This short term bond mutual funds may provide a small yield for investors. While the yield is small, the risk associated with these funds is low as well. Most of the investment is invested in U.S. Treasuries or agency debts, and possibly in corporate debts.
Top Short Term Bond Funds
From this best performing funds list, you may find each individual fund review. You can find the fund performance, expense ratio, and yield or dividend from the table below. The list is sorted based on its year to date return in 2014 (up to December 29, 2014).Best performing short term bond mutual funds 2014 are:
- BlackRock US Mortgage Portfolio Fund (BMPAX)
- Eaton Vance Short Duration Strategic Income Fund (ETSIX)
- Frost Total Return Bond Fund (FATRX)
- Thornburg Limited Term Income Fund (THIFX)
- New Covenant Income Fund (NCICX)
- Azzad Wise Capital Fund (WISEX)
- William Blair Income N Fund (WBRRX)
- Semper Short Duration Fund (SEMRX)
- Wasatch-1st Source Income Fund (FMEQX)
- Nuveen Intermediate Government Bond Fund (FIGAX)
BlackRock US Mortgage Portfolio Fund
This BlackRock US Mortgage Portfolio Fund objective is to provide high total return. This fixed income fund invests mainly in mortgage-related securities. With total assets of $173 million, it has a yield of 2.16%. The fund managers are Akiva Dickstein and Matthew Kraeger. Its annual expense fee is 0.93%.Morningstar has ranked this top performing short term bond mutual fund with 5 star rating. In 2014, it has YTD return of 7.25%. It has a 3 year annualized return of 4.95%. Top 3 sectors are Agency MBS Pass-Through (65.75%), Non-Agency Residential MBS (9.85%), and Asset-Backed (5.8%).
Eaton Vance Short Duration Strategic Income Fund
This Eaton Vance Short Duration Strategic Income Fund is another 5 star rating. It has total assets of $1.9 billion. The class A fund has a sales load of 2.25%. This bond fund has a high yield of 4.65%. The fund managers are Eric A. Stein and Andrew Szczurowski. In 2014, it has year-to-date return of 5%.Frost Total Return Bond Fund
As another 5 star rated fund, Frost Total Return Bond Fund is popular with investors. The total net assets are $1.4 billion. Its expense fee is 0.75%. This best performing short term bond fund is managed by Jeffery Elswick. The average effective maturity is 5.76 years.More:
Fund Performance
| No | Fund Name | Ticker | YTD Return % |
|---|---|---|---|
| 1 | BlackRock US Mortgage Portfolio A | BMPAX | 7.25 |
| 2 | Eaton Vance Short Duration Strategic Income A | ETSIX | 4.33 |
| 3 | Frost Total Return Bond A | FATRX | 4.26 |
| 4 | Thornburg Limited Term Income A | THIFX | 3.3 |
| 5 | New Covenant Income | NCICX | 3.25 |
| 6 | Azzad Wise Capital | WISEX | 2.93 |
| 7 | William Blair Income N | WBRRX | 2.93 |
| 8 | Semper Short Duration Inv | SEMRX | 2.51 |
| 9 | Wasatch-1st Source Income | FMEQX | 2.38 |
| 10 | Nuveen Intermediate Government Bond A | FIGAX | 2.08 |
| 11 | Eagle Investment Grade Bond A | EGBAX | 2.02 |
| 12 | Guggenheim Limited Duration A | GILDX | 1.96 |
| 13 | JPMorgan Limited Duration Bond A | ONUAX | 1.93 |
| 14 | First Western Short Duration Bond | FWSBX | 1.89 |
| 15 | Fidelity Limited Term Bond Fund | FJRLX | 1.85 |
| 16 | Virtus Low Duration Income A | HIMZX | 1.83 |
| 17 | American Funds Preservation Portfolio A | PPVAX | 1.71 |
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