Vanguard Global Value Equity Active ETF (Managed Fund) is an exchange traded fund launched and managed by Vanguard Investments Australia Ltd. It invests in the public equity markets of developed countries across the globe. The fund seeks to invest in the stocks of companies operating across diversified sectors. It invests in the value stocks of companies across all market capitalizations, within the market capitalization range of the FTSE Developed All Cap Index and the Russell 3000 Index. The fund employs quantitative analysis focusing on factors such as price-to-book, price-to-earnings ratio, price-to-estimated future earnings, and price-to-operating cash flow to create its portfolio. It benchmarks the performance of its portfolio against the FTSE Developed All-Cap Index and FTSE Developed All-Cap in Australian dollars Index. The fund employs proprietary research to create its portfolio. Vanguard Global Value Equity Active ETF (Managed Fund) was formed on April 13, 2018 and is domiciled in Australia.