4 / 5 Stars
5 5 2 4 2
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
#1 in High Yield Muni
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 7.24 percent over the past year, 8.14 percent over the past three years, 6.48 percent over the past five years, and 5.38 percent over the past decade.
|Trailing Returns||Updated 05.31.2013|
|Year to date||1.5%|
|3 Years (Annualized)||8.1%|
|5 Years (Annualized)||6.5%|
|10 Years (Annualized)||5.4%|
The investment seeks a high level of income exempt from federal income taxes. The fund invests primarily in long-term municipal securities (securities with maturities of more than 10 years) and its weighted average maturity is expected to normally exceed 10 years. It normally invests a substantial portion of its assets in municipal bonds that are rated noninvestment-grade by a major credit rating agency or by T. Rowe Price, known as "junk" bonds in the taxable bond market, and may buy bonds in default as long as they do not exceed 10% of the fund's total assets. Normally, at least 80% of the fund's income will be exempt from federal income taxes.
Fees are High compared to funds in the same category.
T. Rowe Price Tax Free High Yield Fund has an expense ratio of 0.67 percent.
Risk is Average compared to funds in the same category according to Morningstar.