4 / 5 Stars
5 5 2 1 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
#5 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 5.76 percent over the past year, 7.65 percent over the past three years, 6.50 percent over the past five years, and 4.86 percent over the past decade.
|Trailing Returns||Updated 05.31.2013|
|Year to date||1.1%|
|3 Years (Annualized)||7.7%|
|5 Years (Annualized)||6.5%|
|10 Years (Annualized)||4.9%|
The investment seeks a high level of current interest income exempt from regular federal, California State and, in some cases, California local income taxes as is consistent with preservation of capital. The fund invests at least 80% of its net assets in municipal bonds that pay interest that is exempt from regular federal and California personal income tax. It may invest without limit in securities that generate income subject to the alternative minimum tax. The fund is a long-term bond fund and, as such, will generally maintain, under normal market conditions, an investment portfolio with an overall weighted average maturity of greater than 10 years.
Fees are High compared to funds in the same category.
Nuveen California Municipal Bond Fund has an expense ratio of 0.80 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.