4 / 5 Stars
5 5 1 2 1
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
#14 in High Yield Muni
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 -8.93 percent over the past year, 5.49 percent over the past three years, and 10.23 percent over the past five years.
|Trailing Returns||Updated 11.30.2013|
|Year to date||-7.4%|
|3 Years (Annualized)||5.5%|
|5 Years (Annualized)||10.2%|
|10 Years (Annualized)||N/A|
The investment seeks to provide investors with a high level of current income that is exempt from federal income tax; capital appreciation is also an objective, but is secondary to income. The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in U.S. dollar-denominated fixed income securities that are exempt from federal income tax. It may invest up to 35% of its total assets in unrated securities, and may invest up to 50% of its total assets in unrated securities and high yield securities.
Fees are Average compared to funds in the same category.
Managers AMG GW&K Municipal Enhanced Yield Fund has an expense ratio of 0.65 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.