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#31 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 3.67 percent over the past year, 5.65 percent over the past three years, 5.22 percent over the past five years, and 4.14 percent over the past decade.
|Trailing Returns||Updated 05.31.2013|
|Year to date||0.4%|
|3 Years (Annualized)||5.7%|
|5 Years (Annualized)||5.2%|
|10 Years (Annualized)||4.1%|
The investment seeks as high a level of current income, exempt from federal and California state income taxes, as is consistent with the preservation of capital. The fund normally invests substantially all of its net assets in municipal bonds that provide income exempt from federal and California state personal income taxes. It also seeks to provide income exempt from the federal alternative minimum tax. The fund invests at least 80% of assets in municipal bonds rated investment grade or the unrated equivalent. It may invest up to 20% of its assets in municipal bonds rated below investment grade or the unrated equivalent. The fund is non-diversified.
Fees are High compared to funds in the same category.
Dreyfus California AMT-Free Municipal Bond Fund has an expense ratio of 0.93 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.