4 / 5 Stars
5 5 3 3 1
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#34 in Short-Term Bond
U.S. News evaluated 111 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 5.82 percent over the past year, 3.74 percent over the past three years, and 4.28 percent over the past five years.
|Trailing Returns||Updated 04.30.2013|
|Year to date||2.0%|
|3 Years (Annualized)||3.7%|
|5 Years (Annualized)||4.3%|
|10 Years (Annualized)||N/A|
The investment seeks to deliver a high level of current income; with a secondary objective of capital appreciation. The fund will invest at least 80% of its assets in fixed income securities. It may invest up to 30% of its assets in lower-quality, high yield bonds rated B or higher. The fund may invest up to 20% of its assets, determined at the time of investment, in foreign fixed income securities denominated in foreign currencies. Foreign fixed income securities may be investment grade, below investment grade or unrated. It may use options and credit default swaps to manage investment risk and liquidity.
Fees are Low compared to funds in the same category.
Leader Short Term Bond Fund has an expense ratio of 1.47 percent.
Risk is High compared to funds in the same category according to Morningstar.