The 2022 retirement of experienced contributor Gemma Wright-Casparius is a tough pill for Vanguard Inflation-Protected Securities to swallow. The strategy receives a Morningstar Analyst Rating downgrade to Bronze from Silver on its cheapest institutional share class while its pricier shares are rated Neutral.
Vanguard Inflation-Protected Secs Adm VAIPX
NAV / 1-Day Return
27.66
/
0.58
%
Total Assets
41.8 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.100%
Expense Ratio
0.100%
Fee Level
Low
Longest Manager Tenure
10.44
years
Category
Inflation-Protected Bond
Credit Quality / Interest Rate Sensitivity
High / ModerateMin. Initial Investment
50,000
Status
Open
TTM Yield
5.13%
Effective Duration
7.70
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will VAIPX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VAIPX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the VAIPX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of VAIPX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A new manager inherits this cost-conscious option for inflation hedging.
