The Vanguard FTSE All-World UCITS ETF (VWRD) is an Ireland-domiciled equity ETF managed by Vanguard. VWRD is the ticker for the fund's USD distributing share class traded in U.S. dollars on the London Stock Exchange.

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

VWRD follows a passive investment strategy and uses physical replication through representative sampling. The fund invests in a selection of securities designed to closely reflect the characteristics and performance of its benchmark.

The FTSE All-World Index provides broad exposure to the global equity market, bringing together companies across different countries, regions, and sectors. It covers both developed and emerging markets and weights constituents based on free float-adjusted market capitalization.

Composition / Exposure Profile

VWRD holds companies across different areas of the global economy, including:

• Technology.

• Financials.

• Industrials.

• Consumer discretionary.

• Communication services.

• Health care.

• Consumer staples.

• Energy.

• Materials.

• Utilities.

• Real estate.

Geographic exposure spans developed and emerging markets across North America, Europe, Asia-Pacific, Latin America, the Middle East, and other regions. The United States represents the largest portion of the portfolio, followed by markets including Japan, the United Kingdom, China, Canada, Taiwan, and India.

Because the benchmark is weighted by free float-adjusted market capitalization, countries and companies with larger market values tend to represent larger portions of the portfolio. These weights change over time as stock prices and the composition of global equity markets evolve.

Structure and Costs

The fund and share class have the U.S. dollar as their base currency. On the London Stock Exchange, the distributing share class trades in USD under VWRD and in GBP under VWRL. The trading currency does not change the portfolio's underlying economic exposure or provide currency hedging.

The ETF has ongoing charges of 0.14% 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.

VWRD follows a distributing income policy, with payments made quarterly. Dividends received from portfolio companies may therefore be periodically distributed to shareholders rather than automatically reinvested within the fund.

History and Evolution of the ETF

The Vanguard FTSE All-World UCITS ETF (USD) Distributing was launched in 2012 to provide diversified exposure to developed and emerging equity markets through a single portfolio.

Since its launch, the fund has maintained a passive strategy linked to the FTSE All-World Index, tracking large- and mid-cap companies across different countries and sectors of the global economy.

Throughout its history, VWRD's performance has reflected movements across global equity markets, including economic cycles, corporate earnings, changing monetary conditions, and shifts in the composition and market value of the world's largest publicly traded companies.

Additional Information

Vanguard FTSE All-World UCITS ETF (USD) Dist (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $16.67 billion.

Over the past 12 months, Vanguard FTSE All-World UCITS ETF (USD) Dist recorded a return of 14.75%, with its price trading between $158.10 and $189.69 during the same period.

The ETF is traded under the ticker VWRD.