4 / 5 Stars
3 3 5 5 2
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
4 / 5 Stars
#4 in Ultrashort Bond
U.S. News evaluated 57 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 1.29 percent over the past year, 2.11 percent over the past three years, 6.04 percent over the past five years, and 1.79 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||0.4%|
|3 Years (Annualized)||2.1%|
|5 Years (Annualized)||6.0%|
|10 Years (Annualized)||1.8%|
The investment seeks to maximize current income, consistent with preservation of capital. The fund normally invests at least 90% of its net assets in investment grade fixed income securities or unrated securities that are determined by the Adviser to be of similar quality. Up to 10% of the fund's net assets may be invested in securities rated below investment grade. The portfolio duration is up to one year and the dollar-weighted average maturity normally exceeds one year. The fund invests in the U.S. and abroad, including emerging markets, and may purchase securities of varying maturities issued by domestic and foreign corporations and governments.
Fees are Low compared to funds in the same category.
Metropolitan West Ultra Short Bond Fund has an expense ratio of 0.50 percent.
Risk is High compared to funds in the same category according to Morningstar.