VEA Fund Description

The Vanguard FTSE Developed Markets ETF tracks a market-cap weighted index of large- and midcap stocks from developed markets outside the US and Canada.

VEA ETF.com Insight

[As of 8/1/14] VEA delivers excellent coverage of developed-market equities outside the US at a very low all-in price. The fund the market well, with two caveats: It favors large firms atVEA's low-cost basket of marketlike stocks is tough to beat the expense of small-caps; and it ignores Canadian securities. These caveats remain unchanged despite a 5/29/2013 index switch to FTSE from MSCI EAFE. VEA's basket is easy to access, especially at the retail level, where bid/ask spreads are minscule. The fund's 9 bp fee is among the segment's lowest. In all, VEA's low-cost basket of marketlike stocks is tough to beat.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Performance [as of 10/21/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
VEA -6.33% -8.64% -5.52% -3.66% 9.55% 5.08% --
VEA (NAV) -6.36% -8.61% -5.33% -3.55% 9.58% 5.05% --
FTSE Developed ex North America Net Tax (US RIC) Index -7.14% -8.97% -5.72% -3.98% 9.48% 4.73% 5.61%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

VEA Top 10 Countries View All

VEA Top 10 Sectors

VEA Top 10 Holdings View All

VEA Summary Data

Vanguard

A company that produces and manages ETFs.

07/20/07

The first date of a fund's operations, as documented by the issuer.

Open-Ended Fund

The organizational structure of the fund or ETN.

0.09%

The net total annual fee a fund holder pays to the issuer.

$22.24 B

The market value of total assets that a fund has accumulated and now manages on behalf of investors.

$150.98 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

0.02%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

VEA Portfolio Data

$60.58 B

Describes the average of each stock's market cap (share price x shares outstanding) scaled by its weight in the portfolio.

16.50

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

1.51

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

3.64%

The ratio of distributions paid by the fund over the past 12 months, divided by the fund’s NAV.

--

The date on which a security's price excludes an upcoming dividend.

1,343

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

VEA Index Data

FTSE Developed ex North America Net Tax (US RIC) Index

This is the benchmark an ETF is desigend to track or replicate.

Market Cap

A set of rules that the underlying index provider follows to weight its constituent securities.

Market Cap

A set of rules that the underlying index provider follows to select its constituent securities.

MSCI World Ex-USA
Investable Markets

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

Related ETFs to VEA

EFA, DWM, SCHF, PXF, GWL

ETFs from within the same segment or closely related segments with similar investment objectives or market exposures.

VEA ETF.com Efficiency Insight

[As of 8/1/14] VEA's 9 bp expense ratio–reduced on 4/7/14 –is among the lowest in the segment. VEA changed its underlying index on May 29, 2013 from the MSCI EAFE to a very similar FTSE index. The fund tracked its old index extremely well and we expect the same going forward. The fund boasts a massive asset base, the segment's second highest.

Total Return - 10/21/2014
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Performance [as of 10/21/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
VEA -6.33% -8.64% -5.52% -3.66% 9.55% 5.08% --
VEA (NAV) -6.36% -8.61% -5.33% -3.55% 9.58% 5.05% --
FTSE Developed ex North America Net Tax (US RIC) Index -7.14% -8.97% -5.72% -3.98% 9.48% 4.73% 5.61%
MSCI World Ex-USA Investable Markets -7.09% -9.08% -5.15% -3.31% 9.16% 4.98% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

VEA Portfolio Management

0.09%

The net annual fee a fund holder pays to the issuer.

0.16%

Compares returns of the fund's NAV to its underlying index for a daily series of overlapping 12 month periods. The median is the middle value of the results.

0.36%

Largest deviation in a positive direction of a fund's returns vs. its underlying index over the past 12 months.

-0.10%

Largest deviation in a negative direction of a fund's returns vs. its underlying index over the past 12 months.

VEA Tax Exposures

20.00% / 39.60%

The maximum long-term and short-term U.S. tax rates applicable to a realized capital gain.

0.00%

The average capital gains paid out to shareholders in the past 36 months, measured as a percent of net asset value (NAV) at the time.

Qualified dividends

IRS treatment of the majority of the fund's distributions.

No

ETFs that are structured as commodities pools and classified as limited partnerships by the IRS will issue K-1 forms to holders.

VEA Fund Structure

Open-Ended Fund

The organizational structure of the fund or ETN.

No

An indicator of whether a fund uses over-the-counter derivatives such as swaps or forwards to achieve its objectives.

Yes

An indicator of whether or not a fund actively lends its portfolio holdings.

100% / 0%

The division of securities lending revenue between the fund and the issuer.

N/A

The institution responsible for providing the return of the stated index and whose credit is the sole backing of the ETN.

N/A

The risk of default by the ETN counterparty.

Low

The likelihood that an issuer will shut down a fund for business or regulatory reasons.

Monthly

The frequency of an issuer's disclosure of all fund holdings.

VEA ETF.com Tradability Insight

[As of 8/1/14] VEA trades extremely well at the retail level. With around $100M traded most days, the fund is extremely liquid. The fund's penny-wide spreads are extremely tight. Block trades are unlikely to affect prices in the underlying market, even when trading creation units.



Average Spread
Premium/Discount
Volume

VEA ETF.com/ Block LiquidityAs of 10/22/2014

5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of VEA. VEA is rated a 5 out of 5.

VEA Tradability

3,824,768

It is the daily number of shares traded, averaged over the past 45 trading days.

$150.98 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

2,944,343

Median number of shares traded over the past 45 trading days.

$122.24 M

Median dollar value of shares traded over the past 45 trading days.

0.02%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

$0.01

The difference between the highest and lowest posted prices for an ETF, averaged over the past 45 days, in dollars.

0.14%

The middle value in the ranked set of all premium/discount values over a maximum 12-month period.

0.52% / -0.49%

The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a maximum 12-month period.

None

This flags whether there is currently a systemic issue that has restricted the ability to create or redeem shares of the fund. This may be imposed by the fund's issuer, or by external circumstances.

18.70%

The percent of time that the underlying securities of an ETF are open to trading while US exchanges are open.

500,000

The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund.

5.89

The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots.

0.05%

The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit.

0.07%

This metric serves as a way of understanding the impact of executing 1 creation unit worth of an ETF in terms of the volume of its underlying components.

1,643

The total number of net outstanding options contracts for an ETF.

$38.24

The total market value of the assets that an ETF holds less fund expenses.

5

An estimate of liquidity for the underlying baskets of securities, scaled 1 to 5.

VEA ETF.com Fit Insight

[As of 8/1/14] Recent index change notwithstanding, VEA provides an excellent take on international equities. The fund exhibits only two major deviations from marketlike coverage. First, it leans towards large caps, taking the difference from small cap stocks. Second, it omits Canadian equities, which fall outside of fund's index universe. (These deviations apply to VEA's new FTSE index as well as its old MSCI EAFE index). Still, VEA's offers solid coverage of developed market equities outside the US.

VEA Sector/Industry BreakdownView All

VEA Segment Benchmark
26.24% 24.91%

13.76% 13.66%

11.85% 12.45%

9.95% 10.69%

9.35% 10.39%

7.94% 7.61%

8.86% 6.84%

4.05% 5.05%

3.29% 3.66%

VEA Geographic ExposureView All

VEA Segment Benchmark
19.76% 21.40%

19.12% 19.86%

7.81% 8.56%

7.63% 8.49%

7.47% 8.04%

6.72% 7.33%

3.11% 3.38%

2.63% 3.24%

25.75% 15.53%

VEA Segment Benchmark
58.27% 61.38%

30.81% 37.83%

0.56% 0.66%

10.35% 0.12%

0.02% 0.01%

99.94% / 0.06% 99.84% / 0.16%

VEA Performance Statistics

0.99

The degree to which the fund and its segment benchmark move up and down in unison.

1.03

The sensitivity of the returns of the fund to the movement of the ETF.com segment benchmark. Beta of 1.0 means magnitude of fund returns equals that of IU benchmark returns.

1.03

The comparison of a fund's return to our benchmark's for days when the benchmark is up. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

1.05

The comparison of a fund's return to our benchmark's for days when the benchmark is down. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

0.06%

A measure of the variability between the fund's returns and the ETF.com segment benchmark returns on days when the fund underperforms the benchmark.

MSCI World Ex-USA
Investable Markets

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

VEA Benchmark Comparison

VEA
1343 Holdings
Segment Benchmark
3382 Constituents
Shared Holdings
1169 (Count)
 
80.80% (Weight)
VEASegment Benchmark
$53.79 B$60.58 B

The average market capitalization of the firms in the portfolio based on each firm’s weighting in the portfolio.

The breakdown of the portfolio’s holdings into each market capitalization bucket based on each firm’s weighting in the portfolio.

68%74%
22%23%
8%3%
1%0%
17.7316.50

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

1.581.51

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

2.46%2.38%

The weighted average of the current yield on the portfolio’s holdings.

33821343

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

LowLow

The level of return contribution attributable to the average portfolio constituent.