2 / 5 Stars
2 2 3 2 3
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#13 in Muni California Long
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 -0.33 percent over the past year, 6.68 percent over the past three years, 5.80 percent over the past five years, and 4.11 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||2.3%|
|3 Years (Annualized)||6.7%|
|5 Years (Annualized)||5.8%|
|10 Years (Annualized)||4.1%|
The investment seeks a high level of current income, exempt from federal and California personal income taxes. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and California personal income taxes. It potentially invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund allocates assets across different market sectors and maturities.
Fees are Above Average compared to funds in the same category.
Fidelity California Municipal Income Fund has an expense ratio of 0.77 percent.
Risk is Low compared to funds in the same category according to Morningstar.