Key Highlights

  • The fund holds 3,769 small companies, with the top ten accounting for only 2.45%.
  • Companies below $500 million in market capitalisation make up 14.25% of the portfolio.
  • The management fee is 0.32% and the fund size is $948.15 million.
  • The October 2026 distribution of $0.165 is lower than the $0.195 paid in October 2025.

Vanguard MSCI International Small Companies Index ETF (ASX:VISM) provides exposure to small companies listed in major developed countries, offering access to a broadly diversified range of securities. The fund was admitted to the ASX on 13 November 2018 and last traded at $73.95 on 13 October 2026. It reports a fund size of $948.15 million.

Detail

Information

Ticker

ASX:VISM

Fund

Vanguard MSCI International Small Companies Index ETF

Category

Equity World Mid/Small

Benchmark

MSCI World Ex AUS Small Cap NR AUD

Fund size

$948.15 million

Management fee

0.32%

Total holdings

3,769

ASX admission date

13 November 2018

Diversification across holdings

The ten largest positions represent 2.45% of the fund. Moderna and an E-mini Russell 2000 futures position each hold 0.44%, followed by US Foods Holding and Tenet Healthcare (0.21% each), Royal Gold (0.20%) and Roku and Woodward (0.19% each). Guardant Health and Mylan each hold 0.18% and Encana 0.17%.

Reported turnover is 8.25%, and cash is 0.74%.

Size, sector and country mix

Companies between $500 million and $1 billion in market capitalisation account for 53.36% of the fund, those above $1 billion for 32.40% and those below $500 million for 14.25%.

Industrials holds 18.60% against 23.10% for the category, Financial Services 14.15%, Technology 13.83% and Real Estate 8.09% against 3.52%. The United States accounts for 63.55%, Japan 12.94%, Canada 4.47% and the United Kingdom 4.24%, against 7.05% for the category.

Fee, risk and distributions

The management fee is 0.32% a year. The fund reports a beta of 1.00 and a standard deviation of 10.13. The interim distribution of $0.165 per unit had an ex-date of 1 October 2026, a record date of 2 October and payment on 16 October, equal to an annual yield of 8.12%.

That is lower than each of the earlier amounts listed: $3.226 in July, $1.767 in April, $0.854 in January and $0.195 in October 2025.

Category classification and liquidity

Morningstar places the fund in the Equity World Mid/Small category, which covers funds investing primarily in small- to medium-sized companies listed around the globe, defined as stocks in the bottom 30% of an equity market by capitalisation, with value, growth or blended styles possible.

Liquidity indicators add a further view. There are 12,809,312 units on issue, and average daily trading volume is 23,614 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 11,000 to 26,600 units, with 18,502 recorded on 13 October while the market was still open. The bid-offer range stood at $73.79 to $74.50, and the day range at $73.77 to $74.07. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

Vanguard lodged Outstanding Securities for September 2026 on 7 October, a Distribution Tax Estimate on 5 October, DRP and Final Distributions notices on 2 October, and an Updated Estimated Distribution on 1 October.

Closing Perspective

VISM spreads exposure across more than 3,700 small companies, with a higher Japan and Real Estate weighting than its category. The 0.32% fee and the October distribution of $0.165, the lowest of the five periods listed, are part of its profile. These details do not forecast results.