Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares
VFSAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- PO Box 2600 Valley Forge PA United States of America 19482
- IPO Date
- Feb 7, 2019
- CIK
- 0000857489
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX) is an open-end mutual fund that employs an indexing investment approach designed to track the performance of the FTSE Global Small Cap ex US Index. The fund invests primarily in small-cap stocks from more than 40 developed and emerging markets outside the United States, including equities across sectors such as industrials (21.51%), technology (11.49%), financial services (11.18%), consumer cyclical (10.78%), and basic materials (10.76%); it holds over 4,500 stocks with top holdings like WSP Global Inc., RB Global Inc., and Kinross Gold Corp., representing approximately 2.60% of the portfolio, while maintaining asset allocations of 94.13% non-US stocks, 4.59% cash, and minimal US stock exposure. Offered as Admiral Shares with a low net expense ratio of 0.17%, a minimum initial investment of $3,000, and daily pricing, the fund targets long-term investors seeking diversified international small-cap exposure through market-cap weighting and semiannual reconstitution to minimize turnover. Launched on February 7, 2019, and domiciled in the United States, VFSAX operates within the foreign small/mid blend category and is available for sale exclusively in the US market. It forms part of the broader offerings from The Vanguard Group, Inc., an investor-owned investment adviser founded in 1975 and headquartered in Malvern, Pennsylvania, which manages approximately $11 trillion in global assets and provides mutual funds and ETFs owned by its fund shareholders. The fund's portfolio is geographically diversified across regions including emerging Asia (15.27%), Canada (14.05%), Japan (12.82%), the Eurozone (12.58%), and developed Asia (11.57%). In recent developments, the fund's management team saw the addition of Nicole Brubaker as co-portfolio manager effective February 18, 2025, joining Jeffrey Miller (since August 31, 2015) and Michael Perre (since February 26, 2016). Vanguard, as the parent organization, underwent a significant internal restructuring announced in mid-2025 to better manage its massive fund growth, forming two new advisors—Vanguard Capital Management and Vanguard Portfolio Management—to split oversight of its mutual funds and ETFs, reflecting adaptations to handle over $1 trillion in assets in select funds like its Total Stock Market Index. Additionally, in October 2025, Vanguard expanded its Investor Choice proxy voting program to include more funds starting in 2026, enhancing shareholder participation across its equity index offerings amid rising investor engagement during the 2025 proxy season.