3 / 5 Stars
4 3 3 2 5
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 5.69 percent over the past year, 4.92 percent over the past three years, 4.91 percent over the past five years, and 3.94 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||5.8%|
|3 Years (Annualized)||4.9%|
|5 Years (Annualized)||4.9%|
|10 Years (Annualized)||3.9%|
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 may invest up to 20% of its assets in unrated securities that the subadviser determines to be equivalent to investment grade. The fund may invest in securities of any maturity. It is non-diversified.
Fees are Above 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 Above Average compared to funds in the same category according to Morningstar.