Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) is an exchange-traded fund managed by Vanguard Investments Canada Inc. that seeks to track, to the extent reasonably possible and before fees and expenses, the performance of the FTSE Global All Cap ex Canada China A Inclusion Index (or any successor thereto). The ETF invests directly or indirectly in large-, mid-, and small-capitalization stocks of companies located in developed and emerging markets worldwide, excluding Canada; it achieves this exposure primarily through holdings in U.S.-domiciled Vanguard Funds and ETFs representing broad global equity market segments. Launched on June 29, 2014, with first trading on July 8, 2014, the fund is listed on the Toronto Stock Exchange and caters to Canadian investors seeking diversified international equity exposure outside of domestic markets.
The ETF's portfolio emphasizes market-cap weighting across growth and value stocks in diversified sectors, with approximately 66.9% in large-cap stocks greater than $10 billion, 5.0% in mid-cap, and 0.9% in small-cap; it maintains full holdings transparency and quarterly distributions, with a management expense ratio of 0.27% and no currency hedging.
In recent developments, Vanguard Investments Canada announced its largest fee cuts in history on November 17, 2025, reducing management fees across one-quarter of its lineup, including asset allocation ETFs, with the average ETF MER dropping to 0.16%, benefiting products like VXC.TO through enhanced cost efficiency for investors. Additionally, certain Vanguard ETFs, including those tracking FTSE benchmarks like VXC.TO, underwent transitions to broader indices incorporating small-cap stocks, with updates reflected in prospectuses around March 2025; the fund continues quarterly dividends, with the latest payment of CAD 0.263 on September 29, 2025. Headquartered in Toronto, Ontario, Vanguard Investments Canada operates as part of The Vanguard Group, Inc., providing low-cost indexing solutions to retail and institutional investors across Canada.