Michael Garrett - Vanguard Gnma Fund Manager

VFIIX Fund  USD 8.92  0.04  0.45%   
Michael Garrett is Fund Manager at Vanguard Gnma Fund
Michael F. Garrett, Senior Managing Director and Fixed Income Portfolio Manager of Wellington Management. Michael is a fixed income portfolio manager responsible for managing mortgage and government bond portfolios for Wellington Managements mutual fund, institutional, and government clients. He is a member of the firms Mortgage, Short Bond, and Structured Finance Strategy Groups. Prior to joining Wellington Management in 1999, Michael was a fixed income securities trader with Credit Suisse First Boston, a mortgage portfolio manager with MetLife Investment Management Co., and the senior securities trader for First Federal Savings Loan Association . Michael received his BA in economics from Yale University .
Phone800-662-7447

Vanguard Gnma Management Performance (%)

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The fund invests at least 80 percent of its assets in Government National Mortgage Association pass-through certificates, which are fixed income securities representing part ownership in a pool of mortgage loans supported by the full faith and credit of the U.S. government. Vanguard GNMA is traded on NASDAQ Exchange in the United States. The fund is listed under Intermediate Government category and is part of Vanguard family.

Vanguard Fund Performance Indicators

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Please note, there is a significant difference between Vanguard Gnma's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard Gnma is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Gnma's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.