3 / 5 Stars
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Zacks Investment Research
Standard & Poor's
2 / 5 Stars
U.S. News evaluated 19 Muni Single State Short 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 2.28 percent over the past year, 1.77 percent over the past three years, 2.91 percent over the past five years, and 2.51 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||2.1%|
|3 Years (Annualized)||1.8%|
|5 Years (Annualized)||2.9%|
|10 Years (Annualized)||2.5%|
The investment seeks to provide safety of principal and maximize total return after taking account of federal and state taxes for California residents. The fund invests at least 80% of its net assets in a portfolio of municipal securities issued by the State of California or its political subdivisions, or otherwise exempt from California state income tax. It seeks to maintain an effective duration of three and one-half years to seven years. The fund may invest up to 20% of its total assets in junk bonds. It may invest more than 25% of its net assets in revenue bonds. The fund is non-diversified.
Fees are High compared to funds in the same category.
AllianceBernstein Intermediate California Municipal Portfolio has an expense ratio of 1.58 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.