2 / 5 Stars
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 128 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 1.24 percent over the past year, 1.12 percent over the past three years, 2.89 percent over the past five years, and 1.89 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||0.5%|
|3 Years (Annualized)||1.1%|
|5 Years (Annualized)||2.9%|
|10 Years (Annualized)||1.9%|
The investment seeks higher current income than that typically offered by a money market fund while maintaining a high degree of liquidity and a correspondingly higher risk of principal volatility. The fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investment grade U.S. dollar-denominated debt instruments. It may enter into dollar roll transactions with selected banks and broker-dealers and invest in to-be-announced mortgage-backed securities, futures contracts and forward contracts. The fund will primarily use futures contracts for hedging purposes to manage the fund's exposure to interest rate risk.
Fees are Low compared to funds in the same category.
SEI Daily Income Ultra Short Duration Bond Fund has an expense ratio of 0.38 percent.
Risk is Average compared to funds in the same category according to Morningstar.