Industry Distribution:

• Financial Services: approx. 34%
• Energy: approx. 17%
• Basic Materials: approx. 13%

TOP 3 Markets:

• Canada: approx. 90%
• USA: approx. 5%
• Europe: approx. 3%

The Vanguard FTSE Canada All Cap Index ETF (TSX:VCN) is heavily focused on the Canadian market, which is reflected in the high percentage revenue distribution to Canada. The financial services sector dominates the ETF, followed by energy and basic materials, which is typical for the Canadian economy. The low international diversification is evident in the relatively small shares of the USA and Europe.

Vanguard FTSE Canada All Cap Index ETF (TSX:VCN) is an exchange-traded fund (ETF) and not a company that manufactures physical products.

This ETF invests in Canadian stocks and aims to replicate the performance of the FTSE Canada All Cap Index. Vanguard itself is an asset management company and does not produce physical products. Instead, it offers financial products and services such as investment funds and ETFs.

Current Fund Assets: CAD 6.5 billion (2025)

The Vanguard FTSE Canada All Cap Index ETF (TSX:VCN) follows a passive investment strategy aiming to replicate the performance of the FTSE Canada All Cap Index. This strategy focuses on providing broad exposure to the Canadian stock market by investing in a variety of companies across different market capitalizations.

For future growth, the ETF relies on diversification across various sectors to minimize risk and benefit from Canada's overall economic performance. The strategy does not involve active management or stock-picking but rather relies on market performance and index replication.

In addition, Vanguard plans to enhance the efficiency and cost-effectiveness of the ETF to offer investors a low-cost way to invest in the Canadian stock market. This could be achieved through optimizing trading strategies and minimizing tracking error.

Commodities/Materials: Diversified, no specific commodities

The Vanguard FTSE Canada All Cap Index ETF (TSX:VCN) is an exchange-traded fund that tracks the FTSE Canada All Cap Index. This index includes Canadian companies from various sectors, including energy, materials, financial services, and more.

Since the ETF itself does not import commodities or materials, but rather invests in a variety of companies, the import of commodities depends on the individual companies within the fund. These companies could import commodities such as oil, gas, metals, and other materials, depending on their respective industry and business field.

The countries of origin of the imported commodities vary depending on the company and type of commodity. Typically, Canadian companies import commodities from the USA, China, Mexico, and other countries that are significant trading partners of Canada.

For detailed information on specific commodity imports, an analysis of the largest companies within the ETF would be required.

Market share of the ETF in Canada: approx. 10% (2024, estimate) Assets under management (AUM): CAD 5 billion (2024, estimate)

The Vanguard FTSE Canada All Cap Index ETF (TSX:VCN) has a significant competitive advantage due to its broad diversification and low cost structure. The ETF covers the entire Canadian stock market, making it attractive to investors seeking comprehensive market coverage.

Vanguard is known for its cost-effective investment products, giving the ETF an edge over more expensive alternatives. The low management fees attract cost-sensitive investors and enhance the competitiveness of the ETF.

Additionally, the ETF benefits from the strong brand and trust that Vanguard enjoys as one of the largest asset managers globally. This strengthens the ETF's position in the Canadian market and contributes to its appeal to long-term investors.

Institutional Investor Share: Estimated 60-70% (2025)

Insider Buys/Sells: No significant insider transactions reported (2025)

The institutional investor share in ETFs like the Vanguard FTSE Canada All Cap Index ETF is typically high, as these funds are often used by large institutional investors such as pension funds, insurance companies, and asset managers to achieve broad market exposures.

Insider buys and sells are less relevant for ETFs, as these funds do not have traditional corporate structures with insiders, but simply track a basket of stocks. Therefore, there are usually no insider transactions that would need to be reported.

Market share of Vanguard FTSE Canada All Cap Index ETF (VCN): Estimated 10% (2025)

Top competitors and their market shares:

1. iShares Core S&P/TSX Capped Composite Index ETF (XIC): 15%
2. BMO S&P/TSX Capped Composite Index ETF (ZCN): 12%
3. Horizons S&P/TSX 60 Index ETF (HXT): 8%
4. iShares S&P/TSX 60 Index ETF (XIU): 7%
5. BMO MSCI Canada ESG Leaders Index ETF (ESGA): 5%

The Vanguard FTSE Canada All Cap Index ETF (VCN) holds a solid market share of approximately 10% positioning itself well compared to its competitors. The ETF offers broad diversification across the Canadian market and is popular among investors seeking comprehensive coverage of the Canadian stock market.

VCN's moat lies in its broad diversification and low costs traditionally offered by Vanguard. Compared to competitors that focus on specific segments like the S&P/TSX 60, VCN provides a more comprehensive coverage, which can be attractive to investors aiming for full market diversification.

However, some competitors, such as the iShares Core S&P/TSX Capped Composite Index ETF, have a larger market share and could be considered stronger competitors due to their brand recognition and specific index strategies. VCN's moat is solid but not insurmountable, as other ETFs with specific advantages like ESG focus or specialized index strategies also present strong appeals to investors.

Total Expense Ratio (TER): 0.05% (2023)
Assets Under Management: CAD 5.2 billion (2023)
Number of Holdings: Over 200 (2023)

The Vanguard FTSE Canada All Cap Index ETF (TSX:VCN) is a broadly diversified ETF that invests in Canadian companies of various market capitalizations. The low Total Expense Ratio of 0.05% makes it a cost-effective option for investors looking to invest in the Canadian market.

The ETF includes over 200 companies, providing broad diversification and thus risk mitigation. The CAD 5.2 billion in assets under management demonstrates investors' confidence in this fund and its market liquidity.

For investors interested in long-term capital investment in the Canadian market, the VCN ETF could be an attractive option. Diversification across various sectors and company sizes provides a solid foundation for a balanced portfolio.

Dividend Yield: Estimate 2.5% - 3.0% (2025)

Payout Frequency: Quarterly

The Vanguard FTSE Canada All Cap Index ETF (VCN) regularly pays dividends, typically on a quarterly basis. The dividend yield usually ranges between 2.5% and 3.0%, based on historical data and current market trends.

Vanguard is known for its reliable payouts as the ETF invests in a broad range of Canadian stocks that are stable dividend payers. Diversification across various sectors contributes to the stability and reliability of dividend payments.