Vanguard Australian Property Securities Index ETF (VAP)
About this Fund
|Vanguard Investments Australia
|EXCHANGE TRADED FUNDS
The Vanguard Australian Property Securities Index ETF seeks to track the return of the S&P/ASX 300 A-REIT Index before
|The Fund seeks to track the return of the Benchmark before taking into account fees, expenses and tax.
|S&P/ASX 300 A-REIT Index
|S&P/ASX 300 A-REIT Index
|NO. OF HOLDINGS
Benefits of investing with Vanguard
Competitive long-term performance
Vanguard's investment approach provides investors with an efficient way to capture long-term market performance.
The Fund invests in a diversified portfolio of securities, which means the Fund is less exposed to the performance fluctuations of individual securities.
Low cost investing
The Fund has low ongoing fees as we strive to minimise the costs of managing and operating the Fund.
Buy and hold investors seeking long-term capital growth, some tax-effective income, and with a higher tolerance for the risks associated with share market volatility.
Buy and hold investors seeking long-term capital growth, some tax-effective income, and with a higher tolerance for the risks associated with share market volatility
About the Fund
The ETF provides a low-cost way to invest in property securities listed on the Australian Securities Exchange. The property sectors in which the ETF invests include retail, office, industrial and diversified. The ETF offers potential long-term capital growth and tax-effective income that may include a tax-deferred component.
What is an ETF?
An ETF is an Exchange Traded Fund, which is quoted for trading on the AQUA market of the ASX (in this case, it is the CDIs that are quoted for trading on the AQUA market of the ASX). Generally, these exchange traded funds comprise broadly diversified investment portfolios of either shares, bonds or real estate securities and are constructed using an indexed investment methodology.
ETFs seek to combine the best features of index managed funds and listed shares in one investment. Vanguard ETFs come with the benefits of low cost, broad diversification, transparency and tax efficiency due to low turnover of the underlying securities. However, unlike traditional index funds which are priced only once per day, ETF securities trade on a stock exchange so they can be bought and sold at any time during the trading day at prevailing market prices. ETFs carry certain risks (refer to the section 2. Risks' in the PDS for further details).
Who is Vanguard?
Vanguard Investments Australia Ltd (Vanguard) is a wholly owned subsidiary of The Vanguard Group, Inc. With more than AUD$6.9 trillion in assets under management as of 31 December 2018, including over AUD$1.2 trillion in ETFs; The Vanguard Group Inc is one of the world's largest global investment management companies. In Australia, Vanguard has been serving financial advisers, retail clients and institutional investors for more than 20 years.
How we invest your money
The Vanguard Australian Property SecuritiesIndex ETF seeks to track the return of the S&P/ASX 300 A-REIT Index beforetaking into account fees, expenses, and tax. The S&P/ASX 300 A-REIT Indexwas not created by, and is not managed by, a related body corporate ofVanguard.
The Fund meets its investment objective byholding all of the securities in the S&P/ASX 300 A-REIT Index (at mosttimes) allowing for individual security weightings to vary marginally from theIndex from time to time. The Fund may invest in securities that have beenremoved from or are expected to be included in the Index.
The S&P/ASX Australian Indices arereal-time, market capitalisation-weighted indices that include the largest andmost liquid stocks in the Australian equity market listed on the ASX. TheS&P/ASX 300 A-REIT Index is a sector-level index comprising of Real EstateInvestment Trusts included in the S&P/ASX 300 Index.
Index rebalancing occurs semi-annually inMarch and September.
For information regarding the benchmarkindex values, returns, and methodology please refer to Standard & Poor's website https://au.spindices.com