3 / 5 Stars
4 4 3 5 4
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
#2 in High Yield Muni
U.S. News evaluated 38 High Yield Muni Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 8.33 percent over the past year, 8.46 percent over the past three years, 6.14 percent over the past five years, and 4.78 percent over the past decade.
|Trailing Returns||Updated 05.31.2013|
|Year to date||2.0%|
|3 Years (Annualized)||8.5%|
|5 Years (Annualized)||6.1%|
|10 Years (Annualized)||4.8%|
The investment seeks to provide a high level of current income exempt from regular federal income tax. Under normal circumstances, the fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from regular federal income tax. It may invest, without limitation, in securities that may subject to federal alternative minimum tax. The fund invests a significant portion of its portfolio in municipal bonds rated BBB+ or below. In addition, it may invest significantly in municipal obligations of issuers in the same state, or engaged in the same types of projects or industries.
Fees are High compared to funds in the same category.
American High-Income Municipal Bond Fund has an expense ratio of 0.68 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.