4 / 5 Stars
5 5 3 2 4
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
#4 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 8.50 percent over the past year, 8.07 percent over the past three years, 8.15 percent over the past five years, and 5.26 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||8.3%|
|3 Years (Annualized)||8.1%|
|5 Years (Annualized)||8.1%|
|10 Years (Annualized)||5.3%|
The investment seeks as 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. Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal and California personal income tax. These municipal bonds include obligations issued by the State of California and its subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories.
Fees are Above Average 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.