M.D. Sass 1-3 Year Duration U.S. Agency Bond Fund

U.S. News evaluated 51 Short Government 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

The fund has returned 0.31 percent over the past year.

Trailing Returns Updated 02.28.2014
Year to date 0.8%
1 Year 0.3%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks to achieve a high and stable rate of total return, when and as opportunities are available in the context of preserving capital in adverse markets. The fund invests at least 95% of its assets in U.S. government and agency mortgage-backed securities ("MBS") and other securities issued or guaranteed by the U.S. government, its agencies or instrumentalities (including Ginnie Mae, Fannie Mae and Freddie Mac), and collateralized mortgage obligations ("CMOs"), backed by U.S. government and agency MBS. Under normal market conditions, the target dollar-weighted average effective duration for the fund is expected to range between 1 and 3 years.

Fees

Fees are Low compared to funds in the same category.
M.D. Sass 1-3 Year Duration U.S. Agency Bond Fund has an expense ratio of 0.59 percent.

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Risk

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

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