3 / 5 Stars
4 4 2 2 5
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#19 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 -2.04 percent over the past year, 7.88 percent over the past three years, 7.21 percent over the past five years, and 3.71 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||2.7%|
|3 Years (Annualized)||7.9%|
|5 Years (Annualized)||7.2%|
|10 Years (Annualized)||3.7%|
The investment seeks the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk. The fund uses the volatility of the Barclays Municipal Bond Index as an approximation of reasonable risk. It invests at least 80% of its net assets in municipal bonds that pay interest exempt from federal income tax and California personal income tax. If the interest on a municipal bond meets these standards, the fund will treat the bond as qualifying for purposes of the 80% requirement even if the issuer is located outside of California. It invests primarily in investment grade municipal bonds. The fund is non-diversified.
Fees are Above Average compared to funds in the same category.
Lord Abbett California Tax Free Income Fund has an expense ratio of 0.81 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.