What's the worst performance any investor has seen? A 1% drop in value? 2%?
I know that liquid funds have seen as much as a 0.4% drop in value in a single day. Since ultra-short-term funds are riskier, I expect them to have had a greater drop in value. Do you know what the worst performance was?
I know that one ultra-short-term fund has had to limit redemptions at one point. Have there been other instances of that happening?