4 / 5 Stars
5 4 5 5 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
#5 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 2.17 percent over the past year, 3.61 percent over the past three years, 5.75 percent over the past five years, and 3.40 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||1.8%|
|3 Years (Annualized)||3.6%|
|5 Years (Annualized)||5.7%|
|10 Years (Annualized)||3.4%|
The investment seeks to maximize current income, consistent with preservation of capital. The fund pursues its objective by investing, under normal circumstances, at least 70% of its net assets in highly rated fixed income securities or unrated securities that are determined by the Adviser to be of similar quality. Up to 30% of the fund's net assets may be invested in securities rated below highly rated securities but not more than 20% may be below investment grade. Under normal conditions, the portfolio duration is up to three years and the dollar-weighted average maturity ranges from one to five years.
Fees are Low compared to funds in the same category.
Metropolitan West Low Duration Bond Fund has an expense ratio of 0.57 percent.
Risk is High compared to funds in the same category according to Morningstar.