5 / 5 Stars
4 5 5 5 1
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
5 / 5 Stars
#19 in Intermediate-Term Government
U.S. News evaluated 77 Intermediate Government Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -0.75 percent over the past year, 3.34 percent over the past three years, 4.53 percent over the past five years, and 4.77 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||2.2%|
|3 Years (Annualized)||3.3%|
|5 Years (Annualized)||4.5%|
|10 Years (Annualized)||4.8%|
The investment seeks a high level of total return that is consistent with preservation of capital. The fund invests at least 80% of its total assets in Government National Mortgage Association mortgage-backed securities, which are debt securities representing part ownership in a pool of mortgage loans backed by the full faith and credit of the U.S. government. It invests the balance of its assets primarily in other "U.S. government Obligations," which are defined as U.S. Treasury bills, notes and bonds, and other bonds and mortgage-backed securities issued or guaranteed by the U.S. government, or by Government sponsored enterprises. It is non-diversified.
Fees are Low compared to funds in the same category.
Payden GNMA Fund has an expense ratio of 0.50 percent.
Risk is Average compared to funds in the same category according to Morningstar.