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Ultra Short Bond Fund -
Performance

The performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher. Click here to obtain the most recent month-end performance. Investment return and principal value of the fund will fluctuate, and shares may be worth more or less than their original cost when redeemed.
 
Quarterly Performance Since Inception
Ultra Short Bond Fund1
Institutional (MWUIX) 07/31/04
  MWUIX Merrill Lynch 1 Year UST Index2
06/30/2014
0.24%
0.07%
03/31/2014
0.43%
0.08%
12/31/2013
0.48%
0.01%
09/30/2013
0.30%
0.13%
06/30/2013
-0.32%
0.04%
03/31/2013
0.76%
0.07%
12/31/2012
0.72%
0.06%
09/30/2012
2.62%
0.14%
06/30/2012
0.27%
0.04%
03/31/2012
2.18%
0.00%
12/31/2011
0.25%
0.09%
09/30/2011
-1.10%
0.13%
06/30/2011
-0.14%
0.20%
03/31/2011
1.29%
0.15%
12/31/2010
1.47%
0.07%
09/30/2010
3.83%
0.25%
06/30/2010
1.61%
0.26%
03/31/2010
3.31%
0.25%
12/31/2009
4.19%
0.15%
09/30/2009
8.64%
0.33%
06/30/2009
3.42%
0.33%
03/31/2009
-2.87%
-0.01%
12/31/2008
-11.94%
1.68%
09/30/2008
-4.41%
1.06%
06/30/2008
-0.59%
-0.18%
03/31/2008
-5.73%
2.12%
12/31/2007
0.40%
1.54%
09/30/2007
0.01%
1.85%
06/30/2007
1.08%
1.15%
03/31/2007
1.30%
1.28%
12/31/2006
1.24%
1.10%
09/30/2006
1.84%
1.56%
06/30/2006
1.39%
0.82%
03/31/2006
0.74%
0.76%
12/31/2005
0.88%
0.83%
09/30/2005
0.96%
0.44%
06/30/2005
0.95%
0.83%
03/31/2005
0.52%
0.22%
12/31/2004
0.61%
0.18%

You should consider the fund’s investment objectives, risks, charges, and expenses carefully before investing.  Click here to obtain a prospectus which contains this and other information on the fund. Please read the prospectus carefully before you invest. Consult the prospectus for more information.

Calculations include reinvestment of all distributions. Returns for periods less than one year are cumulative. Performance would have been lower if fees had not been waived in various periods.  For MWUIX the total expense ratio is 0.40% and the net expense ratio is 0.34%.  Expenses reflect a contractual agreement by the Advisor to reduce its fees and/or absorb expenses to limit the fund’s total annual operating expenses for the current fiscal year. The advisor voluntarily extended the agreement for the current fiscal year, and expects to renew the contractual expense limitation each year in May.

Bond Funds have the same interest rate, high yield and credit risks associated with the underlying bonds in the portfolio, all of which could reduce the Fund’s value. As interest rates rise, the value of the Fund can decline and an investor can lose principal.

1 Total return figures assume reinvestment of all distributions. Total returns reflect fee waivers in effect. Without fee waivers, returns  would have been lower.

2 The Merrill Lynch 1 Year Treasury Index is comprised of a single U.S. Treasury issue with approximately one year to final maturity purchased at the beginning of each month and held for one full month. At the end of the month, that issue is sold and rolled into a newly selected issue. Unlike a mutual fund, the performance of an index assumes no taxes, transaction costs, management fees, or other expenses. The securities in the fund may differ substantially from those in the index.


PROSPECTUS TERMS OF USE PRIVACY POLICY