USAA Ultra Short-Term Bond Fund

Scorecard
4 / 5 Stars
Lipper
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Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
4 / 5 Stars
TheStreet.com
B (Buy)

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.

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Performance

The fund has returned 1.85 percent over the past year, and 1.87 percent over the past three years.

Trailing Returns Updated 06.30.2014
Year to date 0.9%
1 Year 1.8%
3 Years (Annualized) 1.9%
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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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 Low compared to funds in the same category.
USAA Ultra Short-Term Bond Fund has an expense ratio of 0.58 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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