Fund Facts  

Inception Date: Apr 30, 2007
CUSIP: 922042783
Ticker Symbol: VFWSX
Morningstar Category:Foreign Large Blend
As of Mar 31, 2018
Fund Net Assets ($millions) $38,277

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks of companies located in developed and emerging markets outside of the United States.

Principal Investment Strategies  

The fund employs an indexing investment approach designed to track the performance of the FTSE All-World ex US Index, a float-adjusted, market-capitalization-weighted index designed to measure equity market performance of international markets, excluding the United States. The index included 2,539 stocks of companies located in 46 countries, including both developed and emerging markets.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2018
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Vngrd FTSE All-World ex-US Idxa-0.50%-0.50%16.79%6.71%6.34%3.04%2.70%
FTSE All-World ex U.S. Indexa,b-1.13%-1.13%16.77%6.84%6.60%3.38%N/A
Morningstar Foreign Large Blenda,c-0.86%-0.86%15.20%5.75%6.21%2.64%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund Expensesa
Gross Expenses0.10%
Net Expenses0.10%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2018 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The FTSE All-World ex. U.S. Index is comprised of large (83%) and mid (17%) cap stocks providing coverage of Developed and Emerging Markets (47 countries) excluding the U.S. The index is derived from the FTSE Global Equity Index Series (GEIS), which covers 98% of the world's investable market capitalization.

c. The Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Mar 23, 2018Mar 23, 2018$0.309600000
Dec 20, 2017Dec 20, 2017$0.915500000
Sep 19, 2017Sep 19, 2017$0.592000000
Jun 20, 2017Jun 20, 2017$1.065000000
Mar 21, 2017Mar 21, 2017$0.306000000
Dec 19, 2016Dec 19, 2016$0.738000000
Sep 12, 2016Sep 12, 2016$0.499000000
Jun 13, 2016Jun 13, 2016$1.050000000
Mar 14, 2016Mar 14, 2016$0.295000000
Dec 18, 2015Dec 18, 2015$0.664000000
Sep 24, 2015Sep 24, 2015$0.456000000
Jun 25, 2015Jun 25, 2015$1.101000000
Mar 24, 2015Mar 24, 2015$0.325000000
Dec 19, 2014Dec 19, 2014$0.750000000
Sep 23, 2014Sep 23, 2014$0.533000000
Jun 23, 2014Jun 23, 2014$1.208000000
Mar 24, 2014Mar 24, 2014$0.779000000
Dec 19, 2013Dec 19, 2013$0.770000000
 

Morningstar Information

Morningstar RatingTM   As of Mar 31, 2018
Period Stars Category Size
Overall 3 Stars605
3-Year 4 Stars605
5-Year 3 Stars536
10-Year 3 Stars355

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Mar 31, 2018
Equity Stylebox
Large Blend
Allocation of Assets As of Feb 28, 2018
Type of Asset Percent
Equity93%
Fixed Income0%
Cash/Other7%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Feb 28, 2018
Asset ClassPercent
Domestic Stock0.7%
Foreign Stock92.2%
Domestic Bond0.1%
Foreign Bond0.2%
Preferred0.1%
Convertible0.0%
Cash1.3%
Other5.6%

Due to rounding, percentages shown may not add up to 100%.

 
Equity Sector As of Feb 28, 2018
SectorPercent
Financial Services20.7%
Technology10.8%
Industrials10.7%
Consumer Cyclical10.4%
Consumer Defensive9.1%
Basic Materials8.1%
Healthcare7.3%
Energy6.1%
Communication Services3.9%
Real Estate3.1%
Utilities2.7%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Country Exposure As of Feb 28, 2018
CountryPercent
Japan17.2%
United Kingdom11.6%
Germany6.2%
France6.1%
China6.0%
Canada5.5%
Switzerland5.1%
Australia4.4%
South Korea3.5%
Taiwan2.5%
Top Ten Holdings As of Feb 28, 2018
Holding NamePercent
Tencent Holdings Ltd1.3%
Nestle SA1.1%
HSBC Holdings PLC0.9%
Novartis AG0.8%
Toyota Motor Corp0.8%
Roche Holding AG Dividend Right Cert.0.7%
Taiwan Semiconductor Manufacturing Co Ltd ADR0.7%
Samsung Electronics Co Ltd GDR0.7%
Royal Dutch Shell PLC Class A0.6%
British American Tobacco PLC0.6%
 

Statistics

Portfolio Statistics As of Mar 31, 2018
Statistic3-Year5-Year
Beta0.940.97
Alpha0.470.19
Standard Deviation11.8411.62
 
 

Footnotes

1.

Please read the fund's prospectus or disclosure materials carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2018 Morningstar, Inc.™ All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.