| Scorecard |
|---|
|
4 / 5 Stars
|
|
Lipper
5
5
2
5
1
|
|
Zacks Investment Research
1
(Strong Buy)
|
|
Standard & Poor's
4 / 5 Stars
|
|
TheStreet.com
B
(Buy)
|
#10 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.
See all TIAA-CREF Mutual Funds funds
Performance
The fund has returned 2.77 percent over the past year, 5.41 percent over the past three years, and 5.53 percent over the past five years.
| Trailing Returns | Updated 05.31.2013 |
|---|---|
| Year to date | 0.0% |
| 1 Year | 2.8% |
| 3 Years (Annualized) | 5.4% |
| 5 Years (Annualized) | 5.5% |
| 10 Years (Annualized) | N/A |
Summary
The investment seeks a high level of current income that is exempt from regular federal income tax, consistent with preservation of capital. The fund invests at least 80% of its assets in tax-exempt bonds, a type of municipal security, the interest on which, in the opinion of the issuer's bond counsel at the time of issuance, is exempt from federal income tax, including federal alternative minimum tax ("AMT"). It may invest up to 20% of its assets in private activity bonds. Private activity bonds are tax-exempt bonds whose proceeds are used to finance private, for-profit organizations.
Fees
Fees are Below Average compared to funds in the same category.
TIAA-CREF Tax Exempt Bond Fund has an expense ratio of 0.35 percent.
Risk
Risk is Above Average compared to funds in the same category according to Morningstar.
