3 / 5 Stars
5 5 4 2 3
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
#3 in Muni Minnesota
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 -0.35 percent over the past year, 4.82 percent over the past three years, 4.95 percent over the past five years, and 3.85 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||1.5%|
|3 Years (Annualized)||4.8%|
|5 Years (Annualized)||5.0%|
|10 Years (Annualized)||3.8%|
The investment seeks to provide maximum current income that is exempt from both federal income tax and Minnesota state income tax to the extent consistent with prudent investment risk. Under normal market conditions, the fund 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 Minnesota personal income tax. It invests mainly in securities that, at the time of purchase, are either rated investment grade or are unrated and determined to be of comparable quality by the fund's sub-adviser. It is non-diversified.
Fees are Below Average compared to funds in the same category.
Nuveen Minnesota Intermediate Municipal Bond Fund has an expense ratio of 0.82 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.