3 / 5 Stars
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
5 / 5 Stars
U.S. News evaluated 50 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 0.73 percent over the past year, and 0.98 percent over the past three years.
|Trailing Returns||Updated 10.31.2013|
|Year to date||0.7%|
|3 Years (Annualized)||1.0%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks to maximize total return (capital appreciation and income), adjusted for the federal maximum tax rate, to the extent consistent with preservation of principal. The fund invests primarily (and not less than 80% of its net assets) in fixed-income securities. It invests in investment grade domestic debt obligations. The fund's average portfolio quality is expected to be "A" or better. Its dollar-weighted average maturity will range between six and eighteen months. The fund will invest only in securities with a duration of three years or less. It may invest in fixed-income securities of foreign issuers.
Fees are Low compared to funds in the same category.
Northern Tax-Advantaged U-S Fixed Income has an expense ratio of 0.20 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.