3 / 5 Stars
3 3 3 2 5
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#33 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 -1.31 percent over the past year, 5.48 percent over the past three years, 5.70 percent over the past five years, and 4.17 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||3.0%|
|3 Years (Annualized)||5.5%|
|5 Years (Annualized)||5.7%|
|10 Years (Annualized)||4.2%|
The investment seeks to provide the level of current income consistent with preservation of capital and that is not subject to Federal income tax. The fund seeks to achieve its objective by investing, during normal circumstances, at least 80% of its net assets in municipal bonds, mainly of investment grade and of any maturity. It attempts to enhance Fund performance by utilizing opportunities presented by the shape and slope of the yield curve, while typically striving to keep the overall Fund duration within a plus or minus twenty percent (20%) range relative to the fund's stated benchmark.
Fees are Above Average compared to funds in the same category.
Waddell & Reed Advisor Municipal Bond Fund has an expense ratio of 0.86 percent.
Risk is Low compared to funds in the same category according to Morningstar.