3 / 5 Stars
5 5 4 1 3
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#8 in Retirement Income
U.S. News evaluated 61 Retirement Income 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 5.98 percent over the past year, 6.02 percent over the past three years, and 14.26 percent over the past five years.
|Trailing Returns||Updated 03.31.2014|
|Year to date||2.7%|
|3 Years (Annualized)||6.0%|
|5 Years (Annualized)||14.3%|
|10 Years (Annualized)||N/A|
The investment seeks the highest total return (that is, a combination of income and long-term capital appreciation) over time consistent with its asset mix. The fund is a fund of funds-it invests primarily in other funds. These underlying funds are open-end funds managed by the manager or its affiliates, or exchange-traded funds ("ETFs") that are based on an index and managed by unaffiliated investment advisers. It seeks to achieve its objective by investing in a combination of underlying funds representing a variety of broad asset classes-equity (including real estate-related funds), fixed income and inflation-hedging-and investment styles.
Fees are Above Average compared to funds in the same category.
Legg Mason Target Retirement Fund has an expense ratio of 0.59 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.