4 / 5 Stars
5 4 2 5 5
Zacks Investment Research
1 (Strong Buy)
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 6.80 percent over the past year, 8.61 percent over the past three years, 9.26 percent over the past five years, and 5.01 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||8.2%|
|3 Years (Annualized)||8.6%|
|5 Years (Annualized)||9.3%|
|10 Years (Annualized)||5.0%|
The investment seeks a high level of income exempt from federal and California personal income taxes; capital appreciation is a secondary consideration. The fund invests at least 80% of its net assets in municipal securities whose interest is free from regular federal income taxes and from California personal income taxes. It also may have up to 100% of its assets in securities that pay interest subject to the federal alternative minimum tax. The fund also may invest up to 35% of its total assets in municipal securities issued by U.S. territories, such as Puerto Rico.
Fees are High compared to funds in the same category.
Franklin California High Yield Municipal Fund has an expense ratio of 1.16 percent.
Risk is High compared to funds in the same category according to Morningstar.