Vanguard REIT Index Individual Investment Option

Strategy: The Fund employs an indexing investment approach designed to track the performance of the MSCI® US Investable Market Real Estate 25/50 Transition Index, an interim index that will gradually increase exposure to other real-estate based investments while proportionately reducing exposure to other stocks based on their weightings in the MSCI US Investable Market Real Estate 25/50 Index. The Index is made up of stocks of large, mid-size, and small U.S. companies within the real estate sector, as classified under the Global Industry Classification Standard (GICS). The GICS real estate sector is composed of equity real estate investment trusts (known as REITs), which includes specialized REITs, and real estate management and development companies. The Fund attempts to replicate the Index by investing all, or substantially all, of its assets  - either directly or through a wholly owned subsidiary (the underlying fund), which is itself a registered investment company - in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index.  The Fund may invest a portion of its assets in the underlying fund.

Risk: An investment in the Fund could lose money over short or even long periods. You should expect the Fund's share price and total return to fluctuate within a wide range. The Fund is subject to the following risks, which could affect the Fund's performance.  

Industry concentration risk: The chance that the stocks of REITs  and other real estate-related investments will decline because of adverse developments affecting the real estate industry and real property values. Because the Fund concentrates its assets in these stocks, industry concentration risk is high.

This Fund is also subject to stock market risk, interest rate risk, investment style risks, asset concentration risk, nondiversification risk, and derivatives risk.

Prices and Performance: Click here to review.

Expense Ratio: The estimated overall expense ratio for this Portfolio is:

Underlying Estimated Fund Expenses:1 0.10%
Program Management Fee: 0.25%
State Administrative Fee: 0.02%
TOTAL: 0.37%

Click to Review: Fact Sheet, Prospectus, Annual Report


1 As of December 31, 2019.


Historical prices: Search for historical price information