Vanguard FTSE All-World (Dist)

Description

Vanguard FTSE All-World (Dist) is a equity ETF from Vanguard tracking the FTSE All-World index through physical (sampling) replication. Domiciled in Ireland and launched in 2012, the fund manages about 22.5 bn € and charges a TER of 0.22% — 22 € per year on a €10,000 investment. Income is paid out to investors periodically (distributing).

The fund in context

Vanguard FTSE All-World (Dist) competes with 5 other products on the same index (FTSE All-World): it ranks 2nd by fund size and 5th by ongoing cost, with a TER of 0.22% against a group median of 0.18%. It has been listed since 2012, 14 years of track record — the oldest in its comparison group.

On a €10,000 investment the TER costs 22 € a year. The cheapest of the group is Xtrackers FTSE All-World UCITS ETF 1C at 0.07%, or 7 € on the same amount: a difference of 15 € every year, roughly 150 € over ten years before compounding.

Replication is physical by sampling: the fund holds a representative subset chosen to track the index while containing transaction costs — standard practice on very broad indices.

Income is distributed periodically: it produces cash flow, but reinvesting it is up to you if the goal is capital growth. The fund is denominated in USD. That is not the same as currency risk: the exposure comes from the currencies of the underlying holdings, not from the denomination or the trading currency of a given listing.

Irish domicile lets the fund apply the Ireland–US tax treaty, with 15% withholding instead of 30% on US dividends received by the fund.

Stock exchange listings

Compare with similar ETFs

• VWCE — Vanguard FTSE All-World (Acc) 0.22%
• FWRA — Invesco FTSE All-World (Acc) 0.15%
• FTWD — Invesco FTSE All-World UCITS ETF USD Distribution EUR 0.15%
• ALLW — Xtrackers FTSE All-World UCITS ETF 1C 0.07%

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