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 Fidelity® GNMA Fund (FGMNX)

Performance (1-yr.): 5.07% Expenses: 0.45%
Performance (1-mo.): 0.29% Total Assets: $6.72B
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#2 AMG Managers Intermediate Duration Government Fund (MGIDX)

Performance (1-yr.): 5.66% Expenses: 0.91%
Performance (1-mo.): 0.27% Total Assets: $139.04M
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#2 SEI Daily Income Trust GNMA Portfolio (SEGMX)

Performance (1-yr.): 4.91% Expenses: 0.69%
Performance (1-mo.): 0.23% Total Assets: $117.0M
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#4 Vanguard GNMA Fund (VFIIX)

Performance (1-yr.): 4.99% Expenses: 0.21%
Performance (1-mo.): 0.40% Total Assets: $26.34B
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#5 T. Rowe Price GNMA Fund (PRGMX)

Performance (1-yr.): 4.13% Expenses: 0.59%
Performance (1-mo.): 0.24% Total Assets: $1.66B
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#6 Federated Mortgage Fund (FGFIX)

Performance (1-yr.): 4.02% Expenses: 0.49%
Performance (1-mo.): 0.23% Total Assets: $191.27M
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#6 Goldman Sachs U.S. Mortgages Fund (GSUAX)

Performance (1-yr.): 4.70% Expenses: 0.72%
Performance (1-mo.): 0.18% Total Assets: $257.3M
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#8 Fidelity® Intermediate Government Income Fund (FSTGX)

Performance (1-yr.): 2.01% Expenses: 0.45%
Performance (1-mo.): 0.00% Total Assets: $836.81M
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#8 Putnam U.S. Government Income Fund (PGSIX)

Performance (1-yr.): 6.55% Expenses: 0.87%
Performance (1-mo.): 0.66% Total Assets: $1.1B
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#10 Putnam American Government Income Fund (PAGVX)

Performance (1-yr.): 4.67% Expenses: 0.87%
Performance (1-mo.): 0.41% Total Assets: $552.47M
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Top Performing Intermediate Government Funds As of 07.03.2014

Putnam U.S. Government Income Fund (PGSIX)

Total Return: 0.66%

DWS Strategic Government Securities Fund (KUSAX)

Total Return: 0.51%

DWS GNMA Fund (GGGGX)

Total Return: 0.51%

Putnam U.S. Government Income Fund (PGSIX)

Total Return: 6.55%

AMG Managers Intermediate Duration Government Fund (MGIDX)

Total Return: 5.66%

Fidelity® GNMA Fund (FGMNX)

Total Return: 5.07%

* Annualized