1 / 5 Stars
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Zacks Investment Research
Standard & Poor's
2 / 5 Stars
U.S. News evaluated 15 Muni Minnesota 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 -1.54 percent over the past year, 3.81 percent over the past three years, 3.74 percent over the past five years, and 3.04 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||2.4%|
|3 Years (Annualized)||3.8%|
|5 Years (Annualized)||3.7%|
|10 Years (Annualized)||3.0%|
The investment seeks to earn the highest level of current income exempt from both federal income tax and State of Minnesota personal income tax that is available without assuming what the Adviser considers to be undue risk. The fund normally invests at least 80% of assets in municipal securities issued by Minnesota State with interest that is exempt from federal income tax. These securities may pay interest that is subject to the federal alternative minimum tax ("AMT") for certain taxpayers.
Fees are High compared to funds in the same category.
AllianceBernstein Municipal Income Portfolios Minnesota Portfolio has an expense ratio of 1.60 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.