Vanguard Real Estate Index Institutional (VGSNX)

Fund Assets	65.68B
Expense Ratio	0.11%
Min. Investment	$5,000,000
Turnover	7.00%
Dividend (ttm)	0.78
Dividend Yield	3.93%
Dividend Growth	-3.19%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 24, 2025

Previous Close	19.74
YTD Return	4.01%
1-Year Return	-2.51%
5-Year Return	26.36%
52-Week Low	17.17
52-Week High	20.33
Beta (5Y)	1.17
Holdings	157
Inception Date	Dec 3, 2003

About VGSNX

The advisor attempts to track the index by investing all, or substantially all, of its assets-either directly or indirectly through a wholly owned subsidiary, which is itself a registered investment company-in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

• Fund Family: Vanguard
• Category: Real Estate
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: VGSNX
• Share Class: Institutional Shares
• Index: MSCI US Investable Market Real Est 25/50 TR USD

Performance

VGSNX had a total return of -2.51% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.55%.

Equivalent ETF

VGSNX has an equivalent ETF with the ticker symbol VNQ, the Vanguard Real Estate ETF. This is an ETF from the same fund company that follows the same index. It has an expense ratio of 0.13% compared to 0.11% for VGSNX.

Symbol	Name	Expense Ratio
VNQ	Vanguard Real Estate ETF	0.13%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
VGSLX	Admiral Shares	0.13%
VGSIX	Investor Shares	0.27%

Top 10 Holdings

52.38% of assets

Name	Symbol	Weight
Vanguard Real Estate II Index	VRTPX	14.44%
Welltower Inc.	WELL	6.84%
Prologis, Inc.	PLD	6.65%
American Tower Corporation	AMT	4.84%
Equinix, Inc.	EQIX	4.78%
Digital Realty Trust, Inc.	DLR	3.32%
Simon Property Group, Inc.	SPG	3.31%
Realty Income Corporation	O	3.03%
CBRE Group, Inc.	CBRE	2.63%
Public Storage	PSA	2.54%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 24, 2025	$0.1921	Sep 25, 2025
Jun 26, 2025	$0.1913	Jun 27, 2025
Mar 25, 2025	$0.2055	Mar 26, 2025
Dec 23, 2024	$0.1887	Dec 24, 2024
Sep 27, 2024	$0.1791	Sep 30, 2024
Jun 28, 2024	$0.2274	Jul 1, 2024