| Scorecard |
|---|
|
4 / 5 Stars
|
|
Lipper
---
|
|
Zacks Investment Research
2
(Buy)
|
|
Standard & Poor's
2 / 5 Stars
|
|
TheStreet.com
---
|
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.
Performance
The fund has returned 6.79 percent over the past year, 7.14 percent over the past three years, 6.12 percent over the past five years, and 4.79 percent over the past decade.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 1.8% |
| 1 Year | 6.8% |
| 3 Years (Annualized) | 7.1% |
| 5 Years (Annualized) | 6.1% |
| 10 Years (Annualized) | 4.8% |
Summary
The investment seeks interest income that is exempt from federal income tax. The fund invests primarily in investment-grade securities the interest from which is exempt from federal income tax (referred to herein as "tax-exempt securities"). During normal market conditions, at least 80% of its net assets will consist of tax-exempt securities. The fund's dollar-weighted average portfolio maturity is 10 years or more.
Fees
Fees are Above Average compared to funds in the same category.
USAA Tax Exempt Long Term Fund has an expense ratio of 0.85 percent.
Risk
Risk is Above Average compared to funds in the same category according to Morningstar.
