Ivy Municipal Bond Fund

Scorecard
2 / 5 Stars
Lipper
2 2 3 1 5
Zacks Investment Research
3 (Hold)
Standard & Poor's
2 / 5 Stars
TheStreet.com
B (Buy)

#43 in Muni National Long

U.S. News evaluated 58 Muni National Long Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 3.89 percent over the past year, 4.87 percent over the past three years, 5.81 percent over the past five years, and 4.39 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 4.8%
1 Year 3.9%
3 Years (Annualized) 4.9%
5 Years (Annualized) 5.8%
10 Years (Annualized) 4.4%

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Summary

The investment seeks to provide the level of current income consistent with preservation of capital and that is not subject to Federal income tax. The fund invests during normal circumstances, at least 80% of its net assets in tax-exempt municipal bonds, mainly of investment grade and of any maturity. Municipal bonds are obligations the interest on which is excludable from gross income for Federal income tax purposes, although a portion of such interest may be a tax preference item for purposes of the Federal alternative minimum tax (AMT) (Tax Preference Item).

Fees

Fees are Above Average compared to funds in the same category.
Ivy Municipal Bond Fund has an expense ratio of 1.02 percent.

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Risk

Risk is Low compared to funds in the same category according to Morningstar.

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See Also:

Top Ivy Funds Funds