Investment Test Drive

CLFAX Invesco CA Tax-Free Income A

2 lower fee alternatives found

FeeX scanned the market for similar funds with lower fees and better past returns
Show results with
Fund CLFAX Invesco CA Tax-Free Income A VCITX Vanguard CA Long-Term Tax-Exempt Inv BCHYX American Century CA Hi-Yld Muni Inv  
100% 98% 92%
Annual Fees
(0.86% Exp. Ratio)
(0.20% Exp. Ratio)
(0.50% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.08% annual return
$14,293.08 $17,441.12 $15,934.95
Est. savings over 30 yrs +$3,148.05 +$1,641.87
As of 9/30/16
1 YR RETURN 6.91%
3 YR 7.12%
5 YR 5.83%
10 YR 4.69%
1 YR RETURN 6.99%
3 YR 7.12%
5 YR 5.84%
10 YR 4.78%
1 YR RETURN 9.01%
3 YR 8.47%
5 YR 6.89%
10 YR 5.23%
The investment seeks to provide a high level of current income exempt from federal and California income tax, consistent with the preservation of capital. The fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities that pay interest exempt from federal and California state income taxes. It invests primarily in investment grade California municipal securities. The fund may invest up to 20% of its net assets in securities rated below investment grade at the time of purchase. These securities are commonly referred to as junk bonds.
The investment seeks to provide current income that is exempt from both federal and California personal income taxes. The fund invests primarily in high-quality municipal bonds issued by California state and local governments, as well as by regional governmental and public financing authorities. At least 80% of its assets will be invested in securities whose income is exempt from federal and California state taxes. Although the fund has no limitations on the maturities of individual securities, its dollar-weighted average maturity is expected to be between 10 and 25 years. The fund is non-diversified.
The investment seeks high current income that is exempt from federal and California income taxes. The fund invests at least 80% of the fund's net assets in municipal securities with income payments exempt from federal and California income taxes. It invests in California municipal and other debt securities with an emphasis on high-yield securities. A high-yield security is one that has been rated below investment-grade, or determined by the investment advisor to be of similar quality. The portfolio managers also may buy unrated securities if they determine such securities meet the investment objectives of the fund. The fund is non-diversified.

Join FeeX to view all alternatives, get more data and filtering options, and be able to automatically scan all your investments for lower fee replacements.

It's free!

The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.


FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.


Your Feedback has been sent successfully!