2 / 5 Stars
2 2 5 5 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 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 0.64 percent over the past year, 0.74 percent over the past three years, and 1.27 percent over the past five years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.2%|
|3 Years (Annualized)||0.7%|
|5 Years (Annualized)||1.3%|
|10 Years (Annualized)||N/A|
The investment seeks maximum total return, consistent with preservation of capital and prudent investment management. The fund invests at least 80% of its assets in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal and California income tax. It may invest up to 10% of its total assets in junk bonds rated B or higher by Moody's, or equivalently rated by S&P or Fitch, or, if unrated, determined by PIMCO to be of comparable quality. The fund may invest in derivative instruments. It is non-diversified.
Fees are Low compared to funds in the same category.
PIMCO California Short Duration Municipal Income Fund has an expense ratio of 0.33 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.