3 / 5 Stars
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
U.S. News evaluated 55 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 0.63 percent over the past year, 0.86 percent over the past three years, 1.69 percent over the past five years, and 1.66 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||0.2%|
|3 Years (Annualized)||0.9%|
|5 Years (Annualized)||1.7%|
|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 debt instruments and income-producing securities payable primarily in U.S. dollars. It invests at least 90% of its total assets in investment grade debt securities, but may invest up to 10% of its total assets in debt securities rated below investment grade (commonly called "junk bonds"). The overall average credit quality of the fund will remain investment grade. The fund is non-diversified.
Fees are Low compared to funds in the same category.
Payden Limited Maturity Fund has an expense ratio of 0.40 percent.
Risk is Average compared to funds in the same category according to Morningstar.