Morningstar

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

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 84.84  /  −0.50 %
  • Total Assets 3.8B
  • Adj. Expense Ratio
    0.110%
  • Expense Ratio 0.110%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Global Real Estate
  • Investment Style Mid Value
  • Min. Initial Investment 5M
  • Status Open
  • TTM Yield 5.06%
  • Turnover 10%

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:10 AM GMT+0

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
Rated on Published on

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Portfolio Holdings VGRNX

More VGRNX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Goodman Group

3.89 148M
Real Estate

Mitsubishi Estate Co Ltd

2.75 105M
Real Estate

Mitsui Fudosan Co Ltd

2.50 95M
Real Estate

Sun Hung Kai Properties Ltd

2.18 83M
Real Estate

Sumitomo Realty & Development Co Ltd

1.86 71M
Real Estate

Vonovia SE

1.81 69M
Real Estate

Emaar Properties PJSC

1.73 66M
Real Estate

Daiwa House Industry Co Ltd

1.70 65M
Real Estate

Segro PLC

1.67 64M
Real Estate

Slbbh1142

1.51 58M
Cash and Equivalents

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