VAP AU
VAP ETF: A Guide to Vanguard Australian Property Securities INDEX ETF
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Overview
Vanguard Australian Property Securities INDEX ETF (VAP) gives Australian investors exposure to listed property businesses. Its portfolio is notably concentrated: Goodman Group is the largest disclosed holding, while the top 10 account for 85.475%. The fund’s reported returns include a weak recent period alongside positive three- and ten-year figures, illustrating how results can vary across market environments.
Category
Australian listed property securities provide exposure to businesses whose fortunes are linked to property ownership, development, leasing and management. The theme spans different property activities, but VAP’s largest positions are concentrated in a relatively small group of listed companies, making the composition of its major holdings central to understanding the fund.
Listed property securities can respond to several forces at once: rental income and occupancy, property valuations, borrowing costs and investor expectations about interest rates. That mix can make property funds behave differently from broad share-market funds, and changes in financing conditions may affect both valuations and distributions.
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Key facts
- Ticker
- VAP
- Exchange
- AU
- ISIN
- AU000000VAP7
- Category / focus
- Asia-Pacific Real Estate
- Provider
- Vanguard Investments Australia Ltd
- Domicile
- Australia
- Currency
- AUD
- Inception date
- 2010-10-11
- Use of income
- Quarterly
- UCITS
- No
Costs
- TER
- 0.00%
- Ongoing charge
- 0.00%
- AUM
- 5.2B
The supplied cost fields display a 0% ongoing charge, 0% net expense ratio and 0% TER. These figures are presented as provided; investors can check the fund’s current product disclosure documents for applicable costs and details of how charges are treated. Brokerage and other transaction costs may also apply when buying or selling ETF units.
Performance
- YTD
- -6.2%
- 1 year
- -7.5%
- 3 years
- 11.2%
- 5 years
- 3.4%
- 10 years
- 7.5%
- Dividend yield
- 3.16%
- Top 10 concentration
- 87.3%
Holdings
-
Goodman Group38.00%
-
Scentre Group12.00%
-
Stockland6.94%
-
Vicinity Centres5.98%
-
Charter Hall Group6.21%
-
GPT Group6.00%
-
Mirvac Group4.90%
-
Dexus4.27%
-
Region Group1.66%
-
BWP Trust1.40%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
The portfolio is focused on Australian real estate businesses. Its largest disclosed positions include Goodman Group, Scentre Group, Stockland, Vicinity Centres and Charter Hall Group. Retail property and diversified property groups feature among the largest holdings, while the concentration in the top 10 is 85.475%.
Sectors
-
Real Estate100.0%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
Risks
Who it may suit
VAP may interest investors researching listed Australian property securities and who understand that a sector-focused fund can behave differently from a broad share-market portfolio. Its concentrated holdings mean it is important to consider exposure to individual property groups as well as the risks of the property sector.
Key risks
VAP is exposed to the risks of listed property securities, including changes in property valuations, rental conditions and financing costs. Its concentrated portfolio adds company-specific risk: the largest disclosed holding, Goodman Group, represents 35.535%, and the top 10 holdings together represent 85.475%. Past returns do not guarantee future results, and distributions may vary.
FAQ
What does VAP invest in?
VAP provides exposure to Australian listed property securities. Its disclosed holdings are concentrated in real estate businesses, including property groups and retail-focused trusts.
How concentrated are VAP’s largest holdings?
The top 10 holdings account for 85.475% of the portfolio. Goodman Group is the largest disclosed holding at 35.535%, so its performance can have a substantial effect on the fund.
Does VAP pay distributions?
The supplied fund information describes distributions as quarterly and shows a dividend yield of 3.268%. Distributions and yields can change and are not guaranteed.
*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.
