2 / 5 Stars
Zacks Investment Research
Standard & Poor's
5 / 5 Stars
U.S. News evaluated 122 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, and 1.36 percent over the past three years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||0.3%|
|3 Years (Annualized)||1.4%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks to provide 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. Under normal circumstances, the Ultra Short Duration Bond 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. The primary derivatives used by the fund are futures contracts, options, interest rate swaps and credit default swaps. In addition, the fund may invest in futures contracts, options, swaps and other similar instruments.
Fees are Low compared to funds in the same category.
SEI Institutional Investments Trust Ultra Short Duration Bond Fund has an expense ratio of 0.12 percent.
Risk is Low compared to funds in the same category according to Morningstar.