3 / 5 Stars
3 2 2 3 4
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
2 / 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 8.45 percent over the past year, 7.36 percent over the past three years, 6.02 percent over the past five years, and 4.97 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||2.2%|
|3 Years (Annualized)||7.4%|
|5 Years (Annualized)||6.0%|
|10 Years (Annualized)||5.0%|
The investment seeks to provide the maximum amount of income that is eligible for exclusion from federal income taxes. The fund normally invests at least 80% of its investable assets in municipal bonds, which are fixed-income securities issued by states and municipalities whose income is free from regular federal income tax. Its investments may include certain municipal bonds, the interest on which is subject to the federal alternative minimum tax (AMT). The investment subadviser normally invests the fund's investable assets in municipal bonds that it believes may provide above-average yields.
Fees are High compared to funds in the same category.
Prudential Municipal Bond High-Income has an expense ratio of 1.62 percent.
Risk is Low compared to funds in the same category according to Morningstar.