3 / 5 Stars
3 3 2 2 2
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#22 in Muni California Long
U.S. News evaluated 32 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 4.40 percent over the past year, 6.73 percent over the past three years, 5.50 percent over the past five years, and 4.23 percent over the past decade.
|Trailing Returns||Updated 05.31.2013|
|Year to date||0.6%|
|3 Years (Annualized)||6.7%|
|5 Years (Annualized)||5.5%|
|10 Years (Annualized)||4.2%|
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 will normally invest 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 generally invests in investment grade, California municipal obligations. It may also invest up to 20% of its total assets in taxable money market instruments, tax-exempt securities of other states and municipalities and securities that pay interest income subject to the federal alternative minimum tax.
Fees are High compared to funds in the same category.
Morgan Stanley California Tax-Free Income has an expense ratio of 0.82 percent.
Risk is Average compared to funds in the same category according to Morningstar.