3 / 5 Stars
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
2 / 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 0.97 percent over the past year, 1.11 percent over the past three years, 1.45 percent over the past five years, and 2.18 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||0.6%|
|3 Years (Annualized)||1.1%|
|5 Years (Annualized)||1.4%|
|10 Years (Annualized)||2.2%|
The investment seeks maximum total return consistent with the preservation of capital. The fund normally invests at least 80% of assets in debt securities. It invests in a diversified portfolio of securities of different maturities including U.S. Treasury securities, U.S. government agency securities, securities of U.S. government-sponsored enterprises, corporate bonds, mortgage-backed securities, commercial mortgage-backed securities, asset-backed securities and municipal bonds and cash equivalent securities including repurchase agreements and commercial paper.
Fees are Low compared to funds in the same category.
Touchstone Ultra Short Duration Fixed Income Fund has an expense ratio of 0.69 percent.
Risk is Average compared to funds in the same category according to Morningstar.