VSS – Vanguard FTSE All-Wld ex-US SmCp ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to track the performance of a FTSE Global Small Cap ex U.S. Index that measures the investment return of stocks of international small-cap companies. The fund employs an indexing investment approach designed to track the performance of the FTSE Global Small Cap ex U.S. Index (the “Target Index”), a float-adjusted, market-capitalization-weighted index designed to measure equity market performance of international small-capitalization stocks. Under normal circumstances, it invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the stocks that make up the Target Index.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
VSS	Vanguard FTSE All-World ex-US Small-Cap Index Fund ETF Shares	ETF	Open			Apr 2, 2009	$11.14B	0.060%	—	—	$750.76M
VSS	Vanguard FTSE All-World ex-US Small-Cap Index Fund ETF Shares	ETF	Open	—		Apr 2, 2009	—	0.060%	—	—	—
VFSNX	Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares	Institutional	Open			Apr 2, 2009	$590.18M	0.080%	Low	$5M	−$61.62M
VFSAX	Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares	Institutional	Open			Feb 7, 2019	$1.62B	0.160%	Low	$3,000	−$82.12M

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