Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
0.21% 11.22B -- 388.0%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
-3.670B 8.30% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund seeks a high level of current income consistent with stability of principal and liquidity by investing primarily in mortgage-backed securities, guaranteed by the U.S. Government. The Fund invests at least 80% of its assets in Government National Mortgage Association pass-through certificates.
General
Security Type Mutual Fund
Equity Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Global Peer Group Bond USD Mortgages
Peer Group GNMA Funds
Global Macro Bond HC
US Macro U.S. Government & Treasury Fixed Income Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective GNMA Funds
Fund Owner Firm Name Vanguard
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Net Fund Flows Versus Peer Group

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: 99
-111.84M Peer Group Low
23.91M Peer Group High
1 Year
% Rank: 99
-3.670B
-3.670B Peer Group Low
32.74M Peer Group High
3 Months
% Rank: 99
-188.00M Peer Group Low
27.99M Peer Group High
3 Years
% Rank: 99
-6.956B Peer Group Low
259.19M Peer Group High
6 Months
% Rank: 99
-346.66M Peer Group Low
19.59M Peer Group High
5 Years
% Rank: 99
-15.02B Peer Group Low
-34.53M Peer Group High
YTD
% Rank: --
-- Peer Group Low
-- Peer Group High
10 Years
% Rank: 99
-16.22B Peer Group Low
388.65M Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
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Annual Total Returns Versus Peers

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Name
2019
2020
2021
2022
2023
2024
2025
YTD
5.83%
3.73%
-1.12%
-10.82%
5.15%
1.06%
7.72%
0.08%
8.72%
7.51%
-1.54%
-13.01%
5.53%
1.25%
7.30%
-0.07%
5.67%
4.26%
-1.84%
-12.56%
4.51%
0.84%
7.52%
0.21%
6.16%
3.73%
-1.67%
-11.49%
4.70%
0.51%
7.41%
0.07%
5.17%
4.21%
-2.19%
-10.99%
5.13%
0.92%
7.34%
0.07%
5.71%
3.74%
-0.85%
-11.28%
5.43%
1.02%
7.88%
0.07%
As of January 09, 2026.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (1-8-26) 3.62%
30-Day SEC Yield (11-30-25) 3.67%
7-Day SEC Yield --
Number of Holdings 9405
Bond
Yield to Maturity (9-30-25) 4.85%
Effective Duration 5.20
Average Coupon 4.08%
Calculated Average Quality 1.00
Effective Maturity 25.68
Nominal Maturity 25.68
Number of Bond Holdings 9373
As of September 30, 2025

Asset Allocation

As of September 30, 2025.
Type % Net
Cash 6.44%
Stock 0.00%
Bond 95.67%
Convertible 0.00%
Preferred 0.00%
Other -2.11%
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Top 10 Holdings

Name % Weight Price % Change
Government National Mortgage Association 2 5.5% 01-OCT-2055
5.94% -- --
USD Cash
4.01% -- --
GNMA 2.0 11/20/2050 FIX USD Agency 3.89% 82.83 -0.16%
GNMA 2.5 09/20/2051 FIX USD Agency 3.10% 86.18 -0.03%
GNMA 2.0 12/20/2050 FIX USD Agency 2.95% 82.77 -0.16%
Government National Mortgage Association 2 2.5% 01-OCT-2055
1.97% -- --
GNMA 2.0 02/20/2051 FIX USD Agency 1.96% 82.80 -0.16%
GNMA 5.0 04/20/2053 FIX USD Agency 1.93% 100.00 -0.17%
GNMA 2.5 11/20/2051 FIX USD Agency 1.84% 86.37 -0.03%
Government National Mortgage Association 2 20-MAY-2054 MA9669
1.71% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee 0.20%
Administration Fee 9.42M%
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Minimum Initial Investment 3000.00 None
Minimum Subsequent Investment 1.00 None

Basic Info

Investment Strategy
The Fund seeks a high level of current income consistent with stability of principal and liquidity by investing primarily in mortgage-backed securities, guaranteed by the U.S. Government. The Fund invests at least 80% of its assets in Government National Mortgage Association pass-through certificates.
General
Security Type Mutual Fund
Equity Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Global Peer Group Bond USD Mortgages
Peer Group GNMA Funds
Global Macro Bond HC
US Macro U.S. Government & Treasury Fixed Income Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective GNMA Funds
Fund Owner Firm Name Vanguard
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (1-8-26) 3.62%
30-Day SEC Yield (11-30-25) 3.67%
7-Day SEC Yield --
Number of Holdings 9405
Bond
Yield to Maturity (9-30-25) 4.85%
Effective Duration 5.20
Average Coupon 4.08%
Calculated Average Quality 1.00
Effective Maturity 25.68
Nominal Maturity 25.68
Number of Bond Holdings 9373
As of September 30, 2025

Fund Details

Key Dates
Inception Date 6/27/1980
Share Classes
VFIJX Admiral
Attributes
Inverse Fund No
Leveraged Fund --
Currency Hedged Fund --
Socially Responsible Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
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Excel Add-In Codes

Name: =YCI("M:VFIIX", "name")
Broad Asset Class: =YCI("M:VFIIX", "broad_asset_class")
Broad Category: =YCI("M:VFIIX", "broad_category_group")
Prospectus Objective: =YCI("M:VFIIX", "prospectus_objective")
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.
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