3 / 5 Stars
3 3 1 3 4
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
2 / 5 Stars
U.S. News evaluated 40 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 -8.22 percent over the past year, 4.49 percent over the past three years, 8.68 percent over the past five years, and 4.19 percent over the past decade.
|Trailing Returns||Updated 11.30.2013|
|Year to date||-6.8%|
|3 Years (Annualized)||4.5%|
|5 Years (Annualized)||8.7%|
|10 Years (Annualized)||4.2%|
The investment seeks a high level of current income exempt from federal income tax. The fund normally invests at least 80% of its net assets in municipal securities the income from which is exempt from federal income taxes. It will invest its assets in securities with maturities of various lengths, depending on market conditions, but will typically have a dollar-weighted average effective maturity between 5 and 30 years. The fund invests primarily in lower-rated municipal securities, which typically offer higher income potential and involve greater risk than higher-quality securities.
Fees are High compared to funds in the same category.
Delaware National High-Yield Municipal Bond Fund has an expense ratio of 1.60 percent.
Risk is Average compared to funds in the same category according to Morningstar.