3 / 5 Stars
3 3 3 2 2
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#153 in Intermediate-Term Bond
U.S. News evaluated 280 Intermediate-Term Bond 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 -1.98 percent over the past year, 4.38 percent over the past three years, 6.89 percent over the past five years, and 4.21 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||1.3%|
|3 Years (Annualized)||4.4%|
|5 Years (Annualized)||6.9%|
|10 Years (Annualized)||4.2%|
The investment seeks generation of current income. The fund normally invests at least 80% of its net assets plus borrowings for investment purposes, if any, in investment-grade, debt securities or synthetic or other instruments that have similar economic characteristics to investment-grade debt securities. It primarily invests in U.S. corporate bonds, U.S. government or agency securities and mortgage-backed and asset-backed securities that are of investment grade quality. The fund's portfolio duration will typically be within two years of the fund's benchmark, the Barclays U.S. Government/Credit Bond Index (the "Benchmark").
Fees are Above Average compared to funds in the same category.
Forward Investment Grade Fixed Income Fund has an expense ratio of 0.83 percent.
Risk is High compared to funds in the same category according to Morningstar.