2 / 5 Stars
3 3 5 4 5
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#17 in Muni National Short
U.S. News evaluated 50 Muni National Short 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 1.43 percent over the past year, and 1.35 percent over the past three years.
|Trailing Returns||Updated 06.30.2014|
|Year to date||0.8%|
|3 Years (Annualized)||1.4%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks current income exempt from regular federal income tax. Under normal circumstances, the fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from regular federal income tax and that do not subject the investment to federal alternative minimum tax. It may also invest up to 20% of its assets in securities that may subject the investment to federal alternative minimum tax. The fund invests primarily in municipal bonds rated AA- or better. Its aggregate portfolio will have a dollar-weighted average maturity no greater than three years.
Fees are Above Average compared to funds in the same category.
American Funds Short-Term Tax Exempt Bond Fund® has an expense ratio of 0.59 percent.
Risk is Average compared to funds in the same category according to Morningstar.