1 / 5 Stars
1 1 5 3 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#71 in Short-Term Bond
U.S. News evaluated 113 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 0.17 percent over the past year, 0.81 percent over the past three years, 1.88 percent over the past five years, and 2.23 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||0.2%|
|3 Years (Annualized)||0.8%|
|5 Years (Annualized)||1.9%|
|10 Years (Annualized)||2.2%|
The investment seeks as high a level of current income as is consistent with liquidity and safety of principal. The fund normally invests in high quality debt securities rated investment grade or higher at time of purchase. It invests at least 65% of net assets in U.S. dollar-denominated securities. The fund maintains an average dollar weighted maturity between 1 and 3 years. Up to 10% of its net assets in each of the following: (1) international fixed income debt; (2) emerging market fixed income debt; and (3) high-yield securities (also known as "junk bonds"). The fund is non-diversified.
Fees are Low compared to funds in the same category.
American Independence Strategic Income Fund has an expense ratio of 0.70 percent.
Risk is Low compared to funds in the same category according to Morningstar.