American Century California Long-Term Tax-Free Fund

Scorecard
3 / 5 Stars
Lipper
3 3 2 5 2
Zacks Investment Research
2 (Buy)
Standard & Poor's
4 / 5 Stars
TheStreet.com
A+ (Buy)

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.

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Performance

The fund has returned -0.03 percent over the past year, 6.98 percent over the past three years, 6.21 percent over the past five years, and 4.12 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 3.4%
1 Year -0.0%
3 Years (Annualized) 7.0%
5 Years (Annualized) 6.2%
10 Years (Annualized) 4.1%

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Summary

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

Fees are Above Average compared to funds in the same category.
American Century California Long-Term Tax-Free Fund has an expense ratio of 0.47 percent.

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Risk

Risk is Below Average compared to funds in the same category according to Morningstar.

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