Total International Stock Index Fund Institutional Plus Shares (VTPSX)

Another share class of this strategy has an earlier inception date, and therefore has more performance and price history.

 
 

OPTIONS as of
02/27/2014

Options Expense ratio Minimum
Admiral 0.14% N/A
Signal 0.14% N/A
Investor 0.22% $3,000
Inst 0.12% $5,000,000
Inst Plus 0.10% $100,000,000
ETF 0.14% Note

Vanguard ETF Shares can be bought and sold only through a broker (who may charge a commission) and cannot be redeemed with the issuing fund. The market price of Vanguard ETF Shares may be more or less than net asset value.

About our options  


 

Fees

Purchase fee:

A fee charged by some mutual funds when an investor buys shares. This fee is not a sales charge or load because it is paid directly to the fund to offset the costs of trading certain securities.

 None
Redemption fee:

A fee charged by some mutual funds when an investor sells shares. A redemption fee differs from a back-end load because the money is paid back into the fund. Many funds charge redemption fees only when shares are bought and then sold within a specific period of time, generally in an effort to discourage market-timing and short-term trading. Some brokers also charge their clients redemption fees for the sale of securities.

 None

KEY FACTS

DesignationInternational Large Blend
VTPSX
 inception on 11/30/2010
Earliest share class inception on 04/29/1996
$120.4 billion total net assets

This represents the total net assets for all share classes of Vanguard's U.S. funds, as well as any collective trust that shares the same investment strategy, management and holdings.

 as of 03/31/2014
$28.2 billion net assets for
VTPSX
 as of 03/31/2014
5,689 holdings as of 03/31/2014
Indexed to the FTSE Global All Cap ex US Index (TGPVAN17)
Turnover rate (Fiscal year-end  10/31/2013) 4.90%

STYLEBOX

Stock
Diversified index portfolio of non-US stocks representing the major developed and emerging equity markets.



Expected range
Central tendency

About our styleboxes  

Investment approach



  • Seeks to track the performance of the FTSE Global All Cap ex US Index.
  • Broad exposure across developed and emerging non-U.S. equity markets.
  • Passively managed.
  • Fund remains fully invested.
  • Low expenses minimize net tracking error.

Total returns

View as:

as of 03/31/2014

15%
10
5
0%
 
 
 
  1 year 3 year 5 year 10 year Since inception

11/30/2010

NAV 
12.83% 4.47% 7.50%
Benchmark

Spliced Total International Stock Index

*
12.79% 4.32%
Fair value impact

In order to determine the performance of the fund prior to adjustments for fair value pricing, simply subtract the Fair value impact figure from the NAV performance figure. For example, by subtracting -0.09% from 18.23%, we arrive at a performance figure of 18.32% [18.23% - (-0.09%) = 18.32%].

– 0.02% 0.05%

Note: Fee adjusted for mutual funds where applicable.

* Total International Composite Index through August 31, 2006; MSCI EAFE + Emerging Markets Index through December 15, 2010; MSCI ACWI ex USA IMI Index through June 2, 2013; and FTSE Global All Cap ex US Index thereafter. 

The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited.


Regional exposure as of 03/31/2014

  Region  VTPSX Benchmark

FTSE Global All Cap ex US Index

+/- Weight
Europe 47.7% 47.7% 0.0%
Pacific 27.3% 27.4% – 0.1%
Emerging Markets 17.4% 17.3% 0.1%
North America 7.1% 7.1% 0.0%
Middle East 0.5% 0.5% 0.0%
0%
50%
Total 100.0% 100.0%  

Top 10 countries as of 03/31/2014

Country Region VTPSX Benchmark

FTSE Global All Cap ex US Index

+/- Weight
United Kingdom Europe 15.3% 15.3% 0.0%
Japan Pacific 14.8% 14.9% – 0.1%
Canada North America 7.1% 7.1% 0.0%
France Europe 6.6% 6.6% 0.0%
Germany Europe 6.4% 6.4% 0.0%
Switzerland Europe 6.2% 6.3% – 0.1%
Australia Pacific 5.6% 5.6% 0.0%
China Emerging Markets 3.6% 3.6% 0.0%
Korea Pacific 3.2% 3.2% 0.0%
Taiwan Emerging Markets 2.8% 2.8% 0.0%
Top 10 equals 71.6% of stock

Country diversification details  

Sector weightings as of 03/31/2014

  Sector  VTPSX Benchmark

FTSE Global All Cap ex US Index

+/- Weight
Financials 25.8% 25.7% 0.1%
Consumer Goods 15.0% 15.0% 0.0%
Industrials 14.2% 14.1% 0.1%
Basic Materials 8.5% 8.5% 0.0%
Oil & Gas 8.4% 8.5% – 0.1%
Consumer Services 8.1% 8.2% – 0.1%
Health Care 7.3% 7.3% 0.0%
Technology 4.7% 4.7% 0.0%
Telecommunications 4.5% 4.5% 0.0%
Utilities 3.5% 3.5% 0.0%
Other 0.0% 0.0% 0.0%
0%
30%
Total 100.0% 100.0%

Sector categories are based on the Industry Classification Benchmark system.

Top 10 holdings as of 03/31/2014

Rank Holding
1 Nestle SA
2 Royal Dutch Shell plc
3 Roche Holding AG
4 Novartis AG
5 HSBC Holdings plc
6 BHP Billiton Ltd.
7 Toyota Motor Corp.
8 BP plc
9 Samsung Electronics Co. Ltd.
10 Total SA
Top 10 equals 8.4% of net assets

Portfolio holdings may exclude any temporary cash investments and equity index products.

Holdings policy for this fund  

Fundamentals

Stockas of 03/31/2014 VTPSX Benchmark

FTSE Global All Cap ex US Index

Number of stocks 5,689 5,472
Median market cap $26.4 billion $26.4 billion
P/E ratio 16.7x 16.6x
P/B ratio 1.6x 1.6x
Turnover rate 4.9% Fiscal year end 10/2013 N/A
% Emerging 17.40% 17.30%
% Developed 82.60% 82.70%

Risk and volatility as of 03/31/2014

  VTPSX Benchmark

Spliced Total International Stock Index

R-squared N/A 0.98
Beta N/A 1.00
Alpha 0.00 N/A
Standard deviation 17.06% 16.86%
Sharpe ratio 0.25 0.25

Risk and volatility are based on the share class with the earliest inception date.

Risk measures are calculated from trailing 36-month fund returns relative to the associated benchmarks.

An investment in the fund could lose money over short or even long periods. You should expect the fund’s share price and total return to fluctuate within a wide range, like the fluctuations of the overall stock market. The fund’s performance could be hurt by:

  • Stock market risk: The chance that stock prices overall will decline. Stock markets tend to move in cycles, with periods of rising stock prices and periods of falling stock prices. The fund’s investments in foreign stock markets can be riskier than U.S. stock investments. The prices of foreign stocks and the prices of U.S. stocks have, at times, moved in opposite directions. In addition, the fund’s target index may, at times, become focused in stocks of a particular sector, category, or group of companies.
  • Country/regional risk: The chance that world events—such as political upheaval, financial troubles, or natural disasters—will adversely affect the value of securities issued by companies in foreign countries or regions. Because the fund may invest a large portion of its assets in securities of companies located in any one country or region, its performance may be hurt disproportionately by the poor performance of its investments in that area. Country/regional risk is especially high in emerging markets.
  • Currency risk: The chance that the value of a foreign investment, measured in U.S. dollars, will decrease because of unfavorable changes in currency exchange rates.
  • Investment style risk: The chance that returns from small- and mid-capitalization stocks, to the extent that the fund invests in them, will trail returns from the overall stock market. Historically, these stocks have been more volatile in price than the large-cap stocks that dominate the overall market, and they often perform quite differently.
  • Emerging markets risk: The chance the stocks of companies located in emerging markets will be substantially more volatile, and substantially less liquid, than the stocks of companies located in more developed foreign markets.



 
 
 
 

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