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Lipper
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Zacks Investment Research
4
(Sell)
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Standard & Poor's
3 / 5 Stars
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TheStreet.com
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U.S. News evaluated 49 Ultrashort Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Performance
The fund has returned 2.37 percent over the past year.
| Trailing Returns | Updated 05.31.2013 |
|---|---|
| Year to date | 0.7% |
| 1 Year | 2.4% |
| 3 Years (Annualized) | N/A |
| 5 Years (Annualized) | N/A |
| 10 Years (Annualized) | N/A |
Summary
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
Fees are Average compared to funds in the same category.
USAA Ultra Short-Term Bond Fund has an expense ratio of 0.58 percent.
Risk
Risk is N/A compared to funds in the same category according to Morningstar.
