5 / 5 Stars
5 5 3 5 2
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
#2 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 -0.38 percent over the past year, 6.03 percent over the past three years, 6.09 percent over the past five years, and 3.80 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||3.8%|
|3 Years (Annualized)||6.0%|
|5 Years (Annualized)||6.1%|
|10 Years (Annualized)||3.8%|
The investment seeks to provide Virginia investors with a high level of current interest income that is exempt from federal and Virginia state income taxes. The fund invests primarily in long-term investment-grade securities issued by the Commonwealth of Virginia, its political subdivisions and instrumentalities, and by other government entities, the interest on which is exempt from federal income tax and Virginia state income taxes. At least 80% of the fund's net assets will consist of Virginia tax-exempt securities. The fund's dollar-weighted average portfolio maturity is not restricted, but is expected to be greater than 10 years.
Fees are Low compared to funds in the same category.
USAA Virginia Bond Fund has an expense ratio of 0.57 percent.
Risk is High compared to funds in the same category according to Morningstar.