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Morningstar

Vanguard GNMA Adm VFIJX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 9.05  /  0.32 %
  • Total Assets 14.6 Bil
  • Adj. Expense Ratio
    0.110%
  • Expense Ratio 0.110%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 50,000
  • Status Open
  • TTM Yield 3.44%
  • Effective Duration 6.72 years

USD | NAV as of Dec 04, 2023 | 1-Day Return as of Dec 04, 2023, 11:15 PM GMT+0

Morningstar’s Analysis VFIJX

Will VFIJX outperform in 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 VFIJX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the VFIJX 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 VFIJX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Remains a top pick for GNMA exposure.

Senior Analyst Mike Mulach

Mike Mulach

Senior Analyst

Summary

Morningstar has qualitatively reviewed this strategy and reaffirmed its Average Process and Above Average People ratings. Since formally taking over here in mid-2020, Brian Conroy has navigated a variety of market environments well. But there were some supporting team changes in 2023, and it will take time for the team to adjust.

by Mike Mulach
Rated on Published on

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Portfolio Holdings VFIJX

More VFIJX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 12882
  • Other Holdings 14
  • % Assets in Top 10 Holdings 20.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Government National Mortgage Association

3.88
618,364,005
Securitized

Government National Mortgage Association

3.79
603,011,294
Securitized

Government National Mortgage Association

3.59
570,807,162
Securitized

Government National Mortgage Association

3.48
553,443,366
Securitized

Government National Mortgage Association

3.18
506,921,323
Securitized

Us Dollar

2.89
460,402,963
Cash and Equivalents

Government National Mortgage Association

2.51
399,365,577
Securitized

Government National Mortgage Association

2.42
385,970,854
Securitized

Government National Mortgage Association

2.01
320,134,272
Securitized

Government National Mortgage Association 4.5%

1.82
290,550,578
Securitized