John Hancock California Tax Free Income Fund

Scorecard
3 / 5 Stars
Lipper
2 2 2 1 5
Zacks Investment Research
2 (Buy)
Standard & Poor's
3 / 5 Stars
TheStreet.com
A (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 -1.12 percent over the past year, 6.52 percent over the past three years, 6.41 percent over the past five years, and 3.36 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 3.2%
1 Year -1.1%
3 Years (Annualized) 6.5%
5 Years (Annualized) 6.4%
10 Years (Annualized) 3.4%

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Summary

The investment seeks a high level of current income, consistent with preservation of capital, that is exempt from federal and California personal income taxes. The fund normally invests at least 80% of assets in securities of any maturity exempt from federal and California personal income taxes. Most of these securities are investment-grade when purchased, but the fund may invest up to 20% of assets in junk bonds rated BB/Ba and their unrated equivalents. It may buy bonds of any maturity. The fund may invest more than 5% of its net assets in securities of any given issuer. It is non-diversified.

Fees

Fees are High compared to funds in the same category.
John Hancock California Tax Free Income Fund has an expense ratio of 1.59 percent.

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Risk

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

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