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Although ACWV has traded slightly lower this year, its performance since inception is solid and the fund has done a fine job of presenting investors with a less volatile option relative to traditional global equity benchmarks.
“From November 2011 through August 2017, it exhibited 24% less volatility than its parent index,” said Morningstar. “It also outpaced the benchmark by 0.76 percentage points annualized during that time. Performance will not always be this strong. The fund will likely lag during bull markets and probably won’t generate market-beating returns over the long run. But it should hold up better than most of its peers during downturns and offer better risk-adjusted returns than the MSCI ACWI Index over a full market cycle.”
Morningstar has a Silver rating on ACWV.
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