3 / 5 Stars
3 3 3 2 2
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#12 in Muni California Intermediate
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 0.39 percent over the past year, 4.52 percent over the past three years, 4.51 percent over the past five years, and 3.56 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||2.5%|
|3 Years (Annualized)||4.5%|
|5 Years (Annualized)||4.5%|
|10 Years (Annualized)||3.6%|
The investment seeks the highest level of current income exempt from federal and California state income taxes as is consistent with the preservation of capital. The fund typically invests at least 80% of assets in investment grade municipal securities that pay interest that is exempt from federal and California state income taxes. The principal issuers of these securities are state and local governments and their agencies located in California, as well as in Puerto Rico and other U.S. territories and possessions. The sub-adviser strives to maintain an average weighted portfolio maturity of three to ten years. It is non-diversified.
Fees are Below Average compared to funds in the same category.
SEI Tax-Exempt California Municipal Bond Fund has an expense ratio of 0.60 percent.
Risk is Average compared to funds in the same category according to Morningstar.