The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities. Its emphasis is on total return with low volatility by investing primarily in shorter-term investment grade securities. The fund invests in a diversified mix of taxable fixed income securities. The Adviser actively manages the maturity of the fund and purchases securities which will, on average, mature in less than 5 years.

Nasdaq

FILDX

The fund invests primarily in debt securities, which may be represented by derivative investments that provide exposure to debt securities such as futures, options and swap agreements. It may also invest up to 20% of its total assets in non-investment grade securities, including up to 5% in securities rated lower than B- by S&P or Moody's, which may include defaulted securities.

FLDAX

The fund normally invests at least 80% of its net assets, including any borrowings for investment purposes, in shares of registered, open-end investment companies and exchange-traded funds ("ETFs") that have either adopted policies to invest at least 80% of their assets in fixed income securities that the Adviser believes offer the prospect of providing total return, or invest substantially all of their assets in such fixed income securities. It reserves the right to hold up to 100% of its assets as a temporary defensive measure in cash and money market instruments.

FMFIX

Under normal market conditions, the Advisor intends to invest primarily all, but must invest at least 80%, of its net assets, plus any borrowing for investment purposes, in fixed income securities. The fund invests primarily in debt securities rated within the four highest credit categories (AAA, AA, A, BAA, or equivalent) by at least one nationally recognized statistical rating organization, or if unrated, deemed to be of comparable quality by the fund's sub-adviser, First National Fund Advisers.

FOSIX

The fund primarily invests in a diversified portfolio of debt securities, cash and cash equivalents. It generally invests in highly rated debt securities and will invest at least 75% of its total assets, calculated at market value at the time of purchase, in debt securities rated at least A- or its equivalent by a NRSRO. The fund may invest up to 25% of its total assets, calculated at market value at the time of purchase, in debt securities that are rated below A- or its equivalent by a NRSRO or that are unrated.

FPNIX

The investment seeks to provide current income. In pursuing its principal investment strategies, the fund invests in a diversified portfolio of fixed-income securities consisting of U.S. government and privately issued mortgage-backed and asset-backed securities, corporate debt securities and U.S. Treasury and agency securities. At least 65% of the fund's securities must be rated A or higher by a nationally recognized statistical rating organization. The adviser seeks to enhance the fund's performance by allocating relatively more of its portfolio to the security type that the Adviser expects to offer the best balance between current income and risk.

FSTIX

The fund primarily invests in investment-grade debt securities and repurchase agreements, aiming to maintain a short average maturity of three years or less.

FZOMX

The advisor intends to pursue the fund's investment objective by investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in a diversified portfolio of debt securities, financial instruments that should perform similarly to debt securities and investment vehicles that provide exposure to debt securities, and debt-like securities, including individual securities, investment vehicles and derivatives giving exposure (i.e. similar economic characteristics) to fixed-income markets.

GILHX

The fund invests mainly (at least, and typically more than, 80% of its net assets, plus borrowings for investment purposes, if any) in investment grade fixed income instruments. The fund's portfolio is diversified among a large number of companies across different industries and economic sectors. It may hold up to 30% of its assets in obligations denominated in currencies other than the U.S. dollar and may invest beyond this limit when considering U.S. dollar-denominated securities of foreign issuers.

GLDYX

The fund operates as a fund of funds, investing primarily in registered mutual funds, including exchange-traded funds ("ETFs"). The funds in which the fund may invest are referred to herein as the "underlying funds." The Advisor believes that investing in underlying funds provides the fund with an efficient means of creating a portfolio that provides investors with indirect exposure to a broad range of securities.

GPARX

The fund invests primarily in a portfolio of actively and passively managed registered mutual funds and exchange-traded funds ("ETFs"), in addition to direct investments. The funds in which it may invest are referred to herein as the "underlying funds." The advisor believes that investing in underlying funds provides the fund with an efficient means of creating a portfolio that provides investors with indirect exposure to a broad range of investments.

GPICX

The investment seeks total return consisting of income and capital appreciation. The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) ("Net Assets") in U.S. or foreign fixed income securities. It may not invest, in the aggregate, more than 20% of its total assets measured at the time of purchase in emerging countries debt and non-investment grade fixed income securities. The fund’s target duration range under normal interest rate conditions is expected to approximate that of the Goldman Sachs Short Duration Bond Fund Composite Index plus or minus two years.

GSSRX

The investment seeks to provide a high level of total return, including a competitive level of current income, while limiting fluctuations in net asset value due to changes in interest rates. The fund seeks current income with an emphasis on maintaining low volatility and overall short duration (within a range of 1-3 years) by investing primarily in higher quality, more liquid securities across 14 fixed income sectors. Under normal circumstances, it invests at least 80% of its assets in fixed income debt obligations of various types of issuers.

HIBIX

Under normal circumstances, the fund invests at least 80% of its assets in bonds. It may principally invest in U.S. treasury obligations, U.S. government agency securities, corporate bonds, asset-backed securities, mortgage-backed securities, mortgage-related securities, and structured instruments. The effective average weighted maturity ordinarily will be three years or less.

HLLVX

The fund normally invests at least 80% of its net assets, including any borrowings for investment purposes, in a diversified portfolio of fixed income instruments. It will allocate up to 100% of its portfolio in fixed income securities through direct investments or through the purchase of closed end investment companies and exchange-traded funds that invest primarily in income producing securities. The Adviser may also allocate up to 50% of the fund's assets in the common and preferred stock of underlying funds.

HOBEX

The fund normally invests at least 80% of its net assets (plus borrowing for investment purposes) in fixed-income securities that are in the three highest credit categories as ranked by a NRSRO. These investments may 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; and asset-backed and mortgage-backed securities.

HOSBX

The investment seeks to provide current income and long-term total return. The fund seeks its investment objective by investing in securities that the sub-adviser considers to be attractive giving consideration to both yield and total return. It normally invests in investment grade securities. The fund may invest up to 35% of its net assets in non-investment grade securities. It may also invest up to 35% of its net assets in bank loans or loan participation interests in secured or unsecured variable, fixed or floating rate loans to U.S. and foreign corporations, partnerships and other entities.

HSDAX

The investment seeks maximum total return. Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowing for investment purposes) in a diversified portfolio of bonds or derivative instruments having economic characteristics similar to bonds. The average dollar-weighted maturity of the fund will not exceed 5 years.

IISBX

The investment seeks current income. The fund seeks to achieve its investment objective by investing primarily in short-term U.S. corporate bonds issued by companies, including real estate investment trusts ("REITs"), whose executives are purchasing shares of the company's common stock. It may invest in corporate bonds of any credit quality, effective maturity or average modified duration, but the advisor intends to hold a majority of the portfolio in investment grade corporate bonds with an average effective maturity of less than four years and an average duration of less than three and a half years. The fund is non-diversified.

IIXIX

The investment seeks the highest current income consistent with low risk to principal and liquidity, its secondary objective is to enhance its total return through capital appreciation when market factors indicate that capital appreciation may be available without significant risk to principal. Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in a diversified portfolio of bonds that are limited maturity debt instruments. The dollar-weighted average maturity of the Portfolio generally will not exceed five years and in periods of rising interest rates may be shortened to one year or less.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield
FILDX	Frost Low Duration Bond Fund	Short-Term Bond	Apr 25, 2008	0.43%	0.46%	1.48%	3.63%
FLDAX	Franklin Low Duration Total Return Fund	Short-Term Bond	Nov 17, 2004	0.71%	0.01%	1.30%	3.91%
FMFIX	RBB Free Market Fixed Income Fund	Short-Term Bond	Dec 31, 2007	0.68%	0.06%	0.90%	2.92%
FOSIX	Tributary Short-Intermediate Bond Fund	Short-Term Bond	Dec 14, 1992	0.64%	0.06%	1.41%	2.76%
FPNIX	FPA New Income Fund	Short-Term Bond	Jul 11, 1984	0.45%	-0.38%	1.96%	4.29%
FSTIX	Federated Hermes Short-Term Income Fund	Short-Term Bond	Jul 1, 1986	0.66%	0.28%	1.44%	2.95%
FZOMX	Fidelity SAI Short-Term Bond Fund	Short-Term Bond	Oct 13, 2020	0.30%	0.38%	—	3.69%
GILHX	Guggenheim Limited Duration Fund	Short-Term Bond	Dec 16, 2013	0.49%	0.65%	2.48%	4.46%
GLDYX	GuideStone Funds Low-Duration Bond Fund	Short-Term Bond	Aug 27, 2001	0.34%	0.47%	1.52%	3.97%
GPARX	GuidePath Absolute Return Allocation Fund	Short-Term Bond	Apr 29, 2011	0.99%	-0.75%	1.75%	4.85%
GPICX	GuidepathConservative Income Fund	Short-Term Bond	Apr 30, 2018	0.75%	1.42%	—	4.45%
GSSRX	Goldman Sachs Short Duration Bond Fund	Short-Term Bond	Feb 29, 2012	0.48%	-0.15%	1.65%	3.33%
HIBIX	Virtus Newfleet Low Duration Core Plus Bond Fund	Short-Term Bond	Feb 23, 1996	0.50%	0.78%	2.01%	3.91%
HLLVX	JPMorgan Short Duration Bond Fund	Short-Term Bond	Sep 4, 1990	0.34%	0.14%	1.40%	3.02%
HOBEX	Holbrook Income Fund	Short-Term Bond	Jul 6, 2016	1.60%	1.51%	—	6.48%
HOSBX	Homestead Funds Short Term Bond Fund	Short-Term Bond	Nov 5, 1991	0.79%	-0.24%	1.33%	3.40%
HSDAX	Hartford Short Duration Fund	Short-Term Bond	Oct 31, 2002	0.79%	0.61%	1.79%	3.63%
IISBX	Voya Short Term Bond Fund	Short-Term Bond	Dec 19, 2012	0.35%	-0.38%	1.40%	4.70%
IIXIX	Catalyst Insider Income Fund	Short-Term Bond	Jul 29, 2014	0.75%	2.34%	—	4.94%
ILMBX	Voya Limited Maturity Bond Portfolio	Short-Term Bond	Jan 24, 1989	0.53%	0.02%	1.08%	4.20%

The Best Short-Term Bond Mutual Funds

Risk vs. Return Scatterplot