3 / 5 Stars
Zacks Investment Research
Standard & Poor's
3 / 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 0.46 percent over the past year, 0.86 percent over the past three years, 2.86 percent over the past five years, and 2.06 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.1%|
|3 Years (Annualized)||0.9%|
|5 Years (Annualized)||2.9%|
|10 Years (Annualized)||2.1%|
The investment seeks current income consistent with capital preservation. The fund invests at least 80% of its net assets in income-producing debt securities. It invests up to 25% of the fund's total assets in U.S. dollar-denominated debt securities of foreign issuers and up to 15% of its total assets in below investment-grade debt securities. The portfolio holdings may include U.S. government obligations, corporate debt securities, bank loans and mortgage- and asset-backed debt securities.
Fees are High compared to funds in the same category.
Wells Fargo Advantage Ultra Short Term Income Fund has an expense ratio of 0.70 percent.
Risk is Average compared to funds in the same category according to Morningstar.