VGK Fund Description

The Vanguard FTSE Europe ETF tracks the FTSE Developed Europe Index, a market-cap weighted index of European securities.

VGK ETF.com Insight

VGK holds a broad, comprehensive portfolio of companies from developed European countries. It holds a broad basket of more than 400 securities that excludes small- and micro-caps whichit's hard to beat VGK for exposure to developed Europe tilts the fund larger than the broader European equity universe. It charges the lowest expense ratio by far for a European ETF, just 0.12%. In comparison, its segment peers both charge upward of 0.50%. VGK is also the most liquid fund in the segment, with over $200M changing hands most days. Overall, it's hard to beat VGK for exposure to developed Europe. VGK's representative portfolio, low expense ratio, and superior liquidity all contribute to its designation as the Analyst Pick for the segment. (Insight updated 04/28/2014)

  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 08/20/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

VGK (Mkt)
-2.98% -3.13% 0.39% 12.72% 15.41% 9.35% --

VGK (NAV)

-3.12% -3.15% 0.73% 12.80% 15.11% 9.43% --

FTSE Developed Europe Index Net TR US RIC

-2.67% -3.22% 0.95% 12.95% 14.66% 9.36% 7.5%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

VGK Top 10 Countries View All

VGK Top 10 Sectors

VGK Top 10 Holdings View All

VGK Summary Data

Vanguard

A company that produces and manages ETFs.

03/04/05

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

Open-Ended Fund

The organizational structure of the fund or ETN.

0.12%

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

$15.39 B

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

$242.73 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 60 days, as a percent.

VGK Portfolio Data

$77.24 B

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

19.47

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

1.75

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

4.02%

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.

496

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.

VGK Index Data

FTSE Developed Europe
Index Net TR US RIC

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 Europe IMI

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

Related ETFs to VGK

HEDJ, EZU

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

VGK ETF.com Efficiency Insight

VGK has a segment-low expense ratio of just 0.12% - far less than competing European ETFs. The fund has a huge asset base and long track record, conveying stability. It's worth noting that VGK changed its underlying index from an MSCI index to its current FTSE index in March 2013. (Insight updated 04/28/2014)


Total Return
  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 08/20/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

VGK (Mkt)
-2.98% -3.13% 0.39% 12.72% 15.41% 9.35% --

VGK (NAV)
-3.12% -3.15% 0.73% 12.80% 15.11% 9.43% --

FTSE Developed Europe Index Net TR US RIC
-2.67% -3.22% 0.95% 12.95% 14.66% 9.36% 7.5%

MSCI Europe IMI
-2.72% -3.29% 0.67% 13.11% 14.92% 9.76% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

VGK Portfolio Management

0.12%

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

0.11%

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.

0.25%

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

-0.02%

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

VGK 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.

VGK 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.

N/A

The multiple of the underlying index which the fund aims to deliver. For funds that reset, the leverage factor holds true only for the reset period, often just 1 day.

N/A

The time period at which the fund “trues up” its leverage factor. For funds that reset, the reset period–often just 1 day–is the length of time over which the fund delivers its leverage factor.

VGK ETF.com Tradability Insight

VGK is very liquid and easy to trade. It trades over $200M most days, equivalent to over 4 million shares. Its average bid/ask spread, at 0.02%, is minimal: It's just $0.01 wide. Block trades can be executed efficiently too: VGK earns a perfect block liquidity score despite relatively high creation costs. (Insight updated 04/28/2014)

Average Spread

Premium/Discount

Volume

VGK ETF.com/ Block LiquidityAs of 08/21/2014

5
4
3
2
1

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

VGK Tradability

4,165,297

The average number of shares traded during a 60 day period.

$242.73 M

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

3,628,433

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

$218.48 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 60 days, as a percent.

$0.01

The difference between the highest and lowest posted prices for an ETF, averaged over the past 60 days, in dollars.

0.09%

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

0.70% / -0.47%

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

30.72%

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

100,000

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.

36.07

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.

0.09%

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

0.05%

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.

24,542

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

$57.15

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.

VGK ETF.com Fit Insight

VGK captures the developed European market closely. It tilts slightly larger than our benchmark but it still fits the space well. Like our benchmark, VGK prominently features the biggest European companies - Royal Dutch Shell, Nestle and HSBC - but they don't dominate VGK's diversified portfolio of nearly 480 companies. Overall, VGK offers solid developed European exposure. (Insight updated 04/28/2014)

VGK Sector/Industry BreakdownView All

VGK Segment Benchmark
22.21% 22.38%
12.53% 13.20%
12.33% 13.04%
12.08% 11.17%
10.00% 10.45%
10.78% 9.55%
7.78% 7.89%
3.75% 4.10%
3.61% 3.02%

VGK Geographic ExposureView All

VGK Segment Benchmark
33.23% 32.77%
13.27% 13.89%
12.79% 13.60%
12.89% 13.20%
5.31% 5.22%
4.79% 4.57%
4.29% 4.30%
3.91% 3.60%
2.35% 2.37%
7.16% 6.45%

VGK Segment Benchmark
99.64% 99.64%
0.32% 0.30%
0.04% 0.03%
0.01% 0.02%
99.95% / 0.05% 99.95% / 0.05%

VGK Performance Statistics

1.00

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

1.00

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.

1.00

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.

1.00

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.

0.03%

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 Europe IMI

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

VGK Benchmark Comparison

VGK
496 Holdings
Segment Benchmark
1334 Constituents
Shared Holdings
473 (Count)
 
89.34% (Weight)
VGKSegment Benchmark
$69.94 B$77.24 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.

76%84%
18%16%
5%0%
1%0%
20.4519.47

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

1.761.75

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

2.36%2.42%

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

1334496

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.