American Century Government Bond InvCPTNX

American Century Government Bond's recent results are not a cause for concern.

Investors comparing this fund with its intermediate government bond peers may think the managers may be starting to lose their touch: The fund lags a majority of its peers for the year to date through Sept.  Read more 

This fund's strategy was adjusted in late 2002. It now uses the Citigroup Treasury/Mortgage Index, which typically is composed of roughly 40% Treasuries and 60% mortgages, and it employs that benchmark to target its interest-rate sensitivity.  Read more 

Lead manager Bob Gahagan took over this fund in 1998, and he has done a good job here as well as at other offerings. He also leads the team that manages American Century's taxable-bond mutual funds, stable value funds, and separate accounts. Although the fund lost manager Seth Plunkett in November, a seasoned lineup of four comanagers remain on the fund with Gahagan.  Read more 

This fund underwent a merger and a modest strategy change in late 2002. It now has more flexibility to rotate among government-bond sectors, including agency mortgages. Management generally keeps its rate sensitivity close to a benchmark's, though, and focuses on capital preservation over hot returns.  Read more