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If you're looking for a Mutual Fund Bond fund category, then a possible option is Vanguard Short Term Inflation Protected Security Index Advisor (VTAPX - Free Report) . VTAPX has no Zacks Mutual Fund Rank, but we have been able to look into other metrics like performance, volatility, and cost.
History of Fund/Manager
Vanguard Group is based in Malvern, PA, and is the manager of VTAPX. Vanguard Short Term Inflation Protected Security Index Advisor made its debut in October of 2012, and since then, VTAPX has accumulated about $20.33 billion in assets, per the most up-to-date date available. The fund's current manager, Joshua Barrickman, has been in charge of the fund since October of 2012.
Performance
Investors naturally seek funds with strong performance. This fund in particular has delivered a 5-year annualized total return of 2.96%, and is in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 3.1%, which places it in the top third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 12.71%, the standard deviation of VTAPX over the past three years is 3.27%. Looking at the past 5 years, the fund's standard deviation is 2.75% compared to the category average of 12.09%. This makes the fund less volatile than its peers over the past half-decade.
This fund has a beta of 0.24, meaning that it is less volatile than a broad market index of fixed income securities. Taking this into account, VTAPX has a positive alpha of 1.54, which measures performance on a risk-adjusted basis.
Expenses
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, VTAPX is a no load fund. It has an expense ratio of 0.06% compared to the category average of 0.65%. So, VTAPX is actually cheaper than its peers from a cost perspective.
Investors should also note that the minimum initial investment for the product is $3,000 and that each subsequent investment needs to be at $1.
Bottom Line
For additional information on this product, or to compare it to other mutual funds in the Mutual Fund Bond, make sure to go to www.zacks.com/funds/mutual-funds for additional information. For analysis of the rest of your portfolio, make sure to visit Zacks.com for our full suite of tools which will help you investigate all of your stocks and funds in one place.
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Is VTAPX a Strong Bond Fund Right Now?
If you're looking for a Mutual Fund Bond fund category, then a possible option is Vanguard Short Term Inflation Protected Security Index Advisor (VTAPX - Free Report) . VTAPX has no Zacks Mutual Fund Rank, but we have been able to look into other metrics like performance, volatility, and cost.
History of Fund/Manager
Vanguard Group is based in Malvern, PA, and is the manager of VTAPX. Vanguard Short Term Inflation Protected Security Index Advisor made its debut in October of 2012, and since then, VTAPX has accumulated about $20.33 billion in assets, per the most up-to-date date available. The fund's current manager, Joshua Barrickman, has been in charge of the fund since October of 2012.
Performance
Investors naturally seek funds with strong performance. This fund in particular has delivered a 5-year annualized total return of 2.96%, and is in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 3.1%, which places it in the top third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 12.71%, the standard deviation of VTAPX over the past three years is 3.27%. Looking at the past 5 years, the fund's standard deviation is 2.75% compared to the category average of 12.09%. This makes the fund less volatile than its peers over the past half-decade.
This fund has a beta of 0.24, meaning that it is less volatile than a broad market index of fixed income securities. Taking this into account, VTAPX has a positive alpha of 1.54, which measures performance on a risk-adjusted basis.
Expenses
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, VTAPX is a no load fund. It has an expense ratio of 0.06% compared to the category average of 0.65%. So, VTAPX is actually cheaper than its peers from a cost perspective.
Investors should also note that the minimum initial investment for the product is $3,000 and that each subsequent investment needs to be at $1.
Bottom Line
For additional information on this product, or to compare it to other mutual funds in the Mutual Fund Bond, make sure to go to www.zacks.com/funds/mutual-funds for additional information. For analysis of the rest of your portfolio, make sure to visit Zacks.com for our full suite of tools which will help you investigate all of your stocks and funds in one place.