2 / 5 Stars
2 2 5 5 5
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
4 / 5 Stars
#10 in Muni Single State Short
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 1.35 percent over the past year, 1.06 percent over the past three years, and 1.66 percent over the past five years.
|Trailing Returns||Updated 06.30.2014|
|Year to date||0.6%|
|3 Years (Annualized)||1.1%|
|5 Years (Annualized)||1.7%|
|10 Years (Annualized)||N/A|
The investment seeks to provide current income that is expected to be exempt from federal personal income taxes and California state personal income taxes. The fund invests primarily in a universe of municipal securities issued by or on behalf of California state or local governments and their agencies, instrumentalities and regional governmental authorities, the interest on which is exempt from regular federal income tax and the state personal income tax of California. It may invest a portion of its assets in municipal securities issued by U.S. territories that are exempt from state taxation under federal law.
Fees are Low compared to funds in the same category.
DFA California Short Term Municipal Bond Portfolio has an expense ratio of 0.23 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.