2 / 5 Stars
2 2 3 4 4
Zacks Investment Research
Standard & Poor's
5 / 5 Stars
#4 in High Yield Muni
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 -2.98 percent over the past year, 7.46 percent over the past three years, 7.89 percent over the past five years, and 3.26 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||2.2%|
|3 Years (Annualized)||7.5%|
|5 Years (Annualized)||7.9%|
|10 Years (Annualized)||3.3%|
The investment seeks a high level of current income exempt from regular federal income tax. The fund invests at least 80% of net assets in debt instruments that pay interest that is exempt from regular federal income tax. It invests at least 65% of its net assets in rated and unrated municipal instruments that are of low quality (commonly referred to as "junk bonds") or medium or upper medium quality. The fund may invest a portion of its assets in securities of higher quality. During temporary defensive periods, it may invest all of its assets in securities of higher quality.
Fees are Above Average compared to funds in the same category.
Northern High Yield Municipal Fund has an expense ratio of 0.80 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.