2 / 5 Stars
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Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#81 in Short-Term Bond
U.S. News evaluated 120 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 -0.64 percent over the past year, 1.64 percent over the past three years, -1.33 percent over the past five years, and -3.56 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.9%|
|3 Years (Annualized)||1.6%|
|5 Years (Annualized)||-1.3%|
|10 Years (Annualized)||-3.6%|
The investment seeks to achieve as high a level of current income as is consistent with the preservation of capital, the maintenance of liquidity and the differing average maturity of investments held by the fund. The fund normally invests at least 80% of its net assets in mortgage investments and mortgage- related instruments. It invests primarily in mortgage-related investments paying fixed or variable rates of interest. The fund may also invest in mortgage-related investment s of non-governmental or private issuers. It seeks to maintain a minimum duration of a 2-Year U.S. Treasury Note, and a maximum duration of a 4-Year U.S. Treasury Note.
Fees are Below Average compared to funds in the same category.
Asset Management Fund Intermediate Mortgage Fund has an expense ratio of 0.75 percent.
Risk is High compared to funds in the same category according to Morningstar.