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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.
See all Prudential Investments funds
Performance
The fund has returned 5.70 percent over the past year, 3.37 percent over the past three years, and 2.94 percent over the past five years.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 1.7% |
| 1 Year | 5.7% |
| 3 Years (Annualized) | 3.4% |
| 5 Years (Annualized) | 2.9% |
| 10 Years (Annualized) | N/A |
Summary
The investment seeks income consistent with relative stability of principal. The fund normally invests at least 80% of its investable assets in money market obligations, bonds and other fixed income debt obligations such as U.S. government securities (U.S. Treasury bills, notes and bonds), mortgage-backed securities, asset-backed securities, foreign securities and other short-term debt obligations. It will invest at least 65% of its total assets in debt obligations with a remaining average life of three years or less. The fund may invest up to 35% of its total assets in debt obligations with remaining maturities in excess of three years.
Fees
Fees are Low compared to funds in the same category.
Prudential Core Short-Term Bond Fund has an expense ratio of 0.03 percent.
Risk
Risk is Above Average compared to funds in the same category according to Morningstar.
