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Lipper
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Zacks Investment Research
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Standard & Poor's
2 / 5 Stars
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TheStreet.com
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U.S. News evaluated 83 Muni National Interm Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Performance
The fund has returned 2.18 percent over the past year.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 0.7% |
| 1 Year | 2.2% |
| 3 Years (Annualized) | N/A |
| 5 Years (Annualized) | N/A |
| 10 Years (Annualized) | N/A |
Summary
The investment seeks current income exempt from regular federal income taxes, consistent with preservation of capital. The fund invests at least 80% of its assets in U.S. municipal securities, the interest on which is, in the opinion of the issuer's counsel at the time of issuance, exempt from regular federal income tax. It invests primarily in securities that are rated investment grade. Although the fund may invest in fixed-income securities without regard to their maturity or duration, its average weighted effective duration is expected to range between two and seven years.
Fees
Fees are Low compared to funds in the same category.
Lazard U.S. Municipal Portfolio has an expense ratio of 0.40 percent.
Risk
Risk is N/A compared to funds in the same category according to Morningstar.
