RS High Income Municipal Bond Fund Class A (RSHMX)

10.67
Net Asset Value
+0.09%
1 Day
+6.70%
Year-to-Date
Overall Morningstar Rating
High yield muni
Style or Category
3.75
Sales Expenses
0.95%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks high current income exempt from federal income taxes with a secondary objective of capital appreciation. The fund invests primarily in municipal obligations, the interest on which is, in the opinion of the issuer's bond counsel, exempt from federal individual income tax (but not necessarily the federal alternative minimum tax (the "AMT")). It may invest any portion of its assets in obligations that pay interest subject to the AMT. Under normal circumstances at least 80% of the value of the fund's net assets will be invested in tax-exempt municipal obligations (which may include obligations that pay interest subject to the AMT).

Performance

1 month+1.12% 3 years+5.83%
3 months+2.43% 5 years--
1 year+10.94% Since inception+6.02%
Data through --

Peer Comparisonvs. High yield muni

 RSHMXCategory
Performance 5-yr return--+8.51%
Expense ratio0.95%1.03%
Risk 5 year sharpe ratio--1.21
Net assets$112.7M$1.6B
Average market cap--$28.0B
Average P/E----
Portfolio turnover19%19%

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Fund Management and Purchase Info

Fund familyRS Funds
Fund manager & tenureAlexander Grant, Jr. / 4 Years
Minimal initial investment$2,500.00
Minimum IRA investment--

Holdings

Fixed income96.30%
Cash3.71%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- Texas Private Activity Bd Surf Sr Lie 7%3.36%
-- Texas Private Activity Bd Surf Sr L 7.5%2.23%
-- Village Cmnty Dev Dist 6.125%2.14%
-- Village Cmnty Dev Dist 6.125%2.13%
-- District Columbia Rev Rev Bds 6.875%2.10%
-- Regl Transn Dist 6%2.03%
-- North Tex Twy Auth 5.75%2.02%
-- Farmington N Mex Pollutn Ctl R Poll 5.9%2.01%
-- New Jersey Econ Dev Auth 5.875%1.99%
-- Tulare Calif Redev Agy Tax All Ta 6.125%1.98%

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