4 / 5 Stars
4 4 5 4 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#21 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 0.91 percent over the past year, 2.54 percent over the past three years, 6.18 percent over the past five years, and 4.11 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||0.8%|
|3 Years (Annualized)||2.5%|
|5 Years (Annualized)||6.2%|
|10 Years (Annualized)||4.1%|
The investment seeks high current income consistent with the preservation of principal. The fund invests at least 80% of its investable assets in bonds of corporations with varying maturities. The effective duration of the fund's portfolio will generally be less than three years. It may invest in mortgage-related securities and asset-backed securities. Up to 35% of the fund's investable assets may be invested in dollar-denominated obligations issued in the U.S. by foreign corporations and governments. The fund may invest up to 20% of the fund's investable assets in below investment-grade debt obligations.
Fees are Low compared to funds in the same category.
Prudential Short-Term Corporate Bond has an expense ratio of 0.78 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.