Key Highlights

  • The fund tracks the S&P/ASX 300 A-REIT Index and holds 31 companies, all in Australian real estate.
  • Goodman Group alone represents 37.19%, and the top ten account for 86.78%.
  • The management fee is 0.22% and the fund size is $2.71 billion.
  • The October 2026 distribution of $0.348 is lower than the $1.470 paid in July.

Vanguard Australian Property Securities Index ETF (ASX:VAP) holds or is exposed to most of the securities in the S&P/ASX 300 A-REIT Index, with individual weightings allowed to vary marginally. The fund was admitted to the ASX on 15 October 2010 and last traded at $82.85 on 13 October 2026. It reports a fund size of $2.71 billion.

Detail

Information

Ticker

ASX:VAP

Fund

Vanguard Australian Property Securities Index ETF

Category

Equity Australia Real Estate

Benchmark

S&P/ASX 300 A-REIT TR

Fund size

$2.71 billion

Management fee

0.22%

Total holdings

31

ASX admission date

15 October 2010

High concentration in a few names

The ten largest positions account for 86.78% of the fund. Goodman Group leads at 37.19%, followed by Scentre Group (12.30%), Stockland (6.95%), Vicinity Centres (6.44%), Charter Hall Group (5.99%) and GPT Group (5.90%). Mirvac Group holds 4.71%, Dexus 4.06%, Region Group 1.68% and Charter Hall Long WALE REIT 1.51%.

Reported turnover is 5.17%.

Sector and market capitalisation

Real Estate represents 100% of the fund, and Australia is the sole country exposure. Companies above $1 billion in market capitalisation account for 88.78% and those between $500 million and $1 billion for 11.21%.

Cash is -0.03%, stocks 99.40% and other assets 0.63%.

Fee, risk and distributions

The management fee is 0.22% a year. The fund reports a beta of 1.00 and a standard deviation of 17.33, higher than for the broad Australian shares funds. The interim distribution of $0.348 per unit had an ex-date of 1 October 2026, a record date of 2 October and payment on 16 October, equal to an annual yield of 3.36%.

That amount is lower than the $1.470 paid in July and $0.505 in April, but higher than the $0.456 in January and $0.286 in October 2025.

Category classification and liquidity

Morningstar places the fund in the Equity Australia Real Estate category, which covers funds investing primarily in Australian listed property trusts almost exclusively, with at least 75% of the portfolio in listed property and a smaller component in direct property or cash.

Liquidity indicators add a further view. There are 32,843,934 units on issue, and average daily trading volume is 49,434 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 33,400 to 90,900 units, with 90,921 recorded on 13 October while the market was still open. The bid-offer range stood at $82.85 to $82.92, and the day range at $82.41 to $84.00. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

Vanguard lodged Outstanding Securities for September 2026 on 7 October, a Distribution Tax Estimate on 5 October, a DRP notice and Final Distributions on 2 October, and an Updated Estimated Distribution on 1 October.

Final Takeaway

VAP is a single-sector fund in which one company, Goodman Group, accounts for more than a third of assets. The 0.22% fee and 17.33 standard deviation sit alongside distributions that have varied widely between quarters. These facts describe the portfolio and do not suggest an outlook.