3 / 5 Stars
1 1 1 1 5
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
1 / 5 Stars
#51 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 -5.21 percent over the past year, 5.43 percent over the past three years, and 7.49 percent over the past five years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||4.4%|
|3 Years (Annualized)||5.4%|
|5 Years (Annualized)||7.5%|
|10 Years (Annualized)||N/A|
The investment seeks high current income that is exempt from federal income tax, including alternative minimum tax. The fund invests, under usual circumstances, at least 80% of its assets in municipal bonds that are exempt from federal income tax, including the alternative minimum tax ("AMT"). It intends to invest a substantial portion of its assets in high yield municipal bonds and "private activity" bonds. The fund may also invest, without limitation, in higher rated municipal bonds. It may invest a portion of its total assets in "private activity" bonds whose interest is a tax-preference item for purposes of the AMT.
Fees are Above Average compared to funds in the same category.
Spirit of America High Yield Tax Free Bond Fund has an expense ratio of 0.90 percent.
Risk is High compared to funds in the same category according to Morningstar.