Ultrashort Bond

Ultrashort bond portfolios invest primarily in investment-grade U.S. fixed-income issues and have durations of less than one year (or, if duration is unavailable, average effective maturities of less than one year). This category can include corporate or government ultrashort bond portfolios, but it excludes international, convertible, multisector, and high yield bond portfolios. Due to their focus on bonds with very short durations, these portfolios offer minimal interest-rate sensitivity and therefore low risk and total return potential. Morningstar®

#1 Managers Short Duration Government Fund (MGSDX)

Performance (1-yr.): 0.66% Expenses: 0.81%
Performance (1-mo.): 0.12% Total Assets: $406.27M
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#2 PIA Short Term Securities Fund (PIASX)

Performance (1-yr.): 0.40% Expenses: 0.35%
Performance (1-mo.): 0.04% Total Assets: $155.08M
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#3 TCW Short Term Bond Fund (TGSMX)

Performance (1-yr.): 0.83% Expenses: 0.44%
Performance (1-mo.): 0.09% Total Assets: $21.04M
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#4 Asset Management Fund Ultra Short Mortgage Fund (ASARX)

Performance (1-yr.): 2.15% Expenses: 1.09%
Performance (1-mo.): 0.02% Total Assets: $254.91M
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#5 Western Asset Adjustable Rate Income Fund (ARMZX)

Performance (1-yr.): 1.19% Expenses: 0.85%
Performance (1-mo.): 0.04% Total Assets: $214.12M
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#6 Metropolitan West Ultra Short Bond Fund (MWUSX)

Performance (1-yr.): 1.01% Expenses: 0.50%
Performance (1-mo.): 0.05% Total Assets: $197.25M
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#7 DWS Ultra Short Duration Fund (SDUAX)

Performance (1-yr.): 1.97% Expenses: 0.95%
Performance (1-mo.): 0.49% Total Assets: $645.81M
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#8 William Blair Low Duration Fund (WBLIX)

Performance (1-yr.): 0.23% Expenses: 0.55%
Performance (1-mo.): 0.05% Total Assets: $163.95M
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#9 Permanent Portfolio Short Term Treasury Fund (PRTBX)

Performance (1-yr.): 0.62% Expenses: 0.69%
Performance (1-mo.): 0.06% Total Assets: $25.22M
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#10 The Core Fund (SGBFX)

Performance (1-yr.): 1.51% Expenses: 0.75%
Performance (1-mo.): 0.06% Total Assets: $153.82M
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Top Performing Ultrashort Bond Funds As of 03.05.2014

DWS Ultra Short Duration Fund (SDUAX)

Total Return: 0.49%

Dreyfus Short Duration Bond Fund (DSIGX)

Total Return: 0.30%

Prudential Core Short-Term Bond Fund

Total Return: 0.21%

Asset Management Fund Ultra Short Fund (AULTX)

Total Return: 2.72%

Asset Management Fund Ultra Short Mortgage Fund (ASARX)

Total Return: 2.15%

DWS Ultra Short Duration Fund (SDUAX)

Total Return: 1.97%

Prudential Core Short-Term Bond Fund

Total Return: 2.53%

DWS Ultra Short Duration Fund (SDUAX)

Total Return: 2.27%

USAA Ultra Short-Term Bond Fund (UUSTX)

Total Return: 2.00%

* Annualized