Ultra-short-term bond fund

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.
References in periodicals archive ?
New products and changes introduced over the last week include an ultra-short-term bond fund from Vanguard; a variable annuity from the Principal; and enhancements to Lincoln Financial Group's life insurance products.
Vanguard has announced that it has filed to launch the Vanguard Ultra-Short-Term Bond Fund. The actively managed fund is expected to be available in the first quarter of 2015.
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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