Global shares
VISM
Vanguard MSCI International Small Companies Index ETF · Vanguard
Thousands of smaller companies from developed countries around the world, excluding Australia — the MSCI World ex-Australia Small Cap index.
What the fee costs you
The management fee is 0.32% a year. Here’s what that works out to in dollars:
A 0.32% yearly fee works out to about $32 a year per $10,000 invested.
A rough guide based on the headline fee only. Other costs (such as brokerage or buy/sell spreads) aren’t included.
The basics
- Issuer
- Vanguard
- Asset class
- Global shares
- Number of holdings
- ~4,360
- Where it invests
- Global developed markets (ex-Australia), heavily weighted to the United States.
- Income paid
- Quarterly
- Currency hedged
- No — It's unhedged, so for an Australian investor the value also moves with the Australian dollar against foreign currencies, on top of the markets themselves.
Its character
The small-company end of global developed markets — companies below the large-caps that dominate a standard world fund. The natural complement in size terms to a broad world-shares fund.
What to keep in mind
Smaller companies are generally more volatile than large ones, so this tends to be a bumpier ride than a broad world fund; it also carries currency movements for an Australian holder.
Figures last verified 2026-06-19against the issuer’s factsheet and PDS.