1 / 5 Stars
4 4 4 2 1
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
#12 in Muni California Intermediate
U.S. News evaluated 19 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 2.73 percent over the past year, 3.95 percent over the past three years, 4.14 percent over the past five years, and 3.41 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.0%|
|3 Years (Annualized)||4.0%|
|5 Years (Annualized)||4.1%|
|10 Years (Annualized)||3.4%|
The investment seeks to provide current income exempt from Federal and California state income tax by investing primarily in California municipal bonds. The fund invests at least 80% of net assets in intermediate-term, high quality municipal bonds and notes, the interest from which is expected to be exempt from federal and California state personal income taxes. It may also invest in short-term tax exempt commercial paper, floating rate notes or shares of money market mutual funds whose objectives are consistent with the fund's objectives. The average duration of its portfolio typically ranges from three to eight years. The fund is non-diversified.
Fees are Below Average compared to funds in the same category.
CNI Charter California Tax Exempt Bond Fund has an expense ratio of 0.58 percent.
Risk is Low compared to funds in the same category according to Morningstar.