RiverSource Tax-Exempt High Income C
70100 Ameriprise Financial Center Minneapolis MN 55474
Map
Phone: 888-791-3380
| Category: | Muni National Long | | Fund Family: | RiverSource | | Net Assets: | 14.96M | | Year-to-Date Return: | 17.07% | | Yield: | 3.58% | | Morningstar Rating: |  | | Fund Inception Date: | 26-Jun-00 |
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Catherine M. Stienstra
Lead Manager since
01-Aug-07 | | | Stienstra is a portfolio manager and Leader of the municipal sector team with RiverSource Investments. She joined the company since July 2007. Prior to that, Stienstra worked as Director and Senior Portfolio Manager for FAF Advisors, since 1998 to 2007, and worked with Piper Capital Management since 1990 to 1998. She began her investment career in 1988. |
| Min Initial Investment: | $2,000 | | Min Initial Investment, IRA: | NaN | | Min Initial Investment, AIP: | $100 | | Min Subsequent Investment: | $100 | | Min Subsequent Investment, IRA: | N/A | | Min Subsequent Investment, AIP: | $100 |
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| The investment seeks a high yield exempt from federal income taxes. The fund normally invests at least 80% of net assets in municipal bonds and in other debt obligations issued by or on behalf of state or local governmental units whose interest is exempt from federal income tax and is not subject to the alternative minimum tax(AMT). It may invest up to 20% of net assets in debt obligations the interest from which is subject to AMT. The fund invests in medium and higher quality municipal bonds and other debt obligations. It may also invest in lower-quality bonds which help to obtain a higher portfolio yield. |
| Last Dividend
(26-Oct-09):
| 0.01 | | Last Cap Gain
(17-Dec-07):
| 0.00 | | Annual Holdings Turnover
| YFT_NOT_APPLICABLE_ABBREVIATION | | Average for Category:
| 51.28% |
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| Expense | AHECX | Category
Avg | | Total Expense Ratio: | 1.66%
| 1.01% | | Max 12b1 Fee: | 1.00%
| N/A | | Max Front End Sales Load: | %
| 4.27% | | Max Deferred Sales Load: | 1.00%
| 2.69% | | 3 Yr Expense Projection*: |
$ 541 | $543 | | 5 Yr Expense Projection*: |
$ 937 | $790 | | 10 Yr Expense Projection*: |
$ 2,050 | $1,478 |
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