2 / 5 Stars
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Zacks Investment Research
Standard & Poor's
3 / 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 -1.79 percent over the past year, 7.21 percent over the past three years, 5.59 percent over the past five years, and 3.76 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||2.4%|
|3 Years (Annualized)||7.2%|
|5 Years (Annualized)||5.6%|
|10 Years (Annualized)||3.8%|
The investment seeks total return, consisting of current income exempt from federal income tax and California individual income tax and of capital appreciation, consistent with moderate fluctuation of principal. The fund normally invests at least 80% of net assets in municipal bonds that pay interest exempt from federal income tax (including the federal alternative minimum tax) and California individual income tax. It primarily invests in municipal securities that are rated investment grade. The fund may invest up to 20% of net assets in securities that pay interest subject to taxation and may invest in bonds of any maturity. It is non-diversified.
Fees are High compared to funds in the same category.
Columbia California Tax-Exempt Fund has an expense ratio of 1.53 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.