RS Tax-Exempt Fund Class A (GUTEX)

10.82
Net Asset Value
+0.09%
1 Day
+5.05%
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+0.63% 3 years+3.59%
3 months+1.62% 5 years+4.41%
1 year+8.19% Since inception+4.86%
Data through --

Peer Comparisonvs. Muni national long

 GUTEXCategory
Performance 5-yr return+4.41%+4.64%
Expense ratio0.93%0.97%
Risk 5 year sharpe ratio1.011.15
Net assets$237.9M$1.4B
Average market cap--$34.6B
Average P/E--60.0
Portfolio turnover26%26%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyRS Funds
Fund manager & tenureAlexander Grant, Jr. / 21 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00

Holdings

Fixed income99.50%
Cash0.50%
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%1.57%
-- Texas Private Activity Bd Surf Sr 6.875%1.56%
-- Wayne Cnty Mich Arpt Auth 5%1.27%
-- Prince Georges Cnty Md Go Cons P 5%1.14%
-- North Tex Twy Auth 6%1.10%
-- California St Various P 6%1.04%
-- California St Go Bds 6.5%1.04%
-- Virginia St Res Auth 5%1.03%
-- Charleston Cnty S C Go Cap Im 5%1.02%
-- California St Go Bds 6%1.01%

To view my watchlist

Not a member yet?

Sign up now for a free account

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.