The Fund employs a passive management – or indexing – investment approach and seeks to track the performance of the FTSE Developed All Cap Choice Index (the “Index”).
The Index is a market-capitalisation-weighted index composed of large-, mid-, and small-cap stocks of companies located in developed markets around the world. Market-capitalisation is the value of a company’s outstanding shares in the market and shows the size of a company. The Index is constructed from the FTSE Developed All Cap Index (the “Parent Index”) which is then screened for certain environmental, social, and corporate governance criteria by the sponsor of the Index, which is independent of Vanguard.
The Fund promotes environmental and social characteristics by excluding companies from its portfolio based on the impact of their conduct or products on society and / or the environment. This is met by tracking the Index.
The Index excludes stocks of companies that FTSE Russell, as both the sponsor of the Index and the data source, determines to be engaged or involved in, and / or derive revenue (above a threshold specified by the Index provider) from, the following activities: (a) Vice Products (i.e., adult entertainment, alcohol, gambling, tobacco, cannabis); (b) Non-Renewable Energy (i.e., nuclear power, fossil fuels (including power generation from oil, gas, and thermal coal)); and (c) Weapons (chemical & biological weapons, cluster munitions, anti-personnel landmines, nuclear weapons, civilian firearms, and conventional military weapons). The index methodology also excludes companies that, as determined by the Index provider, are involved in severe controversies (i.e., companies which do not meet the labour, human rights, environmental, and anticorruption standards as defined by the United Nations Global Compact Principles).
The Fund may hold securities which do not comply with the ESG requirements of the Index until such time as the relevant securities cease to form part of the Index and it is possible and practicable (in the Investment Manager’s view) to liquidate the position.
Where FTSE Russell has insufficient or no data available to adequately assess a particular company relative to the ESG criteria of the Index, such companies may be excluded from the Index until such time as they may be determined to be eligible by FTSE Russell.
Company product and conduct involvement is monitored on a yearly basis by the Index provider and as new data is made available to the Index provider.
In this regard, the Index is consistent with the characteristics promoted by the Fund.
Fund facts
Share class inception
17 May 2022
Minimum initial investment
CHF 100,000,000.00
Investment structure
Irish UCITS
Share Class Assets'
Total Assets
Strategy
Index
Asset Class
Equity
Domicile
Ireland
Dividend schedule
—
Tax status
Germany and Switzerland reporting
Currency
CHF
Legal entity
Vanguard Investment Series PLC
Investment manager
—
Benchmark
FTSE Developed All Cap Choice Index in CHF
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Performance
Total Returns (net of fees)
-
Risk and Volatility
As at 31 Oct 2023
Beta
—
R²
—
Annualized Tracking Error
1 year
3 years
—
5 years
—
Please note Beta and R-squared data will only display for funds with 3 full years of history.
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Portfolio data
Characteristics
As at 31 Oct 2023
Fundamentals
Fund
Benchmark
Number of stocks
4,405
4,871
Median market capital
84.7 B
85.0 B
18.5 x
18.5 x
2.6 x
2.6 x
20.9%
20.9%
15.5%
15.5%
Portfolio turnover rate (As at 30 Sep 2023)
-28.4%
—
Market allocation
As at 31 Oct 2023
Country
Region
Fund
Benchmark
Variance +/-
United States of America
North America
70.4%
70.4%
0.0%
Japan
Pacific
7.2%
7.2%
0.0%
United Kingdom
Europe
3.1%
3.1%
0.0%
Switzerland
Europe
2.7%
2.7%
0.0%
Canada
North America
2.6%
2.6%
0.0%
Germany
Europe
2.0%
2.0%
0.0%
Australia
Pacific
2.0%
1.9%
0.1%
France
Europe
1.7%
1.7%
0.0%
South Korea
Pacific
1.6%
1.6%
0.0%
Netherlands
Europe
1.2%
1.2%
0.0%
Denmark
Europe
1.0%
1.0%
0.0%
Sweden
Europe
0.8%
0.8%
0.0%
Italy
Europe
0.7%
0.7%
0.0%
Spain
Europe
0.6%
0.6%
0.0%
Hong Kong
Pacific
0.6%
0.7%
-0.1%
Holdings details
As at 31 Oct 2023
Holding name
% of market value
Sector
Region
Market value
Shares
Apple Inc.
5.39240%
Computer Hardware
US
CHF 214,769,915.12
1,257,656
Microsoft Corp.
5.32437%
Software
US
CHF 212,060,225.23
627,193
Amazon.com Inc.
2.53655%
Diversified Retailers
US
CHF 101,026,356.47
759,083
NVIDIA Corp.
2.05001%
Semiconductors
US
CHF 81,648,084.80
200,216
Alphabet Inc. Class A
1.56017%
Consumer Digital Services
US
CHF 62,138,643.60
500,795
Facebook Inc. Class A
1.41004%
Consumer Digital Services
US
CHF 56,159,439.43
186,409
Alphabet Inc. Class C
1.34830%
Consumer Digital Services
US
CHF 53,700,322.20
428,574
Tesla Inc.
1.17264%
Automobiles
US
CHF 46,704,337.80
232,545
UnitedHealth Group Inc.
1.05474%
Health Care Management Services
US
CHF 42,008,255.28
78,438
Eli Lilly & Co.
0.99263%
Pharmaceuticals
US
CHF 39,534,538.03
71,371
Prices and distribution
Prices
NAV Price (CHF)
CHF 107.27
Change
-CHF 0.38-0.35%
At closure 04 Dec 2023
NAV 52-week high
CHF 108.61
At closure 05 Dec 2023
NAV 52-week low
CHF 91.13
At closure 05 Dec 2023
NAV 52-week difference
CHF 17.48
Change
+16.10%
At closure 05 Dec 2023
Historical Prices
-
Inception date
17 May 2022
Date
NAV (CHF)
04 Dec 2023
CHF 107.2680
01 Dec 2023
CHF 107.6437
30 Nov 2023
CHF 106.8944
29 Nov 2023
CHF 106.5683
28 Nov 2023
CHF 106.4295
27 Nov 2023
CHF 106.4513
24 Nov 2023
CHF 106.6578
23 Nov 2023
CHF 106.5642
22 Nov 2023
CHF 106.5305
21 Nov 2023
CHF 106.1076
Distribution history
Distribution frequency
—
Historical performance 31 Oct 2023
1.93%
All dividends are reinvested for the "Accumulation" shares.
Purchase information
Currency
Base currency: CHF
Fund codes
Bloomberg: VACEIHC
Citi: DJLI
ISIN: IE0001RDRUG3
MEX ID: VIAAKR
SEDOL: BPLGRT9
Product Detail Meta data: Author mode
Port Id:E027
Product Type: mf
Author Environment: true
The sum of investment management fees (the fees paid to the portfolio manager to invest your money and manage the fund) and administrative and other expenses (which cover all costs and expenses connected with the operation of the fund, which includes administrative fees, shareholder's registration and transfer agency fees, custody fees and all other operating expenses).
The share price of a stock divided by its per-share earnings over the past year. For a portfolio, the weighted average P/E ratio of the stocks in the portfolio. P/E is a good indicator of market expectations about a company's prospects; the higher the P/E, the greater the expectations for a company's future growth in earnings.
The price per share of a stock divided by its book value (i.e., net worth) per share. For a portfolio, the ratio is the weighted average price/book ratio of the stocks it holds.
An amount, expressed as a percentage, earned on a company's common stock investment for a specific time frame. This figure tells shareholders how effectively their money is being utilised.
The average annual rate of growth in earnings over the past five years for the stocks in a portfolio.
As at 30 Nov 2023
Tracking errors are reported as a standard deviation of the gross excess returns of the fund, multiplied by the square root of 12 to give an annualised number.