Ultra-short-term bond fund

(redirected from Ultra-Short-Term Bond Funds)

Ultra-short-term bond fund

A mutual fund that invests in bonds with very short maturity periods, usually one year or less.

Ultra-Short-Term Bond Fund

A mutual fund that invests exclusively in bonds with a maturity of one year or less. Like all bond funds, it carries fewer risks than other mutual funds, but it may still be risky if it invests in short-term junk bonds.
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But with money market reform causing the funds' net asset value (NAV) to float-and stable value funds becoming more expensive-some retirement plans have been "looking at hybrid solutions such as short-term and ultra-short-term bond funds with various durations," says Lorie Latham, defined contribution (DC) investment director at Towers Watson in Chicago.
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