Intermediate Government funds are mutual funds that invest in government bonds having maturity between 5 to 10 years. These instruments have negligible credit risks since the government or its agencies are unlikely to default. If you are thinking of investing in these funds, then to help you select, detailed below are the top ten Intermediate Government mutual funds.
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Top Ten Intermediate Government Mutual Funds
We have used the past one-year return data (from U.S. News) of these funds to come up with the top ten Intermediate Government mutual funds. Following are the top ten Intermediate Government mutual funds:
PYGNX normally invests 80% of its securities in MBS (mortgage-backed securities) of the Government National Mortgage Association. It also invests in other "U.S. government Obligations” such as U.S. Treasury bills, notes and bonds. This fund has a net expense ratio of 0.45% and has $116.83 million in total assets. Over the past three years, this fund has given a return of 3.84%, while it has returned 2.21% in the past five years.
BIAZX’s objective is to maximize total return. Normally, the fund invests a minimum of 80% of its net assets in the investment grade mortgage-related securities of varying maturities and durations. This fund has a net expense ratio of 0.52% and has $290.68 million in total assets. Over the past three years, this fund has given a return of 4.83%, while it has returned 2.94% in the past five years.
FICMX seeks current income. During normal times, the fund invests mainly in MBS (mortgage-backed securities) issued or guaranteed by U.S. government agencies, or GSEs (government-sponsored enterprises). This fund has a net expense ratio of 0.64% and has $242.42 million in total assets. Over the past three years, this fund has given a return of 4%, while it has returned 2.35% in the past five years.
FGMNX normally invests a minimum of 80% of its assets in Ginnie Maes and its repurchase agreements. It may also put the money in other U.S. government securities and related instruments. This fund has a net expense ratio of 0.45% and has $4.30 billion in total assets. Over the past three years, this fund has given a return of 3.90%, while it has returned 2.37% in the past five years.
GSUAX normally invests at least 80% of its net assets in the mortgage-related securities of U.S. issuers. As well, it may invest in mortgage dollar rolls and in securities issued or guaranteed by the U.S. government. This fund has a net expense ratio of 0.79% and has $383.36 million in total assets. Over the past three years, this fund has given a return of 4.24%, while it has returned 2.50% in the past five years.
BGPAX’s objective is to maximize total return. During normal times, the fund invests a minimum of 80% of its assets in GNMA (Government National Mortgage Association) and other U.S. government securities. This fund has a net expense ratio of 0.73% and has $633.23 million in total assets. Over the past three years, this fund has given a return of 4.02%, while it has returned 2.22% in the past five years.
AMUSX aims to provide investors with a high level of current income, as well as capital preservation. This fund has a net expense ratio of 0.65% and has $21.52 billion in total assets. Over the past three years, this fund has given a return of 5.06%, while it has returned 2.71% in the past five years.
RMAGX’s objective is to provide current income, as well as capital preservation. The fund largely invests in the mortgage-related securities sponsored or guaranteed by the U.S. government. This fund has a net expense ratio of 0.25% and has $8.32 billion in total assets. Over the past three years, this fund has given a return of 4.66%, while it has returned 2.92% in the past five years.
2. PIMCO GNMA and Government Securities Fd (PAGNX, 3.89%)
PAGNX normally puts a minimum of 80% of its assets in the securities issued by the GNMA. It also invests in the securities issued or guaranteed by the U.S. government, its agencies or government-sponsored enterprises. This fund has a net expense ratio of 1.23% and has $2.22 billion in total assets. Over the past three years, this fund has given a return of 4.58%, while it has returned 2.65% in the past five years.
BTTRX aims to achieve the highest return in line with U.S. Treasury securities. The fund invests a minimum of 80% of its net assets in zero-coupon securities, including U.S. Treasury securities and its equivalents. This fund has a net expense ratio of 0.55% and has $160.60 million in total assets. Over the past three years, this fund has given a return of 7.18%, while it has returned 3.68% in the past five years.
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