1 / 5 Stars
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Zacks Investment Research
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 278 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 -1.88 percent over the past year, 1.63 percent over the past three years, 3.58 percent over the past five years, and 3.43 percent over the past decade.
|Trailing Returns||Updated 11.30.2013|
|Year to date||-2.0%|
|3 Years (Annualized)||1.6%|
|5 Years (Annualized)||3.6%|
|10 Years (Annualized)||3.4%|
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 1.63 percent.
Risk is Low compared to funds in the same category according to Morningstar.