# Vanguard GNMA Fund Admiral Shares (VFIJX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vfijx 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: 2001-02-12 This fixed-income offering concentrates its investments in mortgage-backed securities guaranteed by the U.S. government. Its portfolio predominantly comprises Ginnie Mae (GNMA) instruments, which benefit from the full backing of the U.S. government and generally provide a more attractive yield compared to U.S. Treasury obligations. While exposed to standard bond market risks, the fund also carries prepayment risk; significant mortgage refinancing activity can cause its yield to decline. It could be an appropriate consideration for individuals aiming for regular monthly income over a medium-... ## Key Facts | Metric | Value | |---|---| | Price | $9.13 | | Expense Ratio | 0.11% | | Assets Under Management | $10.30B | | NAV | $9.12 | | Holdings Count | 178 | | Distribution Yield (TTM) | 3.91% | | Annual Distribution (TTM) | $0.36 /share | | Distribution Frequency | Monthly | | 52-Week Range | $8.93 – $9.62 | | Beta | 1.06 | ## Latest Distribution - Amount: $0.0302 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-01 ## Frequently Asked Questions ### What does VFIJX invest in? This fixed-income offering concentrates its investments in mortgage-backed securities guaranteed by the U.S. government. Its portfolio predominantly comprises Ginnie Mae (GNMA) instruments, which benefit from the full backing of the U.S. government and generally provide a more attractive yield compared to U.S. Treasury obligations. While exposed to standard bond market risks, the fund also carries prepayment risk; significant mortgage refinancing activity can cause its yield to decline. It could be an appropriate consideration for individuals aiming for regular monthly income over a medium-term horizon, particularly as part of the fixed-income component of their overall investment strategy. A crucial point to remember is that the U.S. government's guarantee extends only to the underlying GNMA securities themselves and does not safeguard the fund's share price from market fluctuations. ### What is the expense ratio of VFIJX? Vanguard GNMA Fund Admiral Shares (VFIJX) charges an expense ratio of 0.11%. This is the annual fee deducted from fund assets to cover management and operations. ### What is VFIJX's dividend yield? VFIJX's trailing-twelve-month yield is 3.91%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of VFIJX? Effective duration measures VFIJX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. VFIJX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of VFIJX? VFIJX'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 VFIJX? Yield to maturity (YTM) is the total return you'd earn from VFIJX if every bond in the portfolio is held to maturity at the current price. VFIJX'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 VFIJX pay a dividend? Yes, Vanguard GNMA Fund Admiral Shares (VFIJX) distributes dividends to shareholders. The trailing-twelve-month yield is 3.91%. Full dividend history is on this page. ### How often does VFIJX pay dividends? Vanguard GNMA Fund Admiral 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 VFIJX's next ex-dividend date? The most recently announced ex-dividend date for VFIJX 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 VFIJX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.11% 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 VFIJX charge its expense ratio? The expense ratio is deducted in tiny daily slices from VFIJX'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 VFIJX cost more than a fund like VOO? VFIJX's strategy (current expense ratio 0.11%) 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 VFIJX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to VFIJX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as VFIJX (0.11%) 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/vfijx - Distribution history: https://www.dividenddata.com/funds/vfijx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vfijx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vfijx/expenses - Peer comparison: https://www.dividenddata.com/funds/vfijx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.