3 / 5 Stars
3 3 3 2 5
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#13 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 -0.16 percent over the past year, 5.21 percent over the past three years, 4.63 percent over the past five years, and 3.51 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||3.2%|
|3 Years (Annualized)||5.2%|
|5 Years (Annualized)||4.6%|
|10 Years (Annualized)||3.5%|
The investment seeks to provide California investors with as high a level of current income exempt from federal income tax and California State personal income tax as is consistent with the preservation of principal. Under normal circumstances, the fund invests at least 80% of its assets in investment grade "California municipal securities," or other investments with similar economic characteristics. It focuses on investment grade bonds but may invest up to 20% of its assets in below investment grade bonds. The fund is non-diversified.
Fees are Average compared to funds in the same category.
Western Asset Intermediate Maturity CA Municipals Fund has an expense ratio of 0.75 percent.
Risk is Average compared to funds in the same category according to Morningstar.