Ultra-Short-Term Bond Fund
Financial & Investment Dictionary:
Ultra-Short-Term Bond Fund
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Short-term bond fund
A bond mutual fund holding short to intermediate-term bonds that have maturities of three to five years.
Short-term debt
Debt obligations, recorded as current liabilities, requiring payment within the year.
Ultra-short-term bond fund
A mutual fund that invests in bonds with very short maturity periods, usually one year or less.
Applies to derivative products. Firm proprietary software that stores, and sends baskets of stock through SEAQ to either the NYSE or the curb for program trading.
Ultra-short-term bond fund ...
This index serves as the benchmark for the TIAA-CREF Short-Term Bond Fund.
In general, international short-term bond funds usually hedge most of the currency risk, while longer-term funds have substantial exposure.
Income risk: The possibility that the income provided by a fund will fluctuate due to changing interest rates. Money market funds and short-term bond funds are most subject to income risk.
Cash: In an investment portfolio, cash means relatively stable investments that can be easily changed into currency, such as checking accounts, Treasury bills, money market accounts or short-term bond funds.
 See also: Bond fund, Margin account, Banks, Organized exchange, Unit investment trust
  
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