Ginnie Mae

as of 04/17/14
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Ginnie Mae Fund: Actively Managed, Pure Ginnie Mae StrategyPDF
The Ginnie Mae Fund is designed to provide a high level of current income and capital appreciation through an actively managed portfolio of government-backed mortgage securities and other fixed income investments.

 
Daily Price (04/17/14) $10.72 Daily Change: $-0.02 (-0.18%)  
Investment Objective: Income Ticker Symbol: BGNMX
Fund Type: Taxable Bond Funds Fund Code: 970
Share Class: Investor Inception Date: 09/23/85
Total Assets: $1,136,900,022.91 Newspaper Symbol: GINNIEMAE  
Performance

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
  +1.75% -1.02% +2.70% +3.62% +4.28% +5.46% +6.58% 0.55% 09/23/85
Morningstar
Ratings
M1:(as of 03/31/2014)
-- -- 3 out of 5 Stars4 out of 5 Stars4 out of 5 Stars--Overall
4 out of 5 Stars Overall
Funds rated in category:----297 281 239 --297
Morningstar Category: Intermediate Government
Lipper Quartiles & Rankings:L1 --Quartile Ranking
34/66
Quartile Ranking
21/63
Quartile Ranking
33/60
Quartile Ranking
19/50
--
Ranking for GNMA 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 297 Intermediate Government
(as of 03/31/2014 )

The fund's current expense ratio is 0.55%

Investment Strategy:
  • Mortgage–backed securities issued by the Government National Mortgage Association and other U.S. government agencies.K1
For Investors Who:
  • Seek the highest income potential available from U.S. government securities.K1
  • Can tolerate moderate share price fluctuation.
Risk Factors:

The value and/or returns of a portfolio will fluctuate with market and economic conditions. The fund's investments in fixed income securities are subject to the risks associated with debt securities including credit, price and interest rate risk. Generally, as interest rates rise, bond prices fall. Investments in mortgage securities are subject to prepayment risks, which may result in greater share price volatility.

More Information
arrow Prospectus
arrow Summary Prospectus
arrow Investment Kit
arrow Fund Minimums
arrow Semiannual Report
arrow Annual Report
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Fund Management

Alejandro H. Aguilar, CFA
Alejandro H. Aguilar, CFA
Vice President, Senior Portfolio Manager

Daniel E. Shiffman, CFA
Daniel E. Shiffman, CFA
Vice President, Portfolio Manager

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

Jesse Singh, CFA
Jesse Singh, CFA
Vice President, Portfolio Manager

Objective

High current income



Footnotes

(*) The annual expense ratio is based on expenses incurred by the fund, as stated in the most recent prospectus.

K1Fund shares are not guaranteed by the U.S. government.

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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