2 / 5 Stars
1 1 3 2 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#26 in Muni Single State Long
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.
The fund has returned -0.77 percent over the past year, 3.64 percent over the past three years, 3.50 percent over the past five years, and 3.17 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||2.4%|
|3 Years (Annualized)||3.6%|
|5 Years (Annualized)||3.5%|
|10 Years (Annualized)||3.2%|
The investment seeks to receive income from municipal bonds and to distribute that income to its investors as tax-free dividends; the secondary objective is to distribute dividends that are intended to be exempt from Virginia (and local) tax and federal tax. The fund invests at least 80% of its net assets (including borrowings for investment purposes) in municipal bonds that are exempt from federal and state income tax for residents of Virginia. It only invests in investment grade bonds. Under normal market conditions, the fund will have an average duration range of 3 to 10 years, although it is expected to center around 5 to 8 years.
Fees are Below Average compared to funds in the same category.
Madison Tax-Free Virginia Fund has an expense ratio of 0.85 percent.
Risk is Low compared to funds in the same category according to Morningstar.