3 / 5 Stars
3 2 1 5 4
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
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 13.57 percent over the past year, 10.40 percent over the past three years, 4.58 percent over the past five years, and 4.52 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||3.3%|
|3 Years (Annualized)||10.4%|
|5 Years (Annualized)||4.6%|
|10 Years (Annualized)||4.5%|
The investment seeks high current income exempt from regular federal income taxes; capital appreciation is a secondary objective. The fund normally invests at least 80% of net assets in municipal bonds that pay interest that is exempt from regular federal personal income tax. Under normal market conditions, it invests at least 65% of its net assets in low-to-medium-quality bonds rated BBB/Baa or lower. The fund may invest up to 15% of its net assets in municipal securities whose interest payments vary inversely with changes in short-term tax-exempt interest rates ("inverse floaters").
Fees are High compared to funds in the same category.
Nuveen High Yield Municipal Bond Fund has an expense ratio of 1.38 percent.
Risk is High compared to funds in the same category according to Morningstar.