3 / 5 Stars
4 4 5 2 1
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#4 in Ultrashort Bond
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 2.15 percent over the past year, 1.65 percent over the past three years, 3.14 percent over the past five years, and 0.35 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||0.1%|
|3 Years (Annualized)||1.7%|
|5 Years (Annualized)||3.1%|
|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 will invest exclusively in investments issued or guaranteed by the U.S. government or issued or guaranteed by U.S. government agencies or instrumentalities and repurchase agreements backed by such investments, including mortgage-backed investments.
Fees are Low compared to funds in the same category.
Asset Management Fund Ultra Short Mortgage Fund has an expense ratio of 0.79 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.