RS Tax-Exempt Fund Class A (GUTEX)

10.78
Net Asset Value
+0.19%
1 Day
+4.66%
Year-to-Date
Overall Morningstar Rating
Muni national long
Style or Category
3.75
Sales Expenses
0.93%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective The investment seeks to maximize current income exempt from federal income taxes, consistent with the preservation of capital. The fund invests primarily in investment-grade municipal obligations, the interest on which is, in the opinion of the issuer's bond counsel, exempt from federal income tax including the federal alternative minimum tax ("AMT"). Its investment team allocates the fund's investments among a diversified portfolio of investment-grade municipal obligations and will invest primarily in municipal securities with remaining maturities of between seven and 25 years.

Performance

1 month+0.27% 3 years+3.85%
3 months+1.51% 5 years+3.90%
1 year+7.06% Since inception+4.87%
Data through --

Peer Comparisonvs. Muni national long

 GUTEXCategory
Performance 5-yr return+3.90%+6.06%
Expense ratio0.93%0.97%
Risk 5 year sharpe ratio0.961.07
Net assets$246.9M$1.5B
Average market cap--$28.0B
Average P/E----
Portfolio turnover26%26%

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Fund Management and Purchase Info

Fund familyRS Funds
Fund manager & tenureAlexander Grant, Jr. / 20 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00

Holdings

Fixed income98.96%
Cash1.04%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Energy 17.35%
Financial service 14.49%
Healthcare 13.27%
Industrial materials 11.02%
Business service 10.00%
Top 10 Holdings
Portfolio weighting
-- Illinois St Go Bds 5%1.48%
-- Texas Private Activity Bd Surf Sr 6.875%1.45%
-- Illinois St Go Bds 5%1.30%
-- Wayne Cnty Mich Arpt Auth 5%1.19%
-- Prince Georges Cnty Md Go Cons P 5%1.04%
-- North Tex Twy Auth 6%1.03%
-- New Jersey Econ Dev Auth0.97%
-- California St Various P 6%0.97%
-- California St Go Bds 6.5%0.96%
-- Charleston Cnty S C Go Cap Im 5%0.95%

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