| Scorecard |
|---|
|
3 / 5 Stars
|
|
Lipper
4
4
3
4
3
|
|
Zacks Investment Research
4
(Sell)
|
|
Standard & Poor's
5 / 5 Stars
|
|
TheStreet.com
A
(Buy)
|
#3 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.
Performance
The fund has returned 4.99 percent over the past year, 5.77 percent over the past three years, 5.06 percent over the past five years, and 4.35 percent over the past decade.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 1.5% |
| 1 Year | 5.0% |
| 3 Years (Annualized) | 5.8% |
| 5 Years (Annualized) | 5.1% |
| 10 Years (Annualized) | 4.4% |
Summary
The investment seeks income free from Federal and California state income taxes, including the alternative minimum tax. The fund normally invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in intermediate-term California municipal bonds that are free from both Federal and California state income taxes, including the AMT. It is intended for California residents. The bonds in which the fund typically invests have a rating comparable to the four highest ratings categories of "Moody's" or "S&P", with a dollar-weighted average maturity of 3 to 10 years. The fund is non-diversified.
Fees
Fees are Below Average compared to funds in the same category.
Managers California Intermediate Tax Free Fund has an expense ratio of 0.55 percent.
Risk
Risk is Average compared to funds in the same category according to Morningstar.
