Federated Ultra Short Bond Fund

Scorecard
3 / 5 Stars
Lipper
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Zacks Investment Research
4 (Sell)
Standard & Poor's
3 / 5 Stars
TheStreet.com
C- (Hold)

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.

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Performance

The fund has returned 0.13 percent over the past year, 1.03 percent over the past three years, 2.74 percent over the past five years, and 2.05 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 0.2%
1 Year 0.1%
3 Years (Annualized) 1.0%
5 Years (Annualized) 2.7%
10 Years (Annualized) 2.1%

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Summary

The investment seeks to provide total return consistent with current income. The fund invests primarily, that is more than 50%, in investment-grade, fixed-income securities, but may invest up to 35% of its assets in noninvestment-grade, fixed-income securities. Its dollar-weighted average effective maturity is expected to be 18 months or less. The fund may invest in hybrid instruments and derivative contracts. It may also invest in government securities that are supported by the full faith and credit of the U.S. government, such as those issued by the Government National Mortgage Association.

Fees

Fees are Low compared to funds in the same category.
Federated Ultra Short Bond Fund has an expense ratio of 0.90 percent.

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Risk

Risk is Above Average compared to funds in the same category according to Morningstar.

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