Best Mutual Funds

The U.S. News Mutual Fund Score offers a broad look at what some of the brightest minds conducting investment analysis have to say about more than 4,500 mutual funds using ratings from Morningstar, Lipper, Zacks, TheStreet.com, and Standard & Poor's. To learn more about our score, see the methodology.

High Yield Muni

9.0

T. Rowe Price Tax Free High Yield Fund (PRFHX)

Performance (1-YR): 16.55% Expense Ratio: 0.68%

8.9

Ivy Municipal High Income Fund (WYMHX)

Performance (1-YR): 15.82% Expense Ratio: 0.70%

8.7

MFS Municipal High Income Fund (MMHYX)

Performance (1-YR): 17.08% Expense Ratio: 0.69%

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Muni California Long

8.5

Franklin California High Yield Municipal Fund (FCAMX)

Performance (1-YR): 22.62% Expense Ratio: 0.62%

8.3

T. Rowe Price California Tax Free Bond Fund (PRXCX)

Performance (1-YR): 14.31% Expense Ratio: 0.51%

8.2

Northern California Tax Exempt Fund (NCATX)

Performance (1-YR): 16.38% Expense Ratio: 0.45%

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Muni Massachusetts

8.0

Vanguard Massachusetts Tax-Exempt Fund (VMATX)

Performance (1-YR): 11.13% Expense Ratio: 0.17%

7.8

Putnam Massachusetts Tax Exempt Income Fund (PXMAX)

Performance (1-YR): 14.01% Expense Ratio: 0.77%

7.7

Fidelity Massachusetts Municipal Income Fund (FDMMX)

Performance (1-YR): 11.96% Expense Ratio: 0.46%

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Muni Minnesota

8.1

SIT Minnesota Tax Free Income Fund (SMTFX)

Performance (1-YR): 12.49% Expense Ratio: 0.88%

7.9

Oppenheimer Rochester Minnesota Municipal Fund (OPAMX)

Performance (1-YR): 18.31% Expense Ratio: 0.80%

7.6

Delaware Minnesota High Yield Municipal Bond Fund (DVMHX)

Performance (1-YR): 13.43% Expense Ratio: 0.89%

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Muni National Interm

8.7

USAA Tax Exempt Intermediate Term Fund (USATX)

Performance (1-YR): 11.26% Expense Ratio: 0.52%

8.7

Vanguard High Yield Tax Exempt Fund (VWAHX)

Performance (1-YR): 14.08% Expense Ratio: 0.20%

8.5

TIAA-CREF Tax Exempt Bond Fund (TITIX)

Performance (1-YR): 11.46% Expense Ratio: 0.35%

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Muni National Long

9.4

T. Rowe Price Summit Municipal Income Fund (PRINX)

Performance (1-YR): 14.01% Expense Ratio: 0.50%

8.9

Fidelity Tax Free Bond Fund (FTABX)

Performance (1-YR): 12.82% Expense Ratio: 0.25%

8.6

BlackRock National Municipal Fund (MDNLX)

Performance (1-YR): 15.37% Expense Ratio: 0.73%

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Muni National Short

7.4

USAA Tax Exempt Short Term Fund (USSTX)

Performance (1-YR): 4.41% Expense Ratio: 0.54%

6.7

Thornburg Limited Term Municipal Fund (LTMFX)

Performance (1-YR): 7.01% Expense Ratio: 0.74%

6.7

T. Rowe Price Tax Free Short/Intermediate Fund (PRFSX)

Performance (1-YR): 4.85% Expense Ratio: 0.49%

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Muni New Jersey

8.5

T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX)

Performance (1-YR): 12.74% Expense Ratio: 0.52%

7.9

Legg Mason Western Asset New Jersey Municipals Fund (SHNJX)

Performance (1-YR): 13.66% Expense Ratio: 0.74%

7.4

Vanguard New Jersey Long Term Tax Exempt Fund (VNJTX)

Performance (1-YR): 12.58% Expense Ratio: 0.20%

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Muni New York Long

8.8

T. Rowe Price New York Tax Free Bond Fund (PRNYX)

Performance (1-YR): 12.19% Expense Ratio: 0.51%

7.9

Invesco Van Kampen New York Tax Free Income (VNYAX)

Performance (1-YR): 15.07% Expense Ratio: 0.66%

7.5

Rochester Fund Municipals Fund (RMUNX)

Performance (1-YR): 20.73% Expense Ratio: 0.69%

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Muni Ohio

8.4

Vanguard Ohio Long Term Tax Exempt Fund (VOHIX)

Performance (1-YR): 12.24% Expense Ratio: 0.17%

7.4

Fidelity Ohio Municipal Income Fund (FOHFX)

Performance (1-YR): 10.75% Expense Ratio: 0.49%

7.0

Oppenheimer Rochester Ohio Municipal Fund (OROHX)

Performance (1-YR): 16.71% Expense Ratio: 0.80%

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Muni Pennsylvania

7.9

Franklin Pennsylvania Tax-Free Income Fund (FRPAX)

Performance (1-YR): 14.55% Expense Ratio: 0.64%

7.7

Delaware Tax Free Pennsylvania Fund (DELIX)

Performance (1-YR): 13.56% Expense Ratio: 0.88%

7.5

Vanguard Pennsylvania Long Term Tax Exempt Fund (VPAIX)

Performance (1-YR): 11.82% Expense Ratio: 0.20%

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Muni Single State Interm

7.6

Fidelity Michigan Municipal Income Fund (FMHTX)

Performance (1-YR): 10.40% Expense Ratio: 0.49%

7.4

USAA Virginia Bond Fund (USVAX)

Performance (1-YR): 13.38% Expense Ratio: 0.51%

7.1

Tax Free Trust of Utah Fund (UTAHX)

Performance (1-YR): 10.92% Expense Ratio: 0.83%

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Muni Single State Long

8.9

T. Rowe Price Maryland Tax Free Bond Fund (MDXBX)

Performance (1-YR): 12.93% Expense Ratio: 0.46%

8.8

T. Rowe Price Georgia Tax Free Bond Fund (GTFBX)

Performance (1-YR): 12.98% Expense Ratio: 0.55%

8.4

Vanguard Florida Focused Long Term Tax Exempt Fund (VFLTX)

Performance (1-YR): 12.92% Expense Ratio: 0.20%

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Updated 04.04.2012

Top Performing Mutual Funds as of 04.04.2012

ProFunds Short Precious Metals Fund (SPPIX)

U.S. Stocks | Bear Market

Total Return: 10.69%

Biondo Focus Fund (BFONX)

U.S. Stocks | Large Growth

Total Return: 8.84%

Tilson Focus Fund (TILFX)

U.S. Stocks | Mid-Cap Value

Total Return: 8.14%

PIMCO Extended Duration Fund (PEDIX)

Municipal Bond Funds | Long Government

Total Return: 43.47%

Vanguard Extended Duration Treasury Index Fund (VEDTX)

Municipal Bond Funds | Long Government

Total Return: 43.45%

Wasatch-Hoisington U.S. Treasury Fund (WHOSX)

Municipal Bond Funds | Long Government

Total Return: 32.82%

Oceanstone Fund (OSFDX)

U.S. Stocks | Small Value

Total Return: 42.14%

Reynolds Blue Chip Growth Fund (RBCGX)

U.S. Stocks | Large Growth

Total Return: 14.72%

Berkshire Focus Fund (BFOCX)

Sector Funds | Technology

Total Return: 14.49%

* annualized