Morningstar

Vanguard Global ex-U.S. Real Estate Index Fund Institutional Shares VGRNX

Morningstar Medalist Rating
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Medalist Rating as of See Vanguard Investment Hub
  • NAV / 1-Day Return $85.95  /  −0.19 %
  • Fund Size $3.6B
  • Adjusted Expense Ratio 0.110%
  • Net Expense Ratio 0.110%
  • Fee Level: Distribution Low
  • Share Class Type Institutional
  • Morningstar Category Global Real Estate
  • Equity Style Box (Funds) Mid Value
  • Minimum Initial Investment $5M
  • Investment Status Open
  • TTM Yield 5.06%
  • Turnover Ratio 10%
NAV and 1-Day Return as of

Morningstar’s Analysis VGRNX

Will VGRNX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VGRNX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the VGRNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of VGRNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A fine choice for international real estate.

Associate Analyst Brian Paoli

Brian Paoli

Associate Analyst

Summary

Vanguard Global ex-US Real Estate is a good choice for investors seeking real estate exposure outside the US, but its exclusion of the US market makes it an odd fit in the global real estate Morningstar Category.

by Brian Paoli
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Portfolio Holdings VGRNX

More VGRNX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Goodman Group

3.83 139M
Real Estate

Mitsubishi Estate Co Ltd

2.75 99M
Real Estate

Mitsui Fudosan Co Ltd

2.52 91M
Real Estate

Sun Hung Kai Properties Ltd

2.07 75M
Real Estate

Emaar Properties PJSC

1.96 71M
Real Estate

Sumitomo Realty & Development Co Ltd

1.89 68M
Real Estate

Slbbh1142

1.80 65M
Cash and Equivalents

Daiwa House Industry Co Ltd

1.69 61M
Real Estate

Segro PLC

1.53 55M
Real Estate

Vonovia SE

1.40 51M
Real Estate

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