3 / 5 Stars
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
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 0.43 percent over the past year, and 0.62 percent over the past three years.
|Trailing Returns||Updated 06.30.2014|
|Year to date||0.2%|
|3 Years (Annualized)||0.6%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks income. The fund normally invests in short-term, fixed and floating rate, U.S. dollar denominated, investment-grade debt securities with an effective or final maturity of not more than three years. Its investments mainly include: corporate bonds, asset-backed securities, and money market instruments such as commercial paper, certificates of deposit, time deposits and bank notes. The fund will invest more than 25% of its total assets in securities of issuers in the banking industry and in the financial services group of industries.
Fees are Low compared to funds in the same category.
Oppenheimer Ultra-Short Duration Fund has an expense ratio of 0.38 percent.
Risk is Low compared to funds in the same category according to Morningstar.