# Simulate VAFTGAG **URL:** \ **Category:** General\ **Created:** [25 September 2024 12:11 UTC](https://community.investengine.com/t/simulate-vaftgag/1882 "2024-09-25T12:11:45Z")\ **Posts on this page:** 9\ **Page:** 1
**Author:** ![gjb](https://avatars.discourse-cdn.com/v4/letter/g/3ec8ea/32.png) [@gjb](https://community.investengine.com/u/gjb)\ **Post date:** [25 September 2024 12:11 UTC](https://community.investengine.com/t/simulate-vaftgag/1882/1 "2024-09-25T12:11:45Z")
I am looking to simulate, as best possible, the Vanguard FTSE Global All Cap Index Fund (VAFTGAG) (TER 0.23%) with existing accumulating ETFs on IE, with low TER. Have come up with this: SPDR S&P 500 UCITS ETF – SPXL-(TER 0.3%) - 65% Vanguard FTSE Developed Europe UCITS ETF – VEUA (TER 0.10%) - 15% (this Europe ETF also includes UK). iShares Core ASCI Emerging Markets IMI UCITS ETF – EMIM (TER 0.18%) - 10% Vanguard FTSE Developed Asia Pacific Ex Japan UCITS ETF – VDPG (TER 0.15%) – 5% iShares Cord MSCI Japan IMI UCITS ETF – SJPA (TER 0.12%) – 5% The total holdings are 4383. Any opinions would be welcome. Is there a simpler way to do this, or should I be adding more ETFs such as small cap? ---
**Author:** ![Woody1234](https://avatars.discourse-cdn.com/v4/letter/w/a6a055/32.png) [@Woody1234](https://community.investengine.com/u/Woody1234)\ **Post date:** [25 September 2024 15:27 UTC](https://community.investengine.com/t/simulate-vaftgag/1882/2 "2024-09-25T15:27:03Z")
Hi , why not just use Vanguard ESG Global allcap etf , ticker V3AB , ter of 0.24 percent with around 5375 stocks in total , ---
**Author:** ![gjb](https://avatars.discourse-cdn.com/v4/letter/g/3ec8ea/32.png) [@gjb](https://community.investengine.com/u/gjb)\ **Post date:** [25 September 2024 18:55 UTC](https://community.investengine.com/t/simulate-vaftgag/1882/4 "2024-09-25T18:55:58Z")
Thanks, I missed that one. ---
**Author:** ![gjb](https://avatars.discourse-cdn.com/v4/letter/g/3ec8ea/32.png) [@gjb](https://community.investengine.com/u/gjb)\ **Post date:** [25 September 2024 18:57 UTC](https://community.investengine.com/t/simulate-vaftgag/1882/5 "2024-09-25T18:57:05Z")
Thanks for info on FTSE and MSCI overlap and gaps. This is harder than I thought, could be worthwhile dropping VDPG and staying with EMIM. Does not seem to be much choice on the small caps and the high fees! I had looked at the FWRG, definitely worth considering. ---
**Author:** ![Spear](https://avatars.discourse-cdn.com/v4/letter/s/eb9ed0/32.png) [@Spear](https://community.investengine.com/u/Spear)\ **Post date:** [25 September 2024 22:12 UTC](https://community.investengine.com/t/simulate-vaftgag/1882/6 "2024-09-25T22:12:03Z")
SWLD - MSCI World Large/Med ~80% WLDS - MSCI World Small Cap ~9% EMIM - MSCI Emering Markets All Cap ~11% Portfolio TER - 0.14% 6538 Holdings ---
**Author:** ![bicharo](https://avatars.discourse-cdn.com/v4/letter/b/c67d28/32.png) [@bicharo](https://community.investengine.com/u/bicharo)\ **Post date:** [26 September 2024 09:43 UTC](https://community.investengine.com/t/simulate-vaftgag/1882/7 "2024-09-26T09:43:34Z")
@noname - curious to see what you think about FWRG vs ACWI (by SPDR). Now SPDR have reduced the fee on ACWI to 0.12%, it seems like a much better option than Invesco FWRG. Holdings are very similar (2362 for ACWI vs 2646 for FWRG), but ACWI has a lower TER of 0.12%, has much larger AUM (over £2bn for ACWI vs under £0.4BN for FWRG), and has lower trading spreads (indicative spreads of 0.07% for ACWI, vs 0.15% for FWRG). Really seems like Investengine are missing a trick by not having SPDR ACWI as an option! I personally to date have gone with 90% VHVG and 10% VFEG, which gives an average TER of 0.13%, and 4236 holdings. ---
**Author:** ![bicharo](https://avatars.discourse-cdn.com/v4/letter/b/c67d28/32.png) [@bicharo](https://community.investengine.com/u/bicharo)\ **Post date:** [26 September 2024 13:26 UTC](https://community.investengine.com/t/simulate-vaftgag/1882/9 "2024-09-26T13:26:57Z")
I personally wouldn’t recommend PRIW. Even though it has a notional TER of 0.05%, it is luxembourg domiciled, which I believe means it pays 30% witholding tax on US Dividends. Assuming US is 60% of market cap, and dividends yield is 1.5%, this adds around 27bps to the return of this fund. Typical spreads are also high at around 17bps. A cheap MSCI world like SWLD has a TER of 0.12%, but is Irish domiciled and so pays only 15% witholding tax, and has spreads of only 3bps. I think tracking difference of this fund should be superior to PRIW. You can avoid paying witholding tax by going for a swap-based US tracker like SPXP, though makes it difficult to add countries like Canada into the portfolio. ---
**Author:** ![gjb](https://avatars.discourse-cdn.com/v4/letter/g/3ec8ea/32.png) [@gjb](https://community.investengine.com/u/gjb)\ **Post date:** [26 September 2024 19:32 UTC](https://community.investengine.com/t/simulate-vaftgag/1882/11 "2024-09-26T19:32:22Z")
Do you only have FWRG or have you added a small cap as well? ---
**Author:** ![gjb](https://avatars.discourse-cdn.com/v4/letter/g/3ec8ea/32.png) [@gjb](https://community.investengine.com/u/gjb)\ **Post date:** [15 April 2025 14:56 UTC](https://community.investengine.com/t/simulate-vaftgag/1882/13 "2025-04-15T14:56:06Z")
To give you an update I added Xtrackers MSCI World ex USA (XMWX). This is a good compliment to the S&P 500. I’m leaving off adding an emerging market ETF.