2 / 5 Stars
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Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#41 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 4.95 percent over the past year, 3.94 percent over the past three years, 4.02 percent over the past five years, and 3.68 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||4.8%|
|3 Years (Annualized)||3.9%|
|5 Years (Annualized)||4.0%|
|10 Years (Annualized)||3.7%|
The investment seeks to receive income from municipal bonds and to distribute that income to shareholders as tax-free dividends. The fund invests at least 80% of its net assets (including borrowings for investment) purposes) in municipal bonds that are exempt from federal income taxes. It only invests in investment grade bonds. Under normal market conditions, the fund will have an average duration range of 3 to 10 years, although it is expected to center around 5 to 8 years.
Fees are Above Average compared to funds in the same category.
Madison Tax-Free National Fund has an expense ratio of 0.85 percent.
Risk is Low compared to funds in the same category according to Morningstar.