VT Fund Description

The Vanguard Total World Stock ETF tracks a market-cap-weighted index of global stocks covering 98% of the domestic and emerging market capitalization.

VT ETF.com Insight

VT holds a diversified market-cap-weighted portfolio of developed and emerging market stocks. The fund ignores frontier markets, but excluding the likes of Qatar and Kuwait has minimalVT holds a diversified market-cap-weighted portfolio impact on the fund's ability to track the global market. A lack of transparency makes understanding the fund's nuanced tilts difficult, but for the most part, the fund covers its bases with similar size, sector and country allocations. VT costs a segment-low 0.18% and has enough liquidity to satisfy most trading appetites. Its low cost and broad exposure earn this fund a place on our Analyst Pick list for the segment. (Insight updated 02/27/2014)

  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 07/22/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

VT (Mkt)
0.48% 5.10% 6.71% 17.31% 10.32% 13.56% --

VT (NAV)

0.44% 4.90% 7.02% 17.48% 10.42% 13.66% --

FTSE Global All Cap Net TR US RIC

0.50% 4.92% 7.05% 17.60% 10.46% 13.83% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

VT Top 10 Countries View All

VT Top 10 Sectors

VT Top 10 Holdings View All

VT Summary Data

Vanguard

A company that produces and manages ETFs.

06/24/08

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

Open-Ended Fund

The organizational structure of the fund or ETN.

0.18%

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

$3.58 B

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

$16.29 M

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

0.04%

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.

VT Portfolio Data

$79.03 B

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

20.22

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

2.07

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

2.27%

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.

5,808

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.

VT Index Data

FTSE Global All
Cap 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 All Country World Investable Markets + Frontier

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

Related ETFs to VT

ACWI, ACIM, ACWV, ONEF

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

VT ETF.com Efficiency Insight

At 0.18%, VT is the cheapest option in the segment. VT is well established, with an AUM of $3 billion, and has been tax efficient over the past 3 years. Like all Vanguard funds, VT lacks transparency due to monthly rather than daily reporting of holdings. (Insight updated 02/27/2014)


Total Return
  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 07/22/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

VT (Mkt)
0.48% 5.10% 6.71% 17.31% 10.32% 13.56% --

VT (NAV)
0.44% 4.90% 7.02% 17.48% 10.42% 13.66% --

FTSE Global All Cap Net TR US RIC
0.50% 4.92% 7.05% 17.60% 10.46% 13.83% --

MSCI All Country World Investable Markets + Frontier
0.45% 4.73% 6.76% 17.19% 10.09% 13.86% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

VT Portfolio Management

0.18%

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

-0.24%

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.

0.03%

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

-0.35%

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

VT 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.

VT 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.

VT ETF.com Tradability Insight

Investors face few challenges trading VT. The fund sees about $19 million change hands on a typical day, with spreads averaging 0.05%. The fund is slightly tougher to trade for institutions: VT has high creation costs and a large creation basket, and multiple creation unit trades could have some market impact on the underlying stocks. Overall though, VT is a very liquid fund. (Insight updated 02/27/2014)

Average Spread

Premium/Discount

Volume

VT ETF.com/ Block LiquidityAs of 07/23/2014

5
4
3
2
1

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

VT Tradability

262,590

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

$16.29 M

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

212,325

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

$13.11 M

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

0.04%

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.

$0.02

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

0.11%

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

0.41% / -0.21%

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.

65.86%

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

200,000

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.

1.06

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.

0.08%

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

0.18%

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.

2,009

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

$62.49

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.

VT ETF.com Fit Insight

VT provides excellent broad-based exposure to global stocks. The fund has minor tilts away from our benchmark (avoiding frontier markets), but overall matches the country, sector and size allocations of our benchmark. The exact nature of differences is difficult to determine, as the fund's published portfolio differs from the portfolio used to determine daily NAV. Still, the fund is the segment's best option for broad-based exposure. (Insight updated 02/27/2014)

VT Sector/Industry BreakdownView All

VT Segment Benchmark
21.35% 20.30%
13.00% 13.47%
12.56% 12.97%
11.59% 12.16%
9.74% 9.67%
9.76% 9.57%
5.97% 5.83%
3.24% 3.37%

VT Geographic ExposureView All

VT Segment Benchmark
49.26% 49.84%
7.57% 8.47%
7.74% 3.86%
4.03% 3.58%
3.20% 3.44%
3.15% 3.33%
2.97% 3.27%
2.70% 2.93%
1.64% 1.78%
17.73% 19.49%

VT Segment Benchmark
53.28% 53.42%
24.59% 22.23%
18.85% 21.09%
1.92% 2.01%
1.36% 1.25%
92.84% / 7.16% 92.27% / 7.73%

VT Performance Statistics

1.00

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

1.01

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.

1.01

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.

0.01%

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 All Country World Investable Markets + Frontier

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

VT Benchmark Comparison

VT
5808 Holdings
Segment Benchmark
8829 Constituents
Shared Holdings
5421 (Count)
 
87.41% (Weight)
VTSegment Benchmark
$77.13 B$79.03 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.

71%71%
21%21%
7%7%
1%1%
20.0120.22

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

2.082.07

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

1.99%1.98%

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

88295808

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.