What is the National Tax Free Fund ?

The Fund seeks to deliver a high level of income exempt from federal taxation by investing primarily in investment grade municipal bonds with select exposure to lower-rated municipal bonds.

Yield

Dividend Yield 1 as of 02/08/2016  

  Subsidized3 Un-Subsidized4
w/o sales charge - 3.54%
w/ sales charge - 3.47%

30-Day Standardized Yield 2 as of 01/31/2016  

 
3.44%

Fund Basicsas of 12/31/2015

Total Net Assets
$1.83 B
Inception Date
04/02/1984
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
449

Expense Ratioas of 01/31/2016

Fund Expense Ratio :

Gross 0.77%

Net 0.75%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/02/1984
w/o sales charge 1.36% 2.58% 3.23% 7.30% 4.53% 6.66%
Lipper Category Avg. General & Insured Municipal Debt Funds 0.92% 2.14% 2.95% 6.01% 4.15% -
Barclays Municipal Bond Index 1.19% 2.71% 3.42% 5.75% 4.81% -
w/ sales charge -0.91% 0.25% 2.44% 6.80% 4.29% 6.58%

Fund Expense Ratio :

Gross 0.77%

Net 0.75%

Fund Expense Ratio :

Gross 0.77%

Net 0.75%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/02/1984
w/o sales charge 3.28% 3.28% 3.04% 6.69% 4.40% 6.63%
Lipper Category Avg. General & Insured Municipal Debt Funds 2.98% 2.98% 2.85% 5.57% 4.08% -
Barclays Municipal Bond Index 3.30% 3.30% 3.16% 5.35% 4.72% -
w/ sales charge 0.98% 0.98% 2.26% 6.21% 4.16% 6.56%

Fund Expense Ratio :

Gross 0.77%

Net 0.75%

Investment Team

Daniel S. Solender
Daniel S. Solender, CFA

Partner & Director

29 Years of Industry Experience

Supported By 14 Investment Professionals and 11 Years Avg. Industry Experience

Fund Performance Details next tab

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