2 / 5 Stars
2 2 3 1 5
Zacks Investment Research
Standard & Poor's
2 / 5 Stars
#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.
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%|
|3 Years (Annualized)||4.9%|
|5 Years (Annualized)||5.8%|
|10 Years (Annualized)||4.4%|
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 are Above Average compared to funds in the same category.
Ivy Municipal Bond Fund has an expense ratio of 1.02 percent.
Risk is Low compared to funds in the same category according to Morningstar.