2 / 5 Stars
3 3 5 2 4
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
#81 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 0.04 percent over the past year, 0.73 percent over the past three years, 1.35 percent over the past five years, and 2.30 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||0.3%|
|3 Years (Annualized)||0.7%|
|5 Years (Annualized)||1.4%|
|10 Years (Annualized)||2.3%|
The investment seeks total return. The fund normally invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in an actively managed, diversified portfolio of debt securities, including securities with special features (e.g., puts and variable or floating rates) which have price volatility characteristics similar to debt securities. It invests in investment grade securities. Normally, the fund will have a dollar-weighted average maturity of three years or less. It may also invest in derivatives such as futures and options to try to enhance returns or reduce the risk of loss by hedging certain of its holdings.
Fees are Low compared to funds in the same category.
Mainstay Short Term Bond Fund has an expense ratio of 0.88 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.