2 / 5 Stars
Zacks Investment Research
Standard & Poor's
2 / 5 Stars
U.S. News evaluated 51 Short Government 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 -0.35 percent over the past year, 0.56 percent over the past three years, 1.21 percent over the past five years, and 2.11 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.3%|
|3 Years (Annualized)||0.6%|
|5 Years (Annualized)||1.2%|
|10 Years (Annualized)||2.1%|
The investment seeks a high level of current income, while providing lower volatility of principal than a fund that invests in fixed-rate securities. The fund normally invests at least 80% of its net assets in "adjustable-rate U.S. government mortgage securities." "Adjustable-rate U.S. government mortgage securities" include adjustable-rate mortgage securities (ARMS) and other mortgage-backed securities with interest rates that adjust periodically to reflect prevailing market interest rates.
Fees are High compared to funds in the same category.
Franklin Adjustable U.S. Government Securities Fund has an expense ratio of 1.27 percent.
Risk is Low compared to funds in the same category according to Morningstar.