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VFIIX Vanguard GNMA Inv

  • Fund
  • VFIIX
  • Price as of: Dec 09, 2016
  • $10.62
  • - $0.02
  • - 0.19%
  • Category
  • Government Bonds

VFIIX - Profile

Vitals

  • YTD Return -0.4%
  • 3 Yr Annualized Return 3.0%
  • 5 Yr Annualized Return 2.1%
  • Net Assets $26.3 B
  • Holdings in Top 10 49.0%

52 WEEK LOW AND HIGH

$10.62
$10.60
$10.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.21%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 706.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$3,000

IRA

$3,000

Investment Themes

CATEGORY

Government Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Government

Distributions

  • YTD Total Return -0.3%
  • 3 Yr Annualized Total Return 3.0%
  • 5 Yr Annualized Total Return 2.1%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 2.33%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Vanguard GNMA Fund
  • Fund Family Name Vanguard
  • Inception Date Jun 27, 1980
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Michael F. Garrett

Fund Description

The Vanguard GNMA Fund Investor Shares (VFIIX) is an actively managed fund specializing in fixed income. VFIIX focuses its portfolio on Ginnie Mae bonds, pass-through securities and repurchase agreements for Ginnie Mae bonds. Ginnie Mae bonds are U.S. 100%-backed government mortgage bonds issued through various housing authorities and agencies in the United States. The fund uses fundamental credit analysis to outperform its benchmark.

With its low costs and relatively low risk and high yield, VFIIX is a great subcore position in a broad fixed-income portfolio. The fund is internally managed by Vanguard’s Fixed Income Group.

VFIIX - Performance

Return Ranking - Trailing

Period VFIIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.4% -10.6% 4.6% 23.17% 2
1 Yr 1.8% -5.9% 56.6% 9.70% 1
3 Yr 3.0% * -2.8% 11.4% 6.63% 1
5 Yr 2.1% * -2.8% 4.0% 14.83% 1
10 Yr 4.4% * 0.1% 8.7% 12.46% 1

* Annualized


Return Ranking - Calendar

Period VFIIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.5% -46.1% 0.2% 33.06% 3
2014 3.8% -8.3% 41.3% 8.12% 1
2013 -4.5% -26.8% 3.1% 36.92% 3
2012 -1.4% -24.0% 9.1% 47.73% 4
2011 3.1% -5.9% 56.0% 22.43% 2

Total Return Ranking - Trailing

Period VFIIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.3% -10.6% 5.1% 37.97% 3
1 Yr 1.8% -8.4% 14.8% 7.25% 1
3 Yr 3.0% * -3.0% 11.4% 6.63% 1
5 Yr 2.1% * -2.8% 4.0% 14.53% 1
10 Yr 4.4% * 0.1% 8.7% 11.50% 1

* Annualized


Total Return Ranking - Calendar

Period VFIIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.0% -7.8% 4.0% 41.35% 3
2014 4.0% -8.8% 51.5% 26.84% 2
2013 -4.4% -26.7% 3.2% 51.46% 4
2012 -0.4% -2.0% 16.7% 61.70% 5
2011 4.4% -6.0% 101.6% 36.68% 3

NAV & Total Return History

VFIIX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

VFIIX Category Low Category High VFIIX % Rank Quintile
Net Assets 26.3 B 1.18 M 27.1 B 0.25% 1
Number of Holdings 18548 7 18548 0.25% 1
Net Assets in Top 10 9.61 B -28.1 M 9.61 B 0.25% 1
Weighting of Top 10 49.0% 0.0% 2031.0% 18.27% 3

Top 10 Holdings

  1. Govt Natl Mtg Asso 3% 9.40%
  2. Freddie Mac Gold Single Family TBA 4% 2046-10-01 7.86%
  3. Govt Natl Mtg Asso 3.5% 7.12%
  4. Cmt Market Liquidity Rate 4.58%
  5. GNMA 4% 4.16%
  6. GNMA 3.5% 3.84%
  7. GNMA 3% 3.41%
  8. GNMA 3.5% 3.22%
  9. GNMA 3.5% 2.76%
  10. Fed Natl Mort Assc 2.5% 2.60%

Asset Allocation

Weighting Category Low Category High VFIIX % Rank Quintile
Bonds
92.86% 0.00% 2072.50% 26.17% 4
Stocks
4.58% -0.01% 15.23% 0.49% 1
Cash
1.42% -1972.50% 100.00% 21.23% 3
Other
1.14% -0.88% 9.45% 1.23% 1
Convertible Bonds
0.00% 0.00% 0.16% 0.49% 5
Preferred Stocks
0.00% 0.00% 0.64% 1.23% 5

Stock Sector Breakdown

Weighting Category Low Category High VFIIX % Rank Quintile
Utilities
0.00% 0.00% 2.90% N/A N/A
Technology
0.00% 0.00% 2.03% N/A N/A
Real Estate
0.00% 0.00% 0.00% N/A N/A
Industrials
0.00% 0.00% 0.00% N/A N/A
Healthcare
0.00% 0.00% 3.57% N/A N/A
Financial Services
0.00% 0.00% 0.17% N/A N/A
Energy
0.00% 0.00% 1.20% N/A N/A
Communication Services
0.00% 0.00% 2.83% N/A N/A
Consumer Defense
0.00% 0.00% 2.71% N/A N/A
Consumer Cyclical
0.00% 0.00% 0.00% N/A N/A
Basic Materials
0.00% 0.00% 0.00% N/A N/A

Stock Geographic Breakdown

Weighting Category Low Category High VFIIX % Rank Quintile
US
4.58% -0.01% 13.81% 0.49% 1
Non US
0.00% 0.00% 1.42% 0.99% 5

Bond Sector Breakdown

Weighting Category Low Category High VFIIX % Rank Quintile
Securitized
85.10% 0.00% 143.45% 7.65% 2
Corporate
8.30% 0.00% 76.92% 3.95% 1
Cash & Equivalents
1.42% -1972.50% 100.00% 21.73% 3
Derivative
0.00% -33.10% 25.50% 1.23% 5
Municipal
0.00% 0.00% 18.73% 5.43% 5
Government
-0.53% -30.64% 2032.65% 34.32% 5

Bond Geographic Breakdown

Weighting Category Low Category High VFIIX % Rank Quintile
US
92.86% 0.00% 1865.54% 23.95% 4
Non US
0.00% 0.00% 206.96% 13.33% 5

VFIIX - Expenses

Operational Fees

VFIIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.21% 0.04% 8.57% 40.25% 1
Management Fee 0.18% 0.00% 1.50% 10.62% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.40% N/A N/A

Sales Fees

VFIIX Fees (% of AUM) Category Low Category High VFIIX Rank Quintile
Front Load N/A 0.40% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

VFIIX Fees (% of AUM) Category Low Category High VFIIX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

VFIIX Fees (% of AUM) Category Low Category High VFIIX Rank Quintile
Turnover 706.00% 0.00% 1609.00% 3.72% 5

VFIIX - Distributions

Dividend Yield Analysis

VFIIX Category Low Category High VFIIX % Rank Quintile
Dividend Yield 0.3% 0.00% 3.47% 12.44% 1

Dividend Distribution Analysis

VFIIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

VFIIX Category Low Category High VFIIX % Rank Quintile
Net Income Ratio 2.33% -3.48% 3.23% 9.63% 1

Capital Gain Distribution Analysis

VFIIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Semi-Annually Annually

VFIIX - Managers

Michael F. Garrett

Manager

Start Date

Dec 31, 2006

Tenure

9.92

Tenure Rank

5.3%

Michael F. Garrett, Senior Vice President, Partner, and Fixed Income Portfolio Manager, is the Portfolio Manger for the Hartford U.S. Government Securities HLS Fund and the Hartford Quality Bond Fund. Michael is a fixed income portfolio manager responsible for managing mortgage and government bond portfolios for Wellington Management's mutual fund, institutional, and government clients. He is a member of the firm's Mortgage, Short Bond, and Structured Finance Strategy Groups. Prior to joining Wellington Management in 1999, Michael was a fixed income securities trader with Credit Suisse First Boston (1996 — 1999), a mortgage portfolio manager with MetLife Investment Management Co. (1995 — 1996), and the senior securities trader for First Federal Savings & Loan Association (1991 — 1995). Michael received his BA in economics from Yale University (1991).


Tenure Analysis

Category Low

0.0

Category High

30.9

Category Average

6.47

Category Mode

1.9