Ultrashort Bond Funds
Ultrashort-bond portfolios invest primarily in investment-grade U.S. fixed-income issues and have durations typically of less than one year. This category can include corporate or government ultrashort bond portfolios, but it excludes international, convertible, multisector, and high-yield bond portfolios. Because of their focus on bonds with very short durations, these portfolios offer minimal interest-rate sensitivity and therefore low risk and total return potential. Morningstar calculates monthly breakpoints using the effective duration of the Morningstar Core Bond Index in determining duration assignment. Ultrashort is defined as 25% of the three-year average effective duration of the MCBI.
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Name
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Ticker
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Morningstar Category
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Fund Size
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TTM Yield
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Total Return Rank in Category
3 Year
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Total Return Rank in Category
5 Year
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Total Return Rank in Category
10 Year
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Adjusted Expense Ratio
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Minimum Initial Investment
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Share Class Type
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Investment Status
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| Vanguard Ultra-Short-Term Bond Investor | VUBFX | Ultrashort Bond | 12.49 Bil | 4.77% | 80 | 69 | — | 0.200% | $3,000 | No Load | Open |
| Morgan Stanley Instl Ultr-Shrt Inc A | MUAIX | Ultrashort Bond | 11.15 Bil | 5.00% | 17 | 60 | — | 0.400% | $1,000 | No Load | Open |
| Lord Abbett Ultra Short Bond F3 | LUBOX | Ultrashort Bond | 10.00 Bil | 5.01% | 36 | 45 | — | 0.230% | — | No Load | Open |
| Lord Abbett Ultra Short Bond F | LUBFX | Ultrashort Bond | 10.00 Bil | 4.86% | 50 | 61 | — | 0.380% | — | No Load | Open |
| Lord Abbett Ultra Short Bond A | LUBAX | Ultrashort Bond | 10.00 Bil | 4.81% | 45 | 62 | — | 0.430% | $1,500 | No Load | Open |
| Fidelity SAI Low Duration Income | FZOLX | Ultrashort Bond | 7.69 Bil | 4.36% | 37 | — | — | 0.200% | — | No Load | Open |
| BBH Limited Duration N | BBBMX | Ultrashort Bond | 7.28 Bil | 4.20% | 17 | 5 | 7 | 0.350% | $5,000 | No Load | Open |
| Baird Ultra Short Bond Investor | BUBSX | Ultrashort Bond | 6.30 Bil | 4.93% | 50 | 46 | 60 | 0.400% | $2,500 | No Load | Open |
| Fidelity Conservative Income Bond | FCNVX | Ultrashort Bond | 6.12 Bil | 5.23% | 25 | 37 | 49 | 0.250% | — | No Load | Open |
| Pioneer Multi-Asset Ultrashort Income A | MAFRX | Ultrashort Bond | 5.57 Bil | 5.61% | 7 | 16 | 23 | 0.600% | $1,000 | No Load | Open |
| Strategic Advisers Short Duration | FAUDX | Ultrashort Bond | 4.58 Bil | 4.54% | 81 | 57 | 48 | 0.240% | — | No Load | Open |
| Federated Hermes Ultrashort Bond A | FULAX | Ultrashort Bond | 2.90 Bil | 3.54% | 82 | 65 | 65 | 0.520% | $1,500 | No Load | Open |
| Northern Tax-Advantaged U/S Fxd Inc | NTAUX | Ultrashort Bond | 2.45 Bil | 2.81% | 90 | 89 | 87 | 0.250% | $2,500 | No Load | Open |
| PIMCO Short Asset Investment A | PAIAX | Ultrashort Bond | 2.42 Bil | 4.99% | 67 | 81 | 64 | 0.700% | $1,000 | No Load | Open |
| T. Rowe Price Ultra Short-Term Bond | TRBUX | Ultrashort Bond | 2.25 Bil | 4.19% | 50 | 16 | 16 | 0.310% | $2,500 | No Load | Open |
| Goldman Sachs Short-Term Cnsrv Inc A | GPAPX | Ultrashort Bond | 1.95 Bil | 4.69% | 37 | 53 | — | 0.480% | $1,000 | No Load | Open |
| Goldman Sachs Short-Term Cnsrv Inc Inv | GPPOX | Ultrashort Bond | 1.95 Bil | 4.82% | 27 | 34 | — | 0.330% | — | No Load | Open |
| Goldman Sachs Short-Term Cnsrv Inc P | GMBPX | Ultrashort Bond | 1.95 Bil | 4.91% | 20 | 24 | — | 0.240% | — | No Load | Open |
| Payden Limited Maturity Adviser | PYLBX | Ultrashort Bond | 1.91 Bil | — | — | — | — | 0.550% | $5,000 | No Load | Open |
| Invesco Conservative Income A | ICIVX | Ultrashort Bond | 1.79 Bil | 4.93% | 67 | 64 | — | 0.400% | $1,000 | No Load | Open |
| Northern Ultra-Short Fixed Income | NUSFX | Ultrashort Bond | 1.65 Bil | 3.94% | 70 | 39 | 41 | 0.250% | $2,500 | No Load | Open |
| Northern Ultra-Short Fixed Inc Sb Wl Sk | SWSFX | Ultrashort Bond | 1.65 Bil | 3.94% | — | — | — | 0.250% | $2,500 | No Load | Open |
| Fidelity Series Treasury Bill Index | FHQFX | Ultrashort Bond | 1.33 Bil | 5.36% | 29 | 57 | — | — | — | No Load | Open |
| BlackRock Short Obligations Investor A | BASOX | Ultrashort Bond | 1.19 Bil | 4.61% | 69 | 75 | — | 0.600% | $1,000 | No Load | Open |
| Allspring Ultra Short-Term Income A2 | WUSNX | Ultrashort Bond | 1.19 Bil | 3.32% | 53 | — | — | 0.410% | $1,000 | No Load | Open |
| Federated Hermes Govt Ultrashort A | FGUAX | Ultrashort Bond | 1.08 Bil | 4.97% | 71 | 81 | 89 | 0.410% | $1,500 | No Load | Open |
| Columbia Ultra Short Term Bond A | CUSOX | Ultrashort Bond | 1.04 Bil | 4.05% | 24 | 28 | — | 0.460% | $2,000 | No Load | Open |
| Columbia Ultra Short Term Bond Adv | CUSHX | Ultrashort Bond | 1.04 Bil | 4.19% | 20 | 16 | — | 0.310% | $2,000 | No Load | Open |
| Calvert Ultra-Short Duration Income A | CULAX | Ultrashort Bond | 744.27 Mil | 4.44% | 53 | 69 | 58 | 0.720% | $1,000 | No Load | Open |
| Six Circles Tax Aware Ult Shr Dur | CUTAX | Ultrashort Bond | 717.15 Mil | 3.24% | 92 | 91 | — | 0.150% | — | No Load | Open |
| Six Circles Ultra Short Duration | CUSDX | Ultrashort Bond | 626.48 Mil | 4.54% | 61 | 42 | — | 0.190% | — | No Load | Open |
| Goldman Sachs Enhanced Income Service | GESVX | Ultrashort Bond | 515.27 Mil | 2.84% | — | — | — | 0.850% | — | No Load | Open |
| Goldman Sachs Enhanced Income Inv | GHIRX | Ultrashort Bond | 515.27 Mil | 3.21% | 81 | 63 | 61 | 0.430% | — | No Load | Open |
| Goldman Sachs Enhanced Income A | GEIAX | Ultrashort Bond | 515.27 Mil | 3.06% | 85 | 76 | 71 | 0.580% | $1,000 | No Load | Open |
| Goldman Sachs Enhanced Income P | GAEPX | Ultrashort Bond | 515.27 Mil | 3.29% | 82 | 54 | — | 0.340% | — | No Load | Open |
| Goldman Sachs Enhanced Income Admin | GEADX | Ultrashort Bond | 515.27 Mil | 3.05% | 88 | 81 | 72 | 0.600% | — | No Load | Open |
| Touchstone Ultra Short Dur F/I Z | TSDOX | Ultrashort Bond | 510.42 Mil | 4.16% | 42 | 48 | 50 | 0.650% | $2,500 | No Load | Open |
| Touchstone Ultra Short Dur F/I Y | TSYYX | Ultrashort Bond | 510.42 Mil | 4.39% | 23 | 20 | 23 | 0.400% | $2,500 | No Load | Open |
| Guggenheim Ultra Short Duration A | GIYAX | Ultrashort Bond | 504.65 Mil | 4.72% | 26 | 35 | — | 0.580% | $2,500 | No Load | Open |
| Angel Oak UltraShort Income A | AOUAX | Ultrashort Bond | 446.49 Mil | 4.57% | 84 | 76 | — | 0.600% | $1,000 | No Load | Open |
| Western Asset Ultra-Short Income A | ARMZX | Ultrashort Bond | 445.98 Mil | 3.25% | 55 | 44 | 12 | 0.650% | $1,000 | No Load | Open |
| Fidelity Flex Conservative Income Bd | FJTDX | Ultrashort Bond | 405.56 Mil | 5.41% | 14 | 16 | — | — | — | No Load | Open |
| UBS Ultra Short Income P | USIPX | Ultrashort Bond | 389.52 Mil | 4.80% | 64 | 75 | — | 0.250% | $1,000 | No Load | Open |
| UBS Ultra Short Income A | USIAX | Ultrashort Bond | 389.52 Mil | 4.71% | 75 | 83 | — | 0.350% | $1,000 | No Load | Open |
| Morgan Stanley Pathway Ultra-S/T F/I | TSDUX | Ultrashort Bond | 321.50 Mil | 3.57% | 35 | 28 | — | 0.520% | $1,000 | No Load | Open |
| Medlst Shrt Dur Inv | SEMRX | Ultrashort Bond | 306.44 Mil | 6.19% | 12 | 31 | 11 | 0.860% | $2,500 | No Load | Open |
| Victory Ultra Short-Term Bond Class A | USBAX | Ultrashort Bond | 289.71 Mil | 4.84% | 67 | — | — | 0.920% | $2,500 | No Load | Open |
| Victory Ultra Short-Term Bond | UUSTX | Ultrashort Bond | 289.71 Mil | 5.12% | 47 | 10 | 20 | 0.650% | $3,000 | No Load | Open |
| Virtus Seix US Govt Secs Ultr-Shrt Bd A | SSAGX | Ultrashort Bond | 260.73 Mil | 4.22% | 87 | 88 | — | 0.650% | $2,500 | No Load | Open |
| PIA Short Term Securities Adv | PIASX | Ultrashort Bond | 145.17 Mil | 4.29% | 86 | 82 | 69 | 0.390% | $1,000 | No Load | Open |
Ultrashort Bond Funds - Default List Criteria
This list is limited to US mutual funds that are primarily used by individual or retail investors.