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Madison Tax-Free Virginia Y (GTVAX)

11.64 Up 0.01(0.09%) Sep 19
Prev Close:11.63
YTD Return*:5.90%
Net Assets*:23.34M
Yield*:2.56%

* As of 31-Aug-14

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

Headlines

  • No Headlines available for GTVAX at this time.

Top Holdings

Symbol% AssetsYTD Return %
Upper Occoquan Sew Auth 5.15%4.90N/A
Richmond Va Pub Util Rev Pub Util 4.5%4.26N/A
Newport News Va Econ Dev A Econ Dev 5%3.49N/A
Fairfax Cnty Va Redev & Hsg Au Rev 4.75%3.34N/A
Suffolk Va Redev & Hsg Auth 5.6%3.25N/A

Fund Basics

Morningstar Overall Rating:
Total Assets:23.34M
Category:Muni Single State Long
Annual Report Expense Ratio (net):0.85%

Performance & Risk

YTD Return:5.90%
5y Avg Return:3.71%
Rank in Category (ytd):96
% Rank in Category (ytd):32.32%
Beta (3y):0.91
Morningstar Risk Rating:1

Fund Summary

The investment seeks to receive income from municipal bonds and to distribute that income to its investors as tax-free dividends; the secondary objective is to distribute dividends that are intended to be exempt from Virginia (and local) tax and federal tax. The fund invests at least 80% of its net assets (including borrowings for investment purposes) in municipal bonds that are exempt from federal and state income tax for residents of Virginia. It only invests in investment grade bonds. Under normal market conditions, the fund will have an average duration range of 3 to 10 years, although it is expected to center around 5 to 8 years. View More
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