2 / 5 Stars
Zacks Investment Research
1 (Strong Buy)
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 0.12 percent over the past year, 0.06 percent over the past three years, 0.64 percent over the past five years, and 1.53 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.0%|
|3 Years (Annualized)||0.1%|
|5 Years (Annualized)||0.6%|
|10 Years (Annualized)||1.5%|
The investment seeks to provide a high level of current income, consistent with low volatility of principal. The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes in high quality floating rate or variable rate obligations. It may invest in obligations of foreign issuers, although 100% of the fund's portfolio will be invested in U.S. dollar denominated securities. The fund's target duration range under normal interest rate conditions is that of the BofA ML Three Month U.S. Treasury Bill Index, plus or minus 1 year, and the duration of this index is typically approximately three months.
Fees are High compared to funds in the same category.
Goldman Sachs High Quality Floating Rate Fund has an expense ratio of 0.74 percent.
Risk is Average compared to funds in the same category according to Morningstar.