4 / 5 Stars
Zacks Investment Research
Standard & Poor's
5 / 5 Stars
U.S. News evaluated 53 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 1.29 percent over the past year, and 2.01 percent over the past three years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.2%|
|3 Years (Annualized)||2.0%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks to provide high current income consistent with preservation of principal. The fund normally invests at least 80% of the fund's assets in investment-grade debt securities that have a dollar-weighted average portfolio maturity of 18 months or less. These securities will consist primarily of U.S. dollar-denominated debt securities that may include, but are not limited to, obligations of U.S., state, and local governments, their agencies and instrumentalities; mortgage- and asset-backed securities; corporate debt securities; repurchase agreements; and other securities believed to have debt-like characteristics, including synthetic securities.
Fees are High compared to funds in the same category.
USAA Ultra Short-Term Bond Fund has an expense ratio of 0.58 percent.
Risk is Average compared to funds in the same category according to Morningstar.