4 / 5 Stars
5 5 3 5 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 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 1.13 percent over the past year, 5.91 percent over the past three years, 5.50 percent over the past five years, and 3.86 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||3.0%|
|3 Years (Annualized)||5.9%|
|5 Years (Annualized)||5.5%|
|10 Years (Annualized)||3.9%|
The investment seeks to provide a higher level of current income than shorter-term bonds, but with less share-price fluctuation than longer-term bonds. The fund invests primarily in high-quality municipal bonds issued by California state and local governments and regional governmental authorities. At least 80% of its assets will be invested in securities whose income is exempt from federal and California state taxes. Although the fund has no limitations on the maturities of individual securities, its dollar-weighted average maturity is expected to be between 6 and 12 years. The fund is non-diversified.
Fees are Low compared to funds in the same category.
Vanguard California Intermediate Term Tax Exempt Fund has an expense ratio of 0.20 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.