VANGUARD REAL ESTATE INDEX FUND
U.S. stock index ETF · tracks MSCI US Investable Market Real Estate 25/50 Index
Vanguard Real Estate Index Fund (the Fund) seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs and other real estate-related investments.
The fund tracks the MSCI US Investable Market Real Estate 25/50 Index by holding all or substantially all of its constituent stocks in the same proportions as the index, which comprises large, mid-size, and small U.S. real estate companies including equity REITs and real estate management and development firms. As a nondiversified fund, it may invest a greater percentage of its assets in particular issuers than a diversified fund would. The fund concentrates more than 25% of its assets in real estate industry securities as a matter of fundamental policy.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Vanguard Real Estate II Index Fund | 14.63% | $10.23B | 441.4M | $23.18 |
WELLWelltower Inc | 7.84% | $5.48B | 25.2M | $217.34 |
PLDPrologis Inc | 7.00% | $4.90B | 34.5M | $142.02 |
EQIXEquinix Inc | 5.64% | $3.95B | 3.6M | $1,082.83 |
4.54% | $3.18B | 17.4M | $182.71 | |
3.66% | $2.56B | 12.8M | $200.94 | |
3.53% | $2.47B | 12.1M | $203.71 | |
3.11% | $2.18B | 33.9M | $64.24 | |
2.54% | $1.77B | 5.9M | $302.45 | |
CBRECBRE Group Inc | 2.25% | $1.58B | 11.0M | $142.73 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 157 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.62% |
| Cash & short-term | 0.51% |
| Derivatives | 0.01% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified.
By sector
- Real Estate
- 85.0%
- Other
- 14.6%
- Cash
- 0.4%
- International
- 0.0%
How it has done
VNQ share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.43%. Past returns are a record, not a forecast.
The 4 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.27% | +13.02% | +29.83% | +16.73% | -13.63% | |
| 0.13% | +13.21% | +30.43% | +17.56% | -13.59% | |
| 0.11% | +13.23% | +30.53% | +17.67% | -13.55% | |
| 0.13% | +13.22% | +30.40% | +17.50% | -13.59% |
These classes hold the same portfolio, so the 0.95pp spread over 5 years is the cost difference between them — roughly 0.19pp a year — not a difference in what they own.
Fees & fund details
VANGUARD REAL ESTATE INDEX FUND is a U.S. equity index ETF that tracks the MSCI US Investable Market Real Estate 25/50 Index. 31% of VNQ’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 85% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
- Features
- Non-diversified
- Expense ratio, by class
- 0.11% – 0.27%· VNQ 0.13%
- Portfolio turnover
- 7.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
1 new· not itemized for this fund
3 exited
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