| Scorecard |
|---|
|
3 / 5 Stars
|
|
Lipper
1
1
5
1
5
|
|
Zacks Investment Research
5
(Strong Sell)
|
|
Standard & Poor's
3 / 5 Stars
|
|
TheStreet.com
C-
(Hold)
|
#26 in Muni National Short
U.S. News evaluated 47 Muni National Short 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 0.61 percent over the past year, 1.31 percent over the past three years, and 2.21 percent over the past five years.
| Trailing Returns | Updated 05.31.2013 |
|---|---|
| Year to date | 0.3% |
| 1 Year | 0.6% |
| 3 Years (Annualized) | 1.3% |
| 5 Years (Annualized) | 2.2% |
| 10 Years (Annualized) | N/A |
Summary
The investment seeks to provide a consistent level of current income exempt from federal income tax with a secondary emphasis on maximizing total return. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, at the time of initial purchase, in municipal securities that generate income exempt from federal income tax, but not necessarily the federal alternative minimum tax ("AMT"). These securities include securities of municipal issuers located in Texas as well as in other states, territories and possessions of the United States. It primarily invests in securities that are of investment grade.
Fees
Fees are High compared to funds in the same category.
Frost Low Duration Municipal Bond Fund has an expense ratio of 0.57 percent.
Risk
Risk is Below Average compared to funds in the same category according to Morningstar.
