4 / 5 Stars
4 3 5 5 5
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 45 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 2.51 percent over the past year, 3.39 percent over the past three years, 3.72 percent over the past five years, and 3.16 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.0%|
|3 Years (Annualized)||3.4%|
|5 Years (Annualized)||3.7%|
|10 Years (Annualized)||3.2%|
The investment seeks a level of current interest income exempt from regular federal income taxes as is consistent with preservation of capital. The fund invests at least 80% of its net assets in municipal bonds that pay interest that is exempt from regular federal personal income tax. It generally invests in bonds with short-to intermediate-term maturities. The fund invests at least 80% of its net assets in investment grade municipal bonds rated BBB/Baa or higher. It may invest up to 20% of its net assets in below investment grade municipal bonds, commonly referred to as "high yield" or "junk" bonds.
Fees are High compared to funds in the same category.
Nuveen Limited Term Municipal Bond Fund has an expense ratio of 1.01 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.