3 / 5 Stars
1 1 4 5 1
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#9 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 0.68 percent over the past year, 2.74 percent over the past three years, 2.89 percent over the past five years, and 2.99 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||1.6%|
|3 Years (Annualized)||2.7%|
|5 Years (Annualized)||2.9%|
|10 Years (Annualized)||3.0%|
The investment seeks as high a level of current income exempt from Federal income tax as is consistent with preservation of capital. The fund normally invests at least 80% of the value of its net assets in intermediate and long-term tax-exempt obligations of the State of New Jersey and its political subdivisions, agencies, instrumentalities and authorities, including regional governmental authorities. It may also invest in U.S. government obligations issued or guaranteed by the U.S. government, its agencies and instrumentalities. The fund expects to maintain a dollar-weighted average maturity of 3 to 10 years. It is non-diversified.
Fees are Low compared to funds in the same category.
Glenmede Fund New Jersey Municipal Portfolio has an expense ratio of 0.29 percent.
Risk is Average compared to funds in the same category according to Morningstar.