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VFIIX Vanguard GNMA Inv

  • Fund
  • VFIIX
  • Price as of: May 28, 2019
  • $10.40 + $0.01 + 0.10%
  • Category
  • Government Bonds

VFIIX - Profile

Vitals

  • YTD Return 1.5%
  • 3 Yr Annualized Return -1.2%
  • 5 Yr Annualized Return -0.6%
  • Net Assets $21.8 B
  • Holdings in Top 10 45.1%

52 WEEK LOW AND HIGH

$10.40
$10.00
$10.40

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.21%

SALES FEES

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

BROKERAGE FEES

  • Turnover 415.00%

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 1.5%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return -0.6%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 2.93%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 (%)
YTD 1.5% N/A N/A N/A
1 Yr 1.3% N/A N/A N/A
3 Yr -1.2%* N/A N/A N/A
5 Yr -0.6%* N/A N/A N/A
10 Yr -0.2%* N/A N/A N/A

* Annualized


Return Ranking - Calendar

Period VFIIX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.0% N/A N/A N/A
2017 -0.8% N/A N/A N/A
2016 -1.1% N/A N/A N/A
2015 -1.5% N/A N/A N/A
2014 3.8% N/A N/A N/A

Total Return Ranking - Trailing

Period VFIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% N/A N/A N/A
1 Yr 1.3% N/A N/A N/A
3 Yr -1.2%* N/A N/A N/A
5 Yr -0.6%* N/A N/A N/A
10 Yr -0.2%* N/A N/A N/A

* Annualized


Total Return Ranking - Calendar

Period VFIIX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.0% N/A N/A N/A
2017 -0.8% N/A N/A N/A
2016 -1.1% N/A N/A N/A
2015 -1.5% N/A N/A N/A
2014 3.8% N/A N/A N/A

NAV & Total Return History

VFIIX - Holdings

Concentration Analysis

VFIIX Category Low Category High VFIIX % Rank
Net Assets 21.8 B N/A N/A N/A
Number of Holdings 15908 N/A N/A N/A
Net Assets in Top 10 4.93 B N/A N/A N/A
Weighting of Top 10 45.10% N/A N/A N/A

Top 10 Holdings

  1. Government National Mortgage Association 3.5% 7.65%

  2. Government National Mortgage Association 3.5% 6.86%

  3. Federal Home Loan Mortgage Corporation 3.5% 6.28%

  4. Government National Mortgage Association 3.5% 4.34%

  5. Government National Mortgage Association 3.5% 4.16%

  6. Government National Mortgage Association 3% 4.05%

  7. Government National Mortgage Association 3% 3.69%

  8. Government National Mortgage Association 4% 2.93%

  9. Government National Mortgage Association 3.5% 2.90%

  10. Federal Home Loan Mortgage Corporation 3.5% 2.23%


Asset Allocation

Weighting Return Low Return High VFIIX % Rank
Bonds
95.65% N/A N/A N/A
Cash
4.35% N/A N/A N/A
Stocks
0.00% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Other
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High VFIIX % Rank
Securitized
95.02% N/A N/A N/A
Cash & Equivalents
4.35% N/A N/A N/A
Government
0.63% N/A N/A N/A
Derivative
0.00% N/A N/A N/A
Corporate
0.00% N/A N/A N/A
Municipal
0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High VFIIX % Rank
US
95.65% N/A N/A N/A
Non US
0.00% N/A N/A N/A

VFIIX - Expenses

Operational Fees

VFIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.21% N/A N/A N/A
Management Fee 0.18% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

VFIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

VFIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A 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 Return Low Category Return High Rank in Category (%)
Turnover 415.00% N/A N/A N/A

VFIIX - Distributions

Dividend Yield Analysis

VFIIX Category Low Category High VFIIX % Rank
Dividend Yield 0.02% N/A N/A N/A

Dividend Distribution Analysis

VFIIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly

Dividend Payout History


Net Income Ratio Analysis

VFIIX Category Low Category High VFIIX % Rank
Net Income Ratio 2.93% N/A N/A N/A

Capital Gain Distribution Analysis

VFIIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None

VFIIX - Managers

Michael F. Garrett

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2010

8.92

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).


Brian Conroy

Manager

Start Date

Tenure

Tenure Rank

May 29, 2019

0.01

0.0%

Brian Conroy, CFA, Vice President and Fixed Income Portfolio Manager of Wellington Management. Mr. Conroy joined Wellington Management as an investment professional in 2012. Prior to joining Wellington, Mr. Conroy earned his MBA from Harvard Business School in 2012. From 2005 to 2010, he worked at Susquehanna International Group, first as a fixed income trader and then as an equity index derivatives trader.


Joseph F. Marvan

Manager

Start Date

Tenure

Tenure Rank

May 29, 2019

0.01

0.0%

Joe is a fixed income portfolio manager and serves as chair of the US Broad Market Team. As chair, Joe is responsible for setting aggregate risk levels and investment strategy in Core Bond Plus, Core Bond, Intermediate Bond, and Long Bond portfolios. Prior to joining Wellington Management in 2003, Joe was a senior portfolio manager and head of US Fixed Income at State Street Global Advisors, working on a wide range of fixed income portfolios, including those concentrating on total return, mortgage-backed securities, non-dollar bonds, and investment grade credit (1996 – 2003). Prior to that, he worked at both The Boston Company and Shearson Lehman Brothers in Fixed Income Portfolio Management and Trading (1988 – 1996). Joe earned his MBA, magna cum laude, from Babson College (Olin, 2001) and his BS in finance from Ithaca College (1987). Additionally, Joe holds the Chartered Financial Analyst designation and is a member of the CFA Institute.


Tenure Analysis

Category Low

N/A

Category High

N/A

Category Average

N/A

Category Mode

N/A