Virtus California Tax Exempt Bond Fund

Scorecard
2 / 5 Stars
Lipper
1 1 2 1 1
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
TheStreet.com
A- (Buy)

#31 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.

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Performance

The fund has returned -0.09 percent over the past year, 6.29 percent over the past three years, 5.66 percent over the past five years, and 3.80 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 3.2%
1 Year -0.1%
3 Years (Annualized) 6.3%
5 Years (Annualized) 5.7%
10 Years (Annualized) 3.8%

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Summary

The investment seeks a high level of current income exempt from California state and local income taxes, as well as federal income tax, consistent with the preservation of capital. The fund invests in municipal bonds issued in the state of California. The management team focuses on high quality California tax-exempt municipal bonds, gauging the value of a security by issue type, credit quality, and bond structure. It invests at least 80% of its assets in bonds, the income from which is exempt from California state income tax and federal income tax, and may invest 100% of its assets in such securities.

Fees

Fees are Above Average compared to funds in the same category.
Virtus California Tax Exempt Bond Fund has an expense ratio of 0.85 percent.

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Risk

Risk is Low compared to funds in the same category according to Morningstar.

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