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VAIPX Vanguard Inflation-Protected Secs Adm

  • Fund
  • VAIPX
  • Price as of: May 28, 2019
  • $25.49 + $0.05 + 0.20%
  • Category
  • Inflation-Protected Bonds

VAIPX - Profile

Vitals

  • YTD Return 4.1%
  • 3 Yr Annualized Return -1.0%
  • 5 Yr Annualized Return -1.1%
  • Net Assets $27.3 B
  • Holdings in Top 10 36.8%

52 WEEK LOW AND HIGH

$25.49
$24.38
$25.49

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.10%

SALES FEES

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

BROKERAGE FEES

  • Turnover 27.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$50,000

IRA

N/A

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 4.1%
  • 3 Yr Annualized Total Return -1.0%
  • 5 Yr Annualized Total Return -1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.06%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Vanguard Inflation-Protected Securities Fund
  • Fund Family Name Vanguard
  • Inception Date Jun 10, 2005
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Gemma Wright-Casparius

Fund Description

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

While VAIPX is technically a fixed-income fund, there are some key differences between TIPs and regular bonds. As such, the fund is a low-cost complement option for investors with other fixed income or equity positions. The fund is internally managed by Vanguard.

VAIPX - Performance

Return Ranking - Trailing

Period VAIPX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% 0.4% 12.1% 61.59%
1 Yr 0.5% -4.8% 4.1% 75.17%
3 Yr -1.0%* -1.7% 1.2% 85.91%
5 Yr -1.1%* -5.0% 0.8% 85.81%
10 Yr 0.7%* -1.5% 2.1% 47.13%

* Annualized


Return Ranking - Calendar

Period VAIPX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.4% -11.1% -1.8% 45.64%
2017 0.5% -2.8% 6.2% 60.40%
2016 1.1% -0.2% 12.1% 89.93%
2015 -2.6% -19.2% -0.1% 36.24%
2014 1.6% -8.8% 20.3% 13.57%

Total Return Ranking - Trailing

Period VAIPX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% 0.4% 12.1% 61.59%
1 Yr 0.5% -4.8% 4.9% 85.23%
3 Yr -1.0%* -1.1% 3.9% 93.96%
5 Yr -1.1%* -4.2% 2.2% 93.92%
10 Yr 0.7%* -1.5% 8.4% 93.10%

* Annualized


Total Return Ranking - Calendar

Period VAIPX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.4% -10.1% 0.4% 62.42%
2017 0.5% -2.5% 9.6% 77.85%
2016 1.1% -0.2% 19.0% 89.93%
2015 -2.6% -12.6% 0.0% 49.66%
2014 1.6% -8.8% 24.6% 30.71%

NAV & Total Return History

VAIPX - Holdings

Concentration Analysis

VAIPX Category Low Category High VAIPX % Rank
Net Assets 27.3 B 26.3 M 29.1 B 2.68%
Number of Holdings 42 6 1442 81.21%
Net Assets in Top 10 10 B 12.6 M 22.7 B 2.68%
Weighting of Top 10 36.78% 5.7% 176.6% 82.55%

Top 10 Holdings

  1. United States Treasury Notes 0.12% 3.81%

  2. United States Treasury Notes 0.25% 3.73%

  3. United States Treasury Notes 0.12% 3.72%

  4. United States Treasury Notes 0.12% 3.70%

  5. United States Treasury Notes 0.62% 3.70%

  6. United States Treasury Notes 0.38% 3.67%

  7. United States Treasury Notes 0.12% 3.64%

  8. United States Treasury Notes 0.62% 3.61%

  9. United States Treasury Notes 0.38% 3.61%

  10. United States Treasury Notes 0.12% 3.60%


Asset Allocation

Weighting Return Low Return High VAIPX % Rank
Bonds
99.98% 14.26% 122.23% 15.44%
Cash
0.02% -22.82% 85.74% 75.84%
Stocks
0.00% -0.02% 19.01% 24.83%
Preferred Stocks
0.00% 0.00% 2.01% 28.86%
Other
0.00% -0.07% 14.33% 32.89%
Convertible Bonds
0.00% 0.00% 5.93% 40.94%

Bond Sector Breakdown

Weighting Return Low Return High VAIPX % Rank
Government
99.98% 0.00% 107.70% 4.70%
Cash & Equivalents
0.02% -23.45% 85.67% 67.79%
Derivative
0.00% -82.89% 2.56% 28.86%
Securitized
0.00% 0.00% 51.50% 74.50%
Corporate
0.00% 0.00% 65.69% 78.52%
Municipal
0.00% 0.00% 99.33% 32.21%

Bond Geographic Breakdown

Weighting Return Low Return High VAIPX % Rank
US
99.98% 12.00% 111.76% 7.38%
Non US
0.00% -10.03% 31.28% 73.83%

VAIPX - Expenses

Operational Fees

VAIPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.10% 0.04% 2.63% 96.03%
Management Fee 0.09% 0.00% 0.69% 4.64%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

VAIPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

VAIPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 0.25% 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.

VAIPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 3.00% 519.00% 32.00%

VAIPX - Distributions

Dividend Yield Analysis

VAIPX Category Low Category High VAIPX % Rank
Dividend Yield 0.03% 0.00% 2.03% 23.84%

Dividend Distribution Analysis

VAIPX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Dividend Payout History


Net Income Ratio Analysis

VAIPX Category Low Category High VAIPX % Rank
Net Income Ratio 3.06% -0.25% 5.26% 6.62%

Capital Gain Distribution Analysis

VAIPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

VAIPX - Managers

Gemma Wright-Casparius

Manager

Start Date

Tenure

Tenure Rank

Aug 19, 2011

7.87

7.9%

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

1.41

Category High

9.43

Category Average

5.92

Category Mode

9.43