Vanguard FTSE All-World ex-U.S. Small-Cap ETF has an extensive, well-diversified portfolio and ultra-low fee that should prove tough to beat. Morningstar's new ratings framework has recognized this fund's low expense ratio as a substantial advantage over its category peers. As a result, we are upgrading the low-cost exchange-traded fund and Institutional share classes to Gold from Bronze, while the more expensive Admiral share class earns a Silver rating.
Will VFSNX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VFSNX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VFSNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of VFSNX’s parent organization’s priorities and whether they’re in line with investors’ interests.