| |
Transaction
Fee on Purchases and Sales
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Reinvested Dividends
|
None
through Vanguard (Broker fees vary)
|
Transaction
Fee on Conversion to ETF Shares
|
None
through Vanguard (Broker fees vary)
|
| |
Management
Fees
|
|
12b-1
Distribution Fee
|
|
Other
Expenses
|
|
Total
Annual Fund Operating Expenses
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
$ |
$ |
$ |
$ |
|
Total
Return
|
Quarter
|
|
|
|
|
- |
|
|
1
Year
|
5
Years
|
10
Years
|
Vanguard
Total World Stock Index Fund ETF Shares
|
|
|
|
Based
on NAV
|
|
|
|
Return
Before Taxes
|
16.74% |
12.55% |
9.39% |
Return
After Taxes on Distributions
|
16.15 |
11.90 |
8.80 |
Return
After Taxes on Distributions and Sale of Fund Shares
|
10.14 |
9.86 |
7.54 |
Based
on Market Price
|
|
|
|
Return
Before Taxes
|
16.65 |
12.52 |
9.35 |
Comparative
Indexes
(reflect
no deduction for fees or expenses)
|
|
|
|
FTSE
Global All Cap Index
|
16.63% |
12.55% |
— |
FTSE
All-World Index
|
16.44 |
12.63 |
9.48 |
Spliced
Total World Stock Index
|
16.63 |
12.55 |
9.46 |
FTSE
Global All Cap Fair Value Index
|
16.71 |
12.60 |
— |
FTSE
Global All Cap ex US Index
|
11.24 |
9.07 |
5.22 |
Plain
Talk About Fund Expenses
|
All
funds have operating expenses. These expenses, which are deducted
from
a fund’s gross income, are expressed as a percentage of the net assets
of
the fund. Assuming that operating expenses remain as stated in the Fees
and
Expenses section, Vanguard Total World Stock Index Fund ETF Shares’
expense
ratio would be 0.08%, or $0.80 per $1,000 of average net assets.
The
average expense ratio for global funds in 2019 was 1.10%, or $11.00 per
$1,000
of average net assets (derived from data provided by Lipper, a
Thomson
Reuters Company, which reports on the fund industry).
|
Plain
Talk About Costs of Investing
|
Costs
are an important consideration in choosing an ETF. That is because
you,
as a shareholder, pay a proportionate share of the costs of operating a
fund
and any transaction costs incurred when the fund buys or sells
securities.
These costs can erode a substantial portion of the gross income
or
the capital appreciation a fund achieves. Even seemingly small differences
in
expenses can, over time, have a dramatic effect on a fund’s
performance.
|
Plain
Talk About International Investing
|
U.S.
investors who invest in foreign securities will encounter risks not
typically
associated with U.S. companies because foreign stock and bond
markets
operate differently from the U.S. markets. For instance, foreign
companies
and governments may not be subject to the same or similar
accounting,
auditing, legal, tax, and financial reporting standards and
practices
as U.S. companies and the U.S. government, and their stocks and
bonds
may not be as liquid as those of similar U.S. entities. In addition,
foreign
stock exchanges, brokers, companies, bond markets, and dealers
may
be subject to less government supervision and regulation than their
counterparts
in the United States. These factors, among others, could
negatively
affect the returns U.S. investors receive from foreign
investments.
|
Plain
Talk About Vanguard’s Unique Corporate Structure
|
The
Vanguard Group is owned jointly by the funds it oversees and thus
indirectly
by the shareholders in those funds. Most other mutual funds are
operated
by management companies that are owned by third parties—either
public
or private stockholders—and not by the funds they serve.
|
Plain
Talk About Distributions
|
As
a shareholder, you are entitled to your portion of a fund’s income from
interest
and dividends as well as capital gains from the fund’s sale of
investments.
Income consists of both the dividends that the fund earns from
any
stock holdings and the interest it receives from any money market and
bond
investments. Capital gains are realized whenever the fund sells
securities
for higher prices than it paid for them. These capital gains are
either
short-term or long-term, depending on whether the fund held the
securities
for one year or less or for more than one year.
|
|
Inception Date
|
Vanguard
Fund
Number
|
CUSIP
Number
|
Total
World Stock Index Fund
|
|
|
|
ETF
Shares |
6/24/2008
|
3141
|
922042742
|
|
Year Ended
October 31, | ||||
For
a Share Outstanding Throughout Each Period |
2020
|
2019
|
2018
|
2017
|
2016
|
Net
Asset Value, Beginning of Period
|
$76.83
|
$69.96
|
$72.13
|
$59.62
|
$59.34
|
Investment
Operations
|
|
|
|
|
|
Net
Investment Income |
1.5561
|
1.8011
|
1.7321
|
1.5121
|
1.443
|
Net
Realized and Unrealized Gain (Loss) on
Investments
|
2.078
|
6.825
|
(2.241)
|
12.528
|
0.204
|
Total
from Investment Operations |
3.634
|
8.626
|
(0.509)
|
14.040
|
1.647
|
Distributions
|
|
|
|
|
|
Dividends
from Net Investment Income |
(1.594)
|
(1.756)
|
(1.661)
|
(1.530)
|
(1.367)
|
Distributions
from Realized Capital Gains |
—
|
—
|
—
|
—
|
—
|
Total
Distributions |
(1.594)
|
(1.756)
|
(1.661)
|
(1.530)
|
(1.367)
|
Net
Asset Value, End of Period
|
$78.87
|
$76.83
|
$69.96
|
$72.13
|
$59.62
|
Total
Return
|
4.87%
|
12.60%
|
–0.82%
|
23.82%
|
2.89%
|
Ratios/Supplemental
Data
|
|
|
|
|
|
Net
Assets, End of Period (Millions) |
$14,070
|
$12,122
|
$11,372
|
$9,755
|
$6,112
|
Ratio
of Total Expenses to Average Net Assets |
0.08%
|
0.08%
|
0.09%
|
0.10%
|
0.11%
|
Ratio
of Net Investment Income to Average Net
Assets
|
2.03%
|
2.48%
|
2.32%
|
2.28%
|
2.50%
|
Portfolio
Turnover Rate2
|
6%
|
7%
|
9%
|
10%
|
15%
|