3 / 5 Stars
4 4 3 2 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#4 in High Yield Muni
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 -1.26 percent over the past year, 6.61 percent over the past three years, 7.56 percent over the past five years, and 3.48 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||4.5%|
|3 Years (Annualized)||6.6%|
|5 Years (Annualized)||7.6%|
|10 Years (Annualized)||3.5%|
The investment seeks high current income that is exempt from federal income tax consistent with preservation of capital. The fund invests 100% (and, as a fundamental policy, no less than 80%) of net assets in tax-exempt municipal securities. It primarily invests in securities rated investment-grade at the time of purchase or, if unrated, determined to be of comparable quality by the fund's adviser. However, the fund may invest up to 25% of assets in municipal securities rated below investment grade. The adviser attempts to maintain an average effective duration for the portfolio of approximately 3 to 8 years.
Fees are Above Average compared to funds in the same category.
SIT Tax Free Income Fund has an expense ratio of 0.80 percent.
Risk is Low compared to funds in the same category according to Morningstar.