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    Vanguard GNMA Inv (VFIIX)

    10.78 Down 0.01(0.09%) May 24

    Profile as of Apr 29, 2016Get Profile for:
    Vanguard GNMA Inv
    Vanguard Fixed Income Securities FundsPO Box 2600 V26Valley Forge PA 19482
    Map
    Phone: 800-662-7447
    Fund Overview 
    Category:Intermediate Government
    Fund Family:Vanguard
    Net Assets:26.41B
    Year-to-Date Return:2.09%
    Yield:2.36%
    Morningstar Rating:4 stars
    Fund Inception Date:Jun 27, 1980
    Morningstar Style Box 
    Intermediate Government
    [View Category Definition]
    View Top Intermediate Government Funds
    About the Morningstar Style Box
    Management Information 
    Michael F. Garrett
    Lead Manager since Dec 31, 2006
    Michael F. Garrett, Senior Vice President, Partner, and Fixed Income Portfolio Manager, is the Portfolio Manger for the Hartford U.S. Government Securities HLS Fund and the Hartford Quality Bond Fund. 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).
    Investment Information 
    Min Initial Investment:3,000
    Min Initial Investment, IRA:N/A
    Min Initial Investment, AIP:N/A
    Min Subsequent Investment:1
    Min Subsequent Investment, IRA:N/A
    Min Subsequent Investment, AIP:N/A
    VFIIX can be purchased from 113 brokerages.

    Fund Summary 
    The investment seeks to provide a moderate level of current income. The fund invests at least 80% of its assets in Government National Mortgage Association (GNMA) pass-through certificates, which are fixed income securities representing part ownership in a pool of mortgage loans supported by the full faith and credit of the U.S. government. It may invest in other types of securities such as U.S. Treasury or other U.S. government agency securities. The fund's dollar-weighted average maturity will normally fall within an intermediate-term range (3 to 10 years).

    Fund Operations 
    Last Dividend : 0.00
    Last Cap Gain (Mar 15, 2016) : 0.00
    Annual Holdings Turnover (May 19, 2016) : 706.00%
    Average for Category:246.94%
    Fees & Expenses 
    ExpenseVFIIXCategory Avg
    Annual Report Expense Ratio (net):0.21%0.92%
    Prospectus Net Expense Ratio:0.21%N/A
    Prospectus Gross Expense Ratio:0.21%N/A
    Max 12b1 Fee:N/AN/A
    Max Front End Sales Load:N/A3.72%
    Max Deferred Sales Load: N/A2.42%
    3 Yr Expense Projection*:68398
    5 Yr Expense Projection*:118617
    10 Yr Expense Projection*:2681,238
    * Per $10,000 invested