4 / 5 Stars
5 5 4 5 5
Zacks Investment Research
Standard & Poor's
5 / 5 Stars
U.S. News evaluated 16 Muni California Intermediate Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 0.56 percent over the past year, 5.61 percent over the past three years, 5.26 percent over the past five years, and 3.87 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||2.6%|
|3 Years (Annualized)||5.6%|
|5 Years (Annualized)||5.3%|
|10 Years (Annualized)||3.9%|
The investment seeks safety of principal and high current income that is exempt from federal and California income taxes. The fund primarily invests in investment-grade debt securities and, under normal market conditions, will invest at least 80% of the fund's net assets in debt securities that have interest payments exempt from federal and California income taxes. Cities, counties and other municipalities in California and U.S. territories, such as Puerto Rico, issue these securities. The fund's weighted average maturity will be not less than three years nor more than ten years. However, there is no maturity limit on individual securities.
Fees are Low compared to funds in the same category.
American Century California Intermediate-Term Tax-Free Bond Fund has an expense ratio of 0.27 percent.
Risk is Average compared to funds in the same category according to Morningstar.