Managers AMG GW&K Municipal Enhanced Yield Fund

Scorecard
3 / 5 Stars
Lipper
5 4 1 2 1
Zacks Investment Research
2 (Buy)
Standard & Poor's
3 / 5 Stars
TheStreet.com
C+ (Hold)

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.

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Performance

The fund has returned -4.03 percent over the past year, 8.21 percent over the past three years, and 9.72 percent over the past five years.

Trailing Returns Updated 02.28.2014
Year to date 5.5%
1 Year -4.0%
3 Years (Annualized) 8.2%
5 Years (Annualized) 9.7%
10 Years (Annualized) N/A

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Summary

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

Fees are Above Average compared to funds in the same category.
Managers AMG GW&K Municipal Enhanced Yield Fund has an expense ratio of 0.86 percent.

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Risk

Risk is Above Average compared to funds in the same category according to Morningstar.

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