| Price as of 03/27/2008 | $10.42 |
| Change | –$0.03 | –0.29% |
| Yield | 4.82% A |
| Average Duration* |
3.1 years |
| Expense ratio as of 01/31/2007 | 0.21% |
| Inception date | 06/27/1980 |
| Ticker symbol | VFIIX |
| Newspaper abbr | GNMA |
| Fund number | 0036 |
*Calculated according to Salomon Smith Barney™ Yieldbook.
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Vanguard® GNMA Fund seeks to provide a moderate level of current income.
Learn more about this fund's investment strategy and policy.
Admiral™ Shares available
Learn more about share classes
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| Type | Intermediate-Term Bond |
| Category | Intermediate Government |
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Knowing a fund's investment style can help you understand how it might fit in your portfolio. This information can also help you build a portfolio that's broadly diversified across markets and less susceptible to sharp swings in any one market area.
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Bond style
Vanguard uses a 9-box grid called a "style box" to illustrate how our bond fund holdings are distributed by credit quality and average maturity. Credit quality is a measure of a bond issuer's ability to pay interest and repay principal in a timely manner. Quality ranges from Treasury bonds or agency bonds (generally the highest quality issues), investment-grade corporate (medium to high quality), and below investment grade. Average maturity is the length of time until the bonds in the fund are due to be repaid. Maturities are classified as short-, intermediate-, or long-term.
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Avg. Weighted
Maturity |
| Short |
Med |
Long |
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Treasury/
Agency |
Quality |
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Inv.-Grade
Corp |
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Below
Inv.-Grade |
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The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited. See performance data current to the most recent month-end. Expense ratio information can be found on the Overview page.
| | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception
06/27/1980 |
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| GNMA Fund Investor Shares | 7.01% | 4.88% | 4.25% |
5.76% | 8.50% |
| Lehman GNMA Index* | 6.98% | 4.92% | 4.39% | 5.85% |
8.90% |
*Includes mortgage-backed pass-through securities of the Government National Mortgage Association; these securities are based on pools of 15- and 30-year fixed-rate home mortgages.
Glossary
