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 Vietnam 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 12/08/2014)

  • 1 Month

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  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 12/18/14]
1 Month
3 Month
YTD
1 Year
3 Years
5 Years
10 Years

VT
-1.40% -2.53% 3.66% 6.76% 15.53% 9.71% --

VT (NAV)
-1.21% -2.45% 4.09% 6.76% 15.67% 9.82% --

FTSE Global All Cap Net TR US RIC
-1.50% -2.76% 3.76% 6.67% 15.53% 9.93% --
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

Issuer Vanguard

A company that produces and manages ETFs.

Inception Date 06/24/08

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

Legal Structure Open-Ended Fund

The organizational structure of the fund or ETN.

Expense Ratio 0.18%

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

Assets Under Management $3.94 B

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

Average Daily $ Volume $27.24 M

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

(%) | 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." href="javascript:void(0)" class="term">Average Spread (%) 0.05%

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.

VT Portfolio Data

Weighted Average Market Cap $81.5 B

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

Price / Earnings Ratio 18.50

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

Price / Book Ratio 2.02

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

Distribution Yield 2.41%

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

Next Ex-Dividend Date --

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

Number of Holdings 6,472

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

Index Tracked FTSE Global All
Cap Net TR US RIC

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

Index Weighting Methodology Market Cap

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

Index Selection Methodology Market Cap

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

Segment 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.

Related ETFs to VT

Top Competing ETFs 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. Tracking has been consistent, but could be a bit closer. VT is well established, with an AUM of more than $3 billion, and has been tax efficient. Like all Vanguard funds, VT lacks transparency due to monthly rather than daily reporting of holdings. (Insight updated 12/08/2014)


Total Return - 12/18/2014

  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 12/18/14]
1 Month
3 Month
YTD
1 Year
3 Years
5 Years
10 Years

VT
-1.40% -2.53% 3.66% 6.76% 15.53% 9.71% --

VT (NAV)
-1.21% -2.45% 4.09% 6.76% 15.67% 9.82% --

FTSE Global All Cap Net TR US RIC
-1.50% -2.76% 3.76% 6.67% 15.53% 9.93% --

MSCI All Country World Investable Markets + Frontier
-1.56% -2.89% 3.24% 6.12% 15.19% 9.88% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

VT Portfolio Management

Expense Ratio 0.18%

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

(12 Mo) | 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." href="javascript:void(0)" class="term">Median Tracking Difference (12 Mo) -0.21%

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.

VT Tax Exposures

Max LT/ST Capital Gains Rate 20.00% / 39.60%

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

Tax on Distributions Qualified dividends

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

Distributes K1 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

Legal Structure Open-Ended Fund

The organizational structure of the fund or ETN.

OTC Derivative Use No

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

Securities Lending Active Yes

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

ETN Counterparty N/A

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

ETN Counterparty Risk N/A

The risk of default by the ETN counterparty.

Fund Closure Risk Low

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

Portfolio Disclosure Monthly

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

VT ETF.com Tradability Insight

Investors face few challenges trading VT. The fund sees about $20 million change hands on a typical day, with spreads averaging 0.05%. The fund is slightly tougher to trade for institutions: VT has moderate 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 12/08/2014)

Average Spread

Premium/Discount

Volume

VT ETF.com/ Block LiquidityAs of 12/19/2014

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

Avg. Daily Share Volume 452,766

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

Average Daily $ Volume $27.24 M

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

Median Daily Share Volume 366,101

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

(%) | 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." href="javascript:void(0)" class="term">Average Spread (%) 0.05%

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.

($) | The difference between the highest and lowest posted prices for an ETF, averaged over the past 45 days, in dollars." href="javascript:void(0)" class="term">Average Spread ($) $0.03

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

(12 Mo) | 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." href="javascript:void(0)" class="term">Max. Premium / Discount (12 Mo) 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 maximum 12-month period.

Impediment to Creations 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.

Market Hours Overlap 65.54%

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

(Shares) | 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." href="javascript:void(0)" class="term">Creation Unit Size (Shares) 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.

(45 Day Average) | 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." href="javascript:void(0)" class="term">Creation Unit/Day (45 Day Average) 1.83

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.

(%) | The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit." href="javascript:void(0)" class="term">Creation Unit Cost (%) 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.

Underlying Volume / Unit 0.16%

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.

Open Interest on ETF Options 1,526

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

ETF.com Implied Liquidity 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 entirely), 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 12/08/2014)

VT Sector/Industry BreakdownView All

Sector VT Segment Benchmark
Financials 21.97% 21.92%

Industrials 12.90% 12.94%

Consumer Cyclicals 12.90% 12.92%

Technology 12.27% 12.19%

Healthcare 10.69% 10.62%

Energy 7.73% 7.68%

Basic Materials 5.33% 5.47%

Utilities 3.27% 3.31%

VT Geographic ExposureView All

Countries VT Segment Benchmark
United States 51.65% 51.42%

Japan 7.47% 7.75%

United Kingdom 7.11% 7.15%

Canada 3.76% 3.46%

Switzerland 2.98% 3.01%

Germany 2.97% 2.95%

France 2.96% 2.94%

Australia 2.41% 2.49%

Hong Kong 1.73% 1.73%

Other 16.96% 17.09%

Regions VT Segment Benchmark
North America 55.41% 54.88%

Europe 22.97% 23.06%

Asia-Pacific 18.52% 19.17%

Latin America 1.69% 1.72%

Middle East & Africa 1.41% 1.16%

Developed /
Emerging Split
92.97% / 7.03% 92.96% / 7.04%

VT Performance Statistics

Beta 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.

Annualized Alpha 0.43%

The excess return of fund relative to ETF.com segment benchmark on a risk adjusted basis. Only reported if statistically significant.

Up Beta 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.

Down Beta 1.01

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.

Downside Standard Deviation 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.

Segment 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
6472 Holdings
Segment Benchmark
8900 Constituents
Shared Holdings
6004 (Count)
 
92.67% (Weight)
VTSegment Benchmark
Market Cap | The average market capitalization of the firms in the portfolio based on each firm’s weighting in the portfolio." href="javascript:void(0)" class="term">Weighted Average
Market Cap
$80.57 B$81.5 B

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

Size Split

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

Large (>12.9B)71%72%
Mid (>2.7B)21%21%
Small (>600M)7%7%
Micro (<600M)1%1%
Price / Book Ratio1.962.02

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

Dividend Yield2.14%2.14%

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

Holdings | 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." href="javascript:void(0)" class="term">Number Of
Holdings
89006472

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.

ConcentrationLowLow

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