3 / 5 Stars
3 3 2 5 4
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
#5 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 8.53 percent over the past year, 6.78 percent over the past three years, 6.72 percent over the past five years, and 4.77 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||7.6%|
|3 Years (Annualized)||6.8%|
|5 Years (Annualized)||6.7%|
|10 Years (Annualized)||4.8%|
The investment seeks to provide current income that is exempt from both federal and California personal income taxes. The fund invests primarily in high-quality municipal bonds issued by California state and local governments, as well as by regional governmental and public financing authorities. At least 80% of its assets will be invested in securities whose income is exempt from federal and California state taxes. Although the fund has no limitations on the maturities of individual securities, its dollar-weighted average maturity is expected to be between 10 and 25 years. The fund is non-diversified.
Fees are Average compared to funds in the same category.
Vanguard California Long Term Tax Exempt Fund has an expense ratio of 0.20 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.