Emory Zink
Dec 31, 2019
Mentioned: JPMorgan Government Bond I (HLGAX) , BlackRock GNMA Instl (BGNIX) , PIMCO GNMA and Government Secs Instl (PDMIX) , Vanguard GNMA Adm (VFIJX) , Vanguard Mortgage-Backed Secs ETF (VMBS) , iShares GNMA Bond ETF (GNMA) , Fidelity Advisor® Government Income I (FVIIX) , iShares MBS ETF (MBB)
"At the end of 2019, no funds in the intermediate-government Morningstar Category received a Morningstar Analyst Rating of Gold. By contrast, there were three Gold-rated funds five years ago: Fidelity Advisor Government Income (FVIIX), Pimco GNMA and Government Securities (PDMIX), and Vanguard GNMA (VFIJX). Although the introduction of our new ratings methodology has something to do with that, it doesn't signal a deterioration in the resources of those top-shelf funds, as overall trends in the category have been evolving for several years. It does, however, reflect an increasingly competitive investment field, against the backdrop of a market with much less to offer than it used to."
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