MainStay California Tax Free Opportunities Fund

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 -1.17 percent over the past year.

Trailing Returns Updated 03.31.2014
Year to date 5.3%
1 Year -1.2%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks current income exempt from federal and California income taxes. The fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in municipal bonds, whose interest is, in the opinion of bond counsel for the issuers at the time of issuance, exempt from federal and California income taxes. It may invest up to 20% of its net assets in municipal bonds subject to the federal alternative minimum tax, and municipal bonds that pay interest that is subject to federal and California income taxes.

Fees

Fees are Above Average compared to funds in the same category.
MainStay California Tax Free Opportunities Fund has an expense ratio of 0.94 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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