3 / 5 Stars
3 3 2 3 5
Zacks Investment Research
1 (Strong Buy)
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 7.44 percent over the past year, 6.58 percent over the past three years, 7.17 percent over the past five years, and 4.33 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||8.2%|
|3 Years (Annualized)||6.6%|
|5 Years (Annualized)||7.2%|
|10 Years (Annualized)||4.3%|
The investment seeks high current income that is exempt from federal and California income taxes. The portfolio normally invests at least 80% of the fund's net assets in municipal securities with income payments exempt from federal and California income taxes. It invests in California municipal and other debt securities with an emphasis on high-yield securities. A high-yield security is one that has been rated below investment-grade, or determined by the investment advisor to be of similar quality. The fund is non-diversified.
Fees are High compared to funds in the same category.
American Century California High Yield Municipal Fund has an expense ratio of 1.50 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.