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Vanguard Real Estate ETF

VNQ·ARCA
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Key Stats

Assets Under Management
35.80BUSD
Fund Flow (1Y)
590.91MUSD
Dividend Yield
3.75%
Discount / Premium to NAV
0.02%
Shares Outstanding
384.80M
Expense Ratio
0.13%

About Vanguard Real Estate ETF

Issuer
Vanguard
Brand
Vanguard
Inception Date
Sep 23, 2004
Structure
Open-Ended Fund
Index Tracked
MSCI US Investable Market Real Estate 25/50 Index
Management Style
Passive
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
The Vanguard Group, Inc.
Distributor
Vanguard Marketing Corp.
VNQ tracks a broad index that captures much of the US real estate market. The fund holds a deep basket and its market-cap allocations mirror those of our neutral benchmark. The only place it deviates is the persistent sector bias away from specialized REITs in favor of commercial REITs. As a result of excellent portfolio management, at times, the cost of owning VNQ has even been lower than its stated expense ratio. The only blemish we see is the fact that Vanguard discloses holdings monthly rather than daily. However, this is a nuisance at most in a low-turnover fund, and immaterial to many investors. As with peer REIT ETFs, distributions from the fund are taxed as ordinary income. Prior to February 1, 2018 the fund tracked the MSCI US REIT Index. During the period of February 1 to July 24, 2018, the fund tracked the MSCI US Investable Market Real Estate 25/50 Transition Index. Effective July 25, 2018 the fund tracked the MSCI Investable Market Real Estate 25/50 Index.

Classification

Asset Class
Equity
Category
Sector
Focus
Real Estate
Niche
Broad-based
Strategy
Vanilla
Geography
U.S.
Weighting Scheme
Market Cap
Selection Criteria
Market cap

Holdings

Symbol

Ratio

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Vanguard Real Estate II Index Fund Institutional Plus Shares

14.43%
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WELL

Welltower
7.54%
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PLD

Prologis
7.10%
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EQIX

Equinix
5.13%
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AMT

American Tower
4.81%

Symbol

Ratio

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SPG

Simon Property Group
3.57%
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O

Realty Income
3.28%
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DLR

Digital Realty Trust
3.26%
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PSA

Public Storage
2.60%
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CBRE

CBRE GROUP
2.36%

Top 10 Weight 54.08%

148 Total Holding

See all holdings

Related Funds

Seasonals

Volume Profile

Trade Flow Insight

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