3 / 5 Stars
5 5 5 1 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
#23 in Short-Term Bond
U.S. News evaluated 120 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 1.39 percent over the past year, 2.40 percent over the past three years, and 4.54 percent over the past five years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.2%|
|3 Years (Annualized)||2.4%|
|5 Years (Annualized)||4.5%|
|10 Years (Annualized)||N/A|
The investment seeks to achieve a high level of current income. Normally, at least 80% of the fund's net assets (plus the amount of borrowings, if any, for investment purposes) are invested in debt securities that are rated investment grade at the time of purchase or cash and cash equivalents. The fund may invest up to 20% of its net assets in below investment grade debt securities (known as "junk bonds") including securities that are in default. It will normally maintain a dollar-weighted average portfolio maturity of no more than 3 years.
Fees are High compared to funds in the same category.
Pioneer Short Term Income Fund has an expense ratio of 0.88 percent.
Risk is Average compared to funds in the same category according to Morningstar.