4 / 5 Stars
3 3 3 5 5
Zacks Investment Research
Standard & Poor's
5 / 5 Stars
#2 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 6.79 percent over the past year, 6.91 percent over the past three years, 6.19 percent over the past five years, and 4.87 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.9%|
|3 Years (Annualized)||6.9%|
|5 Years (Annualized)||6.2%|
|10 Years (Annualized)||4.9%|
The investment seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal and California state income taxes. The fund normally invests at least 80% of net assets in bonds that pay interest exempt from federal and California state income taxes, and at least 80% of the fund's income is expected to be exempt from federal and California state income taxes. The fund's weighted average maturity is expected to normally exceed 10 years. It may invest up to 10% of total assets in noninvestment-grade securities. Up to 20% of the fund's income could be derived from securities subject to the alternative minimum tax.
Fees are Above Average compared to funds in the same category.
T. Rowe Price California Tax Free Bond Fund has an expense ratio of 0.50 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.