4 / 5 Stars
5 5 2 2 4
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#5 in Muni Massachusetts
U.S. News evaluated 18 Muni Massachusetts 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 -1.64 percent over the past year, 5.52 percent over the past three years, 6.75 percent over the past five years, and 4.05 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||3.6%|
|3 Years (Annualized)||5.5%|
|5 Years (Annualized)||6.7%|
|10 Years (Annualized)||4.1%|
The investment seeks a high level of current interest income exempt from regular federal, Massachusetts State and, in some cases, Massachusetts local income taxes as is consistent with preservation of capital. The fund normally invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal and Massachusetts personal income tax. These municipal bonds include obligations issued by the Commonwealth of Massachusetts and its subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories.
Fees are Below Average compared to funds in the same category.
Nuveen Massachusetts Municipal Bond Fund has an expense ratio of 0.82 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.