4 / 5 Stars
5 5 2 4 5
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#11 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 -3.01 percent over the past year, 7.26 percent over the past three years, 7.25 percent over the past five years, and 4.73 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||2.1%|
|3 Years (Annualized)||7.3%|
|5 Years (Annualized)||7.2%|
|10 Years (Annualized)||4.7%|
The investment seeks to maximize current interest income that is excluded from gross income for regular federal income tax purposes to the extent consistent with prudent investment management and preservation of capital. The fund normally invests at least 80% of its assets in municipal securities and other investments with similar economic characteristics, the interest on which is exempt from regular federal income tax but which may be subject to the federal alternative minimum tax. It normally invests in intermediate-term and long-term municipal securities that have remaining maturities from one to more than thirty years at the time of purchase.
Fees are Average compared to funds in the same category.
Western Asset Managed Municipals Fund has an expense ratio of 0.65 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.