To provide inflation protection and income by investing primarily in inflation-protected debt securities.
The fund will invest at least 80% of its net assets in inflation-protected bonds. The fund may invest up to 20% of its net assets in fixed-income securities that are not indexed to inflation or in preferred stocks and convertible securities rated A or better.
Individuals seeking income who want their income and principal investment to keep pace with inflation over time, who can nevertheless accept the risk of price declines. Because of their inflation adjustment feature, inflation-protected bonds typically have lower yields than conventional fixed-rate bonds. Appropriate for both regular and tax-deferred accounts, such as IRAs.
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The Inflation Protected Bond Fund is a cost-effective way to get income potential and protect against inflation by helping preserve the purchasing power of your investment. The fund invests in inflation-protected securities; the face value of these bonds and their income will rise with inflation.
Deflationary conditions (when inflation is negative) could cause the fundís principal and income to decrease in value. Yield and share price will vary with interest rate changes. Investors should note that if interest rates rise significantly from current levels, bond fund total returns will decline and may even turn negative in the short term. Unlike the Treasury securities in which the fund invests, an investment in the fund is not insured or guaranteed by the U.S. government.
* Funds are placed in general risk/return categories based on their 10-year standard deviation
(as of December 2015) or, for newer funds, the standard deviation of the types of securities
in which they invest. There is no assurance past trends will continue.
See Glossary for additional details on all data elements.
The mutual funds referred to in this website are offered and sold only to persons residing in the United States and are offered by prospectus only. The prospectuses include investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing. Download a prospectus.