Question about bonds

I think James Bonds was a spy or something..

no I think that was Barry Bonds

It looks like a no-load Vanguard fund, with low (good) expense ratios...that is what's known as a "pass through" (based on mortgage payments). GNMA is one of the mortgage institutions that play a role (with US Govt help), in the residential mortgage market.

If you look at an intermediate performace chart of US Govt. Bond Securities, it correlates almost exactly, over the past ten years.

So its history is that when Intermediate US TBonds are going up in price, this one does too, and visa versa.

So the correlation is very close, but its yield is a little higher, which makes sense, since it's not " a US T Bond fund".

In my opinion there are mulitple risks with it, especially the future Purchasing Power risk: if the dollar really gets canned, then so will the PP of the fund, even if the "nominal" ROR is still above water.

Wish you all the best.

Praise God