3 / 5 Stars
5 5 2 2 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#11 in Muni California Long
U.S. News evaluated 32 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 5.01 percent over the past year, 7.07 percent over the past three years, 6.72 percent over the past five years, and 5.07 percent over the past decade.
|Trailing Returns||Updated 05.31.2013|
|Year to date||0.6%|
|3 Years (Annualized)||7.1%|
|5 Years (Annualized)||6.7%|
|10 Years (Annualized)||5.1%|
The investment seeks as high a level of current income exempt from federal income tax and California state personal income tax as is consistent with preservation of capital. The fund normally invests at least 80% of assets in municipal securities the income from which is exempt from federal income taxes, including the federal alternative minimum tax, and from California state personal income taxes. It may invest assets in securities with maturities of various lengths, depending on market conditions. The fund generally has a dollar-weighted average effective maturity of between 5 and 30 years.
Fees are High compared to funds in the same category.
Delaware Tax Free California Fund has an expense ratio of 0.82 percent.
Risk is Average compared to funds in the same category according to Morningstar.