2 / 5 Stars
2 3 2 2 3
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#25 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 5.05 percent over the past year, 6.65 percent over the past three years, 4.95 percent over the past five years, and 3.62 percent over the past decade.
|Trailing Returns||Updated 05.31.2013|
|Year to date||0.9%|
|3 Years (Annualized)||6.6%|
|5 Years (Annualized)||4.9%|
|10 Years (Annualized)||3.6%|
The investment seeks to provide as high a level of current income that is exempt from federal and state personal income tax as is consistent with prudent investment management and preservation of capital. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in California municipal obligations. Generally, these municipal obligations pay interest that is exempt from State personal income tax and federal income tax. It invests primarily in investment-grade municipal obligations. The fund also invests in inverse floating rate obligations, which are generally more volatile than other types of municipal obligations.
Fees are High compared to funds in the same category.
Principal California Municipal Fund has an expense ratio of 0.77 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.