Key stats
About Vanguard Financials ETF
Expense ratio
0.10%
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Inception date
Jan 26, 2004
ISIN
US92204A4058
The fund is passively managed to hold US financials stocks across all market caps. The fund uses a market-cap selection and weighting scheme with a portfolio that captures the broader financials market. In September 2016, the fund sold off all its REITs (except for mortgage REITs), a substantial part of the portfolio. It did so to comply with a change in GICS methodology, the sector framework supporting its underlying index. It increased its allocation to remaining financial industries in accordance with the revamped underlying index. To ensure diversification, the index applies investment limits on regulated investment companies of no more than 25% of value to a single issuer, and the sum of the weights of all issuers with more than 5% not exceeding 50% of total assets. The index is rebalanced on a quarterly basis.
Classification
What's in the fund
Exposure type
Finance
Commercial Services
Stock breakdown by region