4 / 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 1.27 percent over the past year, 1.10 percent over the past three years, 1.81 percent over the past five years, and 2.61 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||0.5%|
|3 Years (Annualized)||1.1%|
|5 Years (Annualized)||1.8%|
|10 Years (Annualized)||2.6%|
The investment seeks high current income consistent with preserving capital and maintaining liquidity. The fund normally invests at least 80% of its net assets in short duration, investment grade money market and fixed income securities including, but not limited to, U.S. Treasury and agency securities, obligations of supranational entities and foreign governments, domestic and foreign-corporate debt obligations, taxable-municipal debt securities, mortgage-backed and asset-backed securities, repurchase agreements, and other mutual funds. It normally expects to maintain an average effective duration between 3 months and 1 year.
Fees are Low compared to funds in the same category.
RidgeWorth Ultra Short Bond Fund has an expense ratio of 0.35 percent.
Risk is Average compared to funds in the same category according to Morningstar.