3 / 5 Stars
Zacks Investment Research
Standard & Poor's
2 / 5 Stars
U.S. News evaluated 276 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 4.19 percent over the past year, 4.36 percent over the past three years, 6.42 percent over the past five years, and 4.22 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||1.9%|
|3 Years (Annualized)||4.4%|
|5 Years (Annualized)||6.4%|
|10 Years (Annualized)||4.2%|
The investment seeks high current return. The fund normally invests at least 80% of its assets in mortgage-backed securities. Mortgage-backed securities may be issued by government-sponsored entities such as the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) and by agencies of the U.S. government, such as the Government National Mortgage Association (Ginnie Mae). It may invest in government stripped mortgage-backed securities and other stripped securities. The fund may invest in securities of any maturity or duration, and the securities may have fixed, floating or variable rates.
Fees are High compared to funds in the same category.
Western Asset Mortgage Backed Securities Fund has an expense ratio of 1.54 percent.
Risk is Low compared to funds in the same category according to Morningstar.