1 / 5 Stars
2 1 4 2 2
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#15 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 1.61 percent over the past year, 3.39 percent over the past three years, 3.99 percent over the past five years, and 3.15 percent over the past decade.
|Trailing Returns||Updated 05.31.2013|
|Year to date||-0.3%|
|3 Years (Annualized)||3.4%|
|5 Years (Annualized)||4.0%|
|10 Years (Annualized)||3.1%|
The investment seeks high current income. The fund invests primarily in investment-grade municipal bonds and notes that are tax-exempt in California. It considers a security to be investment grade if it is rated BBB- or better by S&P; Baa3 or better. Under normal market conditions, the fund will invest at least 80% of its assets in bonds the income from which is exempt from both federal income tax and California personal income tax. It also may invest in futures and options on futures for the purpose of achieving the fund's objectives and for adjusting portfolio duration.
Fees are Average compared to funds in the same category.
HighMark California Intermediate Tax-Free Bond Fund has an expense ratio of 0.79 percent.
Risk is Low compared to funds in the same category according to Morningstar.