(VNRT) Vanguard FTSE North America - Ratings and Ratios

Vanguard FTSE North America UCITS (Ticker: VNRT) is a low-cost ETF designed for exposure to large- and mid-cap companies in the U.S. and Canada. It tracks the Morningstar US Large-Mid NR USD index, offering a diversified portfolio of established firms with a mix of growth and value characteristics. The fund is domiciled in Ireland, which provides a tax-efficient structure for European investors.

With an expense ratio of 0.07%, VNRT is one of the more cost-effective ways to access North American equities. It is listed on XETRA, making it accessible to German and European investors. The ETF holds over 600 constituents, giving it broad coverage of the U.S. market while avoiding excessive concentration in tech giants, which is common in many other large-cap ETFs.

VNRT is suitable for long-term investors seeking stable equity exposure. Its tracking error is minimal, and it maintains a high level of liquidity, making it a reliable choice for both institutional and retail investors. The fund does not hedge currency risk, so returns are influenced by USD/EUR fluctuations, which can be a consideration for European investors.

From a portfolio construction perspective, VNRT works well as a core holding for U.S. equity exposure. It combines the stability of large-caps with the growth potential of mid-caps, balancing risk and return. Investors should note that the fund does not provide direct exposure to small-caps or sector-specific opportunities, so additional allocations may be needed for diversification.

The ETF’s AUM of ~€3.4 billion reflects its popularity among investors seeking low-cost, passive exposure to North American markets. Vanguard’s reputation for efficient fund management and its economies of scale ensure that VNRT remains a competitive option in the ETF landscape.