Hancock Horizon Louisiana Tax-Free Income Fund

Scorecard
3 / 5 Stars
Lipper
4 3 1 1 1
Zacks Investment Research
3 (Hold)
Standard & Poor's
3 / 5 Stars
TheStreet.com
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U.S. News evaluated 80 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.

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Performance

The fund has returned -4.88 percent over the past year, and 5.00 percent over the past three years.

Trailing Returns Updated 02.28.2014
Year to date 6.0%
1 Year -4.9%
3 Years (Annualized) 5.0%
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks current income exempt from both federal income tax and Louisiana personal income tax. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that pay interest that is exempt from federal and Louisiana income tax. It may invest up to 35% of its total assets in municipal securities issued by U.S. territories. The fund may invest up to 20% of its net assets in securities that pay interest subject to the federal alternative minimum tax and in securities that pay taxable interest. It is non-diversified.

Fees

Fees are Below Average compared to funds in the same category.
Hancock Horizon Louisiana Tax-Free Income Fund has an expense ratio of 0.75 percent.

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Risk

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

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