Investment objective & strategy
As of April 29, 2025 · prospectusObjective. The Portfolio seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs and other real estate-related investments.
Strategy. Vanguard Variable Insurance Funds Real Estate Index Portfolio (the Real Estate Index Portfolio) employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Real Estate 25/50 Index (the Index), an index that 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 Portfolio attempts to replicate the Index by investing all, or substantially all, of its assets in the stocks that make up the Index, holding each stock in approximately … Vanguard Variable Insurance Funds Real Estate Index Portfolio (the Real Estate Index Portfolio) employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Real Estate 25/50 Index (the Index), an index that 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 Portfolio attempts to replicate the Index by investing all, or substantially all, of its assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| WELLTOWER INC | — | $100.05M | 9.14% |
| PROLOGIS INC REIT | — | $90.52M | 8.27% |
| EQUINIX INC | — | $70.96M | 6.48% |
| AMERICAN TOWER CORP | — | $59.57M | 5.44% |
| DIGITAL REALTY TRUST INC | — | $45.64M | 4.17% |
| SIMON PROPERTY | — | $44.90M | 4.10% |
| REALTY INCOME CORP REIT | — | $41.50M | 3.79% |
| PUBLIC STORAGE | — | $31.54M | 2.88% |
| CBRE GROUP INC - CL A | — | $29.72M | 2.71% |
| VENTAS INC REIT | — | $28.32M | 2.59% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Fidelity MSCI Real Estate Index ETF · FREL | 96% | 0.08% |
| VANGUARD REAL ESTATE II INDEX FUND · VRTPX | 95% | 0.08% |
| Fidelity Real Estate Index Fund · FSRNX | 94% | 0.07% |
Advisers
| Firm | Role |
|---|---|
| The Vanguard Group, Inc. | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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