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VIPSX Vanguard Inflation-Protected Secs Inv

  • Fund
  • VIPSX
  • Price as of: Dec 07, 2016
  • $13.48
  • + $0.02
  • + 0.15%
  • Category
  • Inflation-Protected Bonds

VIPSX - Profile

Vitals

  • YTD Return 5.0%
  • 3 Yr Annualized Return 0.8%
  • 5 Yr Annualized Return -1.2%
  • Net Assets $25.3 B
  • Holdings in Top 10 43.5%

52 WEEK LOW AND HIGH

$13.48
$12.80
$13.82

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.20%

SALES FEES

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

BROKERAGE FEES

  • Turnover 43.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$3,000

IRA

$3,000

Investment Themes

CATEGORY

Inflation-Protected Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Inflation-Protected Bond

Distributions

  • YTD Total Return 5.0%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.72%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Vanguard Inflation-Protected Securities Fund
  • Fund Family Name Vanguard
  • Inception Date Jun 29, 2000
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Gemma Wright-Casparius

Fund Description

The Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) is a specialized active fund that seeks to provide inflation protection for investors. VIPSX does this by investing solely in Treasury Inflation-Protected Securities (TIPS). These fixed-income instruments provide coupons that are adjusted for inflation rates. VIPSX may also invest up to 20% of its assets in standard Treasury and corporate bonds.

While it is technically a fixed-income fund, TIPs are quite different from regular bonds. As such, the fund is a low-cost complement for investors with other fixed-income/equity positions. The fund is internally managed by Vanguard.

VIPSX - Performance

Return Ranking - Trailing

Period VIPSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.0% -1.6% 17.8% 11.94% 1
1 Yr 3.5% -4.7% 14.9% 41.50% 3
3 Yr 0.8% * -3.0% 5.7% 50.83% 3
5 Yr -1.2% * -0.8% 8.8% 89.16% 5
10 Yr 1.1% * 0.0% 7.4% 80.49% 4

* Annualized


Return Ranking - Calendar

Period VIPSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -2.6% -19.2% 0.0% 32.14% 3
2014 1.5% -8.8% 20.3% 14.05% 1
2013 -10.7% -27.3% 2.4% 48.07% 4
2012 3.0% -13.7% 10.0% 42.42% 3
2011 8.5% -8.6% 10.9% 20.26% 1

Total Return Ranking - Trailing

Period VIPSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.0% -1.6% 17.8% 18.41% 1
1 Yr 4.3% -8.4% 14.3% 19.00% 1
3 Yr 2.2% * -4.0% 5.8% 4.97% 1
5 Yr 0.9% * -1.2% 8.8% 18.07% 1
10 Yr 4.8% * 0.0% 7.4% 3.25% 1

* Annualized


Total Return Ranking - Calendar

Period VIPSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.8% -12.9% 0.1% 29.59% 2
2014 4.0% -8.8% 26.1% 4.86% 1
2013 -9.3% -27.7% 21.9% 49.72% 3
2012 7.4% 0.0% 31.4% 16.36% 1
2011 15.1% -0.4% 31.6% 13.73% 1

NAV & Total Return History

VIPSX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

VIPSX Category Low Category High VIPSX % Rank Quintile
Net Assets 25.3 B 1.26 M 25.3 B 0.50% 1
Number of Holdings 38 3 1165 18.59% 4
Net Assets in Top 10 11 B 1.28 M 13.9 B 1.01% 1
Weighting of Top 10 43.5% 7.4% 338.9% 25.63% 5

Top 10 Holdings

  1. US Treasury Note 5.58%
  2. US Treasury Note 5.46%
  3. US Treasury Note 4.74%
  4. US Treasury Note 4.17%
  5. US Treasury Note 4.00%
  6. US Treasury Note 3.95%
  7. US Treasury TIP 3.91%
  8. US Treasury Note 3.90%
  9. US Treasury Note 3.89%
  10. US Treasury Note 3.88%

Asset Allocation

Weighting Category Low Category High VIPSX % Rank Quintile
Bonds
99.77% 0.00% 160.81% 9.45% 2
Cash
0.23% -60.81% 35.03% 19.60% 4
Other
0.00% -10.81% 13.79% 13.07% 5
Convertible Bonds
0.00% 0.00% 12.37% 3.02% 5
Preferred Stocks
0.00% 0.00% 2.40% 4.02% 5
Stocks
0.00% 0.00% 16.14% 4.98% 5

Bond Sector Breakdown

Weighting Category Low Category High VIPSX % Rank Quintile
Government
99.77% -0.39% 107.94% 5.53% 1
Cash & Equivalents
0.23% -84.42% 35.03% 20.60% 4
Securitized
0.00% 0.00% 51.05% 17.09% 5
Corporate
0.00% 0.00% 76.36% 18.09% 5
Municipal
0.00% 0.00% 102.90% 6.53% 5
Derivative
0.00% -21.70% 0.21% 3.02% 5

Bond Geographic Breakdown

Weighting Category Low Category High VIPSX % Rank Quintile
US
99.77% 58.15% 158.90% 8.04% 2
Non US
0.00% 0.00% 18.48% 19.60% 5

VIPSX - Expenses

Operational Fees

VIPSX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.20% 0.04% 17.48% 58.21% 1
Management Fee 0.17% 0.04% 0.70% 14.93% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.01% 0.35% N/A N/A

Sales Fees

VIPSX Fees (% of AUM) Category Low Category High VIPSX Rank Quintile
Front Load N/A 2.25% 4.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

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

VIPSX Fees (% of AUM) Category Low Category High VIPSX Rank Quintile
Turnover 43.00% 1.00% 531.00% 16.58% 2

VIPSX - Distributions

Dividend Yield Analysis

VIPSX Category Low Category High VIPSX % Rank Quintile
Dividend Yield 0.4% 0.00% 0.93% 6.70% 1

Dividend Distribution Analysis

VIPSX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

VIPSX Category Low Category High VIPSX % Rank Quintile
Net Income Ratio 0.72% -2.77% 5.45% 32.84% 3

Capital Gain Distribution Analysis

VIPSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

VIPSX - Managers

Gemma Wright-Casparius

Manager

Start Date

Aug 19, 2011

Tenure

5.21

Tenure Rank

11.2%

Gemma Wright-Casparius, Principal of Vanguard. She has worked in investment management since 1980; has managed investment portfolios since 2008; and has co-managed the Fund since joining Vanguard in 2011. Education: B.B.A. and M.B.A., Bernard M. Baruch College of The City University of New York.


Tenure Analysis

Category Low

0.0

Category High

20.5

Category Average

5.66

Category Mode

1.9