2 / 5 Stars
Zacks Investment Research
Standard & Poor's
2 / 5 Stars
U.S. News evaluated 53 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 -0.50 percent over the past year, -0.12 percent over the past three years, 0.17 percent over the past five years, and 1.55 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-0.1%|
|3 Years (Annualized)||-0.1%|
|5 Years (Annualized)||0.2%|
|10 Years (Annualized)||1.5%|
The investment seeks current income. The fund invests in a portfolio of U.S. government securities and U.S. government agency securities (including mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises (GSEs)) with an overall dollar-weighted average duration of one year or less. It implements this strategy by dividing its portfolio into two major components. The fund invests one component in U.S. government securities that are eligible for purchase by money market funds. It invests the other component in mortgage-backed securities issued or guaranteed by GSEs.
Fees are High compared to funds in the same category.
Federated Government Ultra Short Duration Fund has an expense ratio of 0.70 percent.
Risk is Low compared to funds in the same category according to Morningstar.