3 / 5 Stars
3 3 3 3 3
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#32 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 -2.26 percent over the past year, 5.88 percent over the past three years, 5.21 percent over the past five years, and 3.90 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||1.8%|
|3 Years (Annualized)||5.9%|
|5 Years (Annualized)||5.2%|
|10 Years (Annualized)||3.9%|
The investment seeks high current income exempt from federal income tax. The fund invests mainly in bonds that pay interest that is exempt from federal income tax, are investment-grade in quality, and have intermediate- to long-term maturities (three years or longer). It does not intend to invest in securities the interest on which is subject to the alternative minimum tax (AMT). The manager may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments.
Fees are Above Average compared to funds in the same category.
Putnam AMT Free Municipal Fund has an expense ratio of 0.77 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.