Difference between revisions of "Compare Vanguard international funds"

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(→‎Changes: add section on "Small Cap Additions to Funds". Update fund share class expense ratios.)
(→‎Table: for "Vanguard Developed Markets Index Fund" change "small cap" from "no" to "yes", to reflect Vanguard's changes in late 2015)
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| style="background:#f0f0f0;" |'''North America'''<ref name = "first">Refer back to first</ref>|| 7.2% (includes Canada) || 8.7% (includes Canada)|| 0.0% (no Canada included)
 
| style="background:#f0f0f0;" |'''North America'''<ref name = "first">Refer back to first</ref>|| 7.2% (includes Canada) || 8.7% (includes Canada)|| 0.0% (no Canada included)
 
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| style="background:#f0f0f0;" |'''Small Cap'''<ref name = "first">Refer back to first</ref>|| no || yes || no
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| style="background:#f0f0f0;" |'''Small Cap'''<ref name = "first">Refer back to first</ref>|| no || yes || yes
 
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| style="background:#f0f0f0;" |'''Inception Date''' || 3/8/2007 || 4/29/1996 || 8/5/2000
 
| style="background:#f0f0f0;" |'''Inception Date''' || 3/8/2007 || 4/29/1996 || 8/5/2000
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Revision as of 11:09, 2 January 2016


These are Vanguard's three broad international index funds. Any of the four is a good core international holding, and all three are eligible for the foreign tax credit, should have very low capital gains, and are thus suitable for taxable accounts. You might also add Vanguard Emerging Markets Index Fund if you hold Developed Markets Index (or a non-Vanguard international fund) which has no emerging markets, and Vanguard FTSE All-World Ex-US Small-Cap Fund if you hold one of the funds which has no small-caps.

Table

Vanguard FTSE All-World ex-US Index Fund Vanguard Total International Stock Index Fund Vanguard Developed Markets Index Fund
Symbol VFWIX VGTSX VDMIX
ETF ticker VEU VXUS VEA
Europe[1] 44.6% 44.0% 64.4%
Pacific[1] 23.3% 24.6% 34.9%
Emerging Mkts[1] 24.9% 22.7% 0.7%
North America[1] 7.2% (includes Canada) 8.7% (includes Canada) 0.0% (no Canada included)
Small Cap[1] no yes yes
Inception Date 3/8/2007 4/29/1996 8/5/2000
Initial Amount $3,000 $3,000 $3,000
Expense Ratio 0.35% 0.22% 0.22%
ETF Expense Ratio 0.15% 0.14% 0.09%
2009 Qualified Dividends 76.55% 69.75% 69.51%
Purchase fee 0.00% 0.00% 0.00%
Redemption fee 0.00% 0.00% 0.00%

Picture

Comparison of the different Vanguard International Funds
VanguardIntlFunds.jpg
Source: Differences among Vanguard International funds?, forum discussion, Dec 25, 2014.
No guarantees to accuracy.

Changes

Small Cap Additions to Funds

On June 02, 2015, Vanguard that four international equity index funds and ETFs will broaden their diversification by adding small-capitalization stocks to their investment portfolios. The funds are the Vanguard Emerging Markets Stock Index Fund (VWO and VEMAX), Vanguard Developed Markets Index Fund (VEA and VTMGX), Vanguard European Stock Index Fund (VGK and VEUSX), and Vanguard Pacific Stock Index Fund (VPL and VPADX). According to Vanguard: "The affected funds and ETFs are expected to begin the transition to more broadly diversified FTSE all-capitalization benchmarks in the third or fourth quarter of 2015. Under the new benchmarks, small-cap stocks will account for approximately 9% to 11% of each fund. Adding small-cap exposure will bring the funds closer to global market-cap weightings and offer diversification benefits to investors."[2]

2010

On September 24th, 2010, Vanguard announced a change in the index tracked by the Total International fund to the MSCI All Country World ex USA Investable Market Index, and introduced five additional share classes with lower expense ratios for larger holdings. The index change and introduction of admiral shares was completed in December 2010.[3]

Vanguard Total International Share Classes[4]
Share Class Minimum Balance Expense Ratio
Investor 0,000,00$3,000.00 0.22%
Admiral 0,000,00$10,000.00 0.14%
ETF See website 0.14%
Signal N/A0 0.14%
Institutional 0,000,0$5,000,000.00 0.12%
Institutional Plus 0,000,0$100,000,000.00 0.10%

The change in index means that Total International has regional coverage similar to FTSE All-World Ex-US, but with an added mixture of small-capitalization stocks not present in FTSE All-World Ex-US.

See also

References

  1. 1.0 1.1 1.2 1.3 1.4 All Holdings as of 2/28/2011 Cite error: Invalid <ref> tag; name "first" defined multiple times with different content Cite error: Invalid <ref> tag; name "first" defined multiple times with different content Cite error: Invalid <ref> tag; name "first" defined multiple times with different content Cite error: Invalid <ref> tag; name "first" defined multiple times with different content
  2. . Vanguard Vanguard announces 4 international index funds to broaden diversification https://personal.vanguard.com/us/insights/article/fund-announcement-062015 Vanguard announces 4 international index funds to broaden diversification Check |url= value (help). Retrieved 2 January 2016. Missing or empty |title= (help)
  3. New ETF share class planned for Vanguard Total International Stock Index Fund, September 24, 2010.
  4. Total International Stock ETF (VXUS), Vanguard Institutional Investors. Admiral shares are available to personal investors: Total International Stock Admiral (VTIAX). Viewed August 11, 2012.

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