The Vanguard FTSE Developed World UCITS ETF (VHVE) is an Ireland-domiciled equity ETF managed by Vanguard. VHVE is the ticker for the fund's USD accumulating share class on the London Stock Exchange.

The fund seeks to track the FTSE Developed Index, a benchmark comprising large- and mid-cap companies across developed markets worldwide.

The FTSE Developed Index covers companies from countries classified as developed markets by FTSE Russell. Emerging markets are excluded from the benchmark, concentrating the strategy on major developed economies across North America, Europe, and Asia-Pacific.

Composition / Exposure Profile

VHVE holds large- and mid-cap companies across different sectors of the economy, including:

• Technology.

• Financials.

• Industrials.

• Health care.

• Consumer discretionary.

• Consumer staples.

• Communication services.

• Energy.

• Materials.

• Utilities.

• Real estate.

Geographic exposure spans multiple developed markets. The United States represents the largest portion of the portfolio because of the size of its equity market, while Japan, the United Kingdom, Canada, and countries across continental Europe are also represented.

Because the index uses a free float-adjusted market-capitalization-weighted methodology, companies and markets with larger market values receive greater weights. As a result, exposure to the United States and the world's largest publicly traded companies tends to be significant.

Structure and Costs

The fund and share class have the U.S. dollar as their base currency. On the London Stock Exchange, the accumulating share class trades in USD under VHVE and in GBP under VHVG. The same share class also has trading lines on other European exchanges.

The ETF has an ongoing charges figure of 0.12% per year, uses physical replication through representative sampling, and is domiciled in Ireland. It operates as part of Vanguard Funds plc under the UCITS framework.

VHVE follows an accumulating income policy. Dividends received from portfolio companies are therefore reinvested within the fund rather than periodically distributed to shareholders.

History and Evolution of the ETF

The Vanguard FTSE Developed World UCITS ETF (USD) Accumulating (VHVE) share class was launched in 2019 to provide diversified exposure to developed equity markets through a passive investment strategy.

Since its launch, the share class has maintained a strategy linked to the FTSE Developed Index, using representative sampling to track large- and mid-cap companies across developed markets.

Throughout its history, VHVE's performance has reflected movements across developed equity markets, including changes in economic conditions, corporate earnings, interest rates, monetary policy, and valuations of companies represented in the benchmark.

Additional Information

Vanguard FTSE Developed World UCITS ETF (USD) Acc (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $5.60 billion.

Over the past 12 months, Vanguard FTSE Developed World UCITS ETF (USD) Acc recorded a return of 16.83%, with its price trading between $127.78 and $155.44 during the same period.

The ETF is traded under the ticker VHVE.