3 / 5 Stars
2 5 4 4
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#29 in Short-Term Bond
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 2.42 percent over the past year, 1.75 percent over the past three years, 2.90 percent over the past five years, and 3.35 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||2.1%|
|3 Years (Annualized)||1.8%|
|5 Years (Annualized)||2.9%|
|10 Years (Annualized)||3.3%|
The investment seeks current income consistent with the preservation of capital. The fund normally invests at least 65% of its total assets in debt securities of all types, including corporate bonds, U.S. government bonds, and variable and floating rate securities. It will have an average maturity of 3 1/2 years to 5 years and a duration of 2 1/2 years to 4 1/2 years. The fund may engage in repurchase transactions, credit default swaps, forward contracts, and may also engage in futures transactions solely for hedging purposes and invest in options on futures. It may also invest in other investment companies.
Fees are Low compared to funds in the same category.
Wasatch-1st Source Income Fund has an expense ratio of 0.71 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.