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VIPSX Vanguard Inflation-Protected Secs Inv

  • Fund
  • VIPSX
  • Price as of: Aug 19, 2019
  • $13.40 - $0.05 - 0.37%
  • Category
  • Inflation-Protected Bonds

VIPSX - Profile

Vitals

  • YTD Return 7.5%
  • 3 Yr Annualized Return -0.7%
  • 5 Yr Annualized Return -0.3%
  • Net Assets $28 B
  • Holdings in Top 10 37.7%

52 WEEK LOW AND HIGH

$13.40
$12.42
$13.49

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.20%

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)

$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 7.5%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.96%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Quarterly

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 (%)
YTD 7.5% 1.3% 11.4% 29.37%
1 Yr 3.6% -3.4% 3.7% 34.75%
3 Yr -0.7%* -1.6% 1.0% 85.82%
5 Yr -0.3%* -4.9% 0.5% 62.86%
10 Yr 0.8%* -1.7% 1.9% 21.18%

* Annualized


Return Ranking - Calendar

Period VIPSX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.4% -11.1% -1.8% 41.84%
2017 0.5% -2.8% 6.2% 58.87%
2016 1.1% -0.2% 12.1% 90.78%
2015 -2.6% -19.2% -0.1% 37.59%
2014 1.5% -8.8% 20.3% 9.77%

Total Return Ranking - Trailing

Period VIPSX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.5% 1.3% 11.4% 29.37%
1 Yr 3.6% -3.4% 5.0% 51.77%
3 Yr -0.7%* -1.2% 3.5% 95.04%
5 Yr -0.3%* -4.2% 2.0% 82.86%
10 Yr 0.8%* -1.7% 8.3% 78.82%

* Annualized


Total Return Ranking - Calendar

Period VIPSX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.4% -10.1% 0.4% 59.57%
2017 0.5% -2.5% 9.6% 77.30%
2016 1.1% -0.2% 19.0% 90.78%
2015 -2.6% -12.6% 0.0% 49.65%
2014 1.5% -8.8% 24.6% 27.82%

NAV & Total Return History

VIPSX - Holdings

Concentration Analysis

VIPSX Category Low Category High VIPSX % Rank
Net Assets 28 B 26.5 M 30 B 4.26%
Number of Holdings 41 6 1428 85.82%
Net Assets in Top 10 10.6 B 12.6 M 22.8 B 4.26%
Weighting of Top 10 37.65% 6.0% 136.9% 85.11%

Top 10 Holdings

  1. United States Treasury Notes 0.62% 4.84%

  2. United States Treasury Notes 0.38% 3.90%

  3. United States Treasury Notes 0.12% 3.85%

  4. United States Treasury Notes 0.38% 3.76%

  5. United States Treasury Notes 0.25% 3.70%

  6. United States Treasury Notes 0.12% 3.67%

  7. United States Treasury Notes 0.62% 3.65%

  8. United States Treasury Notes 0.12% 3.57%

  9. United States Treasury Notes 0.12% 3.44%

  10. United States Treasury Notes 0.62% 3.28%


Asset Allocation

Weighting Return Low Return High VIPSX % Rank
Bonds
99.23% 5.86% 122.81% 43.97%
Cash
0.77% -22.80% 94.14% 50.35%
Stocks
0.00% -0.02% 20.04% 95.74%
Preferred Stocks
0.00% 0.00% 2.10% 100.00%
Other
0.00% -3.15% 24.16% 100.00%
Convertible Bonds
0.00% 0.00% 6.09% 100.00%

Bond Sector Breakdown

Weighting Return Low Return High VIPSX % Rank
Government
99.23% 0.00% 107.70% 17.73%
Cash & Equivalents
0.77% -23.43% 94.17% 46.81%
Derivative
0.00% -91.88% 7.83% 74.47%
Securitized
0.00% 0.00% 52.59% 100.00%
Corporate
0.00% 0.00% 62.48% 100.00%
Municipal
0.00% 0.00% 94.99% 100.00%

Bond Geographic Breakdown

Weighting Return Low Return High VIPSX % Rank
US
99.23% 6.29% 116.57% 15.60%
Non US
0.00% -20.60% 31.28% 90.07%

VIPSX - Expenses

Operational Fees

VIPSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.20% 0.04% 2.63% 92.31%
Management Fee 0.18% 0.00% 0.69% 9.09%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

VIPSX 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

VIPSX 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.

VIPSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 12.00% 519.00% 29.58%

VIPSX - Distributions

Dividend Yield Analysis

VIPSX Category Low Category High VIPSX % Rank
Dividend Yield 1.94% 0.00% 2.82% 27.27%

Dividend Distribution Analysis

VIPSX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Quarterly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

VIPSX Category Low Category High VIPSX % Rank
Net Income Ratio 2.96% -0.25% 5.26% 10.49%

Capital Gain Distribution Analysis

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

VIPSX - Managers

Gemma Wright-Casparius

Manager

Start Date

Tenure

Tenure Rank

Aug 19, 2011

7.95

8.0%

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

0.33

Category High

23.08

Category Average

6.74

Category Mode

8.18