2 / 5 Stars
Zacks Investment Research
Standard & Poor's
3 / 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 -0.02 percent over the past year, 0.11 percent over the past three years, 0.60 percent over the past five years, and 1.97 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.0%|
|3 Years (Annualized)||0.1%|
|5 Years (Annualized)||0.6%|
|10 Years (Annualized)||2.0%|
The investment seeks to provide high current income while preserving capital. The fund primarily invests in a diversified portfolio of investment grade securities such as U.S. government securities, corporate bonds, asset-backed securities and mortgage-backed securities. The dollar-weighted average maturity of its portfolio is normally expected to be less than 18 months, but may vary outside that range from time to time, including due to market conditions or if deemed appropriate for temporary defensive purposes. Under normal circumstances, at least 80% of the fund's net assets plus any borrowings for investment purposes will be invested in debt securities.
Fees are High compared to funds in the same category.
PNC Ultra Short Bond has an expense ratio of 0.62 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.