Top 5 Highest Yielding Zacks #1 Ranked Government Bond Mutual Funds - Highest Yielding Zacks #1 Ranked Funds
November 23 2012 - 7:43AM
Zacks
Government bond mutual funds are considered to be the safest
class of investments in the bond fund category. These funds
generally hold a portfolio of securities issued by the US Treasury
and other government agencies which have negligible default risk.
As a result, yields from these instruments are typically low along
with low levels of associated risk. By holding widely diversified
portfolios of these instruments, mutual funds contribute
significantly to the safety associated with them.
Below we will share with you the 5 highest yielding Zacks #1
ranked government bond mutual funds. Each has earned a Zacks #1
Rank (Strong Buy) as we expect these mutual funds to outperform
their peers in the future. To view the Zacks Rank and past
performance of all government bond funds, investors can click here
to see the complete list of funds.
Mutual Fund
|
Sec 30 Day
Yield
|
Wasatch-Hoisington US Treasury
|
2.65%
|
Fidelity Spartan Long-Term Treasury Bond Index Fidelity
Advantage
|
2.38%
|
ProFunds US Government Plus
|
2.13%
|
Vanguard Long-Term Treasury Investor
|
2.08%
|
Rydex Government Long Bond 1.2x Strategy
|
1.41%
|
Wasatch-Hoisington US Treasury (WHOSX) seeks to provide
returns higher than the rate of inflation over a business cycle.
The fund invests a majority of its assets in U.S Treasury
securities and repurchase agreements backed by such instruments.
The government bond mutual fund returned 6.66% over the last one
year period.
The government bond mutual fund has a minimum initial investment
of $2,000 and an expense ratio of 0.75% compared to a category
average of 0.82%.
Fidelity Spartan Long-Term Treasury Bond Index Fidelity
Advantage (FLBAX) invests a large share of its assets in
securities which are part of the Barclays Capital U.S. Long
Treasury Bond index. The dollar-weighted average maturity period of
the portfolio is at least 10 years or more. The government bond
mutual fund returned 6% over the last one year period.
As of September 2012, this government bond mutual fund held 38
issues, with 5.29% of its total assets invested in US Treasury Bond
4.375%.
ProFunds US Government Plus (GVPSX) seeks daily returns
which are 125% of the daily returns of the most recently issued
Long Bond. The fund purchases derivatives along with domestic
government bonds which enables it to provide such daily returns.
The government bond mutual fund returned 4.47% over the last one
year period.
The Fund Manager is Michelle Liu and he has managed this
government bond fund since 2009.
Vanguard Long-Term Treasury Investor (VUSTX) utilizes a
large share of its assets to purchase various securities which are
issued by the U.S. Treasury. The government bond mutual fund
returned 6.2% over the last one year period.
The government bond mutual fund has a minimum initial investment
of $3,000 and an expense ratio of 0.20% compared to a category
average of 0.82 %.
Rydex Government Long Bond 1.2x Strategy (RYGBX) seeks
returns which are 1.2x the returns of the long dated U.S Treasury
Bonds. The fund invests in a variety of derivative instruments and
U.S Government securities to match its investment objective. The
government bond mutual fund returned 7.3% over the last one year
period.
The Fund Manager is Ryan A. Harder and he has managed this
government bond fund since 2008.
To view the Zacks Rank and past performance of all government
bond mutual funds, investors can click here to see the complete
list of funds.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find
funds that not only outpaced the market in the past but are also
expected to outperform going forward. Learn more about the Zacks
Mutual Fund Rank at http://www.zacks.com/funds.
(FLBAX): ETF Research Reports
(GVPSX): ETF Research Reports
(RYGBX): ETF Research Reports
(VUSTX): ETF Research Reports
(WHOSX): ETF Research Reports
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