Northern California Tax Exempt Fund

Class No Load (NCATX)
Scorecard
4 / 5 Stars
Lipper
5 5 2 5 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
TheStreet.com
B+ (Buy)

#2 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.

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Performance

The fund has returned -0.19 percent over the past year, 7.96 percent over the past three years, 6.88 percent over the past five years, and 4.75 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 4.1%
1 Year -0.2%
3 Years (Annualized) 8.0%
5 Years (Annualized) 6.9%
10 Years (Annualized) 4.8%

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Summary

The investment seeks to provide high current income exempt from regular federal income tax and California state personal income tax. The fund normally invests at least 80% of the fund's net assets in debt instruments that pay interest that is exempt from regular federal income tax. In addition, at least 80% of its net assets will be invested in instruments that pay income that is exempt from California state personal income tax. The fund's dollar-weighted average maturity will range between ten and thirty years. It may invest to a limited extent in obligations that are rated below-investment grade. The fund is non-diversified.

Fees

Fees are Above Average compared to funds in the same category.
Northern California Tax Exempt Fund has an expense ratio of 0.45 percent.

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Risk

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

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