4 / 5 Stars
5 5 2 2 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#12 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 6.40 percent over the past year, 9.05 percent over the past three years, and 7.28 percent over the past five years.
|Trailing Returns||Updated 05.31.2013|
|Year to date||0.7%|
|3 Years (Annualized)||9.0%|
|5 Years (Annualized)||7.3%|
|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 High 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.