MainStay Tax Free Bond Fund

Scorecard
3 / 5 Stars
Lipper
4 4 2 3 5
Zacks Investment Research
4 (Sell)
Standard & Poor's
3 / 5 Stars
TheStreet.com
B (Buy)

#30 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.

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Performance

The fund has returned -1.80 percent over the past year, 6.84 percent over the past three years, 6.54 percent over the past five years, and 3.71 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 3.6%
1 Year -1.8%
3 Years (Annualized) 6.8%
5 Years (Annualized) 6.5%
10 Years (Annualized) 3.7%

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Summary

The investment seeks current income exempt from regular federal income tax. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus borrowings for investment purposes) in municipal bonds that are rated investment grade. On average, it will invest in municipal bonds that have a maturity range of 10 to 30 years. The fund may not invest more than 20% of its net assets in tax-exempt securities subject to the federal alternative minimum tax.

Fees

Fees are Above Average compared to funds in the same category.
MainStay Tax Free Bond Fund has an expense ratio of 0.78 percent.

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Risk

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

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