Ultrashort Bond Medalist Funds
Ultrashort bond portfolios invest primarily in high-quality US bonds that mature within one year. Portfolios typically focus on corporate and government bonds. Due to their short-term nature, the bonds typically offer lower risk and total return potential compared with other core bond categories. We narrow the list to those strategies that also received a Gold, Silver, or Bronze Medalist Rating by our analysts. The Morningstar Medalist Rating is the forward-looking assessment of an investment strategy. The rating is on a five-tier scale running from Gold to Negative. For actively managed funds, Morningstar assigns Gold, Silver, and Bronze ratings to vehicles expected to add value over the long term when compared with a relevant Morningstar Category index after accounting for fees and risk. For passive strategies, funds and ETFs with the top ratings are expected to deliver alpha that exceeds the lesser of the category median net alpha, or zero, over the long term.
|
Name
|
Medalist Rating
Overall
|
SEC 30-Day Yield
|
TTM Yield
|
Average Effective Duration
|
Total Return
1 Year
|
Total Return
3 Year
|
Adjusted Expense Ratio
|
Fund Size
| |
|---|---|---|---|---|---|---|---|---|---|
| AAM/HIMCO Short Duration Fund Class A
ASDAX
| 3.82% | 3.64% | 1.30 | 1.92% | 4.66% | 0.850% | $407.66M | ||
| AAM/HIMCO Short Duration Fund Class I
ASDIX
| 4.17% | 3.88% | 1.30 | 2.27% | 4.92% | 0.600% | $407.66M | ||
| Allspring Ultra Short-Term Income Fund - Class A
SADAX
| 4.14% | 4.06% | 0.81 | 3.29% | 5.17% | 0.510% | $1.89B | ||
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CVFLB
| 4.44% | 4.26% | 0.81 | 3.49% | 5.40% | 0.260% | $1.89B | ||
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CLFRWS
| 4.34% | 4.11% | 0.81 | 3.33% | 5.24% | 0.410% | $1.89B | ||
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QBVT
| 4.84% | 4.62% | 0.81 | 3.90% | 5.59% | 0.350% | $1.40B | ||
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BCKPYR
| 4.79% | 4.65% | 0.81 | 3.85% | 5.74% | 0.350% | $833.06M | ||
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FYFPVS
| 4.27% | 4.35% | 0.79 | 3.66% | 5.21% | 0.320% | $53.39M | ||
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RBLRF
| 4.28% | 4.41% | 0.79 | 3.72% | 5.23% | 0.320% | $53.39M | ||
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ZFQBP
| 4.28% | 4.16% | 0.54 | 3.82% | 4.96% | 0.150% | $9.63B | ||
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SJJRWQ
| 4.03% | 3.90% | 0.54 | 3.55% | 4.72% | 0.400% | $9.63B | ||
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MGYTDZ
| 4.66% | 4.52% | 0.91 | 3.28% | 5.80% | 0.270% | $11.49B | ||
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FPKBKN
| 4.59% | 4.44% | 0.91 | 3.20% | 5.72% | 0.350% | $11.49B | ||
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YTYYW
| 4.40% | 4.11% | 0.70 | 3.38% | 4.94% | 0.120% | $788.39M | ||
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HTRY
| 4.19% | 4.25% | 0.73 | 3.74% | 5.23% | 0.240% | $276.86M | ||
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PSDGN
| 4.26% | 3.90% | 0.66 | 3.63% | — | 0.180% | $374.26M | ||
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PBDVY
| 4.40% | 4.23% | 0.55 | 3.83% | 5.20% | 0.240% | $2.07B | ||
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MMCT
| 4.30% | 4.54% | 0.72 | 3.90% | 5.36% | 0.170% | $374.20M | ||
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PSFGV
| 3.94% | 3.91% | 0.37 | 3.68% | 4.74% | 0.250% | $6.42B | ||
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YSFKLX
| 3.99% | 3.96% | 0.37 | 3.73% | 4.79% | 0.200% | $6.42B | ||
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CLZHY
| 4.28% | 4.65% | 0.58 | 3.50% | 4.68% | 0.250% | $83.99M | ||
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GPZSGZ
| 4.34% | 4.70% | 0.58 | 3.56% | 4.74% | 0.200% | $83.99M | ||
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XTRGGN
| 4.10% | 3.92% | 0.37 | 3.68% | 4.70% | 0.250% | $6.42B | ||
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NSXVH
| 4.17% | 4.12% | 0.61 | 3.57% | — | 0.200% | $441.93M |
United States