3 / 5 Stars
3 3 2 3 4
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 41 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 -4.31 percent over the past year, 7.18 percent over the past three years, 9.06 percent over the past five years, and 3.75 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||3.0%|
|3 Years (Annualized)||7.2%|
|5 Years (Annualized)||9.1%|
|10 Years (Annualized)||3.7%|
The investment seeks federal tax-exempt current income and taxable capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal securities at the time of investment. It invests at least 75% of its net assets in higher yielding municipal securities, specifically medium- and lower-grade municipal securities. The fund may not, however, invest more than 25% of its net assets in industrial development bonds issued for companies in the same industry.
Fees are High compared to funds in the same category.
Invesco High Yield Municipal has an expense ratio of 1.59 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.