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VFIIX Vanguard GNMA Inv

  • Fund
  • VFIIX
  • Price as of: Sep 18, 2017
  • $10.56
  • - $0.00
  • - 0.00%
  • Category
  • Government Bonds

VFIIX - Profile

Vitals

  • YTD Return 0.2%
  • 3 Yr Annualized Return 2.3%
  • 5 Yr Annualized Return 1.9%
  • Net Assets $25.1 B
  • Holdings in Top 10 39.2%

52 WEEK LOW AND HIGH

$10.56
$10.39
$10.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.21%

SALES FEES

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

BROKERAGE FEES

  • Turnover 926.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

$3,000

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 2.19%
DIVIDENDS
  • Dividend Yield 0.1%
  • 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 0.2% -10.6% 11.0% 36.34% 3
1 Yr 0.5% -14.6% 56.6% 30.85% 2
3 Yr 2.3% * -14.9% 4.1% 12.11% 1
5 Yr 1.9% * -11.8% 2.1% 10.98% 1
10 Yr 4.3% * -5.2% 7.7% 12.10% 1

* Annualized


Return Ranking - Calendar

Period VFIIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -1.1% -9.3% 3.1% 34.05% 3
2015 -1.5% -46.1% 4.2% 33.52% 3
2014 3.8% -8.3% 41.3% 8.19% 1
2013 -4.5% -26.8% 3.1% 37.90% 3
2012 -1.4% -24.0% 9.1% 49.09% 4

Total Return Ranking - Trailing

Period VFIIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.2% -10.6% 11.0% 36.27% 3
1 Yr 0.5% -14.2% 14.8% 22.00% 2
3 Yr 2.3% * -3.0% 7.4% 11.55% 1
5 Yr 1.9% * -3.1% 4.1% 10.12% 1
10 Yr 4.3% * -1.3% 12.8% 11.46% 1

* Annualized


Total Return Ranking - Calendar

Period VFIIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -1.1% -7.9% 3.8% 52.83% 4
2015 -1.0% -7.8% 5.6% 42.27% 3
2014 4.0% -8.8% 51.5% 26.55% 2
2013 -4.4% -26.7% 3.2% 51.91% 4
2012 -0.4% -2.0% 16.7% 62.50% 5

NAV & Total Return History

VFIIX - Holdings

Filings data as of: Jun 30, 2017

Concentration Analysis

VFIIX Category Low Category High VFIIX % Rank Quintile
Net Assets 25.1 B 1.2 M 25.1 B 0.25% 1
Number of Holdings 16681 6 16681 0.25% 1
Net Assets in Top 10 11.1 B -37.1 M 11.1 B 0.25% 1
Weighting of Top 10 39.2% 0.0% 281.8% 20.99% 3

Top 10 Holdings

  1. GNMA 3% 6.61%
  2. GNMA 3.5% 5.50%
  3. GNMA 3.5% 5.39%
  4. GNMA 3.5% 5.08%
  5. GNMA 3% 4.72%
  6. GNMA 3.5% 3.30%
  7. Govt Natl Mtg Asso 4% 2.57%
  8. GNMA 3.5% 2.20%
  9. GNMA 3.5% 1.93%
  10. Ginnie Mae Jumbos TBA 3% 2047-07-01 1.92%

Asset Allocation

Weighting Category Low Category High VFIIX % Rank Quintile
Bonds
96.35% 0.00% 159.28% 22.96% 4
Other
1.75% -1.13% 9.27% 2.72% 1
Stocks
1.15% -2.13% 15.23% 0.74% 1
Cash
0.75% -59.47% 100.00% 25.19% 3
Preferred Stocks
0.00% 0.00% 0.64% 0.99% 5
Convertible Bonds
0.00% 0.00% 0.03% 0.49% 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% 0.24% 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
1.15% -2.13% 13.81% 0.74% 1
Non US
0.00% 0.00% 1.42% 0.49% 5

Bond Sector Breakdown

Weighting Category Low Category High VFIIX % Rank Quintile
Securitized
96.31% 0.00% 158.98% 4.69% 1
Cash & Equivalents
0.75% -59.47% 100.00% 25.43% 4
Corporate
0.03% 0.00% 76.92% 15.06% 3
Derivative
0.00% -33.10% 2.19% 0.49% 5
Municipal
0.00% 0.00% 18.07% 5.93% 5
Government
0.00% -31.99% 104.66% 34.81% 5

Bond Geographic Breakdown

Weighting Category Low Category High VFIIX % Rank Quintile
US
96.35% -1.93% 159.28% 20.49% 3
Non US
0.00% 0.00% 86.83% 14.81% 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% 40.74% 1
Management Fee 0.18% 0.00% 0.95% 10.86% 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% 4.75% 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 926.00% 0.00% 1536.00% 2.73% 5

VFIIX - Distributions

Dividend Yield Analysis

VFIIX Category Low Category High VFIIX % Rank Quintile
Dividend Yield 0.1% 0.00% 3.47% 44.64% 5

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 2.19% -3.48% 3.82% 11.85% 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

Jun 30, 2010

Tenure

7.18

Tenure Rank

8.9%

Michael F. Garrett, Senior Managing Director and Fixed Income Portfolio Manager of Wellington Management. 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

31.7

Category Average

6.69

Category Mode

2.7