2 / 5 Stars
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 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 0.22 percent over the past year, 0.40 percent over the past three years, 0.71 percent over the past five years, and -0.27 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||0.0%|
|3 Years (Annualized)||0.4%|
|5 Years (Annualized)||0.7%|
|10 Years (Annualized)||-0.3%|
The investment seeks to obtain a high level of current income consistent with preservation of capital. The fund normally invests at least 80% of assets in investment-grade debt securities of all types, and repurchase agreements for those securities. It normally invests in U.S. dollar-denominated money market and investment-grade debt securities and repurchase agreements. The fund normally maintains a dollar-weighted average maturity of two years or less and allocates asset across different market sectors and maturities. It invests more than 25% of total assets in the financial services industries.
Fees are Low compared to funds in the same category.
Fidelity Advisor Ultra Short Bond Fund has an expense ratio of 0.65 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.