3 / 5 Stars
3 3 2 3 2
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
2 / 5 Stars
#49 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.
The fund has returned -2.12 percent over the past year, 6.14 percent over the past three years, 6.61 percent over the past five years, and 3.62 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||4.0%|
|3 Years (Annualized)||6.1%|
|5 Years (Annualized)||6.6%|
|10 Years (Annualized)||3.6%|
The investment seeks to provide a high level of income that is exempt from federal income tax while protecting investors' capital. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds (securities issued by or on behalf of state or local governments and other public authorities). It may invest up to 20% of its assets below investment grade bonds which are rated at the time of purchase Ba1 or lower by Moody's and BB+ or lower by S&P. The fund maintains an average portfolio duration that is within ±50% of the duration of the Barclays Municipal Bond Index.
Fees are Above Average compared to funds in the same category.
Principal Tax-Exempt Bond Fund has an expense ratio of 0.78 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.