Click here to view the fact sheet for standardized performance and additional fund details.
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted.
Yield to worst: is the average rate of return of the portfolio at current market prices, adjusting for optionality. Does not reflect the deduction of management fees and other fund expenses up to the expense cap. If management fees and expenses had been included, returns would be reduced.
12-month yield: is the sum of a fund's total trailing 12-month interest and dividend payments divided by the last month's ending share price (NAV) plus any capital gains distributed over the same period. This calculation does not include non-income items.
The Morningstar High Yield Muni Funds category included 201 funds as of March 31, 2021.
Distribution rate: is not performance and is calculated by annualizing the distribution per share for the preceding 3-month period and dividing it by the net asset value as of the reported date. This calculation does not include any non-income items such as loan proceeds, borrowings or return of capital.
Sources for the senior living sector: NIC and Senior Housing News.