2 / 5 Stars
2 2 2 1 2
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
1 / 5 Stars
U.S. News evaluated 20 Muni Pennsylvania 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 -5.83 percent over the past year, 2.16 percent over the past three years, 6.13 percent over the past five years, and 2.64 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-6.1%|
|3 Years (Annualized)||2.2%|
|5 Years (Annualized)||6.1%|
|10 Years (Annualized)||2.6%|
The investment seeks to provide only Pennsylvania investors with a high level of current income exempt from federal and Pennsylvania state income taxes and, where possible under local law, local income and personal property taxes, through investment in a varied portfolio of medium- and lower-grade municipal securities. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in Pennsylvania municipal securities at the time of investment. It may invest up to 20% of its total assets in municipal securities that are subject to the federal alternative minimum tax.
Fees are High compared to funds in the same category.
Invesco PA Tax Free Income has an expense ratio of 1.76 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.