2 / 5 Stars
3 3 5 4 2
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 20 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 1.40 percent over the past year, and 1.90 percent over the past three years.
|Trailing Returns||Updated 04.30.2013|
|Year to date||0.7%|
|3 Years (Annualized)||1.9%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks to preserve your investment and secondarily to provide current income exempt from federal and California income taxes. The fund primarily invests in short-term municipal bonds issued by the state of California, its agencies and municipalities. It normally invests at least 80% of its assets in, or derives at least 80% of its income from, securities that are exempt from both federal and California income taxes. The fund invests primarily in municipal bonds with quality ratings of A- or A3 or better. Its aggregate portfolio will have a dollar-weighted average maturity no greater than three years.
Fees are Low compared to funds in the same category.
Capital CA Short-Term Municipal has an expense ratio of 0.40 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.