2 / 5 Stars
3 3 5 2 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#7 in Ultrashort Bond
U.S. News evaluated 50 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 1.82 percent over the past year, 1.48 percent over the past three years, 1.93 percent over the past five years, and 0.39 percent over the past decade.
|Trailing Returns||Updated 11.30.2013|
|Year to date||1.9%|
|3 Years (Annualized)||1.5%|
|5 Years (Annualized)||1.9%|
|10 Years (Annualized)||0.4%|
The investment seeks to achieve as high a level of current income as is consistent with the preservation of capital, the maintenance of liquidity and the differing average maturity of investments held by the fund. The fund normally will invest at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in mortgage investments and mortgage- related instruments. It invests primarily in mortgage-related investments issued by the U.S. government and its agencies. The fund may, but is not required to, use financial contracts for risk management purposes as part of its investment strategies.
Fees are High compared to funds in the same category.
Asset Management Fund Ultra Short Mortgage Fund has an expense ratio of 0.73 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.