Vanguard Specialized Funds. Holdings as of Jul 31, 2026, from Form N-PORT.
Share of net assets at the report date, for the whole fund across all share classes.
| Holding | Weight | Value | Shares or units |
|---|---|---|---|
| Vanguard Real Estate II Index Fund | 14.50% | $10.60B | 445,588,339 |
| Welltower IncWELL | 8.51% | $6.22B | 26,538,721 |
| Prologis IncPLD | 7.01% | $5.13B | 35,462,583 |
| Equinix IncEQIX | 5.23% | $3.82B | 3,751,693 |
| American Tower CorpAMT | 4.20% | $3.07B | 17,730,165 |
| Simon Property Group IncSPG | 3.88% | $2.83B | 12,357,132 |
| Digital Realty Trust IncDLR | 3.37% | $2.46B | 13,071,328 |
| Realty Income CorpO | 3.08% | $2.25B | 35,201,054 |
| Public StoragePSA | 2.83% | $2.07B | 6,379,564 |
| Ventas IncVTR | 2.31% | $1.69B | 18,086,847 |
| CBRE Group IncCBRE | 2.25% | $1.65B | 11,228,041 |
| Iron Mountain IncIRM | 1.89% | $1.38B | 11,316,264 |
| Crown Castle IncCCI | 1.73% | $1.27B | 16,588,411 |
| Extra Space Storage IncEXR | 1.63% | $1.19B | 8,034,079 |
| VICI Properties IncVICI | 1.37% | $1.00B | 38,097,004 |
| AvalonBay Communities IncAVBC | 1.34% | $982.23M | 5,291,879 |
| Equity ResidentialVMRK | 1.17% | $852.39M | 12,827,590 |
| SBA Communications CorpSBAC | 1.00% | $728.31M | 4,024,259 |
| Essex Property Trust IncESS | 0.95% | $696.92M | 2,452,748 |
| Weyerhaeuser CoWY | 0.94% | $686.55M | 27,428,990 |
| Host Hotels & Resorts IncHST | 0.90% | $657.51M | 26,164,290 |
| Kimco Realty CorpKIM | 0.89% | $653.36M | 25,642,056 |
| Jones Lang LaSalle IncJLL | 0.87% | $632.76M | 1,782,271 |
| WP Carey IncWPC | 0.84% | $613.97M | 8,341,971 |
| Invitation Homes IncINVH | 0.83% | $609.94M | 20,523,000 |
| Mid-America Apartment Communities IncMAA | 0.80% | $585.73M | 4,425,961 |
| Sun Communities IncSUI | 0.79% | $578.84M | 4,687,726 |
| Healthpeak Properties IncDOC | 0.79% | $577.36M | 26,448,053 |
| Omega Healthcare Investors IncOHI | 0.78% | $569.27M | 11,243,708 |
| Lamar Advertising CoLAMR | 0.72% | $523.25M | 3,271,135 |
| Regency Centers CorpREG | 0.69% | $503.27M | 6,268,174 |
| Gaming and Leisure Properties IncGLPI | 0.63% | $458.45M | 10,235,475 |
| CoStar Group IncCSGP | 0.63% | $457.12M | 15,894,241 |
| Equity LifeStyle Properties IncELS | 0.62% | $456.03M | 7,008,268 |
| EastGroup Properties IncEGP | 0.58% | $427.40M | 2,044,856 |
| UDR IncUDR | 0.58% | $425.77M | 11,157,483 |
| Camden Property TrustCPT | 0.56% | $408.34M | 3,685,084 |
| American Healthcare REIT IncAHR | 0.56% | $405.81M | 7,298,750 |
| American Homes 4 RentAMH | 0.55% | $403.98M | 12,088,066 |
| BXP IncBXP | 0.54% | $396.71M | 5,657,657 |
| Federal Realty Investment TrustFRT | 0.50% | $366.54M | 2,953,786 |
| CareTrust REIT IncCTRE | 0.49% | $356.15M | 8,491,960 |
| Agree Realty CorpADC | 0.49% | $355.46M | 4,568,831 |
| CubeSmartCUBE | 0.48% | $352.36M | 8,498,854 |
| Brixmor Property Group IncBRX | 0.48% | $349.41M | 11,088,711 |
| NNN REIT IncNNN | 0.47% | $343.93M | 7,237,586 |
| First Industrial Realty Trust IncFR | 0.45% | $332.03M | 5,043,018 |
| Rexford Industrial Realty IncREXR | 0.44% | $322.59M | 8,540,945 |
| Alexandria Real Estate Equities IncARE | 0.42% | $304.96M | 5,927,298 |
| Ryman Hospitality Properties IncRHP | 0.42% | $304.81M | 2,280,662 |
Holdings from the fund's latest Form N-PORT; expense ratio (net of fee waivers) from the risk/return summary of its prospectus; fund type from Form N-CEN. Prices are end-of-day closes adjusted for splits; total return also reinvests distributions.