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Vanguard GNMA Fund Investor Shares (VFIIX)
Nasdaq - Nasdaq Delayed Price. Currency in USD
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As of 8:06AM EDT. Market open.
10 reactions on $VFIIX conversation
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How are Vanguard's Ginnie-Mae (VFIJX/VFIIX) and Fidelity's Ginnie-Mae funds as safe income funds in rising treasury 1years environment?
As rates rise, yield increase but NAV of these Mortgage Based Securities reduce, causing loss of principle investment. These have lower duration as intermediate bonds compared to general 7-10 years.
Good to hold now or another fixed income to move to? Federal core funds give 0.01%.
I am baffled. 10 year Treasury yield ticked up a notch but VFIJX/VFIIX gained one cent while the Fidelity Ginnie-Mae stayed the same! This makes no sense! Something is awry, it seems, in how these closing prices are calculated. Nonetheless if one wants a Ginnie-Mae fund VFIJX/VFIIX is the way to go!
I dont understand how Vanguard's Ginnie-Mae (VFIJX/VFIIX) could be down $0.01 yesterday while Fidelity's Ginnie-Mae (FMGFX ?? not sure of the ticker) could be UP $0.01! I think there is a discrepancy in how Vanguard if calculating its closing price. Bond yield, 10 year Treasury, was DOWN a tad yesterday so bond prices should go up, a tad!
The Fidelity GNMA has an expense ratio of 0.45%; this is 4.09 times HIGHER than Vanguard's fee on VFIJX (50,000 minimum investment) and 2.14 times higher than what Vanguard charges on VFIIX (3,000 minimum investment). So, on the basis of management fees I guess one can say that Wellington and Vanguard are doing very good by the investor as contrasted with the Fidelity GNMA. I add, though these are not Ginnie-Mae Funds two other bond funds that deserve consideration are Dodge and Cox's DODIX (I believe three is around 60+ billion in this fund) and Doubleline's DBLTX (around 50-60 billion in this fund). I'd probably split a bond portfolio on basis of going with Vanguard's Total Bond Market Index Fund and then add Dodge&Cox's DODIX; probably split it 50/50!
There is no compelling reason to have this fund managed by outside advisors. The outside advisors should also be limited
from managing other gnma funds as that would allow the funds to trade between them and give the advisor the opportunity to preference one fund over the other . The size of this gnma fund is large enough impose this restriction.
Gnma funds are essentially passive managed funds and the only "professional input relates to managing duration.
This website just keeps getting worse and worse, just when you thought the ding bat running this outfit couldn't screw things up any worse, you log in the next day and yep it's worse.
I'm going to Google finance.
melissa mayer has presided over the ruination this website.
Her board of directors provided no leadership.
She was too busy having children to "run" a large company.
The website freezes,takes for ever to load,and goes into endless loops.
The yahoo mail runs slow , freezes up,,not my computer, not my service as other sites are trouble free
content has been deleted,,
she did not understand her customer
I do not like the new format for finance, the information that used to be available is not longer there
Where is the duration of this fund? It was displayed in the previous format. How does one make a comparison with a another fund in this new format? This really sucks. As with everything in America today, everything changes, but nothing improves. We need to make American great again.
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