2 / 5 Stars
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
2 / 5 Stars
U.S. News evaluated 48 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 0.69 percent over the past year, 0.31 percent over the past three years, 1.15 percent over the past five years, and 1.88 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||0.2%|
|3 Years (Annualized)||0.3%|
|5 Years (Annualized)||1.1%|
|10 Years (Annualized)||1.9%|
The investment seeks to generate return in excess of traditional money market products while maintaining an emphasis on preservation of capital and liquidity. The fund normally invests primarily in a portfolio of U.S. dollar-denominated fixed income securities, including non-mortgage securities issued or guaranteed by the U.S. government, its agencies, instrumentalities or sponsored enterprises, corporate notes, commercial paper and fixed and floating rate asset-backed securities and foreign securities. Its target duration range under normal interest rate conditions is 9 months plus or minus 1 year.
Fees are Low compared to funds in the same category.
Goldman Sachs Enhanced Income Fund has an expense ratio of 0.64 percent.
Risk is Average compared to funds in the same category according to Morningstar.