Investment

International Shares (Hedged) - AUD Class

Investment details and fees

Fund Commenced02 Aug 2000

Minimum investment amounts*

Initial investment$500,000

Additional investment$5,000

Minimum withdrawal$1,000

Minimum switch$500,000

Minimum transfer$500,000

Minimum account balanceNil

*Vanguard may accept lesser amounts at its discretion

Fees and costs

Establishment feeNil

Application/contribution feeNil

Withdrawal feeNil

Termination feeNil

Switching feeNil

Transfer feeNil

Management costs0.39% p.a

Buy spread cost (purchase)0.35%

Sell spread cost (withdrawal)0.15%

Download a fund factsheet

Fund Ratings

Standard & Poor'sFour Stars

MorningstarRecommended

LonsecRecommended

The Vanguard International Shares Index Fund (Hedged) – AUD Class provides investors with exposure to approximately 1,600 of the world’s largest companies listed on the exchanges of 23 of the world’s major developed economies.

The assets of the fund representing the AUD Class are hedged to Australian dollars so the return of the AUD Class is relatively unaffected by currency fluctuations for Australian dollar investors.

Who it may suit

long-term investors (usually seven years plus)
investors seeking long-term capital growth
those wanting to add diversification by investing overseas
investors using a satellite/core strategy seeking an index fund for the core of their international shares portfolio
investors seeking an international investment without the currency impact
self managed super funds
higher income earners using a gearing strategy

Objectives

To track the return (income and capital appreciation) of the MSCI World ex-Australia Index (with net dividends reinvested) hedged into Australian dollars before taking into account fund fees and expenses.

Benefits

Diversification

the MSCI World ex-Australia Index comprises approximately 1,600 securities (shares) listed on the exchanges of 23 of the world’s major developed economies

International exposure

access investment opportunities not readily available in Australia

Capital growth potential

participate in the growth potential of international companies and some dividend income

Potential for better after-tax returns

our buy and hold strategy takes advantage of capital gains discounts and the deferral of capital gains liabilities, which may result in better after-tax returns

Low fees

low management costs
no entry or exit fees (other than buy/sell spread costs)

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Knowledge Centre

Managed Funds over $500,000 - Funds at a Glance

Cash - Cash funds suit investors who prefer capital stability and regular income to long-term growth.
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Ratings and Recommendations
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Standard & Poors	Morningstar	Lonsec
Vanguard® Cash Reserve Fund	UBS Australian Bank Bill Index	$500,000	Nil	Withdrawals are normally paid within two business days	Monthly	Nil	4 Stars	-	-
Vanguard® Cash Plus Index Fund	Vanguard Cash Plus Index (custom index)	$500,000	Nil	Withdrawals are normally paid within two business days	Monthly	Nil	3 Stars	-	-
Fixed Interest - Fixed interest funds suit short to medium-term investors seeking a steady and reliable income stream.
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Ratings and Recommendations
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Standard & Poors	Morningstar	Lonsec
Vanguard® Australian Government Bond Index Fund	UBS Australian Government Bond Index	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.05%/ 0.05%	4 Stars	-	-
Vanguard® Diversified Bond Index Fund	UBS Australian Composite Bond Index and Barclays Capital Global Aggregate ex Securitised Index hedged into AUD	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.16%/0.16%	-	-	-
Vanguard® Australian Fixed Interest Index Fund	UBS Australian Composite Bond Index	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.10%/ 0.10%	4 Stars	Recommended	Recommended
Vanguard® International Fixed Interest Index Fund (Hedged)	Barclays Capital Global Treasury Index hedged into AUD	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.15%/ 0.15%	4 Stars	Recommended	Recommended
Vanguard® International Credit Securities Index Fund (Hedged)	Barclays Capital Global Aggregate Government-related and Corporate Index hedged into AUD	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.30%/ 0.30%	-	Recommended	Recommended
Infrastructure - Infrastructure funds suit investors with a longer-term time frame (five years plus).
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Ratings and Recommendations
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Standard & Poors	Morningstar	Lonsec
Vanguard® Global Infrastructure Fund	Vanguard Global Infrastructure Index in AUD (custom index)	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.30%/ 0.30%	4 Stars	Recommended	Recommended
Vanguard® Global Infrastructure Fund (Hedged)	Vanguard Global Infrastructure Index hedged into AUD (custom index)	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.35%/ 0.35%	4 Stars	Recommended	Recommended
Property - Property trusts suit investors with a long-term time frame (five years plus).
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Ratings and Recommendations
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Standard & Poors	Morningstar	Lonsec
Vanguard® Australian Property Securities Index Fund	S&P/ASX 300 A-REIT Index	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.20%/ 0.20%	4 Stars	Highly Recommended	Highly Recommended
Vanguard® International Property Securities Index Fund	UBS Global Real Estate Investors Index ex-Australia in AUD	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.30%/ 0.30%	4 Stars	Recommended	Recommended
Vanguard® International Property Securities Index Fund (Hedged)	UBS Global Real Estate Investors Index ex-Australia hedged into AUD	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.35%/ 0.35%	4 Star	Recommended	Recommended
Australian Shares - Shares are high risk and generally suited to longer-term investors (seven years plus).
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Ratings and Recommendations
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Standard & Poors	Morningstar	Lonsec
Vanguard® Australian Shares Index Fund	S&P/ASX 300 Index	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.20%/ 0.10%	4 Stars	Recommended	Recommended
Vanguard® Australian High Yield Shares Fund	FTSE ASFA Australia High Dividend Yield Index	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.20%/ 0.10%	4 Stars	Investment Grade	Investment Grade
International Shares - International Shares are high risk and generally suited to longer-term investors (seven years plus).
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Ratings and Recommendations
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Standard & Poors	Morningstar	Lonsec
Vanguard® International Shares Index Fund	MSCI World ex-Australia Index in AUD	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.30%/ 0.10%	4 Stars	Recommended	Recommended
Vanguard® International Shares Index Fund (Hedged) - AUD Class	MSCI World ex-Australia Index hedged to AUD	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.35%/ 0.15%	4 Stars	Recommended	Recommended
Vanguard® International Shares Index Fund (Hedged) - NZD Class	MSCI World ex-Australia Index hedged to NZD	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.35%/ 0.15%	4 Stars	Recommended	Recommended
Vanguard® International Small Companies Index Fund	MSCI World ex-Australia Small Cap Index in AUD	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.35%/ 0.25%	4 Stars	-	-
Vanguard® International Small Companies Index Fund (Hedged)	MSCI World ex-Australia Small Cap hedged to AUD	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.40%/ 0.30%	4 Stars	-	-
Vanguard® Emerging Markets Shares Index Fund	MSCI Emerging Markets Index in AUD	$500,000	Nil	Withdrawals are normally paid within five business days	Quarterly	0.60%/ 0.60%	4 Stars	Recommended
Diversified - Diversified funds allow investors to select the portfolio that best matches their risk profile.
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Ratings and Recommendations
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Standard & Poors	Morningstar	Lonsec
Vanguard ® Conservative Index Fund	70% income oriented and 30% growth oriented assets (Weighted average of target indexes of the underlying Vanguard Wholesale Funds)	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.12%/ 0.09%	4 Stars	Highly Recommended	Recommended
Vanguard® Balanced Index Fund	50% income oriented and 50% growth oriented assets (Weighted average of target indexes of the underlying Vanguard Wholesale Funds)	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.18%/ 0.12%	4 Stars	Highly Recommended	Recommended
Vanguard® Growth Index Fund	30% income oriented and 70% growth oriented assets (Weighted average of target indexes of the underlying Vanguard Wholesale Funds)	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.23%/ 0.15%	4 Stars	Highly Recommended	Recommended
Vanguard® High Growth Index Fund	10% income oriented and 90% growth oriented assets (Weighted average of target indexes of the underlying Vanguard Wholesale Funds)	$500,000	Nil	Withdrawals are normally paid within four business days	Quarterly	0.26%/ 0.15%	4 Stars	Highly Recommended	Recommended

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Vanguard ETFs are not sponsored, endorsed, sold or promoted by S&P or ASX, and S&P and ASX make no representation, warranty, or condition regarding the advisability of buying, selling, or holding units/shares in the Vanguard ETFs.

The Lonsec Limited (“Lonsec”) ABN 56 061 751 102 ratings presented in this document are limited to “General Advice” and based solely on consideration of the investment merits of the financial product(s). It is not a recommendation to purchase, sell or hold the relevant product(s), and you should seek independent financial advice before investing in this product(s). The rating is subject to change without notice and Lonsec assumes no obligation to update this document following publication. Lonsec receives a fee from the fund manager for rating the product(s) using comprehensive and objective criteria.

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities. The Prospectus contains a more detailed description of the limited relationship MSCI has with The Vanguard Group and any related funds. ”FTSE®”, “FT-SE®” and “Footsie®” are trade marks jointly owned by the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited under licence. “All-World” is a trade mark of FTSE International Limited. The FTSE All-World ex-US Index is calculated by FTSE International Limited. FTSE International Limited does not sponsor, endorse or promote this product and is not in any way connected to it and does not accept any liability in relation to its issue, operation and trading.