3 / 5 Stars
3 3 3 5 2
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#23 in Muni National Long
U.S. News evaluated 59 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 -1.55 percent over the past year, 5.33 percent over the past three years, 5.43 percent over the past five years, and 4.26 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||3.1%|
|3 Years (Annualized)||5.3%|
|5 Years (Annualized)||5.4%|
|10 Years (Annualized)||4.3%|
The investment seeks a high level of current interest income exempt from federal income taxation as is available from a concentration of investments in municipal bonds consistent with prudent investment management and the preservation of capital. The fund invests primarily in investment-grade municipal securities. At least 80% of the fund's income is exempt from both regular federal income taxes and the federal alternative minimum tax. It will have an effective duration of 75% to 125% of the duration of the Barclays Municipal Bond Index. The fund also may invest to a lesser extent in tax-free or taxable money market instruments and may hold cash.
Fees are Average compared to funds in the same category.
Elfun Tax Exempt Income Fund has an expense ratio of 0.18 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.