1 / 5 Stars
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Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#66 in Short-Term Bond
U.S. News evaluated 122 Short-Term Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 0.65 percent over the past year, 1.15 percent over the past three years, 2.12 percent over the past five years, and 2.23 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||0.8%|
|3 Years (Annualized)||1.2%|
|5 Years (Annualized)||2.1%|
|10 Years (Annualized)||2.2%|
The investment seeks as high a level of current income as is consistent with liquidity and safety of principal by investing primarily in investment-grade bonds with maturities of 1-3 years. Under normal market conditions, the fund intends to invest at least 80% of its net assets, plus borrowings for investment purposes, in fixed income securities and maintain an average dollar weighted duration between 1 and 3 years. It may invest more than 25% of its total assets in the banking and finance industry. The fund may invest more than 25% of its total assets in the Banking and Finance industry. It is non-diversified.
Fees are Low compared to funds in the same category.
American Independence Boyd Watterson Short-Term Enhanced Bond Fund has an expense ratio of 0.70 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.