Northern Arizona Tax Exempt Fund

Class No Load (NOAZX)
Scorecard
4 / 5 Stars
Lipper
5 5 2 5 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
TheStreet.com
A (Buy)

#4 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.

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Performance

The fund has returned 0.41 percent over the past year, 6.00 percent over the past three years, 5.45 percent over the past five years, and 4.06 percent over the past decade.

Trailing Returns Updated 03.31.2014
Year to date 3.2%
1 Year 0.4%
3 Years (Annualized) 6.0%
5 Years (Annualized) 5.4%
10 Years (Annualized) 4.1%

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Summary

The investment seeks to provide high current income exempt from regular federal income tax and Arizona State personal income tax. The fund invests at least 80% of the net assets in debt instruments that pay interest that is exempt from regular federal income tax. It invests at least 80% of net assets in instruments that pay income that is exempt from Arizona State personal income tax. The fund's dollar-weighted average maturity will range between ten and thirty years. It may invest to a limited extent in obligations that are rated below-investment grade (commonly referred to as "junk bonds"). The fund is non-diversified.

Fees

Fees are Low compared to funds in the same category.
Northern Arizona Tax Exempt Fund has an expense ratio of 0.45 percent.

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Risk

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

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