4 / 5 Stars
5 5 3 5 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
#2 in Muni Single State Long
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.
The fund has returned 6.22 percent over the past year, 6.52 percent over the past three years, 5.95 percent over the past five years, and 4.79 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.6%|
|3 Years (Annualized)||6.5%|
|5 Years (Annualized)||6.0%|
|10 Years (Annualized)||4.8%|
The investment seeks current income that is exempt from federal income taxes. The fund invests primarily in high-quality municipal bonds issued by state and local governments and regional governmental authorities. At least 80% of its assets will be invested in securities whose income is exempt from federal and Florida taxes, if any. Although the fund has no limitations on the maturities of individual securities, its dollar-weighted average maturity is expected to be between 10 and 25 years. The fund invests a majority of its assets in municipal bonds of Florida issuers but may invest up to 50% in non-Florida municipal bonds. It is non-diversified.
Fees are Low compared to funds in the same category.
Vanguard Florida Focused Long Term Tax Exempt Fund has an expense ratio of 0.20 percent.
Risk is Average compared to funds in the same category according to Morningstar.