# Vanguard FTSE All-World UCITS ETF
## (USD) Distributing - An exchange-traded fund
Data as at 30 November 2022 unless otherwise stated.
| Characteristics | Fund | Benchmark | Top 10 holdings |  |
| --- | --- | --- | --- | --- |
| Number of stocks | 3,744 | 4,164 | Apple Inc. | 3.7% |
| Median market cap | $81.2B | $81.3B | Microsoft Corp. | 3.2 |
| Price/earnings ratio | 15.7x | 15.8x | Alphabet Inc. | 1.9 |
| Price/book ratio | 2.5x | 2.5x | Amazon.com Inc. | 1.4 |
| Return on equity | 16.5% | 16.5% | Berkshire Hathaway Inc. | 0.9 |
| Earnings growth rate | 15.8% | 15.8% | UnitedHealth Group Inc. | 0.8 |
| Turnover rate | -28% | — | Tesla Inc. | 0.8 |
| Equity yield (dividend) | 2.2% | 2.2% | Johnson & Johnson | 0.8 |

The PTR (Portfolio Turnover Rate) approach considers the total security purchases and sales, the total subscriptions and redemptions and the
average net assets of the fund to calculate the turnover figure. Data as at 30 September 2022. Source: Vanguard; FTSE International Limited
Exxon Mobil Corp.	0.8
NVIDIA Corp.	0.7
Top 10 approximately equals 15.0% of net assets
Data as at 30 November 2022
Source: Vanguard; FTSE International Limited

### Weighted exposure
Sector categories are based on the Industry Classification Benchmark system (“ICB”), except for the “Other” category (if applicable), which includes securities that have not been provided an ICB classification as of the effective reporting period.

### Market allocation
Source: Vanguard; FTSE International Limited
Glossary for ETF attributes	
The ETF attributes section on the first page contains a number of metrics that professional investors use to value individual securities against a market or index average. These metrics can also be used to value and compare funds to the market by taking the average of all the securities held in the fund and comparing them to those of the fund's benchmark index. We've provided a definition of the terms used for your convenience.
Earnings growth rate is a measure of growth in a company's net income (what remains after subtracting all the costs from a company's revenues) over a specific period (often one year). Earnings growth can apply to previous periods or estimated data for future periods.
Equity yield (dividend) is the dividend income earned by stocks, expressed as a percentage of the aggregate market value (or of net asset value, for a fund). Quoted historic yield is determined by dividing the gross distributions declared over the last 12 months by the average of the bid and ask unit prices, as at the date shown. The dividend yield stated on the factsheet applies to the underlying holdings of the ETF, and not the ETF itself.
Market capitalisation is the aggregate value of a company or stock and is calculated by multiplying the number of shares which are available to retail investors by the current price per share.
Median market cap (capitalisation) looks at all companies in a mutual fund portfolio and calculates the mid point market capitalisation. Market capitalisation represents the aggregate value of a company's stock.
Mid market share price is the price of a share between its offer and bid price.
Price book ratio compares a stock's market value to its book value (the accounting value of a stock). It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share.
Price earnings ratio (P/E ratio) of a stock is the price paid for a share divided by the annual profit earned by the firm per share. A stock with a price of £10 a share, and earnings last year of £1 a share, would have a P/E ratio of 10.
Return on equity is a measure of a company's profitability that reveals how much profit a company generates with the money shareholders have invested.

Translation (ENFR, 2022-11-30):
# Vanguard FTSE All-World UCITS ETF
## (USD) Distributing - Un exchange-traded fund

### Résumé de la performance**
USD—Vanguard FTSE All-World UCITS ETF Indice de référence — FTSE All-World Index
01 déc 2017
-
30 nov 2018
01 déc 2018
-
30 nov 2019
01 déc 2019
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30 nov 2020
01 déc 2020
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30 nov 2021
01 déc 2021
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30 nov 2022
Fonds (
Après frais (net))	
-1,16 %	13,63 %	14,84 %	18,90 %	-11,37 %
Indice de référence	-1,10 %	13,60 %	14,83 %	18,99 %	-11,38 %
| Performance** | 1 mois | Trimestre | Depuis le début de l'année | 1 an | 3 ans | 5 ans | 10 ans | Depuis le lancement |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fonds  (Après frais (net) ) | 7,82 % | 3,28 % | -14,87 % | -11,37 % | 6,56 % | 6,33 % | 8,65 % | 9,29 % |
| Indice de référence | 7,81 % | 3,28 % | -14,88 % | -11,38 % | 6,59 % | 6,35 % | 8,66 % | 9,28 % |

**Les chiffres concernant des périodes inférieures à un an correspondent aux rendements cumulés. Tous les autres chiffres indiquent des rendements annuels. Les chiffres de performance incluent le réinvestissement de la totalité des dividendes et la distribution de toute plus-value éventuelle. Les données relatives aux performances ne contiennent pas les commissions et frais apparaissant lors de la souscription et du rachat d’actions. Base des performances du fonds : variation de la VNI, revenus bruts investis. La base de performance de l’indice est le rendement total.
Performances et données sont calculées sur la clôture NAV au 30 novembre 2022.
La performance passée ne constitue pas un indicateur fiable des résultats futurs.
La Source: Vanguard; FTSE All-World Index
Principaux risques d'investissement
La valeur des actions et titres de capital associés peut être impactée par les fluctuations quotidiennes des marchés d’actions. D’autres facteurs peuvent exercer une influence, comme l’actualité politique ou économique, les résultats des sociétés et les opérations sur titre importantes. Les variations des taux de change peuvent avoir des répercussions négatives sur vos investissements.
Risque de liquidité. Une liquidité réduite signifie que le nombre d’acquéreurs ou de vendeurs est insuffisant pour permettre au Fonds de céder ou d’acquérir aisément des placements.
Risque de contrepartie. L’insolvabilité de toute organisation fournissant des services tels que la conservation des actifs, ou agissant à titre de contrepartie d’instruments dérivés ou autres, peut exposer le Fonds à des pertes financières.
Risque indiciel. Le Fonds n’est pas destiné à répliquer parfaitement la performance de l’Indice à tout moment. Toutefois, il est attendu que le Fonds fournisse des résultats d’investissement correspondant généralement, avant imputation des frais, à la performance en termes de prix et de rendement de son Indice.
Veuillez également lire la section sur les facteurs de risque du Prospectus et du Document d’Information Clé pour les Investisseurs, disponibles sur le site internet de Vanguard.