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.
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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