VANGUARD REAL ESTATE II INDEX FUND
U.S. stock index fund · tracks MSCI US Investable Market Real Estate 25/50 Index
As of its 2026 Q2 report, VANGUARD REAL ESTATE II INDEX FUND held 149 positions with $10.59B in net assets. Its ten largest holdings made up 49.3% of the fund. The VRTPX share class costs 0.08% a year. Over the 12 months to May 2026, VRTPX returned 11.4%, with dividends reinvested. In 2026 Q3 it added 2 new positions and exited 7.
Vanguard Real Estate II 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 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 |
|---|---|---|---|---|
WELLWelltower Inc | 9.27% | $981.77M | 4.5M | $217.34 |
PLDPrologis Inc | 8.20% | $868.25M | 6.1M | $142.02 |
EQIXEquinix Inc | 6.61% | $699.76M | 646.2K | $1,082.83 |
5.32% | $562.98M | 3.1M | $182.71 | |
4.29% | $454.30M | 2.3M | $200.94 | |
4.13% | $437.72M | 2.1M | $203.71 | |
3.67% | $388.95M | 6.1M | $64.24 | |
CBRECBRE Group Inc | 2.64% | $279.58M | 2.0M | $142.73 |
2.63% | $278.07M | 919.4K | $302.45 | |
VTRVentas Inc | 2.56% | $271.63M | 3.1M | $87.86 |
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 149 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 | 99.44% |
| Cash & short-term | 0.59% |
| Derivatives | 0.00% |
Derivatives are shown at market value, not notional exposure.
By sector
- Real Estate
- 99.3%
- Cash
- 0.7%
- International
- 0.0%
How it has done
VRTPX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.51%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
VANGUARD REAL ESTATE II INDEX FUND is a U.S. equity index fund that tracks the MSCI US Investable Market Real Estate 25/50 Index. 32% of VRTPX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 100% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 0.08%· VRTPX 0.08%
- Portfolio turnover
- 3.00% 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.
7 exited
Understand how this fund fits with the rest.
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