3 / 5 Stars
3 3 2 1 2
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#21 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 -2.13 percent over the past year, 7.38 percent over the past three years, 6.10 percent over the past five years, and 3.95 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||2.5%|
|3 Years (Annualized)||7.4%|
|5 Years (Annualized)||6.1%|
|10 Years (Annualized)||4.0%|
The investment seeks to provide a high level of current income exempt from federal and California income tax, consistent with the preservation of capital. The fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities that pay interest exempt from federal and California state income taxes. It invests primarily in investment grade California municipal securities. The fund may invest up to 20% of its net assets in municipal securities that are subject to the federal alternative minimum tax.
Fees are Above Average compared to funds in the same category.
Morgan Stanley California Tax-Free Income has an expense ratio of 0.84 percent.
Risk is Average compared to funds in the same category according to Morningstar.