4 / 5 Stars
5 4 3 5 5
Zacks Investment Research
Standard & Poor's
5 / 5 Stars
U.S. News evaluated 75 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 -2.07 percent over the past year, 2.72 percent over the past three years, 6.14 percent over the past five years, and 4.04 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-2.2%|
|3 Years (Annualized)||2.7%|
|5 Years (Annualized)||6.1%|
|10 Years (Annualized)||4.0%|
The investment seeks a high level of current income exempt from federal and Maryland state and local income taxes, consistent with prudent investment risk and preservation of capital. The fund normally invests at least 80% of its net assets in municipal obligations, the interest of which is exempt from Maryland state and local taxes and is not considered a tax preference item for the purpose of the alternative minimum tax. It may invest in securities of any maturity. The fund is non-diversified.
Fees are Low compared to funds in the same category.
Legg Mason Investment Counsel Maryland Tax-Free Income Trust has an expense ratio of 0.45 percent.
Risk is Low compared to funds in the same category according to Morningstar.