3 / 5 Stars
1 1 4 3 5
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
2 / 5 Stars
#88 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 -0.92 percent over the past year, 2.33 percent over the past three years, 5.22 percent over the past five years, and 2.70 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-1.0%|
|3 Years (Annualized)||2.3%|
|5 Years (Annualized)||5.2%|
|10 Years (Annualized)||2.7%|
The investment seeks a high level of current income with preservation of capital. The fund normally invests at least 80% of its net assets in a diversified portfolio of bonds and other debt obligations of varying maturities. It makes investment decisions consistent with social-witness principles. The fund invests at least 65% of its net assets in bonds which are rated within the four highest credit rating categories assigned by independent rating agencies. It also may invest up to 40% of net assets in foreign bonds. The fund may invest up to 20% of its net assets in junk bonds. The average dollar-weighted maturity is expected to be approximately nine years.
Fees are Low compared to funds in the same category.
New Covenant Income Fund has an expense ratio of 0.77 percent.
Risk is High compared to funds in the same category according to Morningstar.