3 / 5 Stars
4 4 5 3 2
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#32 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 1.56 percent over the past year, 2.11 percent over the past three years, 4.17 percent over the past five years, and 2.98 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||1.3%|
|3 Years (Annualized)||2.1%|
|5 Years (Annualized)||4.2%|
|10 Years (Annualized)||3.0%|
The investment seeks to provide investors with current income while maintaining a high degree of principal stability. The fund primarily invests at least 80% of net assets in bonds. It invests primarily in debt securities rated investment grade. Under normal market conditions the fund attempts to maintain a weighted average effective maturity and an average effective duration for its portfolio securities of one to three years. It may invest up to 35% of its total assets in debt obligations of foreign corporations and foreign governments. Up to 20% of the fund's total assets may be invested in securities rated lower than investment grade.
Fees are Low compared to funds in the same category.
Nuveen Short Term Bond Fund has an expense ratio of 0.71 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.