4 / 5 Stars
5 5 2 4 2
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
#2 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 8.63 percent over the past year, 8.64 percent over the past three years, 8.02 percent over the past five years, and 5.06 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||8.8%|
|3 Years (Annualized)||8.6%|
|5 Years (Annualized)||8.0%|
|10 Years (Annualized)||5.1%|
The investment seeks a high level of current interest income that is exempt from federal and California state income taxes. The fund invests primarily in long-term investment-grade securities issued by the state of California, its political subdivisions and instrumentalities, and by other government entities, the interest on which is exempt from federal income tax and California state income tax. During normal market conditions, at least 80% of the fund's net assets will consist of California tax-exempt securities. Its dollar-weighted average portfolio maturity is not restricted, but is expected to be greater than 10 years.
Fees are Above Average compared to funds in the same category.
USAA California Bond Fund has an expense ratio of 0.58 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.