Vanguard Real Estate ETF
Tracks MSCI US REIT
The four numbers that price an ETF.
What the ETF actually owns.
From the most recent SEC N-PORT filing. The top-10 weight tells you how concentrated the fund is — broad-market trackers run 25-30%, single-theme funds often 50-70%.
| # | Holding | Weight | Value (USD) | Asset class |
|---|---|---|---|---|
| 1 | Vanguard Real Estate II Index Fund | 14.52% | $9.55 B | EC |
| 2 | Welltower Inc | 7.08% | $4.65 B | EC |
| 3 | Prologis Inc | 6.88% | $4.53 B | EC |
| 4 | American Tower Corp | 4.77% | $3.13 B | EC |
| 5 | Equinix Inc | 4.56% | $3.00 B | EC |
| 6 | Simon Property Group Inc | 3.55% | $2.33 B | EC |
| 7 | Digital Realty Trust Inc | 3.21% | $2.11 B | EC |
| 8 | Realty Income Corp | 3.15% | $2.07 B | EC |
| 9 | CBRE Group Inc | 2.88% | $1.89 B | EC |
| 10 | Public Storage | 2.48% | $1.63 B | EC |
| 11 | Crown Castle Inc | 2.15% | $1.41 B | EC |
| 12 | Ventas Inc | 2.00% | $1.32 B | EC |
| 13 | Extra Space Storage Inc | 1.66% | $1.09 B | EC |
| 14 | VICI Properties Inc | 1.59% | $1.04 B | EC |
| 15 | Iron Mountain Inc | 1.54% | $1.02 B | EC |
| 16 | CoStar Group Inc | 1.47% | $968 M | EC |
| 17 | AvalonBay Communities Inc | 1.44% | $944 M | EC |
| 18 | Equity Residential | 1.28% | $844 M | EC |
| 19 | SBA Communications Corp | 1.12% | $738 M | EC |
| 20 | Weyerhaeuser Co | 1.06% | $694 M | EC |
| 21 | Jones Lang LaSalle Inc | 0.96% | $633 M | EC |
| 22 | Essex Property Trust Inc | 0.92% | $606 M | EC |
| 23 | Sun Communities Inc | 0.91% | $595 M | EC |
| 24 | Mid-America Apartment Communities Inc | 0.89% | $587 M | EC |
| 25 | Invitation Homes Inc | 0.88% | $581 M | EC |
What we measure and what we leave out.
Data sources: SEC EDGAR N-PORT filings (holdings + filing-date timestamp); issuer fact sheets for expense ratio + AUM + inception; Yahoo Finance for daily NAV.
Expense ratio is the single biggest forward predictor of long-horizon performance. A 0.03% expense ratio compounds to a fundamentally different outcome than a 0.95% expense ratio over 25 years — even if the underlying index is identical.
Concentration risk lives in the top-10 weight. For broad-market trackers (VOO, VTI, SPY) the top-10 sits around 28-32%. For thematic funds — semiconductors, AI, cannabis — top-10 often crosses 60%. A "sector tilt" with 60% in 10 names is closer to active stock-picking than passive index exposure.
LRS + tax for Indian investors: US-listed ETFs are securities for Indian-tax purposes — held > 24 months = LTCG @ 12.5%, ≤ 24 months = slab-rate STCG. Distributions are dividends taxed at slab rates (US withholds 25%, creditable via DTAA). LRS USD 250,000 / FY cap applies to each remittance.
India-listed alternative: for S&P 500 / NASDAQ-100 exposure without LRS friction, see India-listed ETFs at /etfs/ (Motilal Oswal, Mirae, Nippon, etc. variants). Higher TER but no LRS hassle and INR-settled.
What this page does not model: tracking error vs underlying index, premium/discount to NAV, bid-ask spread on-exchange, currency-hedged variants (e.g. JPST-hedged), securities lending revenue (which subsidises some expense ratios).
ETF NAVs, tracking error and AUM are computed from AMFI disclosures. ETFs are subject to market risk and tracking-error risk. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.