Saratoga Municipal Bond Portfolio

U.S. News evaluated 58 Muni National Long Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

See all Saratoga funds

See full Muni National Long rankings

See more fund rankings

Performance

The fund has returned 1.75 percent over the past year, 1.20 percent over the past three years, 1.81 percent over the past five years, and 1.36 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 1.7%
1 Year 1.8%
3 Years (Annualized) 1.2%
5 Years (Annualized) 1.8%
10 Years (Annualized) 1.4%

See more SMBAX performance

Summary

The investment seeks a high level of interest income that is excluded from federal income taxation to the extent consistent with prudent investment management and the preservation of capital. The fund will normally invest at least 80% of its total assets in securities that pay interest exempt from federal income taxes. The Portfolio's Adviser generally invests the Portfolio's assets in municipal obligations. Municipal obligations are bonds, notes or short-term commercial paper issued by state governments, local governments, and their respective agencies.

Fees

Fees are High compared to funds in the same category.
Saratoga Municipal Bond Portfolio has an expense ratio of 2.27 percent.

See more SMBAX fees

Risk

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

See more SMBAX risk