RS High Income Municipal Bond Fund

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

#33 in High Yield Muni

U.S. News evaluated 43 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 4.39 percent over the past year, and 5.91 percent over the past three years.

Trailing Returns Updated 06.30.2014
Year to date 8.0%
1 Year 4.4%
3 Years (Annualized) 5.9%
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

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

Fees are Above Average compared to funds in the same category.
RS High Income Municipal Bond Fund has an expense ratio of 0.73 percent.

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Risk

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

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See Also:

Top RS Funds Funds