2 / 5 Stars
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Zacks Investment Research
Standard & Poor's
3 / 5 Stars
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 -1.92 percent over the past year, 4.00 percent over the past three years, 4.37 percent over the past five years, and 2.92 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||1.3%|
|3 Years (Annualized)||4.0%|
|5 Years (Annualized)||4.4%|
|10 Years (Annualized)||2.9%|
The investment seeks to provide the investors as high a level of current income exempt from Kentucky state and regular Federal income taxes as is consistent with preservation of capital. Under normal circumstances, at least 80% of the fund's net assets will be invested in municipal obligations that pay interest exempt, in the opinion of bond counsel, from Kentucky income and regular Federal income taxes, the income paid upon which will not be subject to the Federal alternative minimum tax on individuals. These obligations can be of any maturity, but the fund's average portfolio maturity has traditionally been between 11 and 15 years. It is non-diversified.
Fees are High compared to funds in the same category.
Aquila Churchill Tax Free Fund of Kentucky has an expense ratio of 1.62 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.