Vanguard International Shares Index Fund
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/100065-2024-02-16-03:35.pdf |
FUND MANAGER | Vanguard Investments Australia |
ASX Code | |
APIR | VAN0003AU |
ASSET CLASS | EXCHANGE TRADED FUNDS |
INVESTMENT STYLE | The Fund seeks to track the return of the FTSE EPRA/NAREIT Developed ex Australia Rental index, Australian Dollar Hedged |
INVESTMENT PROFILE | The Fund seeks to track the return of the MSCI World ex-Australia (with net dividends reinvested) in Australian dollars Index before taking into account fees, expenses and tax. |
CURRENCY MANAGEMENT | Unhedged |
INCEPTION DATE | 06-06-1997 |
BENCHMARK | MSCI World ex-Australia (with net dividends reinvested) in Australian dollars Index |
FUND SIZE | MSCI World ex-Australia (with net dividends reinvested) in Australian dollars Index |
DISTRIBUTION FREQUENCY | Quarterly |
NO. OF HOLDINGS | 1000+ |
FEES | 0.18% p.a. |
STRUCTURE |
Benefits
Benefits | Benefits of investing in the Vanguard International Shares Index FundThe significant features and benefits of investing in the Fund include:
The significant features and benefits of investing with Vanguard include:
Risk Level - HighThe potential for higher returns than lower risk investments, however there is the higher potential for below-average returns and/or some loss of capital. Investor SuitabilityBuy and hold investors seeking long-term capital growth, some income, international diversification, and with a higher tolerance for the risks associated with share market volatility. |
RISK LEVEL | High: The potential for higher returns than lower risk investments, however there is the higher potential for below average returns and/or loss of capital |
INVESTOR SUITABILITY | Buy and hold investors seeking long-term capital growth and some income that is relatively unaffected by currency fluctuations, and with a higher tolerance for the risks associated with share market volatility |
Risks
Title | |
Detail |
Key Features
While maintaining the objective of a fund, Vanguard tries to minimise the transaction costs associated with managing cash flows and making adjustments for index or benchmark changes. Cash and liquidity managementTo manage day-to-day transaction requirements such as investor withdrawals and collateral requirements, the Fund may maintain a variable balance of cash. To effectively manage this cash, the Fund may transact in cash equivalent instruments that aim to preserve capital and provide liquidity to the Fund. Cash equivalent instruments include, but are not limited to, high quality short-term money market instruments and short dated debt securities such as government issued securities, government-related (semi-government) issued securities and repurchase agreements, where a high quality government or government related security is received or provided as collateral for the term of the agreement. Derivative financial instrumentsA fund may utilise over-the-counter and exchange traded derivatives such as futures, forwards and swaps, to help achieve its investment objective. Derivative financial instruments may be used for the purposes of maintaining fund liquidity and managing market exposure. Derivative financial instruments will not be used to leverage the assets of the Funds. BorrowingsWhile the Funds' constitutions permit borrowing, Vanguard does not currently intend to borrow for the purposes of gearing. A Fund will only borrow where Vanguard believes it is in the best interests of investors to do so. |
Mandate
Investment strategy and investment return objectiveThe Fund seeks to track the return of the MSCI World ex-Australia Index (with net dividends reinvested) in Australian dollars before taking into account fees, expenses, and tax. The MSCI World ex-Australia Index comprises securities (shares) listed on the exchanges of the world's major developed economies. The Fund will hold most of the securities in the index, allowing for individual security weightings to vary marginally from the index from time to time. The Fund may invest in securities that have been removed from or are expected to be included in the index. Strategic asset allocation*International shares 100% *This is a targeted strategic asset allocation. In addition, cash may be held for the purposes of liquidity management and derivatives may be used to manage market exposure. |