First Investors Tax Exempt California Fund

Scorecard
2 / 5 Stars
Lipper
2 2 2 1 2
Zacks Investment Research
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Standard & Poor's
3 / 5 Stars
TheStreet.com
B (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 8.27 percent over the past year, 6.33 percent over the past three years, 5.84 percent over the past five years, and 4.76 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 7.2%
1 Year 8.3%
3 Years (Annualized) 6.3%
5 Years (Annualized) 5.8%
10 Years (Annualized) 4.8%

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Summary

The investment seeks a high level of interest income that is exempt from both federal and state income tax for individual residents of the state of California; it also seeks income that is not a tax preference item for purposes of the federal alternative minimum tax. Under normal circumstances, at least 80% of the fund's net assets (plus any borrowings for investment purposes) will be invested in municipal securities that pay interest that is exempt from federal income tax, including the AMT, and any applicable state income tax for individual residents of the state of California.

Fees

Fees are Above Average compared to funds in the same category.
First Investors Tax Exempt California Fund has an expense ratio of 1.00 percent.

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Risk

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

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