VNQ Vanguard Real Estate ETF ETF.com segment: Equity: U.S. Real Estate Competing ETFs: SCHH, IYR, XLRE, RWR, USRT Related ETF Channels: North America, U.S., Broad-based, Vanilla, Equity, Real Estate, Sectors Find more ETFs with our ETF Screener and Database *Unless otherwise stated, data provided by FactSet. A 89 VNQ FUND DESCRIPTION The Vanguard U.S. REIT fund tracks a market-cap-weighted index of companies involved in the ownership and operation of real estate in the United States. VNQ FACTSET ANALYTICS INSIGHT VNQ dominates US real estate ETFs. It tracks a broad index that captures much of the US real estate market. The fund holds a deep basket and its market-cap allocations mirror those of our neutral benchmark. The only place it deviates is the persistent sector bias away from specialized in favor of commercial.vnq has massive assets and is extremely cheap to hold. In fact, excellent portfolio management has, at times, brought the cost of owning VNQ even lower than its paltry stated expense ratio. The only blemish we see is the fact that Vanguard discloses holdings monthly rather than daily. However, this is a nuisance at most in a low-turnover fund, and immaterial to many investors. VNQ trades huge volumes every day with penny-wide spreads. It has the depth and liquidity to handle almost anything. As with peer REIT ETFs, distributions from the fund are taxed as ordinary income.in all, VNQ earns Analyst Pick in a crowded field for solid coverage at extremely low all-in costs.prior to February 1, 2018 the fund tracked the MSCI US REIT Index. During the period of February 1 to July 24, 2018, the fund tracked the MSCI US Investable Market Real Estate 25/50 Transition Index. Effective July 25, 2018 the fund tracked the MSCI Investable Market Real Estate 25/50 Index. VNQ SUMMARY DATA Issuer Inception Date Legal Structure Expense Ratio Assets Under Management Average Daily $ Average Spread (%) VNQ PORTFOLIO DATA Weighted Average Market Cap Price / Earnings Ratio Price / Book Ratio Distribution Yield Next Ex-Dividend Date Vanguard 09/23/04 Open-Ended Fund 0.12% $32.70B $331.64M 0.01% $20.69B 40.42 2.55 4.27% 09/24/14 VNQ MSCI ESG ANALYTICS INSIGHT The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of September 12, 2018 the Vanguard Real Estate ETF MSCI ESG Fund Quality Score is 4.27 out of 10. The fund s Peer Rank reflects the ranking of a fund s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. VNQ ranks in the 69th percentile within its peer group and in the 13th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage. Number of Holdings VNQ INDEX DATA Index Tracked Index Weighting Methodology Index Selection Methodology 188 MSCI US IMI Real Estate 25/50 Index Market Cap Market Cap Thomson Reuters US Residential & Commercial
1 Year Daily Price ($) 90.00 85.00 80.00 75.00 Oct Nov Dec `18 Feb Mar Apr May Jun Jul Aug Sep 20M PERFORMANCE [as of 09/12/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS VNQ 1.85% 4.31% 2.24% 2.78% 8.72% 9.23% 7.52% VNQ (NAV) 1.94% 4.29% 2.23% 2.73% 8.69% 9.24% 7.42% MSCI US IMI Real Estate 25/50 Index -- -- -- -- -- -- 7.42% Thomson Reuters US Residential & Commercial -- -- -- -- -- -- -- All returns over 1 year are annualized. All returns are total returns unless otherwise stated. VNQ TOP 10 COUNTRIES United States 100.51% VNQ TOP 10 SECTORS Commercial 43.90% Real Estate Development 0.83% Specialized 35.23% Advertising & Marketing 0.77% Residential 12.52% Diversified 0.70% Real Estate Services 3.07% Ground Freight & Logistics 0.04% Corporate Financial Servi 1.74% Fishing & Farming 0.02% VNQ TOP 10 HOLDINGS Vanguard Real Estate II In 10.55% Equinix, Inc. 2.85% American Tower Corporat 5.34% Public Storage 2.79% Simon Property Group, In 4.62% Weyerhaeuser Company 2.11% Crown Castle Internationa 3.69% Digital Realty Trust, Inc. 2.04% Prologis, Inc. 2.86% AvalonBay Communities, 2.00% Total Top 10 Weighting 38.85%
VNQ PORTFOLIO MANAGEMENT VNQ TAX EXPOSURES VNQ FUND STRUCTURE Expense Ratio Median Tracking Difference (12 Mo) Max. Upside Deviation (12 Mo) Max. Downside Deviation (12 Mo) 0.12% -0.12% -0.10% -0.14% Max LT/ST Capital Gains Rate Capital Gains Distributions (3 Year) Tax on Distributions Distributes K1 20.00% / 39.60% -- Ordinary income No Legal Structure OTC Derivative Use Securities Lending Active Securities Lending Split (Fund/Issuer) ETN Counterparty Open-Ended Fund No Yes 100% / 0% N/A ETN Counterparty Risk N/A Fund Closure Risk Low Portfolio Disclosure Monthly
Daily Spread 0.020% VNQ FACTSET ANALYTICS BLOCK LIQUIDITY As of 09/13/18 0.018% 0.016% 0.014% 0.012% 0.010% 5 4 3 2 1 This measurement shows how easy it is to trade a $1 million USD block of VNQ. VNQ is rated a 5 out of 5. Premium/Discount 0.8% 0.5% VNQ TRADABILITY Avg. Daily Share 3,999,721 0.3% Average Daily $ $331.64M 0.0% Median Daily Share 4,002,370-0.3% 20M 15M 10M 5M Median Daily ($) Average Spread (%) Average Spread ($) $329.40M 0.01% $0.01 Oct Dec Feb Apr May Jul Sep Median Premium / Discount (12 Mo) 0.00% Max. Premium / Discount (12 Mo) 0.62% / -0.14% Impediment to Creations None Market Hours Overlap 100.00% Creation Unit Size (Shares) 100,000 Creation Unit/Day (45 Day Average) 40.02 Creation Unit Cost (%) 0.00% Underlying / Unit 0.16% Open Interest on ETF Options 156,530 Net Asset Value (Yesterday) $83.21 ETF.com Implied Liquidity 5
VNQ SECTOR/INDUSTRY BREAKDOWN VNQ TOP 10 HOLDINGS VNQ PERFORMANCE STATISTICS Commercial Specialized Residential Real Estate Services Corporate Financial Services VNQ 43.90% 40.89% 35.23% 41.46% 12.52% 12.08% 3.07% -- 1.74% 1.88% Vanguard Real Estate II Index Fund Institutional Plus Shares American Tower Corporation Simon Property Group, Inc. Crown Castle International Corp Prologis, Inc. Equinix, Inc. Public Storage Weyerhaeuser Company Digital Realty Trust, Inc. AvalonBay Communities, Inc. 10.55% 5.34% 4.62% 3.69% 2.86% 2.85% 2.79% 2.11% 2.04% 2.00% Goodness of Fit (R2) Beta Up Beta Down Beta Downside Standard Deviation 0.98 1.05 1.08 1.06 0.13% Thomson Reuters US Residential & Commercial VNQ MSCI ESG RATINGS MSCI ESG Quality Score 4.27 / 10 Real Estate Development & Operations Advertising & Marketing Diversified Ground Freight & Logistics 0.83% -- 0.77% 0.78% 0.70% 0.49% 0.04% -- Total Top 10 Weighting 38.85% Peer Group Percentile Rank Global Percentile Rank SRI Screening Criteria Exposure Exposure to Sustainable Impact Solutions Weighted Average Carbon Intensity (t CO2e/$M Sales) 69.06 12.75 0.78% 7.39% 101.39 Fishing & Farming 0.02% -- VNQ BENCHMARK COMPARISON HOLDINGS VNQ COUNTRIES VNQ United States 100.51% 100.00% VNQ REGIONS VNQ Number of Holdings Constituents Shared Holdings Shared Holdings Weight 188 185 152 89.78% VNQ North America 100.51% 100.00% VNQ BENCHMARK COMPARISON SUMMARY VNQ VNQ ECONOMIC DEVELOPMENT VNQ Developed Countries 100.00% 100.00% Number of Holdings Weighted Average Market Cap Price / Earnings Ratio Price / Book Ratio Dividend Yield 188 185 $20.69B $21.15B 40.42 32.61 2.55 2.35 3.70% 4.21% Concentration Medium --
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