1 / 5 Stars
1 1 2 4 5
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
2 / 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 -6.27 percent over the past year, and 5.21 percent over the past three years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||1.9%|
|3 Years (Annualized)||5.2%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks high current income exempt from federal income taxes with a secondary objective of capital appreciation. The fund invests primarily in municipal obligations, the interest on which is, in the opinion of the issuer's bond counsel, exempt from federal individual income tax (but not necessarily the federal alternative minimum tax (the "AMT")). It may invest any portion of its assets in obligations that pay interest subject to the AMT. Under normal circumstances at least 80% of the value of the fund's net assets will be invested in tax-exempt municipal obligations (which may include obligations that pay interest subject to the AMT).
Fees are High compared to funds in the same category.
RS High Income Municipal Bond Fund has an expense ratio of 1.48 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.