Today'​s Wall Street Journal (​C11) writes "​For Redemptions, '​In-​Kind'-​ness Counts", which discusses troubles with ultra-​short bond funds, specifically the decision to redeem shares '​in-​kind' by the $​1.​4 billion AMF Ultra Short Mortgage Fund. The Asset Management Funds are run by Shay Assets Management. WSJ says, "Ultrashort bond funds generally invest in fixed-​income securities with extremely short maturities, but tend to have higher risks than money-​market funds and certificates of deposit. The past year has been bad for the ultrashort-​bond category."

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