3 / 5 Stars
1 1 3 3 3
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#57 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 -1.29 percent over the past year, 3.68 percent over the past three years, 3.25 percent over the past five years, and 3.22 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||2.3%|
|3 Years (Annualized)||3.7%|
|5 Years (Annualized)||3.3%|
|10 Years (Annualized)||3.2%|
The investment seeks high current income exempt from Rhode Island State and regular Federal income taxes 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 Rhode Island state 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 goal has traditionally been between 10 and 12 years. It is non-diversified.
Fees are Below Average compared to funds in the same category.
Aquila Narragansett Tax-Free Income Fund has an expense ratio of 0.77 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.