RS High Income Municipal Bond Fund Class A (RSHMX)

Net Asset Value
1 Day
Overall Morningstar Rating
High yield muni
Style or Category
Sales Expenses
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).


1 month+2.00% 3 years+4.93%
3 months+3.26% 5 years+6.48%
1 year+13.00% Since inception+6.36%
Data through --

Peer Comparisonvs. High yield muni

Performance 5-yr return+6.48%+6.63%
Expense ratio0.95%1.02%
Risk 5 year sharpe ratio1.271.22
Net assets$120.2M$1.6B
Average market cap--$38.5B
Average P/E--60.0
Portfolio turnover19%19%

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. / 5 Years
Minimal initial investment$2,500.00
Minimum IRA investment--


Fixed income99.10%
U.S. stock0.00%
International stock0.00%
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%3.39%
-- Texas Private Activity Bd Surf Sr L 7.5%2.24%
-- Village Cmnty Dev Dist 6.125%2.23%
-- Village Cmnty Dev Dist 6.125%2.22%
-- District Columbia Rev Rev Bds 6.875%2.11%
-- Regl Transn Dist 6%2.05%
-- North Tex Twy Auth 5.75%2.02%
-- Farmington N Mex Pollutn Ctl R Poll 5.9%2.02%
-- New Jersey Econ Dev Auth 5.875%1.99%
-- Miami-Dade Cnty Fla Health Fac Re 6.125%1.98%

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: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. 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 2015 and/or its affiliates.