2 / 5 Stars
1 1 5 2 3
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#10 in Ultrashort Bond
U.S. News evaluated 50 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 -1.64 percent over the past year, -0.72 percent over the past three years, 0.54 percent over the past five years, and 2.03 percent over the past decade.
|Trailing Returns||Updated 11.30.2013|
|Year to date||-1.4%|
|3 Years (Annualized)||-0.7%|
|5 Years (Annualized)||0.5%|
|10 Years (Annualized)||2.0%|
The investment seeks a high level of income. The fund's portfolio will have a dollar-weighted average effective maturity of no more than 3 years and at least 80% of the fund's assets (defined as net assets plus the amount of any borrowing for investment purposes) will be invested in U.S. government securities. The adviser ordinarily allocates most of the fund's assets among relatively higher-yielding sectors of the U.S. government securities universe, including: (1) mortgage-backed securities, (2) asset-backed securities (including auction rate securities), (3) callable bonds, (4) structured notes, (5) step-up notes and (6) cash equivalents.
Fees are High compared to funds in the same category.
The Core Fund has an expense ratio of 0.73 percent.
Risk is Average compared to funds in the same category according to Morningstar.