The Vanguard Health Care Index Fund ETF Shares (NYSE ARCA:VHT) is an investment fund that aims to mirror the performance of the MSCI US Investable Market Index (IMI)/Health Care 25/50. This index is comprised of stocks from large, mid-sized, and small US companies operating within the health care sector, as categorized by the Global Industry Classification Standard (GICS).
The fund's investment approach is designed to replicate the target index by investing in the same stocks that make up the index, with each stock held in a proportion that closely matches its weighting in the index. This means that the fund's portfolio is constructed to reflect the overall composition of the health care sector in the US market.
As a non-diversified fund, the Vanguard Health Care Index Fund ETF Shares may invest a significant portion of its assets in a particular stock or industry, which can increase its exposure to specific market risks. However, this approach also allows the fund to focus on the most representative companies in the health care sector, potentially providing investors with a more targeted exposure to this market segment.
With its domicile in the United States, the Vanguard Health Care Index Fund ETF Shares is a US-based investment fund that offers investors a convenient way to access the US health care sector through a single investment vehicle. For more information, investors can visit the Vanguard website at http://www.vanguard.com.