4 / 5 Stars
5 5 3 3 5
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
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 -2.70 percent over the past year, 7.11 percent over the past three years, 6.16 percent over the past five years, and 3.62 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||1.9%|
|3 Years (Annualized)||7.1%|
|5 Years (Annualized)||6.2%|
|10 Years (Annualized)||3.6%|
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 are Average compared to funds in the same category.
MainStay Tax Free Bond Fund has an expense ratio of 0.54 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.