3 / 5 Stars
Zacks Investment Research
Standard & Poor's
4 / 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 0.43 percent over the past year, and 0.56 percent over the past three years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||0.2%|
|3 Years (Annualized)||0.6%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks current income while seeking to maintain a low volatility of principal. The fund mainly invests in investment grade, U.S. dollar denominated short-term fixed and floating rate debt securities. It will concentrate its investments in the banking industry. Therefore, under normal conditions, the fund will invest more than 25% of its assets in securities issued by companies in the banking industry. The fund may, however, invest less than 25% of its assets in this industry as a temporary defensive measure.
Fees are Low compared to funds in the same category.
JPMorgan Managed Income Fund has an expense ratio of 0.25 percent.
Risk is Low compared to funds in the same category according to Morningstar.