2 / 5 Stars
3 3 4 1 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#42 in Muni Single State Interm
U.S. News evaluated 72 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 -1.27 percent over the past year, 3.05 percent over the past three years, 4.84 percent over the past five years, and 3.15 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-1.3%|
|3 Years (Annualized)||3.0%|
|5 Years (Annualized)||4.8%|
|10 Years (Annualized)||3.1%|
The investment seeks current income exempt from federal and Kansas income tax, consistent with preservation of capital. The fund purchases Kansas municipal bonds that, at the time of purchase, are either rated investment grade (BBB- or higher) by at least one independent ratings agency, or, if non-rated, have been judged by the adviser to be of comparable quality. It normally invests at least 80% of assets in municipal securities that pay interest free from federal income taxes and Kansas personal income taxes (excluding alternative minimum tax ("AMT")). The expected average dollar weighted maturity is between 10 and 25 years. The fund is non-diversified.
Fees are Average compared to funds in the same category.
Kansas Municipal Fund has an expense ratio of 1.08 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.