4 / 5 Stars
Zacks Investment Research
5 (Strong Sell)
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 0.64 percent over the past year, 0.89 percent over the past three years, 1.36 percent over the past five years, and 2.79 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||0.5%|
|3 Years (Annualized)||0.9%|
|5 Years (Annualized)||1.4%|
|10 Years (Annualized)||2.8%|
The investment seeks high current income consistent with preserving capital and maintaining liquidity. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in short duration U.S. Treasury securities, U.S. agency securities, U.S. agency mortgage-backed securities, repurchase agreements, other U.S. government securities and shares of registered money market mutual funds that invest in the foregoing. It expects to maintain an average effective duration between 3 months and 1 year. Individual purchases will generally be limited to securities with an effective duration of less than 5 years.
Fees are Low compared to funds in the same category.
RidgeWorth US Government Securities Ultra Short Bond Fund has an expense ratio of 0.38 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.