Target Mortgage Backed Securities Portfolio

Class T (TGMBX)
Scorecard
5 / 5 Stars
Lipper
5 4 5 1 2
Zacks Investment Research
4 (Sell)
Standard & Poor's
2 / 5 Stars
TheStreet.com
C+ (Hold)

#30 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.

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Performance

The fund has returned -0.36 percent over the past year, 3.11 percent over the past three years, 7.24 percent over the past five years, and 4.88 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 2.2%
1 Year -0.4%
3 Years (Annualized) 3.1%
5 Years (Annualized) 7.2%
10 Years (Annualized) 4.9%

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Summary

The investment seeks high current income with a secondary investment objective of capital appreciation. The fund normally invests at least 80% of its investable assets in mortgage-backed debt securities. These securities will usually be mortgage-related securities issued or guaranteed by U.S. government agencies. It may invest up to 25% of its total assets in privately issued mortgage-related securities (which are not guaranteed by the U.S. government). The fund may also invest in asset-backed securities like automobile loans and credit card receivables.

Fees

Fees are Low compared to funds in the same category.
Target Mortgage Backed Securities Portfolio has an expense ratio of 0.93 percent.

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Risk

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

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