.42 |
| 2025-03-20 | $137.50 |
| 2025-03-21 | $136.31 |
| 2025-03-24 | $136.46 |
| 2025-03-25 | $136.77 |
| 2025-03-26 | $135.51 |
| 2025-03-27 | $135.91 |
| 2025-03-28 | $134.37 |
| 2025-03-31 | $133.34 |
| 2025-04-01 | $133.76 |
| 2025-04-02 | $134.15 |
| 2025-04-03 | $131.42 |
| 2025-04-04 | $123.94 |
Realized/Unrealized gains
as of 02/28/2025
REALIZED GAIN
-$9.82
% of NAV
-7.36%
UNREALIZED GAINS OF NAV
$27.38
% of NAV
20.53%
DISTRIBUTION SCHEDULE
Quarterly
Use this table to view or export up to ten years of distributions for this fund.
You can view the 2024 year-end capital gains for all funds in the Tax Center.
| TYPE | $/SHARE | PAYABLE DATE The date when dividends or capital gains are paid to shareholders. For Vanguard mutual funds, the payable date is usually within two to four days of the record date. The payable date also refers to the date on which a declared stock dividend or bond interest payment is scheduled to be paid. | RECORD DATE The date established by the issuer of a security for the purpose of determining the holders who are entitled to receive that security's next distribution of dividends or capital gains. | REINVEST DATE The date on which an investment's dividend or capital gains income is reinvested, if requested by the shareholder, to purchase additional shares. | REINVEST PRICE The price at which an investment's dividend or capital gains distribution is reinvested, if requested by the shareholder, to purchase additional shares. |
|---|---|---|---|---|---|
| Income | $0.410500 | 03/24/2025 | 03/20/2025 | 03/21/2025 | $136.31 |
| Income | $2.161300 | 12/23/2024 | 12/19/2024 | 12/20/2024 | $126.45 |
| Income | $0.585500 | 09/23/2024 | 09/19/2024 | 09/20/2024 | $135.55 |
| Income | $1.039400 | 06/24/2024 | 06/20/2024 | 06/21/2024 | $129.06 |
| Income | $0.480400 | 03/18/2024 | 03/14/2024 | 03/15/2024 | $127.89 |
| Income | $1.821800 | 12/18/2023 | 12/14/2023 | 12/15/2023 | $121.28 |
| Income | $0.634700 | 09/18/2023 | 09/14/2023 | 09/15/2023 | $118.94 |
| Income | $1.329400 | 06/20/2023 | 06/15/2023 | 06/16/2023 | $122.40 |
| Income | $0.259100 | 03/20/2023 | 03/16/2023 | 03/17/2023 | $112.37 |
| Income | $1.352300 | 12/19/2022 | 12/15/2022 | 12/16/2022 | $110.73 |
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.
Performance data for periods of less than one year do 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.
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.
Portfolio
Market capitalization
as of 02/28/2025
| MARKET SIZE | VTPSX | Benchmark FTSE Global All Cap ex US Index | +/- WEIGHT |
|---|---|---|---|
| Large | 69.9% | 69.8% | 0.2% |
| Medium/Large | 3.5% | 3.5% | 0.0% |
| Medium | 13.4% | 13.4% | -0.1% |
| Medium/Small | 5.4% | 5.5% | -0.1% |
| Small | 7.7% | 7.8% | -0.1% |
Fundamentals
as of 02/28/2025
| Fundamental | VTPSX | Benchmark FTSE Global All Cap ex US Index |
|---|---|---|
| Number of stocks | 8580 | 8343 |
| Median market cap An indicator of the size of companies in which a fund invests the midpoint of market capitalization (market price x shares outstanding) of a funds stocks, weighted by the proportion of a fund's assets invested in each stock. Stocks representing half of the fund's assets have market capitalizations above the median and the rest are below it. | $41.5 B | $41.3 B |
| % Emerging | 26.46% | 26.60% |
| % Developed | 73.54% | 73.40% |
| Earnings growth rate | 13.68% | 13.67% |
| Short-term reserves | — | N/A |
| % of ADRs | — | N/A |
| P/E ratio | 15.6x | 15.6x |
| P/B ratio | 1.8x | 1.8x |
| Turnover rate (October fiscal year-end) | 3.40% | N/A |
| Return on equity | 12.34% | 12.34% |
| Foreign holdings | 98.91% | N/A |
Holdings policy for this fund Percentages may not add up to 100%.
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Compare products| Sector | VTPSX | Benchmark FTSE Global All Cap ex US Index | +/- WEIGHT | VTPSX Benchmark FTSE Global All Cap ex US Index |
|---|---|---|---|---|
| Financials | 22.45% | 22.42% | 0.03% | |
| Industrials | 15.60% | 15.55% | 0.05% | |
| Technology | 13.44% | 13.49% | -0.05% | |
| Consumer Discretionary | 13.15% | 13.11% | 0.04% | |
| Health Care | 8.57% | 8.55% | 0.02% | |
| Consumer Staples | 6.03% | 6.04% | -0.01% | |
| Basic Materials | 5.95% | 5.95% | 0.00% | |
| Energy | 4.91% | 4.91% | 0.00% | |
| Telecommunications | 3.78% | 3.78% | 0.00% | |
| Utilities | 3.22% | 3.23% | -0.01% | |
| Real Estate | 2.90% | 2.90% | 0.00% |
Weighted equity exposures exclude any temporary cash investments and equity index futures. Some short-term fixed income securities are classified as cash and are excluded from the weighted bond exposures.
Risk
Risk and volatility
as of 02/28/2025
| 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. | Beta 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 beta would be 1.00. If a portfolio's return bore no relationship to the market's returns, its beta would be 0. | 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. | Capture ratio (downside/upside) The downside/upside capture ratio shown here represents whether the given fund has outperformed—lost less or gained more than—the primary prospectus benchmark during periods of market weakness and strength, and if so, by how much. Upside capture ratios for funds are calculated by taking the fund's monthly return during months when the benchmark had a positive return and dividing it by the benchmark return during that same month. Downside capture ratios are calculated by taking the fund's monthly return during the periods of negative benchmark performance and dividing it by the benchmark return. Morningstar.com displays the upside and downside capture ratios over 1-, 3-, 5-, 10-, and 15-year periods by calculating the geometric average for both the fund and index returns during the up and down months, respectively, over each time period. An upside capture ratio over 100 indicates a fund has generally outperformed the benchmark during periods of positive returns for the benchmark. Meanwhile, a downside capture ratio of less than 100 indicates that a fund has lost less than its benchmark in periods when the benchmark has been in the red. However, if a fund generates positive returns while the benchmark declines, the fund's downside capture ratio will be negative (meaning it has moved in the opposite direction of the benchmark). All stock funds' upside and downside capture ratios are calculated versus the S&P 500, whereas bond and international fund ratios are calculated relative to the Barclays Capital U.S. Aggregate Bond Index and MSCI EAFE Index, respectively. For some context, we also show the category average upside/downside capture ratios for those same time periods. | |
|---|---|---|---|---|---|---|
| VTPSX | N/A | N/A | 0.01 | 16.78% | 0.01 | 106/107 |
| Primary benchmark Spliced Total International Stock Index 3 | 0.98 | 1.04 | N/A | 16.04% | 0.00 | N/A |
| Broad-based benchmark FTSE Global All Cap ex US Index | 0.98 | 1.04 | N/A | 16.04% | 0.00 | N/A |
Risk and volatility are based on the share class with the earliest inception date.
Risk measures are calculated from trailing 3, 5, and 10 year fund returns relative to the associated benchmarks.
Management
Vanguard Total International Stock Index Fund seeks to track the investment performance of the FTSE Global All Cap ex US Index, an index designed to measure equity market performance in developed and emerging markets, excluding the United States. The fund invests substantially all of its assets in the common stocks included in its target index. The fund allocates its assets based on each region’s weighting in the index. The experience and stability of Vanguard’s Equity Index 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.
Launched in 1975, The Vanguard Group, Malvern, Pennsylvania, is among the world’s largest equity and fixed income managers. As chief investment officer, Gregory Davis, CFA, oversees Vanguard’s Equity Index, Investment Strategy, Quantitative Equity, and Fixed Income Groups. Rodney Comegys, Principal and global head of Vanguard's Equity Index Group, is responsible for all equity index funds. The Equity Index Group manages indexed 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 Total International Stock Index Fund since 2008.
Michael Perre Principal, Portfolio manager
17 years on fund 35 years of experience B.A., Saint Joseph’s University. M.B.A., Villanova University.
Christine D. Franquin Principal, Portfolio manager
8 years on fund 25 years of experience B.A., Universitaire Faculteiten Sint Ignatius, Antwerpen Belgium. J.D., University of Liege Belgium. Master of Science in Finance, Clark University, Massachusetts.
Jeffrey D. Miller Portfolio manager
<1 year on fund 18 years of experience B.A., Pennsylvania State University. M.B.A., Drexel University.
Literature
Disclosures and footnotes
Performance
1Year-to-date performance data is not available for the benchmark.
2Total International Composite Index through August 31, 2006; MSCI EAFE + Emerging Markets Index through December 15, 2010; MSCI ACWI ex USA IMI Index through June 2, 2013; and FTSE Global All Cap ex US Index thereafter. Benchmark returns are adjusted for withholding taxes.
Risk
3Total International Composite Index through August 31, 2006; MSCI EAFE + Emerging Markets Index through December 15, 2010; MSCI ACWI ex USA IMI Index through June 2, 2013; and FTSE Global All Cap ex US Index thereafter. Benchmark returns are adjusted for withholding taxes.
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.
An investment in the fund could lose money over short or long periods of time. You should expect the fund’s share price and total return to fluctuate within a wide range. The fund is subject to the following risks, which could affect the fund’s performance:
Stock market risk, which is the chance that stock prices overall will decline. Stock markets tend to move in cycles, with periods of rising prices and periods of falling prices. The fund’s investments in foreign stocks can be riskier than U.S. stock investments. Foreign stocks may be more volatile and less liquid than U.S. stocks. The prices of foreign stocks and the prices of U.S. stocks may move in opposite directions. In addition, the fund’s target index may, at times, become focused in stocks of a particular market sector, which would subject the fund to proportionately higher exposure to the risks of that sector.
Investment style risk, which is the chance that returns from non-U.S. small-and mid-capitalization stocks will trail returns from global stock markets. Historically, non-U.S. small- and mid-cap stocks have been more volatile in price than the large-cap stocks that dominate the global markets, and they often perform quite differently.
Country/regional risk, which is 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. Because the fund may invest a large portion of its assets in securities of companies located in any one country or region, the fund’s performance may be hurt disproportionately by the poor performance of its investments in that area. Country/regional risk is especially high in emerging markets.
Currency risk, which is the chance that the value of a foreign investment, measured in U.S. dollars, will decrease because of unfavorable changes in currency exchange rates. Currency risk is especially high in emerging markets.
Emerging markets risk, which is the chance that 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 because, among other factors, emerging markets can have greater custodial and operational risks; less developed legal, tax, regulatory, and accounting systems; and greater political, social, and economic instability than developed markets.
Special risks of investing in China: The fund’s investments in companies or issuers economically tied to China are subject to the country/regional, emerging markets, and currency risks described above, in addition to unique risks. Investments economically tied to China are associated with considerable degrees of social and humanitarian, legal, regulatory, political, and economic uncertainty. Risks described above may be more pronounced for the fund. All of these factors, among others, could have negative impacts on the fund. For example, the fund may not be able to access its desired amount of shares of companies incorporated in China that trade on the Shanghai and Shenzhen Stock Exchanges (A-shares) and/or the Hong Kong Stock Exchange (H-shares), which may cause the fund to miss out on investment opportunities. Investments economically tied to China may be (or become in the future) restricted or sanctioned by the U.S. government or another government, which could cause these securities to decline in value or become less liquid. If the fund’s holdings become impacted by restrictions or sanctions, the fund may incur losses. Additionally, the fund may gain exposure to certain companies in China through legal structures known as variable interest entities (VIEs), which provide exposure to Chinese companies through contractual arrangements instead of equity ownership. Investing through a VIE does not offer the same level of investor protection as direct ownership and is subject to risks including breach of the contractual arrangements, difficulty in enforcing the contractual arrangements outside of the U.S., and intervention by the U.S. government. These risks could significantly affect a VIE’s market value, which in turn could impact the fund’s performance.
Index replicating risk, which is the chance that the fund may be prevented from holding one or more securities in the same proportion as in its target index.
Index-related risks: The fund is subject to risks associated with index investing, which include passive management risk, tracking error risk, and index provider risk. Passive management risk is the chance that the fund's use of an indexing strategy will negatively impact the fund's performance. Because the fund seeks to track the performance of its target index regardless of how that index is performing, the fund's performance may be lower than it would be if the fund were actively managed. Tracking error risk is the chance that the fund's performance will deviate from the performance of its target index. Tracking error risk may be heightened during times of increased market volatility or under other unusual market conditions. Index provider risk is the chance that the fund will be negatively impacted by changes or errors made by the index provider. Any gains, losses, or costs associated with or resulting from an error made by the index provider will generally be borne by the fund and, as a result, the fund's shareholders.
