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 08/28/2015  

  Subsidized3 Un-Subsidized4
w/o sales charge - 3.57%
w/ sales charge - 3.49%

30-Day Standardized Yield 2 as of 07/31/2015  

 
3.53%

Fund Basicsas of 07/31/2015

Total Net Assets
$1.76 B
Inception Date
04/02/1984
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
445

Expense Ratioas of 07/31/2015

Fund Expense Ratio :

Gross 0.78%

Net 0.75%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/02/1984
w/o sales charge 0.40% 4.37% 3.13% 5.46% 4.19% 6.63%
Lipper Category Avg. General & Insured Municipal Debt Funds 0.44% 3.52% 2.65% 4.51% 3.92% -
Barclays Municipal Bond Index 0.84% 3.56% 2.81% 4.39% 4.57% -
w/ sales charge -1.85% 1.99% 2.36% 4.99% 3.95% 6.55%

Fund Expense Ratio :

Gross 0.78%

Net 0.75%

Fund Expense Ratio :

Gross 0.78%

Net 0.75%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/02/1984
w/o sales charge 0.01% 4.10% 3.84% 5.67% 4.08% 6.63%
Lipper Category Avg. General & Insured Municipal Debt Funds -0.18% 3.03% 3.07% 4.62% 3.83% -
Barclays Municipal Bond Index 0.12% 3.00% 3.10% 4.50% 4.45% -
w/ sales charge -2.22% 1.73% 3.05% 5.19% 3.85% 6.56%

Fund Expense Ratio :

Gross 0.78%

Net 0.75%

Investment Team

Daniel S. Solender
Daniel S. Solender, CFA

Partner & Director

28 Years of Industry Experience

Supported By 12 Investment Professionals and 10 Years Avg. Industry Experience

Fund Performance Details next tab

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