MSCI’s benchmark methodology

Morgan Stanley Capital International (MSCI) is a leading provider of domestic and international indexes, as well as benchmark-related products and services, to investment managers around the world. A benchmark specialists and consultant for more than 35 years, MSCI has more than $3 trillion, as of December 2008, benchmarked to its indexes globally.

The MSCI indexes are market cap-weighted indexes, which means stocks are weighted according to their market capitalization—calculated as stock price multiplied by the total number of shares outstanding. The stock with the largest market capitalization gets the highest weighting on the index. Each index in the MSCI family is reviewed quarterly and rebalanced twice a year.

MSCI website

Vanguard ETFs and their MSCI benchmarks

Nombre

Ticker

Benchmark

Communication Services ETF (USD)

VOX

MSCI US Investable Market Communication Services 25/50 Index

Consumer Discretionary ETF (USD)

VCR

MSCI US Investable Market Consumer Discretionary 25/50 Index

Consumer Staples ETF (USD)

VDC

MSCI US Investable Market Consumer Staples 25/50 Index

Energy ETF (USD)

VDE

MSCI US Investable Market Energy 25/50 Index

Financials ETF (USD)

VFH

MSCI US Investable Market Financials 25/50 Index

Health Care ETF (USD)

VHT

MSCI US Investable Market Health Care 25/50 Index

Industrials ETF (USD)

VIS

MSCI US Investable Market Industrials 25/50 Index

Information Technology ETF (USD)

VGT

MSCI US Investable Market Information Technology 25/50 Index

Materials ETF (USD)

VAW

MSCI US Investable Market Materials 25/50 Index

Utilities ETF (USD)

VPU

MSCI US Investable Market Utilities 25/50 Index