Vanguard FTSE All-World ex-US Index Fund |
Vanguard FTSE All-World ex-US Small-Cap Index Fund |
Your Fund’s Performance at a Glance
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1 |
About Your Fund’s Expenses
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2 |
FTSE All-World ex-US Index Fund
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4 |
FTSE All-World ex-US Small-Cap Index Fund
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54 |
• | For the 12 months ended October 31, 2023, Vanguard FTSE All-World ex-US Index Fund returned about 13%. Vanguard FTSE All-World ex-US Small-Cap Index Fund returned more than 8%. |
• | Early on, inflation in many developed markets eased off multidecade highs amid ongoing interest rate hikes by central banks. Unexpected resilience in labor markets and consumer spending helped dial back expectations of a sustained global recession, but the prospect of higher interest rates for longer and heightened geopolitical tensions weighed on market sentiment toward the close of the period. |
• | By region, Europe contributed most to returns for the FTSE All-World ex-US Index Fund, while the Middle East detracted from performance. For the FTSE All-World ex-US Small-Cap Index Fund, four of the five regions represented within the index contributed to performance. Emerging markets made the greatest contribution while the Middle East lagged. |
• | For the FTSE All-World ex-US Index Fund, all 11 industry sectors contributed positively to fund performance, with financials and technology stocks the greatest contributors. For the FTSE All-World ex-US Small-Cap Index Fund, seven industry sectors contributed positively to performance. Technology, industrials, and financials were the strongest performers, while the utilities sector was the top detractor. |
Average Annual Total Returns Periods Ended October 31, 2023 | |||
One Year | Three Years | Five Years | |
Stocks | |||
Russell 1000 Index (Large-caps) | 9.48% | 9.53% | 10.71% |
Russell 2000 Index (Small-caps) | -8.56 | 3.95 | 3.31 |
Russell 3000 Index (Broad U.S. market) | 8.38 | 9.19 | 10.23 |
FTSE All-World ex US Index (International) | 12.35 | 3.51 | 3.88 |
Bonds | |||
Bloomberg
U.S. Aggregate Float Adjusted Index (Broad taxable market) |
0.53% | -5.51% | 0.03% |
Bloomberg
Municipal Bond Index (Broad tax-exempt market) |
2.64 | -2.48 | 1.00 |
FTSE Three-Month U.S. Treasury Bill Index | 4.94 | 1.93 | 1.80 |
CPI | |||
Consumer Price Index | 3.24% | 5.72% | 4.00% |
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended October 31, 2023 | |||
Beginning Account Value 4/30/2023 |
Ending Account Value 10/31/2023 |
Expenses Paid During Period | |
Based on Actual Fund Return | |||
FTSE All-World ex-US Index Fund | |||
ETF Shares | $1,000.00 | $935.20 | $0.34 |
Admiral™ Shares | 1,000.00 | 935.00 | 0.59 |
Institutional Shares | 1,000.00 | 935.20 | 0.44 |
Institutional Plus Shares | 1,000.00 | 935.30 | 0.29 |
FTSE All-World ex-US Small-Cap Index Fund | |||
ETF Shares | $1,000.00 | $925.80 | $0.39 |
Admiral Shares | 1,000.00 | 925.40 | 0.83 |
Institutional Shares | 1,000.00 | 925.60 | 0.58 |
Six Months Ended October 31, 2023 | |||
Beginning Account Value 4/30/2023 |
Ending Account Value 10/31/2023 |
Expenses Paid During Period | |
Based on Hypothetical 5% Yearly Return | |||
FTSE All-World ex-US Index Fund | |||
ETF Shares | $1,000.00 | $1,024.85 | $0.36 |
Admiral Shares | 1,000.00 | 1,024.60 | 0.61 |
Institutional Shares | 1,000.00 | 1,024.75 | 0.46 |
Institutional Plus Shares | 1,000.00 | 1,024.90 | 0.31 |
FTSE All-World ex-US Small-Cap Index Fund | |||
ETF Shares | $1,000.00 | $1,024.80 | $0.41 |
Admiral Shares | 1,000.00 | 1,024.35 | 0.87 |
Institutional Shares | 1,000.00 | 1,024.60 | 0.61 |
Average Annual Total Returns Periods Ended October 31, 2023 | |||||
One Year |
Five Years |
Ten Years |
Final
Value of a $10,000 Investment | ||
FTSE All-World ex-US Index Fund ETF Shares Net Asset Value | 12.90% | 3.96% | 2.96% | $13,382 | |
FTSE All-World ex-US Index Fund ETF Shares Market Price | 12.91 | 4.04 | 2.96 | 13,393 | |
FTSE All-World ex US Index | 12.35 | 3.88 | 2.94 | 13,362 | |
FTSE Global All Cap ex US Index | 11.93 | 3.75 | 2.89 | 13,301 |
One Year |
Five Years |
Ten Years |
Final
Value of a $10,000 Investment | ||
FTSE All-World ex-US Index Fund Admiral Shares | 12.86% | 3.91% | 2.93% | $13,350 | |
FTSE All-World ex US Index | 12.35 | 3.88 | 2.94 | 13,362 | |
FTSE Global All Cap ex US Index | 11.93 | 3.75 | 2.89 | 13,301 |
One Year |
Five Years |
Ten Years |
Final
Value of a $5,000,000 Investment | ||
FTSE All-World ex-US Index Fund Institutional Shares | 12.89% | 3.94% | 2.96% | $6,691,560 | |
FTSE All-World ex US Index | 12.35 | 3.88 | 2.94 | 6,681,042 | |
FTSE Global All Cap ex US Index | 11.93 | 3.75 | 2.89 | 6,650,389 |
One Year |
Five Years |
Ten Years |
Final
Value of a $100,000,000 Investment | ||
FTSE All-World ex-US Index Fund Institutional Plus Shares | 12.91% | 3.96% | 2.98% | $134,124,900 | |
FTSE All-World ex US Index | 12.35 | 3.88 | 2.94 | 133,620,840 | |
FTSE Global All Cap ex US Index | 11.93 | 3.75 | 2.89 | 133,007,770 |
One Year |
Five Years |
Ten Years | |
FTSE All-World ex-US Index Fund ETF Shares Market Price | 12.91% | 21.87% | 33.93% |
FTSE All-World ex-US Index Fund ETF Shares Net Asset Value | 12.90 | 21.41 | 33.82 |
FTSE All-World ex US Index | 12.35 | 20.98 | 33.62 |
Japan | 16.3% |
United Kingdom | 9.9 |
China | 8.3 |
France | 7.2 |
Canada | 6.1 |
Switzerland | 6.0 |
Germany | 5.1 |
India | 5.0 |
Australia | 4.9 |
Taiwan | 4.3 |
South Korea | 3.3 |
Netherlands | 2.7 |
Denmark | 2.0 |
Sweden | 1.9 |
Italy | 1.8 |
Hong Kong | 1.7 |
Spain | 1.6 |
Brazil | 1.6 |
Saudi Arabia | 1.2 |
Other | 9.1 |