2 / 5 Stars
2 2 4 5 5
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
#41 in Muni National Interm
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.
The fund has returned 3.09 percent over the past year, 4.33 percent over the past three years, 4.84 percent over the past five years, and 3.81 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.0%|
|3 Years (Annualized)||4.3%|
|5 Years (Annualized)||4.8%|
|10 Years (Annualized)||3.8%|
The investment seeks to provide federal tax-exempt current income consistent with the preservation of capital. The fund normally invests at least 80% of the value of its net assets plus borrowings in investments the income from which is exempt from federal income tax. It invests principally in investment-grade municipal debt obligations providing federal tax-exempt interest income. The fund may invest up to 10% of its assets in municipal debt securities that are rated below investment grade (commonly referred to as high-yield or "junk bonds"). It may also invest in Eurodollar futures. A portion of the fund's net assets may be "illiquid" securities.
Fees are Low compared to funds in the same category.
Russell Tax Exempt Bond Fund has an expense ratio of 0.54 percent.
Risk is Low compared to funds in the same category according to Morningstar.