3 / 5 Stars
3 3 3 4 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 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 0.34 percent over the past year, 5.05 percent over the past three years, 4.08 percent over the past five years, and 3.63 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||1.5%|
|3 Years (Annualized)||5.1%|
|5 Years (Annualized)||4.1%|
|10 Years (Annualized)||3.6%|
The investment seeks income that is exempt from Federal and California income tax and is consistent with preservation of capital. The fund invests at least 80% of its total assets in "California Municipal Securities," which are defined as debt obligations issued by the State of California, local governments and other authorities in California, and their agencies and instrumentalities, or by other issuers, all of which pay interest income exempt from California personal income tax. It invests at least 75% of its total assets in investment grade bonds, but may invest up to 25% of its total assets in junk bonds. The fund is non-diversified.
Fees are Below Average compared to funds in the same category.
Payden California Municipal Income Fund has an expense ratio of 0.55 percent.
Risk is Average compared to funds in the same category according to Morningstar.