Navigator Duration Neutral Bond Fund

U.S. News evaluated 75 Nontraditional Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

Trailing Returns Updated 02.28.2014
Year to date 0.8%
1 Year N/A
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks to maximize total return, which is comprised of income and capital appreciation, while hedging interest rate exposure. Under normal circumstances, the fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) in bond instruments. It will invest primarily in municipal bond instruments. The fund intends to be "duration neutral", meaning it seeks to provide exposure to the municipal bond market while protecting against loss of principal when interest rates rise. The fund is non-diversified.

Fees

Fees are High compared to funds in the same category.
Navigator Duration Neutral Bond Fund has an expense ratio of 1.90 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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See Also:

Top Navigator Funds Funds