Morningstar

Vanguard GNMA Fund Investor Shares VFIIX

Morningstar Medalist Rating
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Medalist Rating as of See Vanguard Investment Hub
  • NAV / 1-Day Return $9.13  /  +0.22 %
  • Fund Size $10.3B
  • Adjusted Expense Ratio 0.210%
  • Net Expense Ratio 0.210%
  • Fee Level: Distribution Low
  • Share Class Type No Load
  • Morningstar Category Government Mortgage-Backed Bond
  • Fixed-Income Style Box (Funds) High/Moderate
  • Minimum Initial Investment $3,000
  • Investment Status Open
  • TTM Yield 3.89%
  • Average Effective Duration 7.09 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis VFIIX

Will VFIIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    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.

  • People Pillar

    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.

  • Parent Pillar

    The Parent Pillar is our rating of VFIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Straightforward GNMA exposure at a good price.

Analyst Ken Noguchi

Ken Noguchi

Analyst

Summary

Vanguard GNMA manager’s seasoned mortgage expertise and subadvisor Wellington’s strong analytical support make this team well suited to the strategy’s narrow GNMA mandate.

by Ken Noguchi
Rated on Published on

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Portfolio Holdings VFIIX

More VFIIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Government National Mortgage Association 5.5%

9.86 1B
Securitized

Government National Mortgage Association

6.86 758M
Securitized

Government National Mortgage Association

6.26 692M
Securitized

Us Dollar

3.83 423M
Cash and Equivalents

Government National Mortgage Association

3.43 379M
Securitized

Government National Mortgage Association

2.74 303M
Securitized

Government National Mortgage Association

2.60 287M
Securitized

Government National Mortgage Association

2.15 238M
Securitized

Government National Mortgage Association

2.02 223M
Securitized

Government National Mortgage Association

1.99 220M
Securitized

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