- What are the top holdings of VFTNX?
- Vanguard FTSE Social Index Fund Institutional Shares holds 414 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
- How many holdings does VFTNX have?
- VFTNX holds 414 positions as reported by the fund's most recent disclosure.
- What sectors does VFTNX invest in?
- Vanguard FTSE Social Index Fund Institutional Shares (VFTNX) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is VFTNX most exposed to?
- VFTNX's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is VFTNX a US-only fund?
- The country allocation card on this page shows VFTNX's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
- What does VFTNX invest in?
- This fund aims to replicate the performance of the FTSE US Choice Index. This benchmark is a market-capitalization-weighted index, encompassing both large and mid-sized U.S. companies. A core principle of the fund is its rigorous screening based on environmental, social, and corporate governance (ESG) criteria. Specifically, it divests from businesses operating in sectors such as adult entertainment, alcohol, tobacco, cannabis, and gambling. It also omits companies associated with the development or manufacturing of various armaments, including chemical and biological weapons, cluster munitions, anti-personnel landmines, nuclear weapons, conventional military weapons, and civilian firearms. Additionally, the index excludes firms involved in nuclear power, as well as the production or extraction of coal, oil, or gas. Beyond these industry-specific exclusions, it also filters out companies failing to uphold specific standards related to labor practices, human rights, environmental protection, and anti-corruption. Businesses that do not satisfy defined diversity benchmarks are also excluded. The fund utilizes a passive management strategy, aiming for full replication of its benchmark index. It's important to note that the index administrator, FTSE, employs specific methodologies to implement these exclusions. This involves assessing a company's level of involvement in a particular activity or the threshold amount of revenue it derives from such activities, which can vary across different sectors. For instance, companies are barred if they engage in production, distribution, or significant support roles within the excluded industries (e.g., manufacturing alcoholic beverages, owning gambling establishments, producing weapons components, or extracting fossil fuels, including detailed criteria for upstream, midstream, and downstream petroleum activities). Similarly, the non-compliance exclusions (labor, human rights, environmental, anti-corruption) are based on FTSE's internal assessment. For diversity, companies are excluded if they fail to meet at least two of these three criteria: having at least one woman on the board, established diversity policies, and functional diversity management systems. FTSE's internal analysis considers factors like revenue generation from an industry, the extent of company involvement, and the severity of any controversies. For at least 75% of its total assets, the fund operates under specific investment constraints: it cannot acquire more than 10% of the voting shares of any single company, nor can more than 5% of its total assets be allocated to the securities of a single issuer. These restrictions are waived only when necessary to accurately track the composition of the target index or when investing in U.S. government or agency obligations.
