2 / 5 Stars
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
2 / 5 Stars
U.S. News evaluated 55 Ultrashort 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 2.72 percent over the past year, 1.53 percent over the past three years, 0.59 percent over the past five years, and -2.77 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||0.1%|
|3 Years (Annualized)||1.5%|
|5 Years (Annualized)||0.6%|
|10 Years (Annualized)||-2.8%|
The investment seeks to achieve current income with a very low degree of share-price fluctuation. The fund invests primarily in fixed income securities comprised of short duration, investment grade money market instruments and other fixed income securities. It may, but is not required to, use financial contracts for risk management purposes as part of its investment strategies. The fund may invest up to 10% of its assets in other investment companies that invest in the types of securities in which the fund may invest.
Fees are Low compared to funds in the same category.
Asset Management Fund Ultra Short Fund has an expense ratio of 0.93 percent.
Risk is High compared to funds in the same category according to Morningstar.