Vanguard Global ex-U.S. Real Estate Index Fund (NASDAQ:VNQI) employs an indexing investment approach designed to track the performance of the S&P Global ex-U.S. Property Index, a float-adjusted, market-capitalization-weighted index that measures the equity market performance of international real estate stocks in both developed and emerging markets. The index is composed of stocks of publicly traded equity real estate investment trusts (known as REITs) and certain real estate management and development companies (REMDs).
- Net Assets: 3.91 billion
- NAV: 37.38
- Yield: 7.61%
- Expense Ratio: 0.12%
As an “ex-U.S” fund, this Vanguard option excludes any real estate holding in the U.S., which adds up to a wide portfolio of about 700 holdings. Geographically, the leading region is Japan with 24% of assets followed by 11% in Australia and then 10% in Hong Kong. These companies tend to be more generous with dividends, adding up to a yield that is more than two times the typical U.S. REIT ETF. And keep in mind that if you like the yield but still want some exposure to the U.S. REIT sector, you can easily layer on VNQI without duplicating holdings since it doesn’t overlap at all with any domestic-focused ETF.
Top 10 Holdings (18.16% of Total Assets)
|Mitsui Fudosan Co Ltd||8801||2.08%|
|Mitsubishi Estate Co Ltd||8802||2.01%|
|Sun Hung Kai Properties Ltd||00016.HK||1.94%|
|Link Real Estate Investment Trust||00823.HK||1.75%|
|Daiwa House Industry Co Ltd||1925||1.60%|
|CK Asset Holdings Ltd||01113.HK||1.43%|
|China Resources Land Ltd||01109||1.25%|
VNQI is in my IRA account