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®

Northern Ultra-Short Fixed Income Fund (NUSFX)

Performance (1-yr.): 1.36% Expenses: 0.25%
Performance (1-mo.): 0.06% Total Assets: $1.72B
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Oppenheimer Ultra-Short Duration Fund (OSDYX)

Performance (1-yr.): 0.43% Expenses: 0.25%
Performance (1-mo.): 0.02% Total Assets: $599.4M
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Palmer Square Income Plus Fund (PSYPX)

Performance (1-yr.): Expenses: 0.75%
Performance (1-mo.): 0.31% Total Assets: $285.32M
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Payden Limited Maturity Fund (PYLMX)

Performance (1-yr.): 1.20% Expenses: 0.35%
Performance (1-mo.): 0.07% Total Assets: $311.39M
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PIMCO Short Asset Investment Fund (PAIAX)

Performance (1-yr.): 0.71% Expenses: 0.59%
Performance (1-mo.): 0.03% Total Assets: $211.6M
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PIMCO Short Term Fund (PSHAX)

Performance (1-yr.): 1.55% Expenses: 0.70%
Performance (1-mo.): 0.07% Total Assets: $14.25B
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Pioneer Multi-Asset Ultrashort Income Fund (MAFRX)

Performance (1-yr.): 1.21% Expenses: 0.72%
Performance (1-mo.): 0.08% Total Assets: $2.31B
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PNC Ultra Short Bond (PSBAX)

Performance (1-yr.): 0.06% Expenses: 0.62%
Performance (1-mo.): 0.09% Total Assets: $421.43M
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Prudential Core Short-Term Bond Fund (None)

Performance (1-yr.): 2.10% Expenses: 0.03%
Performance (1-mo.): 0.10% Total Assets: $3.63B
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Putnam Short Duration Income Fund (PSDTX)

Performance (1-yr.): 0.93% Expenses: 0.40%
Performance (1-mo.): 0.04% Total Assets: $1.95B
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Top Performing Ultrashort Bond Funds As of 07.03.2014

Palmer Square Income Plus Fund (PSYPX)

Total Return: 0.31%

DWS Ultra Short Duration Fund (SDUAX)

Total Return: 0.29%

Asset Management Fund Ultra Short Mortgage Fund (ASARX)

Total Return: 0.24%

DWS Ultra Short Duration Fund (SDUAX)

Total Return: 3.91%

Asset Management Fund Ultra Short Fund (AULTX)

Total Return: 3.73%

Asset Management Fund Ultra Short Mortgage Fund (ASARX)

Total Return: 3.03%

Prudential Core Short-Term Bond Fund

Total Return: 2.70%

DWS Ultra Short Duration Fund (SDUAX)

Total Return: 2.60%

Metropolitan West Ultra Short Bond Fund (MWUSX)

Total Return: 2.11%

* Annualized