Though the lead manager helming Vanguard GNMA is still relatively unproven, he and his team apply a thoughtful and risk-aware approach to the agency mortgage market. Boosted by cheap fees, the strategy earns a Morningstar Analyst Rating of Silver on its Admiral share class and a Bronze on its pricier Investor class.
Will VFIIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VFIIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VFIIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of VFIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.