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Is Vanguard FTSE Global All Cap a PFIC?



New investor here,

Recently decided I’m going to start putting small amounts into this index fund, issue is I’ve got a dual citizenship (UK and USA). And from what I understand the USA will heavily tax me on my dividends (even though my fund is Acc) despite me having never worked a day there (UK student). However this is only if the fund I’m investing in is recognised as a PFIC. I’ve had a look round and haven’t found anything that confirms whether it is or whether it’s exempt, but I’ve seen an ETF that tracks this fund is exempt from these taxes.

So I thought I’d ask some of you guys who are a bit more experienced in this, should I look for a different fund or is this fund going to be fine to have in my HL S&S ISA under the tax wrapper?

submitted by /u/JustARandomBoyy
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