| Scorecard |
|---|
|
3 / 5 Stars
|
|
Lipper
4
4
3
5
1
|
|
Zacks Investment Research
1
(Strong Buy)
|
|
Standard & Poor's
3 / 5 Stars
|
|
TheStreet.com
B+
(Buy)
|
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.
Performance
The fund has returned 5.72 percent over the past year, 6.17 percent over the past three years, 5.75 percent over the past five years, and 4.44 percent over the past decade.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 1.4% |
| 1 Year | 5.7% |
| 3 Years (Annualized) | 6.2% |
| 5 Years (Annualized) | 5.7% |
| 10 Years (Annualized) | 4.4% |
Summary
The investment seeks as high a level of current interest income exempt from regular federal, Tennessee state and, in some cases, Tennessee local income taxes as is consistent with preservation of capital. The fund invests at least 80% of its net assets in municipal bonds that pay interest that is exempt from regular federal and Tennessee personal income tax. It invests at least 80% of its net assets in investment grade municipal bonds rated BBB/Baa or higher at the time of purchase by at least one independent rating agency, or, if unrated, judged by the fund's sub-adviser to be of comparable quality.
Fees
Fees are Above Average compared to funds in the same category.
Nuveen Tennessee Municipal Bond Fund has an expense ratio of 1.36 percent.
Risk
Risk is Below Average compared to funds in the same category according to Morningstar.
