2 / 5 Stars
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Zacks Investment Research
Standard & Poor's
1 / 5 Stars
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 -4.77 percent over the past year, 5.98 percent over the past three years, and 8.31 percent over the past five years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||2.6%|
|3 Years (Annualized)||6.0%|
|5 Years (Annualized)||8.3%|
|10 Years (Annualized)||N/A|
The investment seeks high current income exempt from federal income tax; total return is a secondary objective. The fund invests at least 80% of its assets in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax ("Municipal Bonds"). It may invest, without limitation, in higher rated Municipal Bonds. The fund may invest up to 30% of its assets in "private activity" bonds whose interest is a tax-preference item for purposes of the federal alternative minimum tax ("AMT"). It is non-diversified.
Fees are High compared to funds in the same category.
PIMCO High Yield Municipal Bond Fund has an expense ratio of 1.59 percent.
Risk is Average compared to funds in the same category according to Morningstar.