4 / 5 Stars
4 4 4 5 3
Zacks Investment Research
Standard & Poor's
5 / 5 Stars
#9 in Muni National Interm
U.S. News evaluated 82 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 0.69 percent over the past year, 4.57 percent over the past three years, 4.42 percent over the past five years, and 4.14 percent over the past decade.
|Trailing Returns||Updated 03.31.2014|
|Year to date||2.3%|
|3 Years (Annualized)||4.6%|
|5 Years (Annualized)||4.4%|
|10 Years (Annualized)||4.1%|
The investment seeks as high a rate of income exempt from federal income taxes as is consistent with prudent investment management. The fund invests primarily in a diversified selection of municipal bonds (for example, general obligation bonds of a state or bonds financing a specific project) with maturities of one to seventeen years. A majority of the fund's investments are in issues with maturities longer than five years. It normally invests at least 70% of its total assets in municipal bonds rated A or better by Moody's or S&P, meaning that up to 30% of the fund's total assets may be invested in medium and lower-quality bonds.
Fees are Low compared to funds in the same category.
State Farm Municipal Bond Fund has an expense ratio of 0.16 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.