Federated Mortgage Fund

Scorecard
3 / 5 Stars
Lipper
2 2 5 5 2
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
TheStreet.com
C+ (Hold)

#6 in Intermediate-Term Government

U.S. News evaluated 75 Intermediate Government Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 4.02 percent over the past year, 2.49 percent over the past three years, 3.69 percent over the past five years, and 4.27 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 3.5%
1 Year 4.0%
3 Years (Annualized) 2.5%
5 Years (Annualized) 3.7%
10 Years (Annualized) 4.3%

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Summary

The investment seeks to provide total return. The fund invests primarily in mortgage-backed securities (MBS) of investment-grade quality and seeks to provide returns consistent with investments in the market for U.S. home mortgages. It will invest in MBS that are issued or guaranteed by U.S. government agencies or U.S. government-sponsored enterprises (GSEs). The fund may invest in non-agency MBS, which are those not issued or guaranteed by GSEs. It may invest up to 15% of its assets in noninvestment-grade MBS, including those backed by so-called "sub-prime" mortgages. The fund also may invest in U.S. government securities and certain derivative instruments.

Fees

Fees are Low compared to funds in the same category.
Federated Mortgage Fund has an expense ratio of 0.40 percent.

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Risk

Risk is Below Average compared to funds in the same category according to Morningstar.

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