Vanguard Real Estate Index Fund Institutional Shares (VGSNX)

Fund Assets	65.74B
Expense Ratio	0.11%
Min. Investment	$5,000,000
Turnover	7.00%
Dividend (ttm)	0.77
Dividend Yield	3.77%
Dividend Growth	1.15%
Payout Frequency	Quarterly
Ex-Dividend Date	Dec 22, 2025

Previous Close	20.59
YTD Return	6.08%
1-Year Return	6.54%
5-Year Return	26.51%
52-Week Low	17.02
52-Week High	20.59
Beta (5Y)	n/a
Holdings	165
Inception Date	Dec 2, 2003

About VGSNX

This fund invests in real estate investment trusts—companies that purchase office buildings, hotels, and other real estate property. REITs have often performed differently than stocks and bonds, so this fund may offer some diversification to a portfolio already made up of stocks and bonds. The fund may distribute dividend income higher than other funds, but it is not without risk. One of the fund’s primary risks is its narrow scope, since it invests solely within the real estate industry and may be more volatile than more broadly diversified stock funds.

• 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 6.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.75%.

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

52.12% of assets

Name	Symbol	Weight
Vanguard Real Estate II Index Fund	VRTPX	14.45%
Welltower Inc.	WELL	7.10%
Prologis, Inc.	PLD	6.85%
American Tower Corporation	AMT	4.75%
Equinix, Inc.	EQIX	4.33%
Simon Property Group, Inc.	SPG	3.49%
Digital Realty Trust, Inc.	DLR	3.05%
Realty Income Corporation	O	2.96%
CBRE Group, Inc.	CBRE	2.77%
Public Storage	PSA	2.37%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 22, 2025	$0.1766	Dec 23, 2025
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