1 / 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 -1.65 percent over the past year, 6.12 percent over the past three years, 5.00 percent over the past five years, and 3.16 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||2.1%|
|3 Years (Annualized)||6.1%|
|5 Years (Annualized)||5.0%|
|10 Years (Annualized)||3.2%|
The investment seeks safety of principal and high current income that is exempt from federal and California income taxes. Under normal market conditions, the portfolio invests at least 80% of the fund's net assets in debt securities with interest payments exempt from federal and California income taxes. Cities, counties and other municipalities in California and U.S. territories, such as Puerto Rico, usually issue these securities. The fund will typically invest in California municipal securities with maturities of seven or more years. It will maintain a weighted average maturity of ten or more years.
Fees are High compared to funds in the same category.
American Century California Long-Term Tax-Free Fund has an expense ratio of 1.47 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.