In an effort to determine the proportion of Emerging Market stocks to my portfolio's International stock holdings,
I used Morningstar's Portfolio Summary to view VTIAX Vanguard Total Int'l Stock Market Index Admiral:
M* reports that VTIAX consists of 13.72% Emerging Market (EM), with the balance to Developed markets.
Vanguard, however, reports 18.9% EM. A similar discrepancy exists for VFWAX FTSE All World ex-US Adm fund.
M* finds only 83% emerging in the explicitly named VEIEX Emerging Markets Stock Index Inv: 83/17 EM/Devl
What am I missing here? Thanks.
Percent Emerging Market in Fund
Code: Select all
Vanguard Morningstar
VTIAX Tot Intl Stock Ix Admiral 18.90% 13.72%
VFWAX FTSE All World ex-US Adm 18.80% 14.16%
VEIEX Emerging Mkts Stk Idx Inv 99.99% 83.03% <--- 16.97% Developed Mkts?
Morningstar Portfolio Summary 1/2015 [World Region/Market Classification]
VTIAX http://portfolios.morningstar.com/fund/ ... ture=en-US
VTIAX http://quote.morningstar.com/fund-filin ... d1a667d136
VEIEX http://portfolios.morningstar.com/fund/ ... ture=en-US
VEIEX https://personal.vanguard.com/funds/reports/q720.pdf