3 / 5 Stars
5 5 5 2 2
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#13 in Muni National Short
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 1.88 percent over the past year, 2.63 percent over the past three years, 2.78 percent over the past five years, and 2.53 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||0.7%|
|3 Years (Annualized)||2.6%|
|5 Years (Annualized)||2.8%|
|10 Years (Annualized)||2.5%|
The investment seeks current income that is exempt from federal income tax to the extent consistent with preservation of capital. The fund invests at least 80% of its net assets in municipal securities that pay interest that is exempt from federal income tax, including the federal alternative minimum tax. It will attempt to maintain the weighted average maturity of its portfolio securities at three years or less under normal market conditions. The fund invests mainly in securities that, at the time of purchase, are either rated investment grade or are unrated and determined to be of comparable quality by the fund's sub-adviser.
Fees are Above Average compared to funds in the same category.
Nuveen Short Term Municipal Bond Fund has an expense ratio of 0.73 percent.
Risk is Average compared to funds in the same category according to Morningstar.