The Vanguard Industrials Index Fund ETF Shares (NYSE ARCA:VIS) is an exchange-traded fund (ETF) that aims to replicate the performance of the MSCI US Investable Market Index (IMI)/Industrials 25/50. This index is composed of stocks from large, mid-sized, and small U.S. companies operating within the industrials sector, as categorized by the Global Industry Classification Standard (GICS).
The fund's investment approach is designed to track the target index by investing in the same stocks that make up the index, with each stock held in roughly the same proportion as its weighting in the index. This means that the fund's portfolio is constructed to mirror the index, providing investors with broad exposure to the U.S. industrials sector.
As a non-diversified fund, the Vanguard Industrials Index Fund ETF Shares may invest a significant portion of its assets in a particular industry or sector, which can increase its sensitivity to market fluctuations. However, this approach also allows the fund to focus on a specific area of the market, potentially providing more targeted exposure for investors.
As a U.S.-domiciled fund, the Vanguard Industrials Index Fund ETF Shares is subject to the regulatory framework of the United States. You can find more information about the fund on the Vanguard website at http://www.vanguard.com.