3 / 5 Stars
3 3 2 1 1
Zacks Investment Research
Standard & Poor's
2 / 5 Stars
#27 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 -1.10 percent over the past year, 6.64 percent over the past three years, 6.27 percent over the past five years, and 4.23 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||3.9%|
|3 Years (Annualized)||6.6%|
|5 Years (Annualized)||6.3%|
|10 Years (Annualized)||4.2%|
The investment seeks to maximize current income that is exempt from California state and federal income taxes, consistent with the preservation of capital. The fund invests primarily in California state and local municipal bonds, which are debt obligations or fixed income securities, including notes, commercial paper and other securities, as well as obligations of other issuers that pay interest income that is exempt from California state and federal income taxes. It invests at least 70% of its investable assets in "investment grade" debt obligations and may invest up to 30% of its investable assets in high yield municipal debt obligations or junk bonds.
Fees are Above Average compared to funds in the same category.
Prudential CA Municipal Income has an expense ratio of 0.91 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.