1 / 5 Stars
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Zacks Investment Research
Standard & Poor's
2 / 5 Stars
#48 in Muni National Long
U.S. News evaluated 57 Muni National Long 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 -3.71 percent over the past year, 2.49 percent over the past three years, 4.30 percent over the past five years, and 2.96 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-3.9%|
|3 Years (Annualized)||2.5%|
|5 Years (Annualized)||4.3%|
|10 Years (Annualized)||3.0%|
The investment seeks to earn the highest level of interest income, exempt from federal income taxes, as is consistent with prudent investment management, preservation of capital, and the quality and maturity characteristics of the fund. Under normal market conditions, at least 80% of the income from the fund will be exempt from federal income tax. It typically invests at least 65% of its net assets in investment grade, U.S. dollar-denominated debt securities, as assessed at the time of purchase. The fund may invest in a variety of tax-exempt obligations. It is non-diversified.
Fees are Above Average compared to funds in the same category.
Calvert Tax-Free Bond Fund has an expense ratio of 0.90 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.