Fund Evaluator:

Vanguard Global ex-US Real Est Idx Adm Overview

Vanguard Global ex-US Real Est Idx Adm (VGRLX) is a passively managed Sector Equity Global Real Estate fund. Vanguard launched the fund in 2011.

The investment seeks to track the performance of the S&P Global ex-U.S. Property Index that measures the investment return of international real estate stocks. The fund employs an indexing investment approach designed to track the performance of the 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).

About Vanguard Global ex-US Real Est Idx Adm (VGRLX)

There are 3 members of the management team with an average tenure of 5.40 years: Scott Geiger (2022), John Kraynak (2025), Michael Perre (2015). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI ACWI Ex USA NR USD index with a weighting of 100% and S&P Global Ex US Property NR USD index with a weighting of 100%. Vanguard Global ex-US Real Est Idx Adm has 748 securities in its portfolio. The top 10 holdings constitute 21.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Vanguard Global ex-US Real Est Idx Adm is part of the Equity global asset class and is within the Sector Equity fund group. Vanguard Global ex-US Real Est Idx Adm has 96.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 96.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Vanguard Global ex-US Real Est Idx Adm has 2.0% of the portfolio in cash.

Assets Under Management

The fund has $278 million in total assets, which is above the $200 million average for the Global Real Estate category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

VGRLX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Vanguard Global ex-US Real Est Idx Adm expense ratio is low compared to funds in the Global Real Estate category. Vanguard Global ex-US Real Est Idx Adm has an expense ratio of 0.12%, which is 90% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Vanguard Global ex-US Real Est Idx Adm has a portfolio turnover rate of 10%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 72% for the Global Real Estate category.

Recently, in the month of June 2026, Vanguard Global ex-US Real Est Idx Adm returned -2.9%, which earned it a grade of F, as the Global Real Estate category had an average return of 0.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Vanguard Global ex-US Real Est Idx Adm has a trailing yield of 4.81%, which is above the 2.90% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Vanguard Global ex-US Real Est Idx Adm Grades

Year to date, the fund has returned -2.4%, 10.7 percentage points worse than the category, which translates into a grade of F. The fund has returned 1.9% over the past year (grade of F), 8.5% over the past three years (grade of C) and -1.2% per year over the past five years (grade of F) and 2.3% per year over the past 10 years (grade of F).

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