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Data reflects past performance for Investor Class shares, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Obtain performance data current to the most recent month end. For additional share class information, consult the prospectus.
M1For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. Morningstar Rating is for Investor share class only; other classes may have difference performance characteristics.
rated among 24 Long Government
(as of 02/28/2014 )
The fund's current expense ratio is 0.55%
The fund invests primarily in zero-coupon U.S. Treasury securities and their equivalents, which can be subject to dramatic price fluctuations and could result in significant gains or losses if sold prior to maturity (2020). Each Target Maturities fund invests in different maturities of these debt securities and has different interest rate risks. The fund can only offer a relatively predictable return if held to maturity (2020). Investment in zero-coupon securities is subject to greater price risk than interest-paying securities of similar maturity.
Robert V. GahaganSenior Vice President, Senior Portfolio Manager
Brian Howell Vice President, Senior Portfolio Manager
Jim PlatzVice President, Senior Portfolio Manager
Highest return consistent with investment in U.S. Treasury securities
K1Fund shares are not guaranteed by the U.S. government.
K2This fund is considered aggressive due to the dramatic price volatility investors may experience during certain market conditions. If held to its target date, however, this fund can offer a conservative way to invest for a specific time horizon.
(*) The annual expense ratio is based on expenses incurred by the fund, as stated in the most recent prospectus.
G1Fund performance may be subject to substantial short-term changes due to market volatility or other factors.
L1Lipper rankings are based on average annual total returns. Portions of the mutual fund performance information contained on this page were supplied by Lipper, a Reuters Company, subject to the following: Copyright
For a detailed description of any index referenced above, refer to our Glossary.
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