2 / 5 Stars
2 2 4 2 2
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 5.33 percent over the past year, 3.67 percent over the past three years, 3.80 percent over the past five years, and 3.55 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||3.9%|
|3 Years (Annualized)||3.7%|
|5 Years (Annualized)||3.8%|
|10 Years (Annualized)||3.5%|
The investment seeks high current income that is exempt from federal income tax and California personal income tax. The fund invests primarily in investment-grade municipal bonds and notes that are tax-exempt in California. Under normal market conditions, it will invest at least 80% of its net assets in bonds, the income from which is exempt from both federal income tax and California personal income tax. Although the fund will invest primarily in California municipal bonds, it may also invest in municipal bonds from other states, territories and possessions of the United States if the income from these bonds is exempt from U.S. federal income taxes.
Fees are Above Average compared to funds in the same category.
Nationwide 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.