4 / 5 Stars
5 5 4 2 1
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#19 in Intermediate-Term Government
U.S. News evaluated 80 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 -0.63 percent over the past year, 2.09 percent over the past three years, 7.25 percent over the past five years, and 4.84 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-0.4%|
|3 Years (Annualized)||2.1%|
|5 Years (Annualized)||7.2%|
|10 Years (Annualized)||4.8%|
The investment seeks high current income with preservation of capital as its secondary objective. The fund invests mainly in bonds and securitized debt instruments (such as mortgage-backed investments) that are obligations of the U.S. government, its agencies and instrumentalities and accordingly are backed by the full faith and credit of the United States (e.g., U.S. Treasury bonds and Ginnie Mae mortgage-backed bonds) or by only the credit of a federal agency or government-sponsored entity; and that have short- to long-term maturities. It may also use derivatives, such as futures, options and swap contracts, for both hedging and non-hedging purposes.
Fees are Low compared to funds in the same category.
Putnam American Government Income Fund has an expense ratio of 0.87 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.