2 / 5 Stars
2 2 4 2 5
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 320 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 3.58 percent over the past year, 5.76 percent over the past three years, 5.23 percent over the past five years, and 4.49 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||0.8%|
|3 Years (Annualized)||5.8%|
|5 Years (Annualized)||5.2%|
|10 Years (Annualized)||4.5%|
The investment seeks maximum income consistent with prudent investment management and the preservation of capital. The fund seeks to achieve its investment objective by investing at least 80% of its net assets under normal circumstances in debt securities. It invests primarily in a variety of investment-grade debt securities, such as mortgage-backed securities, corporate bonds, U.S. government securities and money market instruments. The fund normally has a weighted average maturity of approximately five to ten years, but is subject to no limitation with respect to the maturities of the instruments in which it may invest.
Fees are Above Average compared to funds in the same category.
Highland Fixed Income Fund has an expense ratio of 0.88 percent.
Risk is Average compared to funds in the same category according to Morningstar.