Rating
Sector Rating
Recommendation *
Avoid
Neutral
Fair
Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
Vanguard Mortgage-Backed Secs ETF
- VMBS
- Price as of: Nov 24, 2020
-
$54.12
N/A N/A
- Primary Theme
- Intermediate-Term U.S. Treasury Bond
- Fund Company
- Vanguard
VMBS - Snapshot
Vitals
- YTD Return 1.8%
- 3 Yr Annualized Return 3.5%
- 5 Yr Annualized Return 2.8%
- Net Assets $13.4 B
- Holdings in Top 10 31.4%
52 WEEK LOW AND HIGH
$54.12
$51.40
$54.66
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.05%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 218.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) N/A
- IRA N/A
Fund Classification
-
Primary Theme
Intermediate-Term U.S. Treasury Bond
- Fund Type Exchange Traded Fund
- Investment Style Intermediate Government
VMBS - Profile
Distributions
- YTD Total Return 1.8%
- 3 Yr Annualized Total Return 3.5%
- 5 Yr Annualized Total Return 2.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.22%
- Dividend Yield 1.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVanguard Mortgage-Backed Securities Index Fund
-
Fund Family NameVanguard
-
Inception DateNov 19, 2009
-
Shares Outstanding219580318
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJoshua Barrickman
Fund Description
The fund employs an indexing investment approach designed to track the performance of the Bloomberg Barclays U.S. MBS Float Adjusted Index. This index covers U.S. agency mortgage-backed pass-through securities. To be included in the index, pool aggregates must have at least $250 million currently outstanding and a weighted average maturity of at least 1 year. All of the fund's investments will be selected through the sampling process, and under normal circumstances, at least 80% of the fund's assets will be invested in bonds included in the index.
VMBS - Performance
Return Ranking - Trailing
| Period | VMBS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.8% | -0.8% | 8.6% | 74.04% |
| 1 Yr | 3.7% | 1.1% | 9.0% | 71.97% |
| 3 Yr | 3.5%* | 1.9% | 5.6% | 56.54% |
| 5 Yr | 2.8%* | 1.2% | 4.0% | 43.40% |
| 10 Yr | 2.8%* | 0.6% | 5.1% | 29.11% |
* Annualized
Return Ranking - Calendar
| Period | VMBS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 3.3% | -48.1% | 7.1% | 56.03% |
| 2018 | -1.8% | -5.4% | 0.2% | 47.27% |
| 2017 | 0.3% | -2.4% | 0.9% | 12.87% |
| 2016 | -0.8% | -9.3% | 1.4% | 30.05% |
| 2015 | -0.5% | -4.5% | 3.3% | 5.98% |
Total Return Ranking - Trailing
| Period | VMBS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.8% | -0.8% | 8.6% | 74.04% |
| 1 Yr | 3.7% | -2.5% | 9.0% | 58.16% |
| 3 Yr | 3.5%* | 1.1% | 5.6% | 48.10% |
| 5 Yr | 2.8%* | 0.8% | 4.0% | 38.30% |
| 10 Yr | 2.8%* | 0.6% | 5.1% | 27.70% |
* Annualized
Total Return Ranking - Calendar
| Period | VMBS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 3.3% | 0.3% | 7.1% | 59.48% |
| 2018 | -1.8% | -3.4% | 2.0% | 60.91% |
| 2017 | 0.3% | -2.4% | 4.6% | 32.67% |
| 2016 | -0.8% | -9.3% | 1.5% | 57.51% |
| 2015 | -0.5% | -4.5% | 3.3% | 32.07% |
VMBS - Holdings
Concentration Analysis
| VMBS | Category Low | Category High | VMBS % Rank | |
|---|---|---|---|---|
| Net Assets | 13.4 B | 15.7 M | 27 B | 9.54% |
| Number of Holdings | 3481 | 10 | 15289 | 1.66% |
| Net Assets in Top 10 | 1.56 B | 3.11 M | 10.5 B | 25.31% |
| Weighting of Top 10 | 31.36% | 9.3% | 100.0% | 67.40% |
Top 10 Holdings
- Vanguard Market Liquidity Inv 12.37%
- Vanguard Market Liquidity Inv 12.37%
- Vanguard Market Liquidity Inv 12.37%
- Vanguard Market Liquidity Inv 12.37%
- Vanguard Market Liquidity Inv 12.37%
- Vanguard Market Liquidity Inv 12.37%
- Vanguard Market Liquidity Inv 12.37%
- Vanguard Market Liquidity Inv 12.37%
- Vanguard Market Liquidity Inv 12.37%
- Vanguard Market Liquidity Inv 12.37%
Asset Allocation
| Weighting | Return Low | Return High | VMBS % Rank | |
|---|---|---|---|---|
| Bonds | 100.04% | 52.55% | 134.60% | 13.69% |
| Stocks | 0.00% | 0.00% | 11.87% | 38.17% |
| Preferred Stocks | 0.00% | 0.00% | 0.46% | 39.00% |
| Other | 0.00% | -0.86% | 21.32% | 41.08% |
| Convertible Bonds | 0.00% | 0.00% | 23.24% | 39.00% |
| Cash | -0.04% | -36.00% | 34.17% | 85.89% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | VMBS % Rank | |
|---|---|---|---|---|
| Securitized | 100.00% | 0.00% | 100.00% | 0.83% |
| Derivative | 0.00% | 0.00% | 8.89% | 43.98% |
| Cash & Equivalents | 0.00% | 0.00% | 38.62% | 96.68% |
| Corporate | 0.00% | 0.00% | 22.68% | 52.70% |
| Municipal | 0.00% | 0.00% | 14.60% | 53.94% |
| Government | 0.00% | 0.00% | 100.00% | 91.70% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | VMBS % Rank | |
|---|---|---|---|---|
| US | 100.04% | 49.70% | 134.60% | 7.47% |
| Non US | 0.00% | 0.00% | 5.23% | 60.17% |
VMBS - Expenses
Operational Fees
| VMBS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.05% | 0.03% | 2.72% | 98.24% |
| Management Fee | 0.03% | 0.00% | 0.85% | 1.24% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| VMBS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 4.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| VMBS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
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.
| VMBS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 218.00% | 5.07% | 421.00% | 73.81% |
VMBS - Distributions
Dividend Yield Analysis
| VMBS | Category Low | Category High | VMBS % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.79% | 0.00% | 2.63% | 2.90% |
Dividend Distribution Analysis
| VMBS | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| VMBS | Category Low | Category High | VMBS % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.22% | 0.14% | 3.60% | 25.53% |
Capital Gain Distribution Analysis
| VMBS | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Sep 04, 2020 | $0.069 |
| Aug 06, 2020 | $0.075 |
| Jul 07, 2020 | $0.082 |
| Jun 04, 2020 | $0.095 |
| May 06, 2020 | $0.095 |
| Apr 06, 2020 | $0.126 |
| Mar 05, 2020 | $0.100 |
| Feb 06, 2020 | $0.107 |
| Dec 27, 2019 | $0.115 |
| Dec 05, 2019 | $0.102 |
| Nov 06, 2019 | $0.115 |
| Oct 04, 2019 | $0.112 |
| Sep 06, 2019 | $0.119 |
| Aug 06, 2019 | $0.133 |
| Jul 05, 2019 | $0.114 |
| Jun 06, 2019 | $0.136 |
| May 06, 2019 | $0.127 |
| Apr 04, 2019 | $0.149 |
| Mar 06, 2019 | $0.116 |
| Feb 06, 2019 | $0.133 |
| Dec 28, 2018 | $0.140 |
| Dec 06, 2018 | $0.123 |
| Nov 06, 2018 | $0.134 |
| Oct 04, 2018 | $0.120 |
| Sep 07, 2018 | $0.120 |
| Aug 06, 2018 | $0.119 |
| Jul 06, 2018 | $0.097 |
| Jun 06, 2018 | $0.121 |
| May 04, 2018 | $0.109 |
| Apr 05, 2018 | $0.126 |
| Mar 06, 2018 | $0.096 |
| Feb 06, 2018 | $0.097 |
| Dec 29, 2017 | $0.111 |
| Dec 06, 2017 | $0.096 |
| Nov 06, 2017 | $0.097 |
| Oct 05, 2017 | $0.096 |
| Sep 08, 2017 | $0.098 |
| Aug 07, 2017 | $0.096 |
| Jul 10, 2017 | $0.095 |
| Jun 07, 2017 | $0.095 |
| May 05, 2017 | $0.095 |
| Apr 07, 2017 | $0.092 |
| Mar 07, 2017 | $0.091 |
| Feb 07, 2017 | $0.072 |
| Dec 29, 2016 | $0.085 |
| Dec 07, 2016 | $0.070 |
| Nov 07, 2016 | $0.066 |
| Oct 07, 2016 | $0.068 |
| Sep 08, 2016 | $0.079 |
| Aug 05, 2016 | $0.075 |
| Jul 08, 2016 | $0.080 |
| Jun 07, 2016 | $0.081 |
| May 06, 2016 | $0.078 |
| Apr 07, 2016 | $0.091 |
| Mar 07, 2016 | $0.091 |
| Feb 05, 2016 | $0.073 |
| Dec 30, 2015 | $0.104 |
| Dec 07, 2015 | $0.072 |
| Nov 06, 2015 | $0.072 |
| Oct 07, 2015 | $0.074 |
| Sep 08, 2015 | $0.064 |
| Aug 07, 2015 | $0.062 |
| Jul 08, 2015 | $0.059 |
| Jun 05, 2015 | $0.058 |
| May 07, 2015 | $0.049 |
| Apr 08, 2015 | $0.069 |
| Mar 31, 2015 | $0.066 |
| Mar 06, 2015 | $0.070 |
| Feb 06, 2015 | $0.061 |
| Dec 30, 2014 | $0.065 |
| Dec 05, 2014 | $0.057 |
| Nov 07, 2014 | $0.070 |
| Oct 07, 2014 | $0.060 |
| Sep 08, 2014 | $0.061 |
| Aug 07, 2014 | $0.068 |
| Jul 08, 2014 | $0.071 |
| Jun 06, 2014 | $0.076 |
| May 07, 2014 | $0.076 |
| Apr 07, 2014 | $0.083 |
| Mar 07, 2014 | $0.083 |
| Feb 07, 2014 | $0.076 |
| Dec 31, 2013 | $0.086 |
| Dec 05, 2013 | $0.073 |
| Nov 06, 2013 | $0.073 |
| Oct 04, 2013 | $0.063 |
| Sep 06, 2013 | $0.046 |
| Aug 06, 2013 | $0.036 |
| Jul 05, 2013 | $0.023 |
| Jun 06, 2013 | $0.023 |
| May 06, 2013 | $0.025 |
| Apr 04, 2013 | $0.022 |
| Mar 06, 2013 | $0.018 |
| Feb 06, 2013 | $0.017 |
| Dec 31, 2012 | $0.022 |
| Dec 06, 2012 | $0.006 |
| Nov 08, 2012 | $0.025 |
| Oct 04, 2012 | $0.031 |
| Sep 07, 2012 | $0.041 |
| Aug 06, 2012 | $0.051 |
| Jul 06, 2012 | $0.064 |
| Jun 06, 2012 | $0.058 |
| May 04, 2012 | $0.073 |
| Apr 05, 2012 | $0.069 |
| Mar 06, 2012 | $0.078 |
| Feb 06, 2012 | $0.073 |
| Dec 30, 2011 | $0.065 |
| Dec 06, 2011 | $0.084 |
| Nov 04, 2011 | $0.106 |
| Oct 06, 2011 | $0.106 |
| Sep 07, 2011 | $0.117 |
| Aug 04, 2011 | $0.101 |
| Jul 07, 2011 | $0.096 |
| Jun 06, 2011 | $0.091 |
| May 05, 2011 | $0.080 |
| Apr 06, 2011 | $0.105 |
| Mar 04, 2011 | $0.085 |
| Feb 04, 2011 | $0.086 |
| Dec 31, 2010 | $0.086 |
| Dec 06, 2010 | $0.092 |
| Nov 04, 2010 | $0.136 |
| Oct 06, 2010 | $0.067 |
| Sep 07, 2010 | $0.096 |
| Aug 05, 2010 | $0.103 |
| Jul 07, 2010 | $0.094 |
| Jun 04, 2010 | $0.084 |
| May 06, 2010 | $0.075 |
| Apr 09, 2010 | $0.075 |
| Mar 04, 2010 | $0.112 |
| Feb 04, 2010 | $0.107 |
| Dec 31, 2009 | $0.098 |
VMBS - Fund Manager Analysis
Managers
Joshua Barrickman
Start Date
Tenure
Tenure Rank
Feb 22, 2013
7.69
7.7%
Joshua C. Barrickman, CFA, Principal of Vanguard and head of Vanguard’s Fixed Income Indexing Americas. He has been with Vanguard since 1998, has worked in investment management since 1999, has managed investment portfolios since 2005, and has co-managed the Fund since 2013. Education: B.S., Ohio Northern University; M.B.A., Lehigh University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.05 | 8.17 | 5.77 |