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VSSVanguardINDEX

Vanguard FTSE All-World ex-US Small Capital Index Fund

$159.14+1.05% today
13716352-WK

The fund employs an indexing investment approach designed to track the performance of the FTSE Global Small Cap ex US Index. The advisor attempts to sample the target index by investing all, or substantially all, of its assets in common stocks in the index and by holding a representative sample of securities that resembles the full index in terms of key risk factors and other characteristics.

Price & daily flows
157.1149.8142.5159.14DAILY NET FLOWAug 19Dec 16Apr 17Aug 19

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned +9.9% so far this year. At 0.070% a year it is not the cheapest way in — IJH runs the same ground at 0.05%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$8.8Bassets under management
0.070%expense ratio · $7 per $10,000 a year
net flow, trailing month
164Kavg daily volume, 30 days
4740holdings · US-domiciled
2009listed April 1, 2009 · beta 1.03
The book at a glance
RSG+0.8%NIC-0.8%CAT-4.7%PRU+0.1%HASSRE+1.6%SAPECL+1.6%NEU-0.2%SPGIEXABGCNI-0.0%AMP+0.4%VEA-1.8%EMR-2.7%KRE-0.7%TKO-1.6%ELV+2.3%BTO-0.9%IPO-2.8%BME+0.7%SON+0.8%BBY+2.2%ALK-3.8%PAG-0.5%HLI+1.7%PDI-2.0%WPP+2.7%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1RSGREPUBLIC SERVICES0.05%$216.98+0.8%
2NICNICOLET BANKSHARES0.04%$175.88-0.8%
3HCCWARRIOR MET COAL0.01%$97.71-0.5%
4AIRAAR0.01%$149.22-2.8%
5CATCATERPILLAR0.02%$840.85-4.7%
6PRUPRUDENTIAL FINANCIAL0.12%$124.67+0.1%
7THGHANOVER INSURANCE GROUP0.01%$223.15+0.5%
8PLUSEPLUS0.01%$86.62-0.2%
9HASHASBRO0.02%$93.97-1.1%
10SRESEMPRA0.05%$87.26+1.6%
11SAPSAP SE0.01%$210.44+1.2%
12ECLECOLAB0.02%$280.01+1.6%
13NEUNEWMARKET0.03%$950.10-0.2%
14SPGSIMON PROPERTY GROUP0.01%$220.74-0.3%
15IEXIDEX0.01%$234.36-3.0%

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Sector weights
Industrials21.96%
Finance18.66%
Consumer Discretionary15.71%
Information Technology13.61%
Technology13.07%
Financial Services11.62%
Consumer Cyclical11.41%
Financials11.3%
Materials11.02%
Basic Materials10.92%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
Canada14.53%
Japan13.31%
Taiwan8.66%
United Kingdom8.57%
India8.28%
Taiwan, Province of China8.17%
Taiwan (Province of China)7.69%
China4.78%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-0.3%
1 month+5.6%
3 months+0.7%
6 months+1.5%
YTD+9.9%
1 year
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
JulSepOct
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
16%realized volatility, 30 days (annualized)
17%realized volatility, 1 year
-11.6%deepest fall from a peak, 1 year
-2.2%where it sits vs. that peak today

The top holding is 0.3% of the book; the top ten carry 2%. Spread across 250+ names, it behaves like roughly 144 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
calls today
puts today
put/call ratio
363Kshares traded
Most-traded holdings, options premiumBullishBearish
CAT CATERPILLAR$26M$33M
DIA SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST$5M$7M
DIA SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST$5M$7M
EMR EMERSON ELECTRIC$2M$3M
SMR NUSCALE POWER$1M$3M

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

The case against VSS

Due diligence cuts both ways. These funds sit on the same shelf and beat VSS on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IJH iShares Core S&P Mid-Cap ETF0.05%$128.4B+$547M-2bp on fee · 15× the assets · +$547M in over the monthHead-to-head
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M-3bp on fee · 4× the assets · +$104M in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.4B+$520M-3bp on fee · 3× the assets · +$520M in over the monthHead-to-head
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF0.04%$18.7B+$312M-3bp on fee · 2× the assets · +$312M in over the monthHead-to-head
IEFA iShares Core MSCI EAFE ETF0.07%$195.3B+$631M22× the assets · +$631M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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