| |
Transaction
Fee on Purchases and Sales
|
|
Transaction
Fee on Reinvested Dividends
|
|
| |
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 |
Since
Fund
Inception |
Fund
Inception
Date |
Vanguard
ESG International Stock ETF Shares |
|
|
|
Based
on NAV |
|
|
|
Return Before
Taxes |
|
|
|
Return After
Taxes on Distributions |
|
|
|
Return After
Taxes on Distributions and Sale of Fund
Shares |
|
|
|
Based
on Market Price |
|
|
|
Return Before
Taxes |
|
|
|
FTSE
Global All Cap ex US Choice Index
(reflects no
deduction for fees or expenses) |
|
|
|
FTSE
Global All Cap ex US Index
(reflects no
deduction for fees or expenses) |
|
|
|
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 ESG International Stock ETF Shares’
expense
ratio would be 0.12%, or $1.20 per $1,000 of average net assets.
The
average expense ratio for international multi-cap core funds in 2020 was
0.92%,
or $9.20 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
|
ESG
International Stock ETF
|
9/18/2018
|
4394
|
921910725
|
|
Year Ended August
31, |
September 18,
20181 to
August
31, | |
For a
Share Outstanding Throughout Each Period |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Period |
$52.38 |
$48.09 |
$50.00 |
Investment
Operations |
|
|
|
Net
Investment Income2
|
1.295 |
1.192 |
1.529 |
Net
Realized and Unrealized Gain (Loss) on Investments |
11.907 |
4.138 |
(2.714) |
Total from
Investment Operations |
13.202 |
5.330 |
(1.185) |
Distributions |
|
|
|
Dividends
from Net Investment Income |
(1.242) |
(1.040) |
(.725) |
Distributions
from Realized Capital Gains |
— |
— |
— |
Total
Distributions |
(1.242) |
(1.040) |
(.725) |
Net
Asset Value, End of Period |
$64.34 |
$52.38 |
$48.09 |
Total
Return |
25.45% |
11.23% |
-2.36% |
Ratios/Supplemental
Data |
|
|
|
Net
Assets, End of Period (Millions) |
$2,561 |
$1,205 |
$418 |
Ratio of
Total Expenses to Average Net Assets |
0.12% |
0.15% |
0.17%3,4
|
Ratio of
Net Investment Income to Average Net Assets |
2.14% |
2.45% |
3.30%3
|
Portfolio
Turnover Rate5
|
7% |
12% |
22%
|
|
|
1 |
Inception. |
2 |
Calculated
based on average shares outstanding. |
3 |
Annualized. |
4 |
The ratio of
expenses to average net assets for the period net of reduction from
custody fee offset arrangements
was
0.15%. |
5 |
Excludes the
value of portfolio securities received or delivered as a result of in-kind
purchases or redemptions of
the fund’s
capital shares, including ETF Creation Units.
|