PNC Michigan Intermediate Municipal Bond

Scorecard
1 / 5 Stars
Lipper
1 1 3 1 1
Zacks Investment Research
4 (Sell)
Standard & Poor's
1 / 5 Stars
TheStreet.com
C- (Hold)

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.

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Performance

The fund has returned -1.99 percent over the past year, 2.65 percent over the past three years, 2.46 percent over the past five years, and 2.12 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 1.4%
1 Year -2.0%
3 Years (Annualized) 2.6%
5 Years (Annualized) 2.5%
10 Years (Annualized) 2.1%

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Summary

The investment seeks income exempt from regular federal income tax and, to the extent possible, from Michigan personal income tax, as is consistent with conservation of capital. The fund invests at least 80% of its net assets plus any borrowings for investment purposes in debt securities (bonds) issued by or on behalf of the State of Michigan, its political subdivisions and its agencies and instrumentalities that generate income exempt from federal and Michigan personal income taxes, but may be treated as a preference item for individuals for purposes of the federal alternative minimum tax. It is non-diversified.

Fees

Fees are High compared to funds in the same category.
PNC Michigan Intermediate Municipal Bond has an expense ratio of 1.76 percent.

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Risk

Risk is Below Average compared to funds in the same category according to Morningstar.

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