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2012 Tax Form 8937
2013 Tax Form 8937
2014 Tax Form 8937
2015 Tax Form 8937
2016 Tax Form 8937
2017 Tax Form 8937
2018 Tax Form 8937
2019 Tax Form 8937
2020 Tax Form 8937
Seeks the highest return consistent with investment in U.S. Treasury securities.
The fund invests primarily in zero-coupon U.S. Treasury securities and their equivalents, which can be subject to dramatic price fluctuations and could result in significant gains or losses if sold prior to maturity (2025). Each Zero-Coupon fund invests in different maturities of these debt securities and has different interest rate risks. The fund can only offer a relatively predictable return if held to maturity (2025). Investment in zero coupon securities is subject to greater price risk than interest-paying securities of similar maturity. There is no guarantee that the investment objectives will be met. Dividends and yields represent past performance and there is no guarantee that they will continue to be paid.
Highest return consistent with investments in U.S. Treasury securities.
Invests in zero-coupon bonds, providing a dependable rate of return if held to maturity.
Average annual total returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized.
For periods prior to the inception of a class, performance is for the oldest class, restated with applicable fees, if any.
Maturity: Describes the portfolio of the fund in terms of the different maturities of the securities it holds.
Weighted average life to maturity (WALM) is a measure of the sensitivity of a fixed income portfolio to interest rate changes. WALM is the average time in years to receive the principal repayments. Accordingly, WALM reflects how a portfolio would react to deteriorating credit or tightening liquidity conditions.
Senior Vice President, Senior Portfolio Manager
Vice President, Portfolio Manager
The fund invests primarily in zero-coupon U.S. Treasury securities and their equivalents, which can be subject to dramatic price fluctuations and could result in significant gains or losses if sold prior to maturity. Each Zero Coupon fund invests in different maturities of these debt securities and has different interest rate risks. The fund can only offer a relatively predictable return if held to maturity. Investment in zero-coupon securities is subject to greater price risk than interest-paying securities of similar maturity.
Although you can potentially earn a dependable return if you hold your shares to maturity, you should be prepared for dramatic price fluctuations which may result in significant gains or losses if sold prior to maturity.
Please see the prospectus for details about sales charges.
The gross expense ratio is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.
Only Investor Class shares are made available to investors directly. Advisor, A, C, I, and Y Classes of shares are only available for purchase by institutions or other financial intermediaries. R, R5, and R6 Classes of shares are only available for purchase by group employer-sponsored retirement plans. Review definitions and minimums for all share classes.
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