4 / 5 Stars
3 3 5 5 3
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
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 -0.37 percent over the past year, 2.86 percent over the past three years, 4.25 percent over the past five years, and 3.96 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||1.3%|
|3 Years (Annualized)||2.9%|
|5 Years (Annualized)||4.3%|
|10 Years (Annualized)||4.0%|
The investment seeks to provide a high level of current income consistent with safety and liquidity. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities issued by the U.S. government, its agencies or instrumentalities or securities that are rated AAA by S&P, AAA by Fitch, or Aaa by Moody's, including but not limited to mortgage securities such as agency and non-agency collateralized mortgage obligations, and other obligations that are secured by mortgages or mortgage-backed securities. It maintains an average portfolio duration that is within ±25% of the duration of the Barclays Fixed-Rate MBS Index.
Fees are High compared to funds in the same category.
Principal Government & High Quality Bond Fund has an expense ratio of 0.94 percent.
Risk is Low compared to funds in the same category according to Morningstar.