4 / 5 Stars
4 4 2 5 4
Zacks Investment Research
Standard & Poor's
5 / 5 Stars
#1 in Muni California Long
U.S. News evaluated 33 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 -1.86 percent over the past year, 4.01 percent over the past three years, 6.62 percent over the past five years, and 4.33 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-2.4%|
|3 Years (Annualized)||4.0%|
|5 Years (Annualized)||6.6%|
|10 Years (Annualized)||4.3%|
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 will invest so that, under normal market conditions, at least 80% of its net assets (including any borrowings for investment purposes) are invested 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. It may invest up to 10% of its total assets in noninvestment-grade securities.
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 Low compared to funds in the same category according to Morningstar.