3 / 5 Stars
5 5 3 4 5
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#30 in Muni Single State Long
U.S. News evaluated 77 Muni Single State Long 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 5.05 percent over the past year, 6.05 percent over the past three years, 5.88 percent over the past five years, and 4.74 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.5%|
|3 Years (Annualized)||6.0%|
|5 Years (Annualized)||5.9%|
|10 Years (Annualized)||4.7%|
The investment seeks to maximize income exempt from federal income taxes and from the personal income taxes for resident shareholders of Tennessee to the extent consistent with prudent investing and the preservation of shareholders' capital. The fund invests at least 80% of its net assets in investment grade municipal securities whose interest is free from regular federal income taxes and from Tennessee personal income taxes. It also may have up to 100% of its assets in securities that pay interest subject to the federal alternative minimum tax. The fund may invest up to 35% of its assets in municipal securities issued by U.S. territories.
Fees are Below Average compared to funds in the same category.
Franklin Tennessee Municipal Bond Fund has an expense ratio of 0.70 percent.
Risk is Average compared to funds in the same category according to Morningstar.