Intermediate Government

Intermediate-government portfolios have at least 90% of their bond holdings in bonds backed by the U.S. government or by government-linked agencies. This backing minimizes the credit risk of these portfolios, as the U.S. government is unlikely to default on its debt. These portfolios have durations between 3.5 and six years (or, if duration is unavailable, average effective maturities between four and 10 years). Consequently, the group's performance--and its level of volatility--tends to fall between that of the short government and long government bond categories. Morningstar®

#1 Vanguard GNMA Fund (VFIIX)

Performance (1-yr.): 0.20% Expenses: 0.21%
Performance (1-mo.): 0.32% Total Assets: $26.64B
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#2 Fidelity® GNMA Fund (FGMNX)

Performance (1-yr.): 0.16% Expenses: 0.45%
Performance (1-mo.): 0.26% Total Assets: $6.79B
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#3 Managers Intermediate Duration Government Fund (MGIDX)

Performance (1-yr.): 1.18% Expenses: 0.95%
Performance (1-mo.): 0.53% Total Assets: $137.96M
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#4 SEI Daily Income Trust GNMA Portfolio (SEGMX)

Performance (1-yr.): 0.02% Expenses: 0.70%
Performance (1-mo.): 0.40% Total Assets: $159.3M
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#5 SEI Daily Income Trust Intermediate Duration Government Fund (TCPGX)

Performance (1-yr.): 0.29% Expenses: 0.73%
Performance (1-mo.): 0.35% Total Assets: $24.38M
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#6 Putnam American Government Income Fund (PAGVX)

Performance (1-yr.): 1.19% Expenses: 0.87%
Performance (1-mo.): 0.74% Total Assets: $554.25M
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#7 T. Rowe Price GNMA Fund (PRGMX)

Performance (1-yr.): 0.23% Expenses: 0.59%
Performance (1-mo.): 0.38% Total Assets: $1.51B
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#8 T. Rowe Price Summit GNMA Fund (PRSUX)

Performance (1-yr.): 0.59% Expenses: 0.60%
Performance (1-mo.): 0.28% Total Assets: $137.5M
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#9 PIA MBS Bond Fund (PMTGX)

Performance (1-yr.): 0.81% Expenses: 0.01%
Performance (1-mo.): 0.34% Total Assets: $93.04M
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#10 Fidelity® Intermediate Government Income Fund (FSTGX)

Performance (1-yr.): 0.29% Expenses: 0.45%
Performance (1-mo.): 0.19% Total Assets: $859.67M
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Top Performing Intermediate Government Funds As of 03.05.2014

Morgan Stanley Mortgage Securities Trust (MTGAX)

Total Return: 0.86%

Putnam American Government Income Fund (PAGVX)

Total Return: 0.74%

Putnam U.S. Government Income Fund (PGSIX)

Total Return: 0.73%

Morgan Stanley Mortgage Securities Trust (MTGAX)

Total Return: 4.07%

Putnam U.S. Government Income Fund (PGSIX)

Total Return: 1.97%

Putnam American Government Income Fund (PAGVX)

Total Return: 1.19%

Morgan Stanley Mortgage Securities Trust (MTGAX)

Total Return: 6.12%

Columbia U.S. Government Mortgage Fund (AUGAX)

Total Return: 4.56%

Fidelity Spartan Intermediate Trust Bond Index Fund (FIBIX)

Total Return: 4.49%

* Annualized