4 / 5 Stars
Zacks Investment Research
Standard & Poor's
5 / 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 0.77 percent over the past year, and 1.31 percent over the past three years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.2%|
|3 Years (Annualized)||1.3%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks to maximize total return (capital appreciation and income) 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 dollar-weighted average maturity will range between six and eighteen months. It will invest only in securities with effective or final maturities of three years or less. The fund may invest in fixed-income securities of foreign issuers. Its investments in foreign securities will consist only of U.S. dollar-denominated securities.
Fees are Low compared to funds in the same category.
Northern Ultra-Short Fixed Income Fund has an expense ratio of 0.25 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.