3 / 5 Stars
3 4 3 5 5
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#21 in Muni Single State Interm
U.S. News evaluated 68 Muni Single State Interm 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 -1.84 percent over the past year, 4.83 percent over the past three years, 4.76 percent over the past five years, and 3.44 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||1.7%|
|3 Years (Annualized)||4.8%|
|5 Years (Annualized)||4.8%|
|10 Years (Annualized)||3.4%|
The investment seeks a high level of current income exempt from regular federal and Virginia state income taxes; preservation of capital is the secondary objective. 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 both regular federal and Virginia income taxes 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 will invest primarily in investment-grade debt securities rated BBB- or better.
Fees are Low compared to funds in the same category.
American Funds Tax Exempt Virginia Fund has an expense ratio of 0.65 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.