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Alabama Tax-Free Bond (ALABX)

10.48 0.00(0.00%) May 27
Prev Close:10.48
YTD Return*:0.98%
Net Assets*:28.81M
Yield*:1.26%

* As of 30-Apr-16

Quotes delayed, except where indicated otherwise. Currency in USD.

Headlines

  • No Headlines available for ALABX at this time.

Top Holdings

Symbol% AssetsYTD Return %
Huntsville Ala Go Wts 5%2.92N/A
Foley Ala Utils Brd Utils Rev Rev Bds 4%2.67N/A
Mobile Cnty Ala Go Ref Bd 5%2.23N/A
Sheffield Ala Elec Rev Elec 4%2.18N/A
Baldwin Cnty Ala Brd Ed Cap Outla 5%2.17N/A

Fund Basics

Morningstar Overall Rating:
Total Assets:28.81M
Category:Muni Single State Short
Annual Report Expense Ratio (net):0.65%

Performance & Risk

YTD Return:0.98%
5y Avg Return:1.53%
Rank in Category (ytd):65
% Rank in Category (ytd):138.3%
Beta (3y):0.36
Morningstar Risk Rating:3

Fund Summary

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. View More
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