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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|---|---|---|---|---|---|---|---|---|---|---|---|
| Sit Quality Income | SQIFX | Ultrashort Bond | 133.11 Mil | 4.08% | 93 | 80 | 76 | 0.810% | $5,000 | No Load | Open |
| Allspring Conservative Income A2 | WCIAX | Ultrashort Bond | 127.40 Mil | 5.04% | 75 | — | — | 0.400% | $1,000 | No Load | Open |
| RBC BlueBay Ultra-Short Fixed Income A | RULFX | Ultrashort Bond | 54.22 Mil | 4.44% | 32 | 13 | 10 | 0.380% | $1,000 | No Load | Open |
| Metropolitan West Ultra Short Bond M | MWUSX | Ultrashort Bond | 49.97 Mil | 4.35% | 94 | 93 | 89 | 0.510% | $5,000 | No Load | Open |
| Aristotle Ultra Short Income A | PLUAX | Ultrashort Bond | 47.72 Mil | 5.10% | — | — | — | 0.570% | $1,000 | No Load | Open |
| Lazard US Short Duration Fixed Inc Open | UMNOX | Ultrashort Bond | 34.21 Mil | 3.55% | 100 | 97 | 95 | 0.650% | $2,500 | No Load | Open |
| Transamerica UltraShort Bond A | TUSBX | Ultrashort Bond | 33.81 Mil | 4.80% | — | — | — | 0.690% | $1,000 | No Load | Open |
| US Global Invs US Govt Ultra-Shrt Bd | UGSDX | Ultrashort Bond | 29.68 Mil | 3.92% | 97 | 98 | 96 | 1.170% | $5,000 | No Load | Open |
| Sterling Capital Ultra Short Bond A | BUSRX | Ultrashort Bond | 27.81 Mil | 4.33% | 63 | 44 | 61 | 0.680% | $1,000 | No Load | Open |
| Fidelity Sustainable Low Duration Bond | FAPGX | Ultrashort Bond | 27.32 Mil | 3.68% | — | — | — | 0.250% | — | No Load | Open |
| Fidelity SAI Sustainable Low Dur Inc Fd | FAPFX | Ultrashort Bond | 24.42 Mil | 2.92% | — | — | — | 0.200% | — | No Load | Open |
| Lord Abbett Investment Grade Fltng Rt F | LGRFX | Ultrashort Bond | 13.24 Mil | — | — | — | — | 0.350% | — | No Load | Open |
| Lord Abbett Investment Grade Fltng Rt F3 | IGRNX | Ultrashort Bond | 13.24 Mil | — | — | — | — | 0.280% | — | No Load | Open |
| WisdomTree Floating Rate Trsy Dgtl N/A | FLTTX | Ultrashort Bond | 1.59 Mil | 4.91% | — | — | — | 0.050% | $25 | No Load | Open |
| Tactical Multi-Purpose | TMPFX | Ultrashort Bond | 26,022.00 | 3.84% | 87 | 97 | — | 1.140% | — | 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.