RS Tax-Exempt Fund Class A (GUTEX)

Net Asset Value
1 Day
Overall Morningstar Rating
Muni national long
Style or Category
Sales Expenses
Expense Ratio
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.


1 month+1.13% 3 years+5.40%
3 months+2.80% 5 years+4.92%
1 year-1.27% Since inception+4.79%
Data through --

Peer Comparisonvs. Muni national long

Performance 5-yr return+4.92%+6.33%
Expense ratio0.91%0.97%
Risk 5 year sharpe ratio0.991.15
Net assets$270.7M$1.4B
Average market cap--$288.3M
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


Fixed income100.00%
U.S. stock0.00%
International stock0.00%
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
-- New Jersey Econ Dev Auth1.76%
-- Illinois St Go Bds 5%1.34%
-- Texas Private Activity Bd Surf Sr 6.875%1.21%
-- New Jersey Econ Dev Auth 5%1.19%
-- Illinois St Go Bds 5%1.19%
-- Chicago Ill Sales Tax Rev Sales Ta 5.25%1.11%
-- Connecticut St Go Bds1.08%
-- New York N Y Adj Go Bd1.08%
-- Wayne Cnty Mich Arpt Auth 5%1.02%
-- Metropolitan Transn Auth 5%0.98%

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