What Does Owning the Entire US Market Look Like Through Vanguard US Total Market Shares Index ETF (ASX:VTS)?

Sonal Goyal

28 October 2026 12:33 AM AEDT

What Does Owning the Entire US Market Look Like Through Vanguard US Total Market Shares Index ETF (ASX:VTS)?

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Key Highlights

Vanguard US Total Market Shares Index ETF (ASX:VTS) seeks to track a benchmark that measures the investment return of the overall US stock market.
The fund holds 3,505 companies, including large-, mid-, small- and micro-cap stocks, with NVIDIA (6.89%), Apple (6.31%) and Microsoft (5.11%) the largest.
Fund size is $7.24 billion and the management fee is 0.03%.

Vanguard US Total Market Shares Index ETF (ASX:VTS) is an exchange traded fund that seeks to track the performance of a benchmark index that measures the investment return of the overall U.S. stock market. Admitted to the ASX on 8 May 2009, the fund has a fund size of $7.24 billion and a management fee of 0.03%. This article outlines what the index covers, what the fund holds and how it distributes.

Exposure and Investment Approach

The CRSP US Total Market Index represents approximately 100% of the investable U.S. stock market and includes large-, mid-, small- and micro-cap stocks regularly traded on the New York Stock Exchange and Nasdaq. The fund, categorised as Equity North America and benchmarked to the Morningstar US Total Market TR AUD index, holds 3,505 companies.

Portfolio Composition

The fund holds 3,505 holdings. Its largest positions are NVIDIA Corporation (6.89%), Apple Inc. (6.31%), Microsoft Corporation (5.11%), Amazon.com Inc (3.41%), Alphabet Inc. (2.70%), and the top ten holdings together account for 33.53% of the portfolio.

The remaining top ten positions are Broadcom Inc (2.38%), Alphabet Inc. (2.12%), Meta Platforms Inc (1.70%), Micron Technology, Inc. (1.46%), Tesla Inc (1.40%).

By sector, the portfolio is allocated as follows: Technology 36.37%, Financial Services 12.38%, Healthcare 10.06%, Consumer Cyclical 9.21%, Industrials 9.11%, Communication Services 8.76%, Consumer Defensive 4.26%, Energy 3.68%.

By size, 91.22% of the portfolio is in companies above $1 billion, 6.48% between $500 million and $1 billion, and 2.29% below $500 million. Geographic exposure is United States (99.45%).

Key Features to Understand

Despite the breadth of the portfolio, the top ten holdings account for 33.53% of the fund. Market capitalisation is spread across the range: 91.22% of the portfolio is in companies above $1 billion, 6.48% between $500 million and $1 billion and 2.29% below $500 million. The fund's turnover ratio is 4.00%, and the portfolio is 99.45% in the United States.

Distribution Details

The fund's most recent recorded distribution was a interim distribution of $1.160 per unit, with an ex-date of 28 September 2026, a record date of 29 September 2026 and payment on 26 October 2026.

Fund Details at a Glance

Fund name: Vanguard US Total Market Shares Index ETF (ASX:VTS)
Issuer: Vanguard
Category: Equity North America
Benchmark: Morningstar US Total Market TR AUD
Admitted to the ASX: 8 May 2009
Fund size: $7.24 billion
Management fee: 0.03%
ISIN: AU000000VTS1

Recent Announcements

Recent announcements include a distribution FX rate announcement on 20 October 2026, a supplementary Australian prospectus on 16 October 2026 and a final distribution announcement on 25 September 2026.

Wrapping Up

Vanguard US Total Market Shares Index ETF covers the full range of US listed companies through 3,505 holdings, at a management fee of 0.03% and a fund size of $7.24 billion. Its most recent distribution was an interim distribution of $1.160 per unit, paid on 26 October 2026.

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