4 / 5 Stars
5 5 3 4 4
Zacks Investment Research
Standard & Poor's
3 / 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 5.81 percent over the past year, 5.55 percent over the past three years, 5.76 percent over the past five years, and 4.35 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||5.3%|
|3 Years (Annualized)||5.5%|
|5 Years (Annualized)||5.8%|
|10 Years (Annualized)||4.4%|
The investment seeks to provide as high a level of income exempt from federal income taxes and California personal income taxes as is consistent with prudent investment management and the preservation of shareholders' capital. The fund normally invests at least 80% of its total assets in securities that pay interest free from federal income taxes, including the federal alternative minimum tax, and from California personal income taxes. It invests at least 65% of its total assets in California municipal securities. The fund also may invest up to 35% of its total assets in municipal securities issued by U.S. territories.
Fees are Above Average compared to funds in the same category.
Franklin California Intermediate-Term Tax-Free Income Fund has an expense ratio of 0.63 percent.
Risk is High compared to funds in the same category according to Morningstar.