4 / 5 Stars
1 1 5 4 5
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
#44 in Short-Term Bond
U.S. News evaluated 128 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 1.72 percent over the past year, 1.51 percent over the past three years, 2.58 percent over the past five years, and 3.54 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||1.5%|
|3 Years (Annualized)||1.5%|
|5 Years (Annualized)||2.6%|
|10 Years (Annualized)||3.5%|
The investment seeks to obtain the highest total investment return within the policy limitations of (1) investing in bonds and money market instruments rated A or better, and (2) maintaining a dollar weighted average maturity of ten years or less. The fund invests in a broad range of corporate debt securities, obligations of the U.S. government and its agencies, and money market instruments. It will invest at least 80% of its net assets (including borrowings for investment purposes) in higher quality bond issues and, therefore, intends to maintain an overall portfolio quality rating of A.
Fees are Low compared to funds in the same category.
Madison High Quality Bond Fund has an expense ratio of 0.49 percent.
Risk is Average compared to funds in the same category according to Morningstar.