3 / 5 Stars
3 3 2 2 2
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#35 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 -2.85 percent over the past year, 5.89 percent over the past three years, 5.44 percent over the past five years, and 3.77 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||2.4%|
|3 Years (Annualized)||5.9%|
|5 Years (Annualized)||5.4%|
|10 Years (Annualized)||3.8%|
The investment seeks a high level of current income exempt from federal income taxes. The fund invests normally at least 80% of assets in obligations the income from which is exempt from federal income tax, that is, municipal obligations. Its portfolio consists primarily of investment grade long-term municipal bonds. The fund may invest up to 15% of its investable assets in "below-investment grade" or high-yield municipal debt obligations, commonly known as junk bonds.
Fees are Above Average compared to funds in the same category.
Prudential National Municipals has an expense ratio of 0.82 percent.
Risk is Average compared to funds in the same category according to Morningstar.