3 / 5 Stars
3 3 2 3 3
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#12 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 -2.76 percent over the past year, 4.25 percent over the past three years, 6.20 percent over the past five years, and 4.17 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-3.3%|
|3 Years (Annualized)||4.3%|
|5 Years (Annualized)||6.2%|
|10 Years (Annualized)||4.2%|
The investment seeks to provide California investors with a high level of current income. The fund normally invests at least 80% of its assets in California municipal securities and other investments with similar economic characteristics, the interest on which is exempt from regular federal income tax and California state personal income tax but which may be subject to the alternative minimum tax. It normally invests in intermediate-term and long-term municipal securities that have remaining maturities from one to more than thirty years at the time of purchase. The fund is non-diversified.
Fees are Above Average compared to funds in the same category.
Western Asset California Municipals Fund has an expense ratio of 0.71 percent.
Risk is Average compared to funds in the same category according to Morningstar.