2 / 5 Stars
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Zacks Investment Research
Standard & Poor's
2 / 5 Stars
U.S. News evaluated 34 Muni California Long 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 5.48 percent over the past year, 4.92 percent over the past three years, 5.63 percent over the past five years, and 4.12 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||6.2%|
|3 Years (Annualized)||4.9%|
|5 Years (Annualized)||5.6%|
|10 Years (Annualized)||4.1%|
The investment seeks to earn the highest level of current income, exempt from federal income tax and California personal income tax, that is available without assuming what the Adviser considers to be undue risk to income or principal. The fund invests principally in high-yielding, predominantly investment grade municipal securities. It invests at least 80% of its net assets in municipal securities that pay interest that is exempt from federal income tax. These securities may pay interest that is subject to the federal alternative minimum tax ("AMT") for certain taxpayers.
Fees are High compared to funds in the same category.
AllianceBernstein Municipal Income Fund California Port has an expense ratio of 1.50 percent.
Risk is Low compared to funds in the same category according to Morningstar.