How are REITs in VTSAX?

[NewDay1]

I've been reading some MMM threads in this forum about VGSLX vs. VTSAX.  Many comment that VTSAX is a wiser investment with the lower expense (.04) and that it has REITs in it anyway.  I don't get that?  When I look under the hood of VTSAX on morningstar, I don't see any REITs listed in it.  Could someone help educate me on this?

Thanks so much.

[Andy R]

It looks like on their fund info page they lumped it in with financial at 19%
You can see it split up in their fund compare page with financials at 14.3% and real estate at 3.8%.

[MustacheAndaHalf]

Whoever suggested 100% VGSLX is probably rather out of touch with data on stock market history.  Most people who "tilt" to 20% real estate owe that idea thanks to David Swensen, who managed Yale's Endowment to remarkable performance numbers.  Besides that, I mostly hear no special allocation to real estate stocks - never 100%.

Morningstar data reinforces @Andy R 's point that VTSAX holds just under 4% in Real Estate:
http://portfolios.morningstar.com/fund/summary?t=VTSAX

[beee]

Here's a list of all 216 REITs in VTSAX:
https://stocked.honeymoney.io/?portfolio=VTI_100000&sectors=Diversified%20REITs,Hotel%20-%20Lodging%20REITs,Industrial%20-%20Office%20REITs,Mortgage%20REITs,Residential%20REITs,Retail%20REITs,Specialty%20REITs

[Enigma]

I like REIT only because I am in real-estate.  Because of that VGSLX is a part of my portfolio (~3.5%).  The monthly dividends are nice but I think VTSAX has performed better.  No worries...  Just the risk and reward that I am willing to take.

[Xlar]

Whoever suggested 100% VGSLX is probably rather out of touch with data on stock market history.  Most people who "tilt" to 20% real estate owe that idea thanks to David Swensen, who managed Yale's Endowment to remarkable performance numbers.  Besides that, I mostly hear no special allocation to real estate stocks - never 100%.

Morningstar data reinforces @Andy R 's point that VTSAX holds just under 4% in Real Estate:
http://portfolios.morningstar.com/fund/summary?t=VTSAX

I like REIT only because I am in real-estate.  Because of that VGSLX is a part of my portfolio (~3.5%).  The monthly dividends are nice but I think VTSAX has performed better.  No worries...  Just the risk and reward that I am willing to take.

From the link above VTSAX has ~4% REIT. Why do you hold a separate VGSLX at ~3.5%? Wouldn't you be better off holding just VTSAX to get your REIT exposure? Or do you have ~3.5% VGSLX on top of the 4% from VTSAX?

[Enigma]

From the link above VTSAX has ~4% REIT. Why do you hold a separate VGSLX at ~3.5%? Wouldn't you be better off holding just VTSAX to get your REIT exposure? Or do you have ~3.5% VGSLX on top of the 4% from VTSAX?

To be honest, the reason I hold VGSLX is because before reading about the Vanguard Total Stock & Total Bond I was drawn to ONLY REIT.  I once thought I would just live off the dividends of REIT funds.  The reason that it is still one of the three that I hold is it is nostalgic.

[Enigma]

Closer look at my Vanguard IRA:

VTSAX – $146.4k (T.Stocks)
VBTLX – $47.7k (T.Bonds)
VGSLX – $7.4k (REIT)

[Xlar]

From the link above VTSAX has ~4% REIT. Why do you hold a separate VGSLX at ~3.5%? Wouldn't you be better off holding just VTSAX to get your REIT exposure? Or do you have ~3.5% VGSLX on top of the 4% from VTSAX?

To be honest, the reason I hold VGSLX is because before reading about the Vanguard Total Stock & Total Bond I was drawn to ONLY REIT.  I once thought I would just live off the dividends of REIT funds.  The reason that it is still one of the three that I hold is it is nostalgic.

Ah ha, that makes sense :)