Zero Coupon 2020

as of 04/17/14
invest now

Understanding the Zero Coupon Funds Reverse Share Split.

 
Daily Price (04/17/14) $95.49 Daily Change: $-0.52 (-0.54%)  
Investment Objective: Growth Ticker Symbol: BTTTX
Fund Type: Taxable Bond Funds Fund Code: 967
Share Class: Investor Inception Date: 12/29/89
Total Assets: $213,315,916.01 Newspaper Symbol: ZrCpn2020  
PerformanceG1

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.

  Total Return Average Annual Total Return as of 03/31/2014
Expense
Ratio*
Inception
Date
as of
04/17/2014
YTD
as of
03/31/2014
1 yr
3 yr 5 yr 10 yr 20 yr Life
  +2.31% -4.46% +6.53% +5.19% +6.34% +8.87% +8.92% 0.55% 12/29/89
Morningstar
Ratings
M1:(as of 03/31/2014)
-- -- 2 out of 5 Stars4 out of 5 Stars5 out of 5 Stars--Overall
4 out of 5 Stars Overall
Funds rated in category:----24 22 15 --24
Morningstar Category: Long Government
Lipper Quartiles & Rankings:L1 --Quartile Ranking
53/57
Quartile Ranking
24/47
Quartile Ranking
17/28
Quartile Ranking
6/15
--
Ranking for General Bond Funds as of 03/31/2014, based on total returns.
 

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.

Morningstar InfoM1

Overall Rating
Stars
rated among 24 Long Government
(as of 03/31/2014 )

The fund's current expense ratio is 0.55%

Investment Strategy:
  • Zero–coupon securities.
For Investors Who:
  • Want to realize an investment goal in the year 2020.
  • Prefer the high degree of credit quality provided by U.S. Treasury and U.S. government agency securities.K1
  • Can tolerate high share price fluctuation.K2
Risk Factors:

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.

Fund Management

Robert V. Gahagan
Robert V. Gahagan
Senior Vice President, Senior Portfolio Manager

Brian Howell
Brian Howell
Vice President, Senior Portfolio Manager

Jim Platz
Jim Platz
Vice President, Senior Portfolio Manager

Objective

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.



Footnotes

(*) 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 © Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Performance data is preliminary and subject to revision. Rankings are based on all classes available within the classification as of the date shown. Rankings are based only on the universe shown.

For a detailed description of any index referenced above, refer to our Glossary.

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