2 / 5 Stars
1 1 5 4 2
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#13 in Muni Single State Short
U.S. News evaluated 19 Muni Single State Short 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 2.36 percent over the past year, 1.63 percent over the past three years, 2.10 percent over the past five years, and 2.67 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||1.2%|
|3 Years (Annualized)||1.6%|
|5 Years (Annualized)||2.1%|
|10 Years (Annualized)||2.7%|
The investment seeks to provide current income exempt from federal income taxes and from the personal income taxes of Alabama and to preserve capital. The fund invests primarily (under normal circumstances, at least 80% of its net assets, including the amount of any borrowings for investment purposes) in municipal bonds, notes and other debt instruments the interest on which is exempt from federal income taxes, including the alternative minimum tax, and from the personal income taxes of Alabama. Its weighted average maturity is expected to be between 3 and 10 years. The fund is non-diversified.
Fees are Below Average compared to funds in the same category.
Alabama Tax-Free Bond Fund has an expense ratio of 0.65 percent.
Risk is Average compared to funds in the same category according to Morningstar.