3 / 5 Stars
5 5 2 2 4
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
#3 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 5.66 percent over the past year, 6.42 percent over the past three years, 6.10 percent over the past five years, and 4.80 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.6%|
|3 Years (Annualized)||6.4%|
|5 Years (Annualized)||6.1%|
|10 Years (Annualized)||4.8%|
The investment seeks as high a 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 invests at least 80% of its net assets in municipal bonds that pay interest that is exempt from regular federal and Massachusetts personal income tax. It may invest without limit in securities that generate income subject to the alternative minimum tax. The fund is a long-term bond fund and, as such, will generally maintain an investment portfolio with an overall weighted average maturity of greater than 10 years.
Fees are Below Average compared to funds in the same category.
Nuveen Massachusetts Municipal Bond Fund has an expense ratio of 0.89 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.