3 / 5 Stars
3 3 5 5 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
#3 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 0.95 percent over the past year, 2.85 percent over the past three years, and 2.90 percent over the past five years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.9%|
|3 Years (Annualized)||2.9%|
|5 Years (Annualized)||2.9%|
|10 Years (Annualized)||N/A|
The investment seeks a high level of current income, exempt from federal and California personal income taxes. The fund normally invests at least 80% of assets in investment-grade municipal debt securities whose interest is exempt from federal and California personal income taxes. Potentially it invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund normally maintains a dollar-weighted average maturity between two and five years. It is non-diversified.
Fees are Low compared to funds in the same category.
Fidelity California Limited Term Tax-Free Bond Fund has an expense ratio of 0.34 percent.
Risk is Average compared to funds in the same category according to Morningstar.