# Vanguard GNMA Fund Investor Shares (VFIIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vfiix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Vanguard · Asset class: Government Bond - Strategy: Thematic · Inception: 1980-06-27 This bond fund focuses its investments on government mortgage-backed securities. It primarily holds Ginnie Mae (GNMA) securities, which are unique because they carry the explicit guarantee of the U.S. government and generally offer a more competitive yield than traditional U.S. Treasury bonds. In addition to general bond market risks, investors should be aware of prepayment risk. If mortgage refinancing becomes widespread, the fund's income stream is likely to decrease. This fund could be a suitable option for individuals aiming for steady monthly income over a medium-term investment horizo... ## Key Facts | Metric | Value | |---|---| | Price | $9.11 | | Expense Ratio | 0.21% | | Assets Under Management | $10.30B | | NAV | $9.11 | | Holdings Count | 0 | | Distribution Yield (TTM) | 3.82% | | Annual Distribution (TTM) | $0.35 /share | | Distribution Frequency | Monthly | | 52-Week Range | $8.93 – $9.62 | | Beta | 1.05 | ## Latest Distribution - Amount: $0.0295 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-01 ## Frequently Asked Questions ### What does VFIIX invest in? This bond fund focuses its investments on government mortgage-backed securities. It primarily holds Ginnie Mae (GNMA) securities, which are unique because they carry the explicit guarantee of the U.S. government and generally offer a more competitive yield than traditional U.S. Treasury bonds. In addition to general bond market risks, investors should be aware of prepayment risk. If mortgage refinancing becomes widespread, the fund's income stream is likely to decrease. This fund could be a suitable option for individuals aiming for steady monthly income over a medium-term investment horizon, as part of the fixed-income component of their portfolio. It's important to note that while the underlying government agency securities are guaranteed, this federal backing does not protect the fund's own share price from market fluctuations. ### What is the expense ratio of VFIIX? Vanguard GNMA Fund Investor Shares (VFIIX) charges an expense ratio of 0.21%. This is the annual fee deducted from fund assets to cover management and operations. ### What is VFIIX's dividend yield? VFIIX's trailing-twelve-month yield is 3.82%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of VFIIX? Effective duration measures VFIIX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. VFIIX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of VFIIX? VFIIX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of VFIIX? Yield to maturity (YTM) is the total return you'd earn from VFIIX if every bond in the portfolio is held to maturity at the current price. VFIIX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does VFIIX pay a dividend? Yes, Vanguard GNMA Fund Investor Shares (VFIIX) distributes dividends to shareholders. The trailing-twelve-month yield is 3.82%. Full dividend history is on this page. ### How often does VFIIX pay dividends? Vanguard GNMA Fund Investor Shares pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is VFIIX's next ex-dividend date? The most recently announced ex-dividend date for VFIIX was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will VFIIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.21% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does VFIIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from VFIIX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does VFIIX cost more than a fund like VOO? VFIIX's strategy (current expense ratio 0.21%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where VFIIX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to VFIIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as VFIIX (0.21%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/vfiix - Distribution history: https://www.dividenddata.com/funds/vfiix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vfiix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vfiix/expenses - Peer comparison: https://www.dividenddata.com/funds/vfiix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.