Pioneer High Income Municipal Fund

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

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.

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Performance

The fund has returned 12.23 percent over the past year, 8.61 percent over the past three years, and 4.88 percent over the past five years.

Trailing Returns Updated 05.31.2013
Year to date 2.1%
1 Year 12.2%
3 Years (Annualized) 8.6%
5 Years (Annualized) 4.9%
10 Years (Annualized) N/A

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Summary

The investment seeks to maximize total return through a combination of income that is exempt from regular federal income tax and capital appreciation. The fund invests at least 80% of its net assets in debt securities and other obligations issued by or on behalf of states, counties, municipalities, territories and possessions of the United States and the District of Columbia and their authorities, political subdivisions, agencies and instrumentalities, the interest on which is exempt from regular federal income tax ("municipal securities"). It may invest in municipal securities with a broad range of maturities. The fund is non-diversified.

Fees

Fees are High compared to funds in the same category.
Pioneer High Income Municipal Fund has an expense ratio of 0.67 percent.

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Risk

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

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