Short-Term Government Securities Fund
Bond Funds
Is This Fund a Good Choice for Me?
The Short-Term Government Securities Fund may be appropriate if you’re seeking a little more interest income from your savings than you’d earn in a traditional savings account. You’re also comfortable with potential fluctuations in your account based on the performance of the underlying bonds.
Investment Objective and Strategy
The fund seeks a high level of current income from investments in securities backed by the full faith and credit of the U.S. government. These investments include: U.S. Treasuries, securities issued by U.S. government agencies, and other securities whose principal and interest payments are guaranteed by the U.S. government. The average maturity of the portfolio, under normal circumstances, is expected to be three years or less.
Inception | May 01, 1995 |
---|---|
Asset Allocation | Bond |
Benchmark | ICE BofA 1-5 Year U.S. Treasury Index |
Ticker Symbol | HOSGX |
CUSIP Number | 437769409 |
Morningstar
Category: Short Government
Overall, out of 85 funds, according to risk adjusted return
Lipper
Classification: Short U.S. Government
total return
Overall, out of 60 funds, according to historical total return
consistent return
Overall, out of 60 funds, according to historical risk-adjusted returns adjusted for volatility
preservation
Overall, out of 6,104 funds, according to historical loss avoidance
Fee Structure | No Load |
---|---|
Expense Ratio | 0.85% (Net 0.75%) (12/31/2019) |
Median Expense Ratio for Peer Group | 0.90% (12/31/2019) |
Fee Waiver | Contractual through 5/1/2021 |
Transaction Fees | NONE |
Debt securities are subject to interest rate risk, credit risk, extension risk, income risk, issuer risk and market risk. The value of U.S. government securities can decrease due to changes in interest rates or changes to the financial condition or credit rating of the U.S. government. Investments in asset-backed and mortgage-backed securities are also subject to prepayment risk as well as increased susceptibility to adverse economic developments. High-yield, lower-rated securities involve greater risk than higher-rated securities.