3 / 5 Stars
3 3 2 3 5
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
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 3.16 percent over the past year, 5.04 percent over the past three years, 5.10 percent over the past five years, and 4.22 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||6.7%|
|3 Years (Annualized)||5.0%|
|5 Years (Annualized)||5.1%|
|10 Years (Annualized)||4.2%|
The investment seeks to provide Massachusetts investors with as high a level of current income exempt from federal income tax and Massachusetts personal income taxes as is consistent with the preservation of principal. The fund normally invests at least 80% of its assets in investment grade "Massachusetts municipal securities" or other investments with similar economic characteristics. It may invest in securities of any maturity. The fund focuses primarily on intermediate-term and long-term municipal securities, and will normally invest in securities. It is non-diversified.
Fees are Below Average compared to funds in the same category.
Western Asset Massachusetts Municipals Fund has an expense ratio of 0.75 percent.
Risk is Average compared to funds in the same category according to Morningstar.