Short-Term Bond Fund
Bond Funds
Is This Fund a Good Choice for Me?
The Short-Term Bond Fund may be appropriate if you’re seeking a little more interest income from your savings than you’d earn in a traditional savings account. You’re also comfortable with potential fluctuations in your account balance based on the performance of the underlying bonds.
Investment Objective and Strategy
The fund seeks a high level of income consistent with maintaining minimum fluctuation of principal by investing in high-quality, short-term debt securities. These investments include: commercial paper; corporate bonds; U.S. Treasury securities; securities issued or guaranteed by U.S. government entities, agencies or instrumentalities; municipal bonds; U.S. dollar-denominated debt securities of foreign issuers (Yankee Bonds); and asset-backed and mortgage-backed securities. The average maturity of the portfolio, under normal circumstances, is expected to be three years or less.
Inception | November 05, 1991 |
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Asset Allocation | Bond |
Benchmark | ICE BofA 1-5 Year Corp./Gov. Index |
Ticker Symbol | HOSBX |
CUSIP Number | 437769300 |
Morningstar
Category: Short-Term Bond
Overall, out of 514 funds, according to risk adjusted return
Lipper
Classification: Short Investment Grade Debt
total return
Overall, out of 332 funds, according to historical total return
consistent return
Overall, out of 328 funds, according to historical risk-adjusted returns adjusted for volatility
preservation
Overall, out of 6,104 funds, according to historical loss avoidance
Fee Structure | No Load |
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Expense Ratio | 0.79% (Net 0.79%) (12/31/2019) |
Median Expense Ratio for Peer Group | 0.78% (12/31/2019) |
Transaction Fees | NONE |
Debt securities are subject to interest rate risk, credit risk, extension risk, income risk, issuer risk and market risk. The value of U.S. government securities can decrease due to changes in interest rates or changes to the financial condition or credit rating of the U.S. government. Investments in asset-backed and mortgage-backed securities are also subject to prepayment risk as well as increased susceptibility to adverse economic developments. High-yield, lower-rated securities involve greater risk than higher-rated securities.