3 / 5 Stars
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
4 / 5 Stars
U.S. News evaluated 48 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 1.35 percent over the past year, 1.09 percent over the past three years, 1.35 percent over the past five years, and 1.71 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||0.3%|
|3 Years (Annualized)||1.1%|
|5 Years (Annualized)||1.4%|
|10 Years (Annualized)||1.7%|
The investment seeks a total return that, over time, is greater than returns of money market funds and is consistent with preservation of capital. The fund invests in a wide variety of investment grade debt instruments and income-producing securities payable primarily in U.S. dollars. It invests in debt securities of any maturity, although under normal market conditions the fund's maximum average portfolio maturity (on a dollar-weighted basis) is two and one-half years. The fund is non-diversified.
Fees are Low compared to funds in the same category.
Payden Limited Maturity Fund has an expense ratio of 0.50 percent.
Risk is Average compared to funds in the same category according to Morningstar.