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 05/05/2016  

  Subsidized3 Un-Subsidized4
w/o sales charge - 3.55%
w/ sales charge - 3.46%

30-Day Standardized Yield 2 as of 03/31/2016  

 
3.43%

Fund Basicsas of 03/31/2016

Total Net Assets
$1.93 B
Inception Date
04/02/1984
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
479

Expense Ratioas of 04/30/2016

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 2.98% 5.58% 3.39% 6.95% 4.68% 6.66%
Lipper Category Avg. General & Insured Municipal Debt Funds 2.31% 4.88% 3.11% 5.60% 4.27% -
Barclays Municipal Bond Index 2.42% 5.29% 3.51% 5.37% 4.94% -
w/ sales charge 0.67% 3.21% 2.61% 6.47% 4.44% 6.59%

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 2.14% 4.20% 3.57% 7.17% 4.59% 6.65%
Lipper Category Avg. General & Insured Municipal Debt Funds 1.51% 3.49% 3.24% 5.80% 4.19% -
Barclays Municipal Bond Index 1.67% 3.98% 3.63% 5.59% 4.86% -
w/ sales charge -0.15% 1.89% 2.78% 6.68% 4.36% 6.58%

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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